ActiveResidential · sale

1603 Falcon Ledge Dr

Austin, TX 78746

$2,150,000

  • 4 beds
  • 4 baths
  • 3,554 sq ft
  • 0.39 acres
  • Built 1984

Listed by Compass RE Texas, LLC · MLS #ACT2882816

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1603 Falcon Ledge Dr, Austin, TX 78746 · MLS #ACT2882816

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A FEW THINGS TO NOTICE

What stands out.

Additional spaces

One guest suite enjoys a private bath.

Living spaces

The home offers generous living areas, dining spaces and an open-concept kitchen and family room that flow seamlessly to the backyard.

Details worth a look

The owner’s suite is a true retreat with tall ceilings, abundant natural light and an oversized covered balcony.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Set on an exceptional .40-acre corner lot along one of Lost Creek’s most coveted, low-traffic streets, 1603 Falcon Ledge is a designer-owned residence where thoughtful renovation, elevated finishes and effortless livability come together beautifully. Originally built in 1984, the home underwent such an extensive renovation in 2018 that State Farm recognizes it as a 2018 build, reflecting the remarkable scope of the transformation. Every detail was carefully considered, from distinctive tile selections and polished nickel sconces to custom cabinetry and beautifully curated finishes throughout. The home offers generous living areas, dining spaces and an open-concept kitchen and family room that flow seamlessly to the backyard. Expansive windows fill the interiors with natural light, while a main-level office offers floor plan flexibility. At the heart of the home, the gourmet kitchen pairs style with serious functionality. A commercial-style ZLINE range includes 6 gas burners, a griddle and dual ovens, complemented by a built-in Thermador refrigerator, wine refrigerator and microwave drawer. Soft-close cabinetry, abundant storage and thoughtfully planned workspaces make the kitchen ideal for both cooking and entertaining. A grand staircase leads upstairs to 4 spacious bedrooms and 3 full baths. One guest suite enjoys a private bath. The owner’s suite is a true retreat with tall ceilings, abundant natural light and an oversized covered balcony. The spa-inspired bath features dual vanities and a freestanding soaking tub. Outside, the large corner lot has been enhanced with new sod and wrought-iron fencing, creating the perfect backyard for pets, play and entertaining. Lost Creek residents enjoy convenient access to parks, green spaces, trails, outdoor recreation and Westlake Country Club, while Loop 360 provides easy connectivity to downtown Austin, Barton Creek and Westlake shopping and dining. Zoned to Eanes ISD schools: Forest Trail, West Ridge and Westlake High.

THE NEIGHBORHOOD

Explore the location.

1603 Falcon Ledge Dr, Austin, TX 78746

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LOCAL MARKET CONTEXT

Travis County housing market

See the broader conditions surrounding this property through ERA Brokers Consolidated research.

12-month price trend$505,893Down 1.5% vs. the previous 12 months
Months of supply5.612-month average
Days on market8412-month weighted average

These figures describe the broader reporting area and do not determine this property’s value, condition, availability, or likely sale price.

THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1984
Full baths
3
Half baths
1
Garage spaces
2
Cooling
Central Air, Electric
Heating
Central, Natural Gas
Appliances
Dishwasher, Disposal, Gas Range, Microwave, Range
Flooring
Carpet, Tile, Wood
Fencing
Back Yard, Wood, Wrought Iron
Accessibility
None
Pool features
None
Subdivision
Lost Creek Sec 03-A
Parcel
01132805030000
HOA
LCNA
HOA amenities
See Remarks
HOA fee frequency
Annually
Elementary school
Forest Trail
Middle school
West Ridge
High school
Westlake
HOA fee
$80.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$8,958.33
Cap rate

Annual operating income:

HOA: Includes $6.67 per month in HOA dues, converted from the $80.00 annual fee reported by the listing source.

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Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
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Listing information

MLS #ACT2882816 · Austin Board of Realtors

Listing brokerage: Compass RE Texas, LLC
Listing agent: Heather Hudson

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.