Active Listing  ·  207 days on market

5921 Hiline Rd #1204

Austin, TX 78734
$549,000
3 Bed 2 Bath 1,379 sqft $398/sqft Built 2015 0.39 acres 1-Car Garage Pool Waterfront Waterfall On Lake Travis Condo

Lowest price in the community! Enjoy private, lake front living in this premium waterfront luxury complex. This spectacular unit boast tall ceilings with track and recessed lighting, floor to ceiling windows facing the beautiful Lake Travis sunrise, 3 bedrooms equipped with remote controlled electric blinds, and 2 full bathrooms. Primary bathroom features dual vanity sink, large tub with separate, glass enclosed, walk in shower, dual closet space, and built in dresser and shelves. Primary bedroom is equipped with wrap around floor to ceiling windows, offering a perfect view of both the fenced pool and 14 acre common area/park leading to 950 ft of Lake Travis frontage. The Waterfall on Lake Travis is the perfect lock-and-leave lake community, or your next waterfront forever home. No short term rentals allowed. Lease terms minimum 12-months.

At $398/sqft, this home is priced 2% 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

5921 Hiline Rd #1204, Austin, TX 78734

Property Details

Price $549,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,379 sqft
Lot Size 0.39 acres (16,883.86 sqft)
Year Built 2015
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Waterfall On Lake Travis Condo
County Travis
Zip Code 78734
$/sqft $398/sqft
Days on Market ,
HOA $843/Monthly
Annual Tax Est. $8,392.58
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT215943202
List Date January 9, 2026
Elementary School Lake Travis
Middle School Hudson Bend
High School Lake Travis
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
606 W Lynn St #21
West End Condo
$549,000 $479 2 bd / 3 ba 1,146 sqft , 2026-04-13
219 Lessin Ln #10A
Post Road
$549,000 $477 2 bd / 3 ba 1,152 sqft , 2026-04-08
9407 McKnight Loop #9
Western Clstrs Condos
$549,000 $304 3 bd / 3 ba 1,806 sqft , 2026-04-30
1600 Barton Springs Rd #5103
Bartonplace Condo
$549,000 $551 2 bd / 2 ba 997 sqft , 2026-05-08
3403 King St
Gypsy Grove
$549,000 $607 2 bd / 1 ba 905 sqft , 2026-05-11

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
$2,635/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
$109,800
20% conventional investment loan

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

Estimated Gross Rent+$2,635
Principal + Interest−$2,996
Property Tax (~2.1% TX avg)−$961
Insurance (~0.5%)−$229
Est. Monthly Cash Flow $-1,551

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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