Active Listing  ·  66 days on market

1504 Collier St #7

Austin, TX 78704
$499,000
1 Bed 2 Bath 1,076 sqft $464/sqft Built 2012 0.04 acres Pool Lyric Condo Amd

Located in the highly sought-after Lyric Condos, an intimate 12-residence community in the heart of 78704, this thoughtfully designed condo offers the convenience of single-level living with a rare combination of privacy and outdoor space. The functional floor plan features 1 bedroom plus a dedicated study, 1.5 bathrooms, first-floor entry, and a fenced backyard ideal for relaxing, entertaining, or accommodating pets. Inside, high ceilings and abundant natural light create an open, airy feel throughout the living spaces. The spacious kitchen flows seamlessly into the living and dining areas, offering ample storage, generous prep space, and an ideal layout for everyday living or hosting guests. Pride of ownership is evident throughout the home’s well-maintained interior. Additional highlights include two reserved covered parking spaces located just steps from the front door, along with access to the community pool and cabana. Enjoy a true lock-and-leave lifestyle in one of Austin’s most desirable neighborhoods, just moments from South Lamar’s popular restaurants, coffee shops, boutiques, and entertainment. Schedule a showing today!

At $464/sqft, this home is priced 18% 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

1504 Collier St #7, Austin, TX 78704

Property Details

Price $499,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths 1
Living Area 1,076 sqft
Lot Size 0.04 acres (1,524.6 sqft)
Year Built 2012
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Lyric Condo Amd
County Travis
Zip Code 78704
$/sqft $464/sqft
Days on Market ,
HOA $379.5/Monthly
Annual Tax Est. $8,470.34
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236994638
List Date June 19, 2026
Elementary School Zilker
Middle School O Henry
High School Austin
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
1600 S 1st St #201
Willa
$499,000 $591 1 bd / 1 ba 845 sqft , 2025-12-12
3015 Burning Oak Dr #2
LIGHTSEY TOWNHOME CONDOMINIMS
$498,000 $476 2 bd / 2 ba 1,046 sqft , 2026-07-07
360 Nueces St #3910
Residential Condo Amd 360
$490,000 $636 1 bd / 1 ba 770 sqft , 2026-06-13
1900 Barton Springs Rd #3031
Zilkr/Pk Condos
$485,000 $485 1 bd / 1 ba 999 sqft , 2026-07-23
360 Nueces St #3608
Residential Condo Amd 360
$479,000 $654 1 bd / 1 ba 732 sqft , 2025-09-04

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
$2,395/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
$99,800
20% conventional investment loan

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

Estimated Gross Rent+$2,395
Principal + Interest−$2,723
Property Tax (~2.1% TX avg)−$873
Insurance (~0.5%)−$208
Est. Monthly Cash Flow $-1,409

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 19, 2026.

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