Active Listing  ·  3 days on market

2838 Montebello Rd #C14

Austin, TX 78746
$975,000
3 Bed 4 Bath 2,538 sqft $384/sqft Built 1987 0.17 acres 2-Car Garage Pool Treemont Park Amd

Tucked away within a quiet, tree-lined enclave in Westlake’s desirable Treemont neighborhood, this residence presents a special opportunity in an intimate garden home community where properties rarely become available. Just minutes from downtown Austin, this home offers the perfect combination of privacy, convenience, and effortless lock-and-leave living. A peaceful, tree-lined walkway leads to the residence, creating a sense of privacy and seclusion while maintaining a prime, close-in Westlake location.

A gated entry courtyard welcomes you into the home, where the main level features a spacious primary suite, a grand living room with a fireplace and wet bar, and an adjoining dining room. Expansive walls of windows overlook an interior courtyard, filling the living spaces with natural light and extending the living experience outdoors. This secluded courtyard creates a serene indoor-outdoor connection, a rare feature in condominium living.

The kitchen overlooks an additional garden area and provides convenient access to the attached two-car garage, while a powder bath completes the main level. The entire first floor is free of interior steps, allowing for comfortable living. Upstairs, two generously sized bedrooms each feature their own en-suite bathroom, offering flexibility for guests, family, or a home office.

Ideally situated just moments from Westlake’s many conveniences, minutes from downtown Austin, and within the highly regarded Eanes ISD, this residence offers a rare opportunity to bring new life to a home and create something truly special. With its private courtyards, low-maintenance lifestyle, and exceptional location, it is an ideal lock-and-leave retreat in one of the area's most established and tightly held communities.

At $384/sqft, this home is 2% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2838 Montebello Rd #C14, Austin, TX 78746

Property Details

Price $975,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 2,538 sqft
Lot Size 0.17 acres (7,540.24 sqft)
Year Built 1987
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Treemont Park Amd
County Travis
Zip Code 78746
$/sqft $384/sqft
Days on Market ,
HOA $675/Monthly
Annual Tax Est. $18,763.42
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT252158665
List Date November 9, 2026
Elementary School Cedar Creek (Eanes ISD)
Middle School Hill Country
High School Westlake
School District Eanes ISD

Eanes ISD

Cedar Creek (Eanes ISD) · Hill Country · Westlake

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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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
1615 Spyglass Dr #4
Park 10 Condo Amd
$1,120,000 $500 3 bd / 3 ba 2,241 sqft , 2026-05-27
2504 Wildgrove Dr
Barton Terrace Sec 03
$1,150,000 $633 3 bd / 2 ba 1,816 sqft , 2024-11-25
1905 Stoneridge Rd
Countryside Sec 01
$1,179,000 $642 4 bd / 2 ba 1,837 sqft , 2026-07-10
1036 Liberty Park Dr #19
Villas At Treemont Amd
$1,300,000 $463 4 bd / 3 ba 2,810 sqft , 2026-10-28

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
$4,680/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
$195,000
20% conventional investment loan

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

Estimated Gross Rent+$4,680
Principal + Interest−$5,321
Property Tax (assumed ~2.1%)−$1,706
Insurance (assumed ~0.5%)−$406
Est. Monthly Cash Flow $-2,753

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 · 41 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. The written content was last updated on November 10, 2026.

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

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