Active Listing  ·  183 days on market

1600 S 1st St #403

Austin, TX 78704
$925,000
2 Bed 2 Bath 1,153 sqft $802/sqft Built 2019 0.01 acres 2-Car Garage Pool Willa Community

Step into a rare expression of modern luxury condo living in South Austin, TX, where light, design, and location come together in perfect harmony. Built in 2019 and lightly lived in, this move-in ready luxury condo at Willa Condos offers a like-new, elevated urban retreat, sophisticated and effortlessly livable from the moment you step inside.

Walls of floor-to-ceiling glass draw the outside in, filling the space with natural light and framing uninterrupted downtown Austin skyline views. Just beyond, a private terrace of over 700 square feet unfolds, the ultimate Austin outdoor living space, perfect for morning coffee or evenings under the stars.

Inside, the open-concept floor plan flows with intention. The chef's kitchen, anchored by quartz waterfall countertops and sleek modern cabinetry, invites quiet mornings and lively gatherings alike. Every detail from premium stainless steel appliances to motorized shades has been curated for comfort and elegance.

Two private bedroom suites offer flexibility for guests, a dedicated home office, or work-from-home living. Ideal for remote workers, lock-and-leave buyers, and anyone seeking a low-maintenance luxury condo lifestyle in the heart of Austin, TX.

Steps from Elizabeth Street Cafe, Lenoir, and Bouldin Creek Cafe, with South Congress Avenue and Downtown Austin just minutes away. Vibrant 78704 dining and culture, always within reach.

Two reserved underground parking spaces, curated building amenities, and a boutique condominium community offer the rare balance of privacy and connection that defines true Austin luxury real estate.

This is more than a condo for sale in Austin. It's a feeling where contemporary condo design meets the soul of South Austin, and every day ends with a skyline view worth pausing for.

At $802/sqft, this home is priced 105% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1600 S 1st St #403, Austin, TX 78704

Property Details

Price $925,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,153 sqft
Lot Size 0.01 acres (579.35 sqft)
Year Built 2019
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Willa Community
County Travis
Zip Code 78704
$/sqft $802/sqft
Days on Market ,
HOA $576/Monthly
Annual Tax Est. $8,425
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT218039213
List Date February 2, 2026
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 →

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
1900 Barton Springs Rd #2026
Zilkr/Pk Condos
$925,000 $714 2 bd / 2 ba 1,296 sqft , 2026-04-22
301 West Ave #3208
N/A
$924,900 $925 1 bd / 1 ba 1,000 sqft , 2026-05-27
48 East Ave #2311
Zoppp Add
$930,000 $898 2 bd / 2 ba 1,036 sqft , 2025-11-14
48 East Ave #2211
Natiivo
$930,000 $898 2 bd / 2 ba 1,036 sqft , 2026-05-15
48 East Ave #2911
Natiivo
$949,900 $917 2 bd / 2 ba 1,036 sqft , 2026-05-07

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
$4,440/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
$185,000
20% conventional investment loan

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

Estimated Gross Rent+$4,440
Principal + Interest−$5,048
Property Tax (~2.1% TX avg)−$1,619
Insurance (~0.5%)−$385
Est. Monthly Cash Flow $-2,612

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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