Active Listing  ·  145 days on market

7211 Lakewood Dr #G124

Austin, TX 78750
$399,900
3 Bed 2 Bath 1,410 sqft $284/sqft Built 1983 0.15 acres 2-Car Garage Pool Lakewood Condo Amd

Thoughtfully maintained condo in the desirable Lakewood community offers comfort, functionality, and low maintenance living. With 2 spacious bedrooms featuring attached bathrooms plus a generously sized loft, the layout lives much larger than expected.

The kitchen offers ample storage, newer appliances, refreshed cabinetry, and an open connection to the living and dining areas, creating an easy flow for everyday living and entertaining. Recent improvements throughout the home include new flooring, fresh interior paint, updated lighting, and enhancements to the loft space, adding warmth and an inviting feel throughout.

Designer plantation shutters, wood flooring, and tile throughout the main living areas add character, while a private outdoor space provides room to relax or entertain. The spacious primary suite features a large walk in closet and direct access to your private patio retreat.

Additional recent upgrades include a new HVAC system with air purification and a brand new water heater for added comfort and peace of mind. HOA fees include water, common area maintenance, and access to the Lakewood community pool and playground.

At $284/sqft, this home is 27% 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

7211 Lakewood Dr #G124, Austin, TX 78750

Property Details

Price $399,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,410 sqft
Lot Size 0.15 acres (6,333.62 sqft)
Year Built 1983
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Lakewood Condo Amd
County Travis
Zip Code 78750
$/sqft $284/sqft
Days on Market ,
HOA $375/Monthly
Annual Tax Est. $8,029.2
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT222223713
List Date March 12, 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
2308 Montague St
Eastwood At Riverside
$399,900 $211 3 bd / 3 ba 1,898 sqft , 2026-03-05
2605 Enfield Rd #221
Enfield Twnhms
$399,900 $389 2 bd / 3 ba 1,028 sqft , 2026-04-21
6800 Menchaca Rd #13
Soma Village Condos
$399,900 $259 2 bd / 3 ba 1,542 sqft , 2026-04-21
6902 Notre Dame Dr
University Hills Sec 1
$399,900 $316 3 bd / 2 ba 1,265 sqft , 2026-05-08
7609 Crystalbrook Dr W
Northridge Park Sec 01
$399,900 $392 3 bd / 2 ba 1,020 sqft , 2026-05-13

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
$1,920/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
$79,980
20% conventional investment loan

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

Estimated Gross Rent+$1,920
Principal + Interest−$2,182
Property Tax (~2.1% TX avg)−$700
Insurance (~0.5%)−$167
Est. Monthly Cash Flow $-1,129

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →