Active Listing  ·  20 days on market

2838 Montebello Rd #D18

Austin, TX 78746
$1,298,000
3 Bed 3 Bath 2,238 sqft $580/sqft Built 1987 0.17 acres 2-Car Garage Pool Treemont Park Amd

Rarely available, this beautifully remodeled single-story lock-and-leave home offers the perfect combination of comfort, style, and convenience in one of Westlake's most desirable locations, just minutes from downtown Austin. As a private end unit, the home is surrounded by mature landscaping and features a charming walled courtyard that creates a peaceful outdoor living space.

Filled with natural light, the open floor plan features walls of windows, vaulted ceilings, skylights, and inviting living spaces designed for both everyday living and entertaining. The home offers three spacious bedrooms and three full bathrooms, including a generous primary suite.

Timeless stone flooring runs throughout, complemented by fresh interior paint, a bright, welcoming kitchen, and updated bathrooms with granite countertops. Every detail has been thoughtfully refreshed, making this home truly move-in ready.

Homes like this rarely become available in the community. Complete with a two-car garage with convenient alley access, this is a wonderful opportunity to enjoy low-maintenance living in the heart of Westlake.

At $580/sqft, this home is priced 48% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2838 Montebello Rd #D18, Austin, TX 78746

Property Details

Price $1,298,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 2,238 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 $580/sqft
Days on Market ,
HOA $675/Monthly
Annual Tax Est. $14,943
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238849783
List Date July 15, 2026
Elementary School Cedar Creek (Eanes ISD)
Middle School Hill Country
High School Westlake
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.

Schedule a Call →

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
4906 Enchanted Ln
Park Forest Sec 02
$1,298,000 $465 4 bd / 3 ba 2,793 sqft , 2026-06-08
111 Adam L Chapa Sr St
Fair Grounds Add
$1,299,000 $605 4 bd / 3 ba 2,146 sqft , 2026-03-06
1710 S 5th St #2
Bouldin Add North Ext
$1,299,000 $711 3 bd / 4 ba 1,826 sqft , 2026-04-17
7809 Old Bee Caves Rd #20
Cayena Creekside
$1,299,000 $449 4 bd / 4 ba 2,890 sqft , 2026-05-21
3508 Lyons Rd
Siegmund Add Sec 03
$1,299,000 $558 4 bd / 4 ba 2,330 sqft , 2026-07-17

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
$6,230/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
$259,600
20% conventional investment loan

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

Estimated Gross Rent+$6,230
Principal + Interest−$7,084
Property Tax (~2.1% TX avg)−$2,272
Insurance (~0.5%)−$541
Est. Monthly Cash Flow $-3,667

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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