Active Listing  ·  142 days on market

1702 S Lamar Blvd #12

Austin, TX 78704
$550,000
2 Bed 3 Bath 1,521 sqft $362/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 $362/sqft, this home is 7% below the Austin active market average of $391/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 $550,000
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 $362/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.

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
8414 Bowling Green Dr #3
SHAMROCK AVENUE CONDOMINIUMS
$550,000 $354 3 bd / 3 ba 1,555 sqft , 2026-02-13
311 W 5th St #704
Plaza Lofts Condo Amd
$550,000 $468 1 bd / 1 ba 1,176 sqft , 2026-02-05
800 Embassy Dr #337
Tyndall at Robertson Hill Condominiums
$550,000 $409 2 bd / 2 ba 1,344 sqft , 2025-09-11
1701 Simond Ave #304
Parkside/Mueller Condos
$550,000 $473 2 bd / 2 ba 1,162 sqft , 2026-04-23
7302 Meadowood Dr
Vintage Hills
$550,000 $341 3 bd / 2 ba 1,613 sqft , 2026-03-20

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
$2,640/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
$110,000
20% conventional investment loan

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

Estimated Gross Rent+$2,640
Principal + Interest−$3,002
Property Tax (~2.1% TX avg)−$963
Insurance (~0.5%)−$229
Est. Monthly Cash Flow $-1,554

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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