Active Listing  ·  234 days on market

1208 W Oltorf St #A

Austin, TX 78704
$899,000
3 Bed 4 Bath 1,904 sqft $472/sqft Built 2025 0.09 acres Pool New Construction Southwood

Investment & Lifestyle Opportunity in Austin’s Coveted Bouldin Creek

Built in 2025, this beautifully furnished home offers the best of both worlds: a turnkey investment opportunity and an exceptional place to call home. Currently operating as a profitable short-term rental, the property provides immediate income potential while offering the flexibility to transition into a full-time residence, second home, or long-term rental.

Located in the heart of Bouldin Creek, just minutes from South Congress, Zilker Park, Lady Bird Lake, and downtown Austin, this home puts you close to some of the city’s most desirable destinations while enjoying the charm of one of Austin’s most sought-after neighborhoods.

A private driveway leads to a covered carport and welcoming front porch. Inside, the first floor features a spacious, light-filled open-concept layout with a comfortable living area, modern kitchen, and convenient half bath. Warm wood flooring runs throughout the home with no carpet, complemented by quartz countertops, stainless steel appliances, and sleek gray cabinetry.

Expansive sliding doors connect the living space to a covered back porch and fenced private yard shaded by mature trees, creating an inviting space for outdoor entertaining or everyday relaxation. Stylish furnishings convey with the home, making it truly move-in ready for an owner or rental guest.

All three bedrooms and the laundry area are thoughtfully located on the second floor. The third floor offers an impressive 374 sq ft flex space with a full bath, providing endless possibilities as a home office, guest suite, gym, media room, creative studio, or additional living space.

Whether you’re looking for a property that can generate rental income, a flexible second home, or a stylish primary residence in one of Austin’s most desirable neighborhoods, this Bouldin Creek home offers the flexibility to fit your lifestyle and investment goals.

At $472/sqft, this home is priced 20% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1208 W Oltorf St #A, Austin, TX 78704

Property Details

Price $899,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 1,904 sqft
Lot Size 0.09 acres (3,833.28 sqft)
Year Built 2025
Garage ,
Stories ,
Type Residential · Townhouse
Subdivision Southwood
County Travis
Zip Code 78704
$/sqft $472/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $16,922.71
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT217996142
List Date January 31, 2026
Elementary School Becker
Middle School Travis
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.

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · January 31, 2026 $1,090,000
Previous ask $960,000
Current ask $899,000
Reduced $191,000 (-17.5%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
1208 W Oltorf St #B
Southwood
$899,000 $472 3 bd / 4 ba 1,904 sqft , 2026-01-20
900 S 1st St #312
Bouldin Creek
$899,000 $549 3 bd / 2 ba 1,639 sqft , 2026-08-20
2323 S Lamar Blvd #206
Precision Add
$899,000 $686 2 bd / 2 ba 1,310 sqft , 2026-08-27
2505 Bluebonnet Ave #12
Del Curto
$899,900 $459 3 bd / 3 ba 1,959 sqft , 2026-07-09
3001 Del Curto Rd #35
Canopy Condo
$898,000 $415 4 bd / 3 ba 2,163 sqft , 2026-04-15

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
$4,315/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
$179,800
20% conventional investment loan

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

Estimated Gross Rent+$4,315
Principal + Interest−$4,906
Property Tax (~2.1% TX avg)−$1,573
Insurance (~0.5%)−$375
Est. Monthly Cash Flow $-2,539

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 August 24, 2026.

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