Active Listing  ·  7 days on market

301 West Ave #4505

Austin, TX 78701
$2,700,000
3 Bed 3 Bath 1,851 sqft $1,459/sqft Built 2018 0.01 acres 3-Car Garage Pool Independent Condos

Now available at The Independent, Austin's Iconic Skyline Tower — Perched on the 45th floor of Austin's most photographed high-rise, this rare corner residence offers panoramic views of Lady Bird Lake, the Texas Capitol, city skyline, and Hill Country beyond. Spanning 1,851 square feet, this 3-bedroom, 3-bath home with office nook is wrapped in floor-to-ceiling windows that frame sunrise over the Capitol and sunset over the hills, with a private south-facing balcony overlooking the Austin Central Library and Lady Bird Lake. The primary suite boasts Capitol and city views, an oversized walk-in closet, and a spa-style bath with soaking tub and separate glass shower, while two guest bedrooms each feature custom closets and their own skyline and lake views. The modern kitchen is outfitted with high-end appliances, and thoughtful upgrades run throughout: a gorgeous stone accent entry wall, a lowered, sound-dampened ceiling with integrated speakers (lowered ceilings can easily be removed), custom closets for maximum storage, designer wallpaper, frameless glass showers, elevated bathroom finishes, and electric shades. Three parking spaces and a private storage unit, a rare find downtown, complete the offering. Located in the coveted Seaholm District along Lady Bird Lake and the Shoal Creek Trail, residents enjoy an easy walk to Trader Joe's, Whole Foods, the Austin Central Library, and premier dining and nightlife, plus over 20,000 square feet of building amenities across two floors, including a heated pool, fitness center, yoga studio, business centers, owner's lounge, dog park with wash station, private movie theatre, children's playroom, and 24/7 concierge. Furniture negotiable.

At $1,459/sqft, this home is priced 272% 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

301 West Ave #4505, Austin, TX 78701

Property Details

Price $2,700,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 1,851 sqft
Lot Size 0.01 acres (278.78 sqft)
Year Built 2018
Garage 3 spaces
Stories ,
Type Residential · Condominium
Subdivision Independent Condos
County Travis
Zip Code 78701
$/sqft $1,459/sqft
Days on Market ,
HOA $1,437/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246563091
List Date September 15, 2026
Elementary School Mathews
Middle School O Henry
High School Austin
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
210 Lavaca St #2706
Block 21 Condos
$2,599,000 $1,202 3 bd / 3 ba 2,162 sqft , 2026-05-04
200 Congress Ave #15E
Austonian Condo Community
$2,499,000 $1,303 2 bd / 2 ba 1,918 sqft , 2026-04-28
98 San Jacinto Blvd #2404
Town Lake Residences Condo
$2,495,000 $1,811 2 bd / 3 ba 1,378 sqft , 2026-07-17
610 Davis St #4301
The Modern Austin Residences
$2,425,500 $1,243 3 bd / 3 ba 1,951 sqft , 2026-05-28
202 Nueces St #1405
Austin Proper
$2,995,000 $1,820 2 bd / 3 ba 1,646 sqft , 2026-05-28

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
$12,960/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
$540,000
20% conventional investment loan

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

Estimated Gross Rent+$12,960
Principal + Interest−$14,735
Property Tax (~2.1% TX avg)−$4,725
Insurance (~0.5%)−$1,125
Est. Monthly Cash Flow $-7,625

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 September 16, 2026.

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