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1605 Chelsea Ln 1 & 2
Austin TX 78704 US

$3,250,000

Active Listing ID 4520523
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7 bed
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7.00 Bath (5 Full , 2 Half)
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Lot: 0.27 Acres
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Other

$3,250,000

Active Listing ID 4520523
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1605 Chelsea Ln 1 & 2 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.

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Property Features

  • Facts
  • Lot Size: 0.27 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 5
  • 1/2 Bathrooms: 2
  • Cooling System: Central Air
  • Exterior Finish: Balcony, Electric Car Plug-in, Private Yard
  • Floor Covering: Wood, Tile
  • Roof Type: Metal
  • Heating Fuels: Central
  • Additional Features
  • Patio
  • Pool

School Information

  • School
  • Travis Hts(Elementary)
  • Lively(MiddleSchool)
  • Travis(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 3250000
  • unparsedaddress: 1605 Chelsea Ln
  • unitnumber: 1 & 2
  • postalcity: Austin
  • stateorprovince: TX
  • country: US
  • postalcode: 78704
  • bathroomsfull: 5
  • bathroomshalf: 2
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.272
  • lotsizeunits: Acres
  • lotsizearea: 0.272
  • livingarea: 4400
  • livingareaunits: Square Feet
  • latitude: 30.24259655
  • longitude: -97.73874422
  • listagentfullname: Kelly Ilse
  • listagentemail: kilse@compass.com
  • listagentkey: 3yd-ABORTX-636820
  • listagentmlsid: 636820
  • listagentpreferredphone: 5124843663
  • listagentofficephone: 5124843663
  • listofficekey: 3yd-ABORTX-700459
  • listofficemlsid: 700459
  • disclaimer: Copyright © 2026 Unlock MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: ABORTX
  • yearbuilt: 2018
  • listingcontractdate: 2026-03-03
  • listagentfax: 5124843663
  • listagenturl: https://www.compass.com/
  • countyorparish: Travis
  • parcelnumber: 1605 Chelsea Lane
  • elementaryschool: Travis Hts
  • highschool: Travis
  • elementaryschooldistrict: Austin ISD
  • middleorjuniorschooldistrict: Austin ISD
  • highschooldistrict: Austin ISD
  • appliances: Built-In Oven(s), Gas Cooktop, Dishwasher, Disposal, Microwave, Double Oven, Stainless Steel Appliance(s)
  • cooling: Central Air
  • constructionmaterials: Wood Siding, Stucco
  • flooring: Wood, Tile
  • heating: Central
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • parkingfeatures: Garage, Open
  • roof: Metal
  • waterfrontyn: False
  • franchiseaffiliation: None
  • interiorfeatures: Breakfast Bar, Built-in Features, Ceiling Fan(s), Ceiling-High, Eat-in Kitchen, Entrance Foyer, Interior Steps, Multiple Living Areas, Pantry, Primary Bedroom on Main, Recessed Lighting, Track Lighting, Walk-In Closet(s)
  • exteriorfeatures: Balcony, Electric Car Plug-in, Private Yard
  • windowfeatures: Window Coverings, Skylight(s)
  • rooms: Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 7, Bedroom 5, Dining Room, Bathroom 2, Bathroom 4, Bathroom 1, Bedroom 6, Bathroom 5, Bedroom 1, Bathroom 3, Bathroom 6, Laundry Room, Bathroom 7
  • otherstructures: Guest House
  • utilities: Natural Gas Available
  • patioandporchfeatures: Patio, Deck
  • speciallistingconditions: Standard
  • dock: False
  • poolprivateyn: True
  • spayn: False
  • fencing: Fenced, Privacy
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -97.73875, 30.242596
  • openhouse: { "AppointmentRequiredYN": false, "ListingKey": "3yd-ABORTX-4520523", "OpenHouseEndTime": "2026-03-07 14:00:00", "OpenHouseId": "2021439", "OpenHouseRemarks": null, "OpenHouseStartTime": "2026-03-07 12:00:00", "OpenHouseType": null, "VirtualOpenHouseURL": null }
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Compass RE Texas, LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"kilse@compass.com", "ListBrokerageCity":"Austin", "ListBrokerageCountry":"US", "ListBrokerageEmail":"Support@Compass.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Compass RE Texas, LLC", "ListBrokeragePhone":"(214) 814-8100", "ListBrokeragePostalCode":"78704", "ListBrokerageStateOrProvince":"TX", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"801 Barton Springs Rd.", "ListBrokerageWebsiteUrl":"https://www.compass.com/", "ListOfficeAddress1":"2500 Bee Caves Road Building 3, Suite 200", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"700459", "ListOfficeCity":"Austin", "ListOfficeCountry":"US", "ListOfficeEmail":"Support@Compass.com", "ListOfficePostalCode":"78746", "ListOfficeStateOrProvince":"TX", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Austin, TX", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1605-Chelsea-Ln-Unit-1_Austin_TX_78704_M80828-92103?f=listhub&s=ABORTX&m=4520523&c=rexren", "MLSModificationTimestamp":"2026-04-20 18:28:09", "Neighborhoods":[{"Description":null, "Name":"Travis Heights"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":null, "TaxDescription":"03020309020000", "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 4/20/2026 6:36:25 PM GMT
Source Updated Date: 4/27/2026 12:41:47 PM GMT

Courtesy of: Kelly Ilse, Compass RE Texas, LLC, kilse@compass.com

Copyright © 2026 Unlock MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.