Active Listing  ·  36 days on market

5701 Westslope Dr #17

Austin, TX 78731
$575,000
2 Bed 3 Bath 1,350 sqft $426/sqft Built 1985 0.02 acres 2-Car Garage Pool Westslope Condo

Welcome to your newly remodeled townhome-style condo located on a beautiful tree lined private street. It's hard to believe this hidden jewel as you drive under the tunnel of trees just steps from the community pool. This centrally located home has easy access to Mopac and Loop 360. An excellent investment or lock and leave property just 10-15 minutes to the Tech Corridor, Domain, Downtown Austin and the Arboretum. Zoned to exemplary rated schools; Highland Park Elementary and McCallum Fine Arts Academy. North facing! This unique home is full of natural lighting with Anderson windows and new custom doors. The high vaulted ceiling accents the open floor plan ideal for entertaining. Each suite has a full bathroom and walk-in closets overlooking the trees and one with direct access to the patio. The second floor features a loft that could be used as a second living area, office, playroom or guest quarters. Property management meticulously maintains each home and fees include several homeowners expenses. Many amenities close by such as Bright Leaf Preserve and Bull Creek Park. Make sure you stop by the pool at the end of the street during your visit!

At $426/sqft, this home is priced 8% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

5701 Westslope Dr #17, Austin, TX 78731

Property Details

Price $575,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,350 sqft
Lot Size 0.02 acres (723.1 sqft)
Year Built 1985
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Westslope Condo
County Travis
Zip Code 78731
$/sqft $426/sqft
Days on Market ,
HOA $550/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241607182
List Date August 18, 2026
Elementary School Highland Park
Middle School Lamar (Austin ISD)
High School McCallum
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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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
5724 N SCOUT ISLAND Cir
COURTYARD PHS 6 THE
$450,000 $313 2 bd / 2 ba 1,439 sqft , 2026-04-25
5512 Oakwood Cv #162
Oakwood Hollow Condo Amd
$450,000 $260 3 bd / 3 ba 1,729 sqft , 2026-08-28
3609 Las Colinas Dr #A
Las Colinas Amended
$374,900 $286 3 bd / 3 ba 1,311 sqft , 2026-08-21

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
$2,760/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
$115,000
20% conventional investment loan

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

Estimated Gross Rent+$2,760
Principal + Interest−$3,138
Property Tax (~2.1% TX avg)−$1,006
Insurance (~0.5%)−$240
Est. Monthly Cash Flow $-1,624

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 14, 2026.

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