Active Listing  ·  7 days on market

2503 Lehigh Dr

Austin, TX 78723
$769,999
5 Bed 4 Bath 2,696 sqft $286/sqft Built 2005 0.40 acres Pool University Hills Sec 02 Ph 05

Fully remodeled and move-in ready, 2503 Lehigh Drive offers a rare opportunity to own a beautifully updated home inone of East Austin’s most vibrant and convenient neighborhoods. The thoughtfully redesigned layout combines modernfinishes with comfortable living spaces, creating an ideal environment for families seeking both style and functionality.Recent improvements include a brand new deck and pool, perfect for entertaining, relaxing weekends, and creatinglasting memories with family and friends. Durable, high-quality materials throughout the home provide long-termvalue and ease of maintenance, making day-to-day living effortless. Located near some of East Austin’s most populardining, parks, and entertainment destinations, the home offers the perfect balance of accessibility and neighborhoodcharm. The flexible floor plan provides space for gatherings, work-from-home needs, or guest accommodations,allowing the home to adapt to a variety of lifestyles. With its blend of modern design, outdoor living features, andprime location in a rapidly growing area, 2503 Lehigh Drive is an exceptional opportunity for buyers looking for astylish, turnkey home in the heart of East Austin. The photos have been virtually staged to help illustrate the home’sscale, layout, and design possibilities.

At $286/sqft, this home is 27% 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

2503 Lehigh Dr, Austin, TX 78723

Property Details

Price $769,999
Status Active Listing
Beds 5
Full Baths 4
Half Baths ,
Living Area 2,696 sqft
Lot Size 0.40 acres (17,480.63 sqft)
Year Built 2005
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision University Hills Sec 02 Ph 05
County Travis
Zip Code 78723
$/sqft $286/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $11,202.6
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243731556
List Date August 17, 2026
Elementary School Andrews
Middle School Webb
High School Lyndon B Johnson (Austin ISD)
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 · August 17, 2026 $774,999
Current ask $769,999
Reduced $5,000 (-0.6%) 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
3305 Hycreek Dr
Cherrylawn Sec 06
$730,000 $324 4 bd / 4 ba 2,254 sqft , 2026-06-25
6905 Drexel Dr
Dunbarton Oaks
$725,000 $315 5 bd / 4 ba 2,300 sqft , 2026-07-24
2006 Wheless Ln
Windsor Park 02 Sec 01
$724,500 $392 4 bd / 3 ba 1,850 sqft , 2026-08-14
6313 Bristol Cir #1
Highlands/University Hills
$700,000 $326 4 bd / 4 ba 2,150 sqft , 2026-08-19
5501 Coventry Ln
Royal Oak Estates Sec 01
$699,000 $338 5 bd / 2 ba 2,070 sqft , 2026-07-17

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
$3,696/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
$154,000
20% conventional investment loan

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

Estimated Gross Rent+$3,696
Principal + Interest−$4,202
Property Tax (~2.1% TX avg)−$1,347
Insurance (~0.5%)−$321
Est. Monthly Cash Flow $-2,174

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 August 18, 2026.

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