Active Listing  ·  15 days on market

1621 Wheless Ln

Austin, TX 78723
$439,000
3 Bed 2 Bath 1,572 sqft $279/sqft Built 1963 0.21 acres 1-Car Garage Pool Colonial Hills Sec 03

Set within the sought-after Windsor Park neighborhood, this charming single-story residence showcases timeless curb appeal featuring a classic stone facade, white shutters, manicured landscaping, and attached garage parking.

Inside, an open-concept interior unfolds with abundant natural lighting, crisp neutral walls, sleek crown molding, and continuous tiled flooring throughout the main gathering areas. The light-filled living room seamlessly transitions into a spacious dining area and kitchen equipped with granite countertops, rich wood cabinetry, stainless steel appliances, and a practical central prep island. Glass sliding doors off the dining space open directly to an expansive covered patio, making outdoor dining and seamless indoor-outdoor hosting effortless.

The home offers three comfortable bedrooms, highlighted by plush neutral carpeting and ceiling fans for everyday comfort. Two full bathrooms provide stylish functionality, including a primary ensuite complete with a tiled walk-in shower and vertical subway tile accents. The secondary bath boasts a granite vanity countertop and full tile tub surround.

Out back, an expansive backyard serves as a private oasis under a canopy of mature shade trees, complete with a covered patio dining space and dedicated fire pit area perfect for evening gatherings.

Colonial Hills offers an inviting neighborhood feel with convenient access to nearby parks, local dining, regional shopping hubs, and major commuter routes, making day-to-day travel and weekend recreation a breeze. Perfect location with fast access to I-35, 183, and highway 290. Imagine living minutes from Mueller, downtown, The Domain, and UT! Bring your vision to an exceptional opportunity in the desirable 78723—worth a closer look as an SF-3 zoned property!

For more info, go to: https://wkf.ms/4bSvpyi

At $279/sqft, this home is 29% 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

1621 Wheless Ln, Austin, TX 78723

Property Details

Price $439,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,572 sqft
Lot Size 0.21 acres (9,104.04 sqft)
Year Built 1963
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Colonial Hills Sec 03
County Travis
Zip Code 78723
$/sqft $279/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242925272
List Date October 8, 2026
Elementary School Harris
Middle School Bertha Sadler Means
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
2713 Sweeney Ln
Royal Oak Estates Sec 05
$435,000 $332 2 bd / 1 ba 1,312 sqft , 2026-06-10
6409 Berkman Dr #6
Skyline on Berkman
$444,900 $309 3 bd / 3 ba 1,441 sqft , 2026-06-25
1400 Westmoor Dr
Windsor Park
$465,000 $447 3 bd / 2 ba 1,040 sqft , 2026-09-19
7310 Carver Ave #2
Carver
$468,000 $305 3 bd / 3 ba 1,535 sqft , 2026-07-02
1418 Larkwood Dr
Delwood 04 Sec B
$469,000 $366 3 bd / 1 ba 1,282 sqft , 2026-08-31

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
$2,107/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
$87,800
20% conventional investment loan

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

Estimated Gross Rent+$2,107
Principal + Interest−$2,396
Property Tax (~2.1% TX avg)−$768
Insurance (~0.5%)−$183
Est. Monthly Cash Flow $-1,240

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 October 13, 2026.

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