Active Listing  ·  2 days on market

1309 Chicon St #507

Austin, TX 78702
$280,000
1 Bed 1 Bath 451 sqft $621/sqft Built 2026 0.01 acres Pool New Construction Habichts

The Ivory, an innovative mixed-use condominium project, elevates sustainable Austin living to a new level. Its 13 market-rate condos range in size from 440sf to 800sf, ranging in price from $250,000 to $456,000. Most units offer balconies & stunning, expansive views west (downtown, Capitol) and east. Project features include: car sharing vehicles for owners; fully stocked exercise room; solar coverage for 90% of anticipated electric usage; covered rooftop amenity space; 1st floor courtyard with trees, plantings & benches; secure keypad entry to gated building; ample bicycle storage; available on-site storage spaces; and three locally owned commercial spaces on the ground floor.

All of the 6 2BR units and 7 1BR units offer stylish, contemporary finish-out and feature 9-foot ceilings; double-pane, low E energy efficient windows; quartz countertops; GE stainless steel appliances; Pfister faucets; stainless kitchen sink; and tiled kitchen backsplash—all designed by KRDB, one of Austin’s preeminent modern architecture firms.

At $621/sqft, this home is priced 58% 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

1309 Chicon St #507, Austin, TX 78702

Property Details

Price $280,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 451 sqft
Lot Size 0.01 acres (226.51 sqft)
Year Built 2026
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Habichts
County Travis
Zip Code 78702
$/sqft $621/sqft
Days on Market ,
HOA $168/Monthly
Annual Tax Est. $1,773.59
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT247151783
List Date September 20, 2026
Elementary School Campbell
Middle School Kealing
High School McCallum
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
800 Embassy Dr #305
The Tyndall at Robertson Hill
$279,000 $498 1 bd / 1 ba 560 sqft , 2026-07-08
800 Embassy Dr #205
Sarah and Lydia M. Robertson's Subdivisio
$299,000 $534 1 bd / 1 ba 560 sqft , 2026-07-29
710 E Dean Keeton St #212
Century Condo
$250,000 $418 1 bd / 1 ba 598 sqft , 2026-01-03
800 Embassy Dr #431
Tyndall/Robertson Hill Condos
$310,000 $543 1 bd / 1 ba 571 sqft , 2026-06-11

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
$1,344/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
$56,000
20% conventional investment loan

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

Estimated Gross Rent+$1,344
Principal + Interest−$1,528
Property Tax (~2.1% TX avg)−$490
Insurance (~0.5%)−$117
Est. Monthly Cash Flow $-791

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 21, 2026.

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