Active Listing  ·  68 days on market

5515 DAVIS Ln #81

Austin, TX 78749
$349,000
2 Bed 2 Bath 1,310 sqft $266/sqft Built 2001 2-Car Garage Pool VILLAGE AT WESTERN OAKS SEC

Welcome home to this adorable 2-bedroom, 2-bathroom single-story condominium located in a desirable gated community! Offering 1,310 square feet of comfortable living space, this well-maintained home combines style, functionality, and low-maintenance living. Step inside to discover an inviting open floor plan with high ceilings that create a bright and spacious feel. The living and dining areas flow seamlessly into the kitchen, making it ideal for both everyday living and entertaining. The kitchen features beautiful granite countertops, a stylish tile backsplash, ample cabinetry, and a convenient pantry for additional storage. The spacious primary suite serves as a relaxing retreat with a large walk-in closet and an en-suite bath complete with a garden tub, perfect for unwinding at the end of the day. A generously sized secondary bedroom and full guest bath provide comfort and flexibility for family, guests, or a home office. Interior finishes include attractive tile flooring in the main living areas and carpet in the bedrooms, offering both durability and comfort. The home's single-story layout provides easy accessibility and convenient living. Constructed in 2002 with brick veneer exterior, a slab foundation, and a composition roof, this condo offers lasting quality and curb appeal. The gated community provides large common green space, added privacy and peace of mind while allowing residents to enjoy a carefree lifestyle, with minimal exterior maintenance. Whether you're a first-time homebuyer, downsizing, or looking for an excellent investment opportunity, this charming condo checks all the boxes. Conveniently located near shopping, dining, schools, and major commuting routes, you'll enjoy easy access to everything you need while coming home to a quiet, welcoming community. Don't miss your chance to own this move-in-ready gem—schedule your private showing today!

At $266/sqft, this home is 32% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

5515 DAVIS Ln #81, Austin, TX 78749

Property Details

Price $349,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,310 sqft
Lot Size ,
Year Built 2001
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision VILLAGE AT WESTERN OAKS SEC
County Travis
Zip Code 78749
$/sqft $266/sqft
Days on Market ,
HOA $600/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239744225
List Date July 17, 2026
Elementary School Mills
Middle School Small
High School Bowie
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.

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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 · July 17, 2026 $355,000
Current ask $349,000
Reduced $6,000 (-1.7%) 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
4708 Velasco Pl
Maple Run Sec 07-B
$389,000 $260 3 bd / 3 ba 1,495 sqft , 2026-09-16
4613 MOLERA Dr
MAPLE RUN SEC 7 B
$428,000 $302 3 bd / 2 ba 1,416 sqft , 2026-08-28

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
$1,675/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
$69,800
20% conventional investment loan

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

Estimated Gross Rent+$1,675
Principal + Interest−$1,905
Property Tax (~2.1% TX avg)−$611
Insurance (~0.5%)−$145
Est. Monthly Cash Flow $-986

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 9, 2026.

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