Active Listing  ·  9 days on market

7205 Waldon Dr #N208

Austin, TX 78750
$349,500
3 Bed 2 Bath 1,407 sqft $248/sqft Built 1983 0.35 acres 1-Car Garage Pool Lakewood Condo Amd

Huge Price Drop! Fantastic Opportunity in the Coveted Lakewood Community Discover quiet suburban living with vibrant urban amenities right at your doorstep in this charming 2-bedroom, 2-bath home w/ a spacious loft (perfect as a third bedroom or home office) in the desirable Lakewood community. This 1,407 sq ft residence blends serene Hill Country charm with unbeatable convenience—just 10 minutes to Downtown Austin or The Domain. Owner paying for Home Warranty. Recently reduced by over $25K, this home is now priced to sell & represents a fantastic opportunity to own in one of Austin’s most convenient, family-friendly neighborhoods. Priced to move quickly, it’s brimming w/ potential for buyers ready to make it their own. Step inside to granite countertops and sleek vinyl wood flooring flowing through a bright, open-concept living, dining, and kitchen space. The versatile loft adds valuable flexibility for work, guests, or family. Mature trees frame a private front & back yard oasis—ideal for morning coffee or evening gatherings—while the 2-car attached garage provides everyday convenience and storage. The Lakewood community delivers resort-style amenities including a sparkling pool, tennis courts, & clubhouse, creating an active and social lifestyle without leaving home. Location is exceptional: minutes from Bull Creek, Lake Austin, Lake Travis, and top golf courses, making it an outdoor lover’s dream and a city dweller’s delight. Top-rated Austin ISD schools . Enjoy easy access to Trader Joe’s & Whole Foods, plus local favorites like Marvelous Cat Market & Deli, Zakia’s Greek Cuisine, Red Lotus for authentic Chinese, & coffee at Lotsa Shimmer just 0.29 miles away. This is your chance to secure a versatile home in a prime location at an exceptional price point. Don’t miss out—schedule your tour today & turn this inspiring space into your forever home!

At $248/sqft, this home is 37% 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

7205 Waldon Dr #N208, Austin, TX 78750

Property Details

Price $349,500
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,407 sqft
Lot Size 0.35 acres (15,354.9 sqft)
Year Built 1983
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Lakewood Condo Amd
County Travis
Zip Code 78750
$/sqft $248/sqft
Days on Market ,
HOA $375/Monthly
Annual Tax Est. $8,914.35
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246812390
List Date September 14, 2026
Elementary School Hill
Middle School Murchison
High School Anderson
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
7211 Lakewood Dr #C111
Lakewood Condo Amd
$339,900 $298 2 bd / 2 ba 1,141 sqft , 2026-03-05
6000 Shepherd Mountain Cv #1312
Montevista Condo Ph 02 Amd
$338,500 $339 2 bd / 2 ba 999 sqft , 2026-06-10
6000 Shepherd Mountain Cv #618
Montevista Condominium Community
$375,000 $326 2 bd / 2 ba 1,150 sqft , 2026-05-21
7211 Lakewood Dr #E118
Lakewood Condo Amd
$385,000 $342 2 bd / 2 ba 1,127 sqft , 2025-10-24
6000 Shepherd Mountain Cv #1501
Montevista Condo Ph 03 Amd
$299,900 $300 2 bd / 2 ba 999 sqft , 2026-09-10

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
$1,678/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
$69,900
20% conventional investment loan

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

Estimated Gross Rent+$1,678
Principal + Interest−$1,907
Property Tax (~2.1% TX avg)−$612
Insurance (~0.5%)−$146
Est. Monthly Cash Flow $-987

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 18, 2026.

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