Active Listing  ·  26 days on market

1818 S Lakeshore Blvd #27

Austin, TX 78741
$389,900
1 Bed 1 Bath 736 sqft $530/sqft Built 1980 0.04 acres Pool Waterfront Waterfront Condo

Rare opportunity for waterfront living in the heart of Austin! Welcome to 1818 S Lakeshore, a charming 1-bedroom, 1-bath condo offering a peaceful lakeside setting just minutes from downtown. Step inside to an airy living space highlighted by soaring vaulted ceilings and an open, inviting layout. Upstairs, the loft-style bedroom features vaulted ceilings, a ceiling fan, and an overlook to the living area below. Step onto your private balcony to relax and take in views of the surrounding trees and greenery.

Enjoy the best of Austin's outdoor lifestyle right outside your door. The gated community features an expansive waterfront lawn along Lady Bird Lake, plus a private community dock with beautiful views of the downtown skyline. The popular Hike and Bike Trail is less than 200 feet away, making morning runs, evening strolls, and weekend bike rides easy to enjoy. Covered carport parking and a spacious walk-in storage area, not included in the condo's square footage, add everyday convenience.

Inside, the kitchen offers tile flooring, countertops, white appliances, an electric range, microwave, and refrigerator. The bathroom includes a single-sink vanity and tub/shower combination. Brick and siding exterior finishes and a mix of tile, vinyl, and linoleum flooring round out this unique property.

Located approximately half a mile from Oracle's waterfront campus and about two miles from downtown Austin, you'll enjoy convenient access to restaurants, entertainment, employers, and the city's vibrant cultural scene. Whether you're searching for a primary residence, a weekend retreat, or an investment property, this condo offers a rare blend of location, lifestyle, and value. Short-term rentals are reported to be permitted; buyers should verify all current HOA restrictions, city regulations, and permitting requirements. Discover a laid-back lakeside escape with the energy of Austin close by, where waterfront scenery and urban convenience come together in a special setting!

At $530/sqft, this home is priced 36% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1818 S Lakeshore Blvd #27, Austin, TX 78741

Property Details

Price $389,900
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 736 sqft
Lot Size 0.04 acres (1,785.96 sqft)
Year Built 1980
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Waterfront Condo
County Travis
Zip Code 78741
$/sqft $530/sqft
Days on Market ,
HOA $264/Monthly
Annual Tax Est. $6,865.59
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT249739515
List Date October 17, 2026
Elementary School Sanchez
Middle School Martin
High School Austin
School District Austin ISD

Austin ISD

Sanchez · Martin · Austin

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
2124 E 6th St #305
Twentyone24 Condo Amd
$360,000 $433 1 bd / 1 ba 832 sqft , 2026-04-08
2519 E 4th St #2
M. E. CHERNOSKY SUBD
$359,000 $748 1 bd / 1 ba 480 sqft , 2026-06-23
1906 B Garden St #B
Driving Park Add
$425,000 $500 2 bd / 2 ba 850 sqft , 2026-03-04
67 Anthony St
Driving Park Add
$435,000 $906 2 bd / 1 ba 480 sqft , 2026-06-08
84 EAST Ave #2008
Vesper Condos
$435,900 $654 1 bd / 1 ba 667 sqft , 2026-07-07

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
$1,872/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
$77,980
20% conventional investment loan

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

Estimated Gross Rent+$1,872
Principal + Interest−$2,128
Property Tax (assumed ~2.1%)−$682
Insurance (assumed ~0.5%)−$162
Est. Monthly Cash Flow $-1,100

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 · 41 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. The written content was last updated on October 22, 2026.

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

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