Active Listing  ·  1 day on market

1122 Colorado St #1004

Austin, TX 78701
$1,295,000
2 Bed 2 Bath 2,165 sqft $598/sqft Built 1965 0.01 acres 1-Car Garage Pool Westgate Condo Amd

A distinguished downtown Austin residence where sophisticated design and effortless luxury come together. An inviting open-concept layout creates a seamless flow between the living, dining, and kitchen spaces, while expansive windows fill the home with natural light and frame impressive views. The thoughtfully designed interior showcases a refined aesthetic ideal for both everyday living and elegant entertaining. Ideally positioned near Austin’s vibrant downtown, premier dining, entertainment, cultural destinations, and outdoor amenities, this residence delivers the coveted lock-and-leave lifestyle in an enviable setting. A rare opportunity to experience luxury, convenience, and modern city living from an elevated vantage point.

At $598/sqft, this home is priced 53% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1122 Colorado St #1004, Austin, TX 78701

Property Details

Price $1,295,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 2,165 sqft
Lot Size 0.01 acres (535.79 sqft)
Year Built 1965
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Westgate Condo Amd
County Travis
Zip Code 78701
$/sqft $598/sqft
Days on Market ,
HOA $2,731/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT247363141
List Date September 21, 2026
Elementary School Mathews
Middle School O Henry
High School Austin
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
300 Bowie St #4101
Spring Condo Amd
$1,275,000 $782 3 bd / 3 ba 1,631 sqft , 2026-05-05
800 W 5th St #1104
Austin City Lofts Amd
$1,269,000 $573 2 bd / 2 ba 2,215 sqft , 2026-01-28
1010 W 10th St #302
W 10th Condo
$1,325,000 $638 3 bd / 3 ba 2,077 sqft , 2026-08-12
205 Medina St #1
SHELLEY N G SUBD
$1,250,000 $754 3 bd / 3 ba 1,657 sqft , 2025-10-10
1111 W 12th St #107
Condominium De Saligny Amd
$1,345,000 $845 2 bd / 3 ba 1,592 sqft , 2026-09-10

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$6,216/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$259,000
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$6,216
Principal + Interest−$7,067
Property Tax (~2.1% TX avg)−$2,266
Insurance (~0.5%)−$540
Est. Monthly Cash Flow $-3,657

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on September 22, 2026.

📞 (254) 718-2567 [email protected] More about Luke →