Active Listing  ·  255 days on market

1600 S 1st St #201

Austin, TX 78704
$499,000
1 Bed 1 Bath 845 sqft $591/sqft Built 2019 0.01 acres 1-Car Garage Pool Willa

Modern Austin Living — Without the Downtown Chaos

Some condos put you near the action. This one puts you in it — quietly.

Tucked just across the river from downtown in Austin's beloved 78704, this sleek, light-filled condo gives you the best of So Austin w/o the construction, the congestion, or the noise. Positioned away from the street and overlooking a serene courtyard framed by mature trees, you get the energy of the city on your terms.

Inside, the space feels intentional. Smooth, gallery-quality walls (professionally updated from their original texture), wide-plank light hardwood floors, under-cabinet lighting, & stainless steel appliances create a clean, elevated canvas — the kind of home a design-conscious buyer finishes with furniture, not renovations. Custom built-in storage, a dedicated laundry closet, & a shoe closet mean everything has a place without sacrificing an ounce of the open, airy feel. Floor-to-ceiling windows flood the space with remarkable natural light throughout the day.

Step onto your oversized private balcony & exhale. Large enough for a full dining & lounge setup, it carries the unhurried energy of a boutique hotel — the kind of space that makes you forget you're in the middle of one of Austin's most sought-after zip codes.

The building itself is a lifestyle ecosystem. Grab a coffee or a bite at Dish Society on the ground floor. Book a cold plunge, sauna session, or red light therapy at the wellness studio down the hall. Squeeze in a pilates class w/o leaving the block. Secure, gated parking means your car is protected & getting in & out of the city is effortless — you're mins from major thoroughfares, 1 mile to HEB, 2 miles to Whole Foods & Trader Joe's, & walkable to So. Congress, Swedish Hill, Elizabeth Street Café, June's All Day, Guerrero's, Mattie's, Thai Fresh, Dolce Neve, and Gourdough's (literally across the street).

This is Austin living for someone who knows the difference between a good address & a great one.

At $591/sqft, this home is priced 51% 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

1600 S 1st St #201, Austin, TX 78704

Property Details

Price $499,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 845 sqft
Lot Size 0.01 acres (422.53 sqft)
Year Built 2019
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Willa
County Travis
Zip Code 78704
$/sqft $591/sqft
Days on Market ,
HOA $420/Monthly
Annual Tax Est. $8,210.48
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT213793265
List Date December 12, 2025
Elementary School Becker
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 →

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 · December 12, 2025 $612,500
Previous ask $574,000
Current ask $499,000
Reduced $113,500 (-18.5%) 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
1504 Collier St #7
Lyric Condo Amd
$499,000 $464 1 bd / 2 ba 1,076 sqft , 2026-06-19
2403 S 2nd St
Bouldin
$517,500 $924 2 bd / 1 ba 560 sqft , 2026-04-17
2209 S 1st St #332
One Oak Condominiums
$479,000 $585 1 bd / 1 ba 819 sqft , 2026-05-21
603 Davis St #811
Shore A Condo Amd The
$475,000 $462 1 bd / 1 ba 1,029 sqft , 2026-07-31
2209 S 1st St #113
One Oak Condominiums
$524,500 $640 1 bd / 1 ba 819 sqft , 2026-01-08

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 18, 2026.

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