Active Listing  ·  202 days on market

7211 Lakewood Dr #C111

Austin, TX 78750
$339,900
2 Bed 2 Bath 1,141 sqft $298/sqft Built 1983 0.12 acres 2-Car Garage Pool Lakewood Condo Amd

Set within the Lakewood Condominium community in Northwest Austin, this single-level two-bedroom, two-bath residence offers 1,141 square feet (per TCAD) with first-floor entry and direct access to a two-car garage . Positioned backing to a park/greenbelt, the unit combines privacy with proximity to community amenities.

The recently remodeled interior presents an open floor-plan with vaulted and high ceilings, recessed lighting, and no interior steps. A masonry fireplace anchors the living room, while laminate and tile flooring provide a clean, cohesive finish throughout . The kitchen features quartz and stone counters, breakfast bar seating, pantry storage, and stainless appliances including electric range, microwave, dishwasher, refrigerator, and washer/dryer. Both bedrooms are located on the main level, each served by a full bath, with walk-in closets and updated vanities visible in the primary suite. Outdoor living extends to an uncovered courtyard and deck, with fencing along the rear yard and greenbelt backdrop. Residents enjoy access to a pool, clubhouse, sport courts, tennis courts, picnic areas, playground, and maintained common grounds through the HOA. Constructed in 1983 with brick and HardiPlank exterior, this updated property offers a practical, lock-and-leave option in an established Northwest Austin setting. Prime central-northwest location near Loop 360 and Mopac, 15–25 minutes to downtown; 20–35 minutes to Austin-Bergstrom International Airport, minutes to shopping: H-E-B, Whole Foods, Target, Home Depot and local markets. Quick access to major corridors for a smooth commute. Family-friendly neighborhood with parks, trails, and amenities nearby.

At $298/sqft, this home is 24% 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

7211 Lakewood Dr #C111, Austin, TX 78750

Property Details

Price $339,900
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,141 sqft
Lot Size 0.12 acres (5,279.47 sqft)
Year Built 1983
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Lakewood Condo Amd
County Travis
Zip Code 78750
$/sqft $298/sqft
Days on Market ,
HOA $375/Monthly
Annual Tax Est. $6,458.85
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT220517485
List Date March 5, 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.

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · March 5, 2026 $403,000
Previous ask $352,000
Current ask $339,900
Reduced $63,100 (-15.7%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
6000 Shepherd Mountain Cv #1312
Montevista Condo Ph 02 Amd
$338,500 $339 2 bd / 2 ba 999 sqft , 2026-06-10
7205 Waldon Dr #N208
Lakewood Condo Amd
$349,500 $248 3 bd / 2 ba 1,407 sqft , 2026-09-14
6000 Shepherd Mountain Cv #1112
Montevista Condo Ph 01 Amd
$350,000 $304 2 bd / 2 ba 1,150 sqft , 2026-07-08
6000 Shepherd Mountain Cv #618
Montevista Condominium Community
$375,000 $326 2 bd / 2 ba 1,150 sqft , 2026-05-21
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
$1,632/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
$67,980
20% conventional investment loan

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

Estimated Gross Rent+$1,632
Principal + Interest−$1,855
Property Tax (~2.1% TX avg)−$595
Insurance (~0.5%)−$142
Est. Monthly Cash Flow $-960

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 →