About This Home

Steps from Barton Springs where you can easily take your paddleboard, and walkable to the legendary South Lamar dining, this high-demand submarket asset is uniquely positioned to capture peak ADR and exceptional occupancy premiums. INVESTOR ALERT: High-yield asset in Austin's premier urban lifestyle (78704). Located in Zilker Flats—offering walking distance to Zilker Park with an unrestricted short-term rental covenant—this modern, low-maintenance unit underwent an extensive renovation in 2022. A two-story floor plan featuring 1 bedroom, 1.5 bathrooms, stainless steel appliances and a light-filled interior. Complete with 2 reserved parking spaces, this property is optimized for maximum cash flow and immediate platform onboarding.

At $445/sqft, this home is priced 14% 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

1206 Hollow Creek Dr #1, Austin, TX 78704

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Property Details

Price $469,900

Status Active Listing

Beds 1

Full Baths 1

Half Baths 1

Living Area 1,056 sqft

Lot Size 0.18 acres (7,701.41 sqft)

Year Built 1971

Garage ,

Stories ,

Type Residential · Condominium

Subdivision Zilker Flats

County Travis

Zip Code 78704

$/sqft $445/sqft

Days on Market ,

HOA $205/Monthly

Annual Tax Est. $8,019.6

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT231929942

List Date June 1, 2026

Elementary School Barton Hills

Middle School O Henry

High School Austin

School District ,

Have Questions About This Property?

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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

1307 Kinney Ave #140
Ashton Green Condo $470,000 $427 2 bd / 3 ba 1,101 sqft , 2026-08-10

1900 Barton Springs Rd #3031
Zilkr/Pk Condos $485,000 $485 1 bd / 1 ba 999 sqft , 2026-07-23

1600 Barton Springs Rd #1106
Bartonplace Condo $444,000 $598 1 bd / 1 ba 743 sqft , 2026-03-08

1504 Collier St #7
Lyric Condo Amd $499,000 $464 1 bd / 2 ba 1,076 sqft , 2026-06-19

1600 Barton Springs Rd #5610
Bartonplace Condo $435,000 $585 1 bd / 1 ba 743 sqft , 2025-09-25

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

$2,256/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

$93,980

20% conventional investment loan

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

Estimated Gross Rent+$2,256

Principal + Interest−$2,564

Property Tax (~2.1% TX avg)−$822

Insurance (~0.5%)−$196

Est. Monthly Cash Flow $-1,326

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 →

Neighborhood Context

About Zilker

Zilker is Austin's outdoor living capital - a neighborhood defined by Barton Springs Pool, 351 acres of Zilker Park, and direct access to the Barton Creek Greenbelt and Lady Bird Lake hike-and-bike trail. It's where Austin's outdoor culture is most concentrated, and it attracts buyers who prioritize lifestyle as much as real estate.

The housing stock is a mix of 1950s to 70s ranch homes - many still with original character - and increasingly, new custom construction replacing the teardown lots that make up a growing share of the market. Entry-level Zilker (smaller older homes, some needing updates) starts around $600K. Renovated homes and new builds run $1M to $3M+.

🏊

Barton Springs Pool

Austin's iconic spring-fed swimming pool - 68°F year-round, free for residents, a short walk from most Zilker addresses. The defining amenity of the neighborhood.

🌳

Zilker Park

351 acres of parkland on the south shore of Lady Bird Lake. Kite Festival, ACL Music Festival, Austin City Limits taping - all happen here. In Zilker, you live next door to all of it.

🚴

Trail Access

Direct access to the 10-mile Lady Bird Lake hike-and-bike trail and the Barton Creek Greenbelt - 12+ miles of natural swimming holes and hiking. Austin's best outdoor infrastructure, right out your door.

📍

Location

5 minutes to downtown, 2 minutes to SoCo, walking distance to some of Austin's best restaurants. Zilker has the location of Central Austin without the price of Tarrytown or Clarksville.

Full Zilker Guide →

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

About the Author

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 July 11, 2026.

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

1206 Hollow Creek Dr #1