Active Listing  ·  49 days on market

702 Castle Ridge Rd #C

Austin, TX 78746
$399,000
2 Bed 2 Bath 1,144 sqft $349/sqft Built 1970 0.10 acres Pool Westlake Condo

Welcome home to condo living in the heart of Westlake. This updated two-story residence offers approximately 1,144 square feet with 2 bedrooms, 1.5 bathrooms, and an open floor plan filled with natural light. Features include vinyl and tile flooring throughout with no carpet, granite countertops, and a walk-in shower. The main level features a comfortable living area that flows into the dining space and kitchen, creating an ideal setting for daily living and entertaining. A convenient half bath serves guests, while the covered back patio extends the living space outdoors. The fenced backyard offers privacy and room to relax. Upstairs, two spacious bedrooms provide comfortable accommodations. One bedroom includes a walk-in closet, while the second features access to a private balcony. A full bathroom serves both bedrooms, and the oversized laundry and storage room offers direct access to the backyard. Additional highlights include abundant unassigned off-street parking just outside the front door and low-maintenance living in a prime central location. Residents enjoy quick access to Loop 360 and Mopac. Located within the award-winning Eanes Independent School District, the property offers exceptional educational opportunities. The location is outstanding. Enjoy being close to The Grove Wine Bar & Kitchen and less than a mile from H-E-B, Gold's Gym, Lupe Tortilla, Izumi Sushi, Juiceland, and numerous shopping and dining destinations. County Line BBQ is approximately half a mile away, Zilker Park is just 10 minutes away, the Hill Country Galleria is 15 minutes away, The Domain is 20 minutes away, and Austin-Bergstrom International Airport is about 20 minutes away. Whether you're seeking a primary residence, a lock-and-leave lifestyle, or an investment opportunity, this Westlake gem delivers location, comfort, and convenience.

At $349/sqft, this home is 11% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

702 Castle Ridge Rd #C, Austin, TX 78746

Property Details

Price $399,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths 1
Living Area 1,144 sqft
Lot Size 0.10 acres (4,181.76 sqft)
Year Built 1970
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Westlake Condo
County Travis
Zip Code 78746
$/sqft $349/sqft
Days on Market ,
HOA $385/Monthly
Annual Tax Est. $5,551.43
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232342346
List Date June 16, 2026
Elementary School Forest Trail
Middle School Hill Country
High School Westlake
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
204 Chippendale Ave
Greenwood Hills Sec 02
$399,000 $334 3 bd / 1 ba 1,196 sqft , 2026-03-29
2612 San Pedro St #112
Treehouse Condominiums
$399,000 $321 3 bd / 2 ba 1,244 sqft , 2026-02-19
11105 Avery Station Loop #25
Northwoods Avery Station Condo
$399,000 $278 2 bd / 3 ba 1,435 sqft , 2026-04-23
3110 Red River St #C-402
Sterling Crest Condo Am
$399,000 $421 2 bd / 2 ba 947 sqft , 2026-05-05
1701 Simond Ave #612
Parkside/Mueller Condos
$399,000 $459 1 bd / 1 ba 870 sqft , 2026-05-12

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
$1,915/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
$79,800
20% conventional investment loan

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

Estimated Gross Rent+$1,915
Principal + Interest−$2,178
Property Tax (~2.1% TX avg)−$698
Insurance (~0.5%)−$166
Est. Monthly Cash Flow $-1,127

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 →

Neighborhood Context

About Westlake Hills

Westlake Hills is Austin's most prestigious address. The small city of Westlake Hills sits in the hills west of Austin proper - with views of the city skyline, the Texas Hill Country, and Lake Austin visible from many properties. It is where Austin's most successful executives, entrepreneurs, and professionals choose to live.

The primary driver of Westlake's demand is Eanes ISD - consistently ranked among the top school districts in Texas and regularly appearing on national top-100 lists. Families move to Westlake specifically for Westlake High School, and the school's reputation sustains property values through every market cycle.

🎓
Eanes ISD

Westlake High School is among the top public high schools in Texas. AP course offerings, athletics, and college matriculation rates rival private schools. This is the #1 driver of Westlake real estate demand.

🏔️
Hill Country Views

Elevated terrain means many homes have panoramic views of downtown Austin's skyline, Lake Austin, and the surrounding hill country. Views add significant value and are irreplaceable.

🔒
Privacy & Security

Many Westlake properties are set back from the road on large lots, often in gated communities. The density is far lower than inside Austin proper.

⏱️
Downtown Access

Despite feeling removed, Westlake is 10 to 15 minutes from downtown Austin via MoPac. The hills buffer from city noise without sacrificing access.

Full Westlake Hills Guide →

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →