Active Listing  ·  518 days on market

2505 Bluebonnet Ln #3

Austin, TX 78704
$669,900
2 Bed 3 Bath 1,469 sqft $456/sqft Built 2025 0.06 acres 2-Car Garage Pool New Construction Bluebonnet Lofts

*Ask about our current offers (3% flex cash)* PRIME LOCATION!!! LIGHT AND BRIGHT MODERN TOWNHOME IN THE HEART OF VIBRANT SOUTH LAMAR! NEW CONSTRUCTION, JUST COMPLETED. This spacious 2 bedroom 2 bath home is tucked away on Bluebonnet Lane in a small private 18 unit gated community. Enjoy the walkability of this convenient location – cool cafes, restaurants, bars, parks, theaters, green spaces and artistic experiences are minutes from your doorstep. Less than 2 miles to Downtown, Lady Bird Lake, Zilker Park, and easy access to Hwy 290, 360, and Mopac. This open concept floor plan lives like a single- family home. High-end interior finishes - hardwood floors throughout, 12 foot ceilings, 8 ft doors, recessed lighting, 2 car garage with ample storage, 1 additional parking spot, and a small fenced backyard. The kitchen is equipped with a breakfast bar, quartz countertops, BOSCH appliances, upgraded soft-close cabinetry, and a walk- in pantry. Upstairs, the bright owners retreat is inviting with an ensuite bath with a large oversized walk-in shower, double vanity, walk in closet. The secondary bedroom has an ensuite bathroom and can be used as an office or guest room. There is also a dog park for your furry best friend. HOA covers exterior maintenance, exterior insurance & landscaping of the yard. Warranty included.

At $456/sqft, this home is priced 16% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2505 Bluebonnet Ln #3, Austin, TX 78704

Property Details

Price $669,900
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,469 sqft
Lot Size 0.06 acres (2,504.7 sqft)
Year Built 2025
Garage 2 spaces
Stories ,
Type Residential · Townhouse
Subdivision Bluebonnet Lofts
County Travis
Zip Code 78704
$/sqft $456/sqft
Days on Market ,
HOA $300/Monthly
Annual Tax Est. $9,599.69
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT192718011
List Date March 24, 2025
Elementary School Dawson
Middle School Lively
High School Travis
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · March 24, 2025 $684,900
Current ask $669,900
Reduced $15,000 (-2.2%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
3700 Clawson Rd #501
Clawson Rdg Condos Bldg 5
$669,000 $367 3 bd / 4 ba 1,821 sqft , 2026-03-27
2714 Stacy Ln #B
2714 Stacy Condos
$665,000 $422 3 bd / 3 ba 1,576 sqft , 2026-06-23
2300 S 5th St #E
5th A Condo
$675,000 $363 2 bd / 3 ba 1,859 sqft , 2026-05-01
2505 Bluebonnet Ave #4
Del Curto
$685,000 $451 2 bd / 3 ba 1,519 sqft , 2026-06-20
2505 Bluebonnet Ave #5
Bluebonnet Lofts
$685,900 $452 2 bd / 3 ba 1,519 sqft , 2025-05-09

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$3,216/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$133,980
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$3,216
Principal + Interest−$3,656
Property Tax (~2.1% TX avg)−$1,172
Insurance (~0.5%)−$279
Est. Monthly Cash Flow $-1,891

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on August 15, 2026.

📞 (254) 718-2567 [email protected] More about Luke →