Active Listing  ·  61 days on market

5305 Ledesma Rd #4

Austin, TX 78721
$490,000
2 Bed 3 Bath 1,100 sqft $445/sqft Built 2025 0.08 acres Pool CASA AVILA

NEW CONSTRUCTION IN EAST AUSTIN AND WITHOUT THE DOWNTOWN PRICE TAG. If you have been searching for a modern, move-in-ready home close to Downtown Austin, this may be the opportunity you've been waiting for.

Welcome to 5305 Ledesma Rd Unit 4, a beautifully designed 2025-built detached condominium and one of only four detached residences in a boutique East Austin condo community. Enjoy the privacy and feel of a standalone home within an intimate four-home compound.

Step inside to a bright, open-concept floor plan filled with natural light. The seamless connection between the living, dining, and kitchen areas creates an inviting space for everyday living, working from home, or entertaining.

The chef-inspired kitchen features quartz countertops, a spacious island, custom cabinetry, stainless steel appliances, and a gas range. Refrigerator conveys.

Upstairs are two spacious bedrooms, each with a private en-suite bathroom ideal for privacy, guests, or flexible living arrangements. A convenient powder bath serves the main level.

Step outside to your private rear deck, perfect for morning coffee, unwinding, or entertaining friends.

The community features three dog parks and access to outdoor recreation, while the location puts you minutes from Downtown Austin, Lady Bird Lake, Mueller, Austin-Bergstrom International Airport, and East Austin's restaurants, coffee shops, and entertainment.

Whether you are buying your first Austin home, relocating, seeking a lock-and-leave lifestyle, or adding Austin real estate to your long-term investment portfolio, 5305 Ledesma Rd Unit 4 offers a compelling combination of 2025 construction, no HOA, private outdoor space, en-suite bedrooms, proximity to Downtown, and exceptional East Austin value.

Why compromise between a new home and an East Austin location when you may be able to have both?

At $445/sqft, this home is priced 14% 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

5305 Ledesma Rd #4, Austin, TX 78721

Property Details

Price $490,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,100 sqft
Lot Size 0.08 acres (3,484.8 sqft)
Year Built 2025
Garage ,
Stories ,
Type Residential · Condominium
Subdivision CASA AVILA
County Travis
Zip Code 78721
$/sqft $445/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237016263
List Date June 23, 2026
Elementary School Ortega
Middle School Martin
High School Eastside Early College
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
1709 Perez St #2
1709 Perez Condos
$490,000 $448 2 bd / 3 ba 1,093 sqft , 2026-06-03
5912 Harold Ct #106
Vistas/Harold Condos
$492,450 $335 2 bd / 3 ba 1,470 sqft , 2026-06-05
1120 Spur St
Pecan Valley
$492,500 $395 3 bd / 2 ba 1,248 sqft , 2026-04-17
1140 Webberville Rd #9
Ashton East Condominium Townhomes
$499,000 $424 2 bd / 3 ba 1,178 sqft , 2026-06-25
1803 Perez St
Chernosky 10
$474,000 $616 2 bd / 1 ba 770 sqft , 2026-07-08

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
$2,352/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
$98,000
20% conventional investment loan

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

Estimated Gross Rent+$2,352
Principal + Interest−$2,674
Property Tax (~2.1% TX avg)−$858
Insurance (~0.5%)−$204
Est. Monthly Cash Flow $-1,384

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 August 2, 2026.

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