Active Listing  ·  14 days on market

1509 Ridgemont Dr

Austin, TX 78723
$425,000
3 Bed 1 Bath 1,108 sqft $384/sqft Built 1954 0.20 acres Pool Windsor Park

Quintessential Windsor Park, right in the sweet spot of the neighborhood. 1509 Ridgemont is tucked into the best pocket. Quiet, tree-lined residential streets surrounded by the mid-century homes that give this part of Austin so much character, while still being incredibly close to Downtown, Manor Road, UT, Mueller, Lake Park, and the Texas Farmers’ Market.

Set on a generous lot with mature pecan trees shading the backyard, the home is ready for someone to bring their vision to life. Double-pane windows, a 2023 HVAC system, plenty of kitchen space, a covered carport, and additional storage are already in place, while the home's character and simplicity leave plenty of room to make it entirely your own.

This is the part of Windsor Park people love: morning walks through beautiful residential blocks, neighbors who know each other, and an easy sense of community that has been established over decades. Grab brunch at Hank's, spend Saturday morning at the farmers market, head to Bartholomew Park for a swim or disc golf, or enjoy Mueller's parks, trails, restaurants, shops, the Thinkery, and Mueller Lake Park just minutes away.

You're also only minutes from UT and downtown, but when you're home, it feels tucked away from it all. Established Austin charm, an architecturally fantastic neighborhood, a great lot, and the opportunity to live in one of Central Austin's best neighborhoods.

At $384/sqft, this home is 2% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1509 Ridgemont Dr, Austin, TX 78723

Property Details

Price $425,000
Status Active Listing
Beds 3
Full Baths 1
Half Baths ,
Living Area 1,108 sqft
Lot Size 0.20 acres (8,742.49 sqft)
Year Built 1954
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Windsor Park
County Travis
Zip Code 78723
$/sqft $384/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,109.05
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT247230727
List Date September 24, 2026
Elementary School Blanton
Middle School Lamar (Austin ISD)
High School Northeast Early College
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
1302 Bentwood Rd
Delwood Sec 02
$425,000 $389 3 bd / 1 ba 1,092 sqft , 2026-09-29
5605 Overbrook Dr
Manor Hills Sec 03
$430,000 $315 3 bd / 2 ba 1,367 sqft , 2025-10-23
5307 Harmon Ave #2
Northvale Sec 02
$415,000 $381 2 bd / 2 ba 1,088 sqft , 2026-09-23
2713 Sweeney Ln
Royal Oak Estates Sec 05
$435,000 $332 2 bd / 1 ba 1,312 sqft , 2026-06-10
1612 Broadmoor Dr
Windsor Park
$409,000 $316 3 bd / 1 ba 1,296 sqft , 2026-09-11

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
$2,040/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
$85,000
20% conventional investment loan

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

Estimated Gross Rent+$2,040
Principal + Interest−$2,319
Property Tax (~2.1% TX avg)−$744
Insurance (~0.5%)−$177
Est. Monthly Cash Flow $-1,200

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 25, 2026.

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