Active Listing  ·  20 days on market

5305 Ledesma Rd #1

Austin, TX 78721
$698,500
4 Bed 4 Bath 2,401 sqft $291/sqft Built 2025 0.34 acres 1-Car Garage Pool 5305 Ledesma Condominiums

Morning light across the living room. A quiet place to focus. Friends around the kitchen island before dinner out in Austin. At 5305 Ledesma, Unit 1, contemporary design gives each part of the day room to unfold.

This four-bedroom, four-bath residence brings together an open floor plan, dedicated office space, and a flex area for yoga, exercise, or a daily reset. The result is a home that accommodates ambition, connection, and well-being with equal consideration.

Generous windows draw natural light through the interiors, while clean architectural lines, a soft neutral palette, and sophisticated finishes establish a warm, modern aesthetic. Living, dining, and kitchen spaces flow together, keeping conversation easy whether the evening calls for a few friends or an impromptu dinner. White cabinetry, pendant lighting, and a substantial island give the kitchen a polished presence at the center of it all.

When the pace slows, the spacious primary bedroom offers a light-filled retreat, complemented by a bath with a double vanity and glass-enclosed shower. Additional bedrooms provide flexibility for guests and changing needs, while four bathrooms bring welcome ease to hosting.

Outside, a covered patio and manageable yard offer space for fresh air without an expansive landscape to oversee. A one-car garage adds everyday practicality.

With Austin restaurants and urban experiences nearby, this is a home for enjoying the city while keeping space for the life you want to build within it. Work with focus. Make time for wellness. Invite people over. Settle into a place that makes it all feel natural.

At $291/sqft, this home is 25% 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

5305 Ledesma Rd #1, Austin, TX 78721

Property Details

Price $698,500
Status Active Listing
Beds 4
Full Baths 4
Half Baths ,
Living Area 2,401 sqft
Lot Size 0.34 acres (14,810.4 sqft)
Year Built 2025
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision 5305 Ledesma Condominiums
County Travis
Zip Code 78721
$/sqft $291/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,217.73
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT250107876
List Date October 23, 2026
Elementary School Ortega
Middle School Martin
High School Eastside Early College
School District Austin ISD

Austin ISD

Ortega · Martin · Eastside Early College

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
5607 Tura Ln #2
Hobbs Add
$699,000 $390 3 bd / 4 ba 1,791 sqft , 2026-10-22
5007 Lott Ave #1
5007 Lott Ave Condos
$727,000 $319 4 bd / 4 ba 2,276 sqft , 2026-10-23
3923 E 16th St #A
Flournoy Hts Sec 3
$650,000 $397 3 bd / 3 ba 1,639 sqft , 2026-05-29
4609 Sara Dr #B
Jc Tannehill League
$650,000 $324 3 bd / 3 ba 2,005 sqft , 2026-06-12
1719 Bunche Rd
Truman Heights
$749,900 $292 3 bd / 3 ba 2,567 sqft , 2026-09-01

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
$3,353/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
$139,700
20% conventional investment loan

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

Estimated Gross Rent+$3,353
Principal + Interest−$3,812
Property Tax (assumed ~2.1%)−$1,222
Insurance (assumed ~0.5%)−$291
Est. Monthly Cash Flow $-1,972

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 7, 2026.

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

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