Active Listing  ·  22 days on market

1201 Grove Blvd #702

Austin, TX 78741
$244,900
2 Bed 2 Bath 993 sqft $247/sqft Built 2005 0.07 acres 1-Car Garage Pool Boulevard A Condo Amd

New carpet, new laminate, and new price! This place is now officially a turn-key steal! Built by innovative architecture firm, Andersson Wise, in 2005, the Boulevard Condominium project was conceived and built as an Austin Energy 3-Star Green Rated condominium affordable housing community of 120 individually owned units in southeast Austin, walkable to Roy G Guerrero Park and Disc Golf, across from Riverside Golf Course & Austin Community College Riverside. This unit has been updated with laminate floors downstairs, new tile bathroom floors, white quartz counters in kitchen and baths, a stylish tile backsplash in the kitchen, new HVAC in 2021. The unit has a one-car attached garage and one reserved space, with an additional space just outside the front door. The complex offers a community pool, currently being improved, and a community room that is available for reservations by owners. Only 10 minutes to downtown ATX & AUS airport. 5 minutes east of I-35, north of 71, and west of 183 makes for easy access to main thoroughfares.

At $247/sqft, this home is 37% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1201 Grove Blvd #702, Austin, TX 78741

Property Details

Price $244,900
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 993 sqft
Lot Size 0.07 acres (3,049.2 sqft)
Year Built 2005
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Boulevard A Condo Amd
County Travis
Zip Code 78741
$/sqft $247/sqft
Days on Market ,
HOA $248/Monthly
Annual Tax Est. $6,400.68
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245347025
List Date September 1, 2026
Elementary School Baty
Middle School Ojeda
High School Del Valle
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
1827 River Crossing Cir #C
River Crossing Condo
$245,000 $223 2 bd / 3 ba 1,100 sqft , 2026-01-07
7608 Cayenne Ln
Riverside Meadows Sec 02
$245,000 $204 3 bd / 2 ba 1,203 sqft , 2026-06-22
6026 Bluebell Cir
Country Club Gardens Sec 07
$261,500 $283 3 bd / 1 ba 925 sqft , 2026-08-21
6900 E Riverside Dr #31
Arbors At Riverside Condo The
$270,000 $206 2 bd / 3 ba 1,312 sqft , 2026-06-23
6900 E Riverside Dr #12
Arbors At Riverside Condo The
$275,000 $210 2 bd / 3 ba 1,312 sqft , 2026-06-01

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
$1,176/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
$48,980
20% conventional investment loan

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

Estimated Gross Rent+$1,176
Principal + Interest−$1,337
Property Tax (~2.1% TX avg)−$429
Insurance (~0.5%)−$102
Est. Monthly Cash Flow $-692

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 20, 2026.

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