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1605 Chelsea LN 1 & 2Austin, TX 78704

For Sale

$3,450,000

Smart Buyer Rebate $34,500

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.

Listed by Kelly Ilse

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License #636820

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Compass RE Texas, LLC

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(512) 484-3663

Listed by Danielle Reali

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License #636543

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Compass RE Texas, LLC

Last updated March 16, 2026

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Source: ACTRIS #4520523

Listing Facts

  • TypeMulti-family
  • NeighborhoodTravis Heights
  • Days on Prevu13
  • Size4,400 sqft
  • Price per sqft$784

Amenities

  • Dishwasher
  • Private Outdoor Space
  • Pets Allowed
  • Air Conditioning
  • Parking
  • Swimming Pool

Location

Mortgage Calculator

Listing History

03/03/2026
Listed by Compass RE Texas, LLC
$3,450,000

Property Details for 1605 Chelsea LN 1 & 2

Association

Amenities

  • Community Features: Curbs, Dog Park, Park, Playground, Sidewalks
  • Pets Allowed: Negotiable

Exterior

Construction

  • Property Condition: Resale
  • Roof: Metal
  • Window Features: Skylight(s), Window Coverings
  • Year Built: 2018
  • Builder Name: Urban ATX
  • Construction Materials: Wood Siding, Stucco
  • Exterior Features: Balcony, Electric Car Plug-in, Private Yard

Features

  • Direction Faces: West
  • Fencing: Fenced, Privacy, Wood
  • Other Structures: Guest House
  • Patio And Porch Features: Covered, Deck, Patio
  • Pool Features: In Ground
  • Pool Private: Yes

Measurements

  • Lot Features: Curbs, Interior Lot, Level, Trees-Large (Over 40 Ft), Xeriscape
  • Lot Size Acres: 0.27
  • Lot Size Area: 0
  • Lot Size Square Feet: 11,848

Financial

Taxes

  • Parcel Number: 1605 Chelsea Lane
  • Tax Assessed Value: $2,135,830.00
  • Tax Year: 2025

Interior

Features

  • Appliances: Built-In Oven(s), Gas Cooktop, Dishwasher, Disposal, Microwave, Double Oven, Stainless Steel Appliance(s)
  • Flooring: No Carpet, Tile, Wood
  • Interior Features: Breakfast Bar, Built-in Features, Ceiling Fan(s), High Ceilings, Eat-in Kitchen, Entrance Foyer, Interior Steps, Multiple Living Areas, Pantry, Primary Bedroom On Main, Recessed Lighting, Track Lighting, Walk-In Closet(s)

Measurements

  • Living Area: 4,400
  • Living Area Source: Builder

Other

Location

  • Subdivision Name: Travis Heights
  • Tax Lot: 1

Parking

Parking

  • Attached Garage: Yes
  • Covered Spaces: 3
  • Garage Spaces: 3
  • Garage: Yes
  • Parking Features: Attached, Garage, Garage Door Opener, Garage Faces Side

Schools

Elementary School

  • Elementary School: Travis Hts
  • Elementary School District: Austin ISD

High School

  • High School: Travis
  • High School District: Austin ISD

Middle or Junior School

  • Middle Or Junior School: Lively
  • Middle Or Junior School District: Austin ISD

Utilities

Equipment

  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Internet-Cable, Natural Gas Available
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 1605 Chelsea LN 1 & 2.

What schools are nearby to 1605 Chelsea LN 1 & 2?

Nearby schools include the Travis Hts Elementary School, Lively Middle School, and Travis High School.

Does this multi-family home have parking?

Yes, there are 3 parking spaces available for 1605 Chelsea LN 1 & 2.

How does 1605 Chelsea LN 1 & 2 compare to other multi-family homes in Travis Heights?

This multi-family home is listed 163% above the average price for multi-family homes in Travis Heights and has been on the market for 64 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 4,400 sqft.

1605 Chelsea LN 1 & 2 is a -bedroom multi-family home for sale in Austin TX 78704. Available on Prevu for 13 days at $3,450,000. This property features 4,400 square feet of living space, located in Travis Heights. The median listing price for multi-family homes in this area is $1,270,000. Nearby schools include Travis Hts Elementary School, Lively Middle School, and Travis High School. Additional amenities include private outdoor space, dishwasher, pets allowed, air conditioning, parking, and swimming pool. Explore more multi-family home listings in Austin.

Based on information from ACTRIS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.