Active Listing  ·  42 days on market

501 Westbrook Dr

Austin, TX 78746
$1,950,000
4 Bed 5 Bath 2,523 sqft $773/sqft Built 1985 0.83 acres 2-Car Garage Pool Westwood Sec 07

Welcome to 501 Westbrook Dr, a charming house located in the beautiful city of Austin, TX. Situated on a double lot corner lot (0.83 acres), it features it's own Wet weather creek with waterfall, 16'x16' Greenhouse, no flood zone. 4 large bedrooms, 4.5 baths incl. jetted tub, three decks, a laundry shoot, a circular driveway and a very exclusive 1.8% prop.tax. rate. The oversize double garage included a cedar walk-in-closet(not featured in photos) and a large walk through closet for extra storage.

The home is ready for move in September 2026.

This home accords a unique blend of custom architectural design and comfortable living spaces that cater to various lifestyle needs. The exterior boasts a well-maintained facade, set against a lush green backdrop, providing a serene setting for its residents. Upon entering, you'll be welcomed by inviting interiors that accord a seamless flow from room to room. The house is situated in a desirable location, providing convenient access to various local amenities. Whether you are looking to entertain guests or enjoy a quiet evening at home, this property accords versatility and appeal. Its thoughtful design caters to modern living, making it a wonderful choice for those seeking a residence in this vibrant area of Austin. Discover the potential that awaits at 501 Westbrook Dr, where comfort meets convenience.

At $773/sqft, this home is priced 97% 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

501 Westbrook Dr, Austin, TX 78746

Property Details

Price $1,950,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths 1
Living Area 2,523 sqft
Lot Size 0.83 acres (36,154.8 sqft)
Year Built 1985
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Westwood Sec 07
County Travis
Zip Code 78746
$/sqft $773/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $19,856
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243035195
List Date August 11, 2026
Elementary School Eanes
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 →

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 · August 11, 2026 $2,249,000
Previous ask $1,998,000
Current ask $1,950,000
Reduced $299,000 (-13.3%) 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
412 Ridgewood Rd
Ridgewood Village Sec 02
$1,995,000 $907 4 bd / 3 ba 2,200 sqft , 2026-07-02
435 Brady Ln
Henry P Hill League
$1,700,000 $830 4 bd / 2 ba 2,047 sqft , 2026-07-27
4901 Timberline Dr
Timberline Terrace Sec 01
$2,299,900 $939 3 bd / 3 ba 2,449 sqft , 2026-07-31
3613 Pinnacle Rd
Rolling Hills West Sec 02
$2,499,950 $896 4 bd / 3 ba 2,790 sqft , 2026-09-04
108 W SPRING Dr
Westlake Park
$1,300,000 $700 3 bd / 3 ba 1,856 sqft , 2026-09-18

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
$9,360/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
$390,000
20% conventional investment loan

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

Estimated Gross Rent+$9,360
Principal + Interest−$10,642
Property Tax (~2.1% TX avg)−$3,413
Insurance (~0.5%)−$813
Est. Monthly Cash Flow $-5,508

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 17, 2026.

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