1605 CHELSEA LANE #1 & 2, AUSTIN, TX 78704

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Homes for sale in 78704.


1605 Chelsea Lane #1 & 2

Austin, TX 78704

Active
Open House

List Price$3,450,000

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

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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