Active Listing  ·  138 days on market

1201 Southport Dr #D

Austin, TX 78704
$325,000
2 Bed 2 Bath 861 sqft $377/sqft Built 1981 0.19 acres Pool Southridge Sec 06

**Low down seller financing options available**

Welcome to The Residences at Southport, a collection of new condos designed with clean lines, practical and consistent layouts, and finishes that make everyday living easy. These homes offer low maintenance living in one of South Austin’s most desirable areas without unnecessary upkeep or complexity.

All four units feature the same thoughtfully designed floor plan. Two showcase a blue design palette, and two offer a green design. See the website for full details.

Each unit includes brand new cabinets, a full set of new kitchen appliances, a new washer and dryer, updated light fixtures, and durable LVP flooring throughout. Units offer either a private yard or access to a shared yard, providing usable outdoor space depending on the unit.

This is a great opportunity to own a high quality home at an accessible price point in a central South Austin location.

Located in 78704, you’ll be just minutes from some of South Austin’s most popular spots. Grab coffee at Radio or Cosmic, meet friends at Pinthouse Pizza, or enjoy live music at the iconic Broken Spoke. Nearby staples like Matt’s El Rancho, St. Edward’s University, and St. David’s South Austin Hospital add to the area’s convenience.

Furniture is negotiable, allowing for a smooth and flexible move in experience. Whether you're looking for a primary residence or a low maintenance place to call home, this property offers comfort, value, and a location that can provide a lifestyle you’ll love.

At $377/sqft, this home is 4% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1201 Southport Dr #D, Austin, TX 78704

Property Details

Price $325,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths 1
Living Area 861 sqft
Lot Size 0.19 acres (8,293.82 sqft)
Year Built 1981
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Southridge Sec 06
County Travis
Zip Code 78704
$/sqft $377/sqft
Days on Market ,
HOA $210/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT206247841
List Date March 19, 2026
Elementary School Galindo
Middle School Lively
High School Travis
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.

Schedule a Call →

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
1807 Poquito St #32
Willow Branch Lofts
$325,000 $377 2 bd / 2 ba 863 sqft , 2025-07-27
4510 Terry O Ln #207
Station at St Elmo Condos
$325,000 $377 1 bd / 1 ba 861 sqft , 2026-03-12
1041 Rosemont St
Claircrest
$325,000 $306 3 bd / 2 ba 1,063 sqft , 2026-02-27
7007 Colony Loop Dr
Meadows Walnut Creek Sec 05
$325,000 $301 3 bd / 2 ba 1,080 sqft , 2025-09-26
1900 Barton Springs Rd #2003
ZILKR ON THE PARK
$325,000 $480 1 bd / 1 ba 677 sqft , 2026-03-02

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
$1,560/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
$65,000
20% conventional investment loan

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

Estimated Gross Rent+$1,560
Principal + Interest−$1,774
Property Tax (~2.1% TX avg)−$569
Insurance (~0.5%)−$135
Est. Monthly Cash Flow $-918

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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