Active Listing  ·  191 days on market

1702 S Lamar Blvd #12

Austin, TX 78704
$515,000
2 Bed 3 Bath 1,521 sqft $339/sqft Built 2008 0.03 acres 2-Car Garage Pool Sage Condo

Live the true Austin lifestyle with this treasure of a location - oh so close to downtown. The ultimate in cool - designed by renowned Austin architect Dick Clark, these South Lamar digs are sure to please. Don't feel like cooking? No problemo.....twenty plus restaurants and coffee shops within a 1/2 mile radius including award winning Loro, Bird Bird Biscuit and Ramen Tatsu-Ya. Northern facing condo with downtown views from the living, dining and kitchen. First floor: 2 car garage, entry, laundry room. Second floor: 2 bedrooms with 2 full en-suite bathrooms. 3rd floor: Living, Kitchen, Dining and 1/2 bathroom. Ideal for quick commute to downtown, walkable to many restaurants, Alamo Drafthouse, Zilker Park. HOA includes extra offsite parking behind the community at Kinney Ave Church. Primary bedroom has two closets - main closet tricked out with hanging space, shelving, drawers and baskets. Loads of versatility in the secondary bedroom - queen-sized murphy bed, pull-out desk and drawers in closet that can double as hanging files for work-from-home ease. Hardwood floors throughout with tile in bathrooms, entry and laundry. Lock and leave and truly participate in the city you live in! Buyers are to independently verify all information, including but not limited to square footage, lot size, year built, zoning, restrictions, taxes, schools, HOA etc

At $339/sqft, this home is 14% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1702 S Lamar Blvd #12, Austin, TX 78704

Property Details

Price $515,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,521 sqft
Lot Size 0.03 acres (1,481.04 sqft)
Year Built 2008
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Sage Condo
County Travis
Zip Code 78704
$/sqft $339/sqft
Days on Market ,
HOA $361/Monthly
Annual Tax Est. $10,274
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT222581496
List Date March 15, 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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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 · March 15, 2026 $592,000
Previous ask $550,000
Current ask $515,000
Reduced $77,000 (-13.0%) 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
1904 Goodrich Ave #15
Zilker Place Condo
$515,000 $395 3 bd / 3 ba 1,303 sqft , 2026-09-10
1600 Barton Springs Rd #5103
Bartonplace Condo
$529,000 $531 2 bd / 2 ba 997 sqft , 2026-05-08
2606 Wilson St #1104
Flats on Wilson
$499,999 $333 2 bd / 3 ba 1,500 sqft , 2026-04-17
1504 Collier St #7
Lyric Condo Amd
$499,000 $464 1 bd / 2 ba 1,076 sqft , 2026-06-19
1011 Brodie St #15
Bouldin Creek Cottages Amd
$549,999 $404 2 bd / 2 ba 1,362 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
$2,472/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
$103,000
20% conventional investment loan

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

Estimated Gross Rent+$2,472
Principal + Interest−$2,811
Property Tax (~2.1% TX avg)−$901
Insurance (~0.5%)−$215
Est. Monthly Cash Flow $-1,455

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 September 7, 2026.

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