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$3,263,918

NAL Estimated Property Value

1503 Ridgecrest Dr, Austin, TX, 78746

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths3,240 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$523.15 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesOven, Convection Oven, Dishwasher, Disposal, Instant Hot Water, Microwave, Refrigerator
FlooringConcrete, Tile, See Remarks

Exterior

Private PoolPrivate Pool
Lot Size36,678 sqft

Building Information

Year Built1970
Stories2
Roof Type183
Garage Spaces2

Land Information

APN01251501070000
Lot Number5
SubdivisionWestlake Highlands
Land UseResidential
Legal DescriptionLOT 5 BLK 2 WESTLAKE HIGHLANDS
Census Tract001913
Assessed Land Value$1,417,535
Assessed Improvement Value$2,973,366
Assessment Year2025

About this property

Like a rare classic car that has been lovingly restored, this mid-century modern jewel sits atop one of Westlake's highest points & enjoys sweeping SE views. 1-story stone & glass masterpiece thoroughly renovated w/architect Leigh Hebert, w/high-quality finishes. Detached casita is 3rd bedroom, & has 2 living rooms & kitchenette, + parking pad. Main house +/- 2600 sq ft, 600ish sq ft casita. Large .8+ acre lot is low-maintenance thanks to extensive landscape design by Robert Leeper. Ample guest parking.Guest Accommodations: Yes

Investor Tools

Property Icon
$3,263,918
Estimated Property Value
$3,717,523Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$19,584 /month
Positive
Cash Flow Estimate:
$6,528 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$4,698/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$40,057
$3,263,918
2025
$1,417,535
$2,973,366
$4,390,901
No

Tax History

Year
Tax Paid
Assessed Value
2024
$40,057
$3,263,918

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$4,200,000
No
First
Sep 24, 2021
Oct 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$3,717,523
N/A
0%
114%
$16,055/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,100/mo
$16,055/mo
$-13,955/mo
0.8%

Learn About the Market: Opportunity in Austin

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Austin

Austin may be the Live Music Capital of the World, but it’s also one of America’s fastest-growing innovation hubs. Fueled by tech expansion, the University of Texas, state government, and a steady influx of new residents, Austin blends startup energy with Hill Country charm.

From downtown high-rises overlooking Lady Bird Lake to booming suburbs like Round Rock and Leander, the region attracts younger professionals, entrepreneurs, and remote workers seeking opportunity with lifestyle. Austin isn’t just growing — it’s redefining what modern Texas looks like.

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Population Growth

Population Growth

~0.4%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$555,300

Unemployment Rate

Unemployment Rate

3.20%

Price Trend

Price Trend

~0.4% YoY growth

New Permits

New Permits

2,269 units

City: Austin

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1503 Ridgecrest Dr | Property Details | No Agent List