About This Home

Beautiful 3BD/2BA single-level condo with panoramic Lake Travis views, 12ft ceilings, and floor-to-ceiling windows. Features private terrace overlooking the resort-style pool. Gated community sits on 14+ acres with hiking trails, dog park, lakeside treehouse, and boat docks. Award winning Lake Travis School District. Current tenant is month to month. 24 Hour Notice to Show. Contact Listing Agent to Schedule.

At $358/sqft, this home is 9% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

5921 Hiline Rd #1203, Austin, TX 78734

Open in Google Maps ↗ Get Directions ↗

Property Details

Price $494,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,379 sqft

Lot Size ,

Year Built 2016

Garage 1 spaces

Stories ,

Type Residential · Condominium

Subdivision Waterfall on Lake Travis

County Travis

Zip Code 78734

$/sqft $358/sqft

Days on Market ,

HOA $722/Monthly

Annual Tax Est. ,

Pool Yes

Waterfront Yes

New Construction ,

MLS # ACT245820559

List Date September 4, 2026

Elementary School Lake Travis

Middle School Hudson Bend

High School Lake Travis

School District ,

Have Questions About This Property?

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

6712 Lantern View Dr #303
Hollows Condo Amd The $475,000 $330 3 bd / 2 ba 1,440 sqft , 2025-05-28

5921 Hiline Rd #1204
Waterfall On Lake Travis Condo $549,000 $398 3 bd / 2 ba 1,379 sqft , 2026-01-09

6712 Lantern View Dr #302
Hollows Condo Amd The $400,000 $321 3 bd / 2 ba 1,245 sqft , 2026-04-07

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

$2,371/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

$98,800

20% conventional investment loan

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

Estimated Gross Rent+$2,371

Principal + Interest−$2,696

Property Tax (~2.1% TX avg)−$865

Insurance (~0.5%)−$206

Est. Monthly Cash Flow $-1,396

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

About the Author

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 5, 2026.

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

5921 Hiline Rd #1203

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

More Luxury Homes in Austin

Explore Austin Real Estate