1605 CHELSEA LANE #1 & 2, AUSTIN, TX 78704
Homes for sale in Austin.
Homes for sale in 78704.
1605 Chelsea Lane #1 & 2
Austin, TX 78704
List Price$3,450,000
Listing #4520523
4,400
Square Feet
2
Number of Units
Multi-Unit Residential
Type
About This Property
Positioned just steps from the energy of South Congress, this exceptional Travis Heights property is not just a home -- it's a proven, high-performing investment opportunity operating as an active Airbnb with two fully independent units and two private pools. Designed by award-winning architect Davey McEathron, the front residence offers striking contemporary design paired with strong rental appeal. The 5-bedroom main home features soaring ceilings, walls of glass, warm wood floors, and seamless indoor-outdoor flow that today's guests and luxury renters seek. A rooftop deck and private backyard pool create a true resort-style experience, while the spacious upstairs flex space adds versatility for larger groups. Premium upgrades -- including a whole-house generator, motorized shades, retractable awning, and EV charger -- enhance both guest comfort and long-term asset value. The detached 2-bedroom, approximately 1,100-square-foot back house is its own standalone income-producing unit, complete with a private pool and rooftop deck. Thoughtfully designed for privacy and style, it offers an ideal setup for maximizing short-term rental revenue, hosting extended stays, or providing an owner's lock-and-leave retreat while continuing to generate income from the primary residence. With two distinct units, two pools, multiple rooftop decks, and a coveted location in one of Austin's most walkable neighborhoods, this property delivers rare flexibility: operate both as short-term rentals, live in one and lease the other, or create a multi-generational compound. Just moments from parks, trails, and the dining and nightlife of South Congress, this is an extraordinary opportunity to own a turnkey, income-producing asset in an A+ location.
Open House
Saturday, Mar 7
12:00 PM - 2:00 PM
Property Features
Location Information
County
Travis
Subdivision
Travis Heights
County
Travis
Directions
From I35 west on Woodland Ave and immediate first right on Chelsea. House on right.
Area
6
Interior Features
Interior
Breakfast Bar, Built-in Features, Ceiling Fan(s), Entrance Foyer, Eat-in Kitchen, High Ceilings, Interior Steps, Multiple Living Areas, Main Level Primary, Pantry, Recessed Lighting, Track Lighting, Walk-In Closet(s)
Laundry
Main Level, Laundry Room
Primary Bedroom On Main
Yes
Disabled Features
None
Number of Fireplaces
0
Appliances
Built-In Oven, Double Oven, Dishwasher, Gas Cooktop, Disposal, Microwave, Stainless Steel Appliance(s)
Heating
Central
Total Number of Units
2
Floors
Carpet Free, Tile, Wood
Accessibility
None
Exterior Features
Style
Stucco, Wood Siding
Garage Spaces
3
Stories
2
Fencing
Fenced, Privacy, Wood
Is New Construction
No
Has a Pool
Yes
Construction/Exterior
Stucco, Wood Siding
Lot Size in Acres
0.272
Exterior
Balcony, Private Yard
Waterfront Description
None
Foundation
Slab
Has Waterfront
No
Water / Sewer
Public Sewer
Has View
No
Water
Public
View
None
Parking Description
Attached, Garage, Garage Door Opener, Garage Faces Side, Electric Vehicle Charging Station(s)
School
Elementary School District
Austin ISD
Middle School
Lively
Elementary School
Travis Hts
High School
Travis
Additional Information
Roof/Attic
Metal
APN
1605 Chelsea Lane
Other Utilities
Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available
Status
Active
Property Type
RI
Pets
Negotiable
Property SubType
Duplex
Documents Available
Building Plans, Financials
Year Built
2018
Square Feet Source
Builder
Similar Listings
Mortgage Calculator
$16,112
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$12,432
Monthly Tax
$2,875
Monthly Insurance
$805
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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