Active Listing  ·  46 days on market

4231 Westlake Dr #C3

Austin, TX 78746
$1,249,000
4 Bed 2 Bath 2,273 sqft $549/sqft Built 1985 0.18 acres 2-Car Garage Pool Fourteenth Fairway Condo

Rare one-story opportunity on the 14th fairway of Austin Country Club in highly desirable Eanes ISD. This 2,273 sq. ft. home has been completely remodeled from the inside out with a fresh, modern finish and a move-in-ready feel. The interior features new wood floors, custom cabinetry, new countertops, Bosch appliances, new LG washer and dryer, LED recessed lighting, updated fans, and thoughtful upgrades throughout.

Remodeled by Southerly Homes, a two-time Custom Builder of the Year, the home blends clean design, quality craftsmanship, and an exceptional lock-and-leave lifestyle. The open, single-level layout offers comfortable everyday living with golf course views and a rare setting in one of West Austin’s most established locations.

The HOA provides outstanding value and convenience, including water, wastewater, landscaping, exterior maintenance, and exterior insurance. Located within walking distance to Austin Country Club, Bridge Point Elementary, and Lake Austin, this home offers a unique combination of location, lifestyle, schools, and low-maintenance living.

A rare find in Eanes ISD and an exceptional opportunity to enjoy a fully remodeled home along the Austin Country Club golf course.

At $549/sqft, this home is priced 40% 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

4231 Westlake Dr #C3, Austin, TX 78746

Property Details

Price $1,249,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 2,273 sqft
Lot Size 0.18 acres (7,814.66 sqft)
Year Built 1985
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Fourteenth Fairway Condo
County Travis
Zip Code 78746
$/sqft $549/sqft
Days on Market ,
HOA $1,000/Monthly
Annual Tax Est. $13,403.43
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236972116
List Date June 19, 2026
Elementary School Bridge Point
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
1004 Juanita None #2
La Perla
$1,249,000 $589 4 bd / 4 ba 2,122 sqft , 2026-06-05
3309 Larry Ln #1
Cherrywood
$1,249,990 $594 3 bd / 3 ba 2,104 sqft , 2026-07-23
205 Medina St #1
SHELLEY N G SUBD
$1,250,000 $754 3 bd / 3 ba 1,657 sqft , 2025-10-10
2301 W 10th St
Lloyd Maury Allen
$1,250,000 $567 5 bd / 3 ba 2,203 sqft , 2026-03-31
2002 Kinney Ave #B
Kinney Ave Condo Amd 2002
$1,250,000 $654 3 bd / 3 ba 1,910 sqft , 2025-09-25

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
$5,995/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
$249,800
20% conventional investment loan

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

Estimated Gross Rent+$5,995
Principal + Interest−$6,816
Property Tax (~2.1% TX avg)−$2,186
Insurance (~0.5%)−$520
Est. Monthly Cash Flow $-3,527

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 →

Neighborhood Context

About Westlake Hills

Westlake Hills is Austin's most prestigious address. The small city of Westlake Hills sits in the hills west of Austin proper - with views of the city skyline, the Texas Hill Country, and Lake Austin visible from many properties. It is where Austin's most successful executives, entrepreneurs, and professionals choose to live.

The primary driver of Westlake's demand is Eanes ISD - consistently ranked among the top school districts in Texas and regularly appearing on national top-100 lists. Families move to Westlake specifically for Westlake High School, and the school's reputation sustains property values through every market cycle.

🎓
Eanes ISD

Westlake High School is among the top public high schools in Texas. AP course offerings, athletics, and college matriculation rates rival private schools. This is the #1 driver of Westlake real estate demand.

🏔️
Hill Country Views

Elevated terrain means many homes have panoramic views of downtown Austin's skyline, Lake Austin, and the surrounding hill country. Views add significant value and are irreplaceable.

🔒
Privacy & Security

Many Westlake properties are set back from the road on large lots, often in gated communities. The density is far lower than inside Austin proper.

⏱️
Downtown Access

Despite feeling removed, Westlake is 10 to 15 minutes from downtown Austin via MoPac. The hills buffer from city noise without sacrificing access.

Full Westlake Hills Guide →

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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