Active Listing  ·  114 days on market

2021 Bluebonnet Ln #210

Austin, TX 78704
$278,000
1 Bed 1 Bath 764 sqft $364/sqft Built 1968 0.04 acres Pool Zilker Condo Amd

Experience the best of 78704 living in this spacious 2nd floor condo at Zilker Condominiums. Located across from Little Zilker Park and just minutes from Zilker Park, Lady Bird Lake, and Barton Springs, this condo offers unbeatable walkability to South Lamar favorites like Loro, Snooze, Odd Duck, Ramen Tatsu-Ya, and Alamo Drafthouse.

This move-in-ready condo (furniture included) features an open-concept layout with high ceilings, abundant natural light, and easy-care flooring throughout. The updated kitchen flows seamlessly into the living and dining areas, showcasing modern cabinetry, appliances, and bar seating—perfect for entertaining.

The spacious bedroom includes a large walk-in closet and access to a private balcony, creating a comfortable retreat. T

Enjoy community amenities including a tree-shaded courtyard, shared deck with covered seating and gathering areas, grill space, and a private green space with a fire pit. Ample off-street parking is available.

This condo delivers the ideal Austin lifestyle—walk, bike, or ride to everything the city has to offer. Schedule your showing today!

At $364/sqft, this home is 7% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2021 Bluebonnet Ln #210, Austin, TX 78704

Property Details

Price $278,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 764 sqft
Lot Size 0.04 acres (1,611.72 sqft)
Year Built 1968
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Zilker Condo Amd
County Travis
Zip Code 78704
$/sqft $364/sqft
Days on Market ,
HOA $350/Monthly
Annual Tax Est. $4,911.97
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT220934985
List Date April 22, 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 →

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 · April 22, 2026 $315,000
Previous ask $286,500
Current ask $278,000
Reduced $37,000 (-11.7%) 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
6444 Burnet Rd #403
Crestview
$279,000 $344 1 bd / 1 ba 810 sqft , 2026-04-15
3115 Tom Green St #404
Tom Green Condo Amd
$279,000 $518 2 bd / 1 ba 539 sqft , 2026-04-29
4004 Banister Ln #303
MESA CONDOMINIUMS
$279,000 $321 1 bd / 1 ba 870 sqft , 2026-06-27
3815 Guadalupe None #207
Avenel At Hyde Park Condo
$279,900 $335 2 bd / 1 ba 836 sqft , 2025-02-04
2804 Rio Grande St #208
Westview Condo
$279,900 $344 2 bd / 2 ba 814 sqft , 2026-06-24

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
$1,334/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
$55,600
20% conventional investment loan

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

Estimated Gross Rent+$1,334
Principal + Interest−$1,517
Property Tax (~2.1% TX avg)−$487
Insurance (~0.5%)−$116
Est. Monthly Cash Flow $-786

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 →

Neighborhood Context

About Zilker

Zilker is Austin's outdoor living capital - a neighborhood defined by Barton Springs Pool, 351 acres of Zilker Park, and direct access to the Barton Creek Greenbelt and Lady Bird Lake hike-and-bike trail. It's where Austin's outdoor culture is most concentrated, and it attracts buyers who prioritize lifestyle as much as real estate.

The housing stock is a mix of 1950s to 70s ranch homes - many still with original character - and increasingly, new custom construction replacing the teardown lots that make up a growing share of the market. Entry-level Zilker (smaller older homes, some needing updates) starts around $600K. Renovated homes and new builds run $1M to $3M+.

🏊
Barton Springs Pool

Austin's iconic spring-fed swimming pool - 68°F year-round, free for residents, a short walk from most Zilker addresses. The defining amenity of the neighborhood.

🌳
Zilker Park

351 acres of parkland on the south shore of Lady Bird Lake. Kite Festival, ACL Music Festival, Austin City Limits taping - all happen here. In Zilker, you live next door to all of it.

🚴
Trail Access

Direct access to the 10-mile Lady Bird Lake hike-and-bike trail and the Barton Creek Greenbelt - 12+ miles of natural swimming holes and hiking. Austin's best outdoor infrastructure, right out your door.

📍
Location

5 minutes to downtown, 2 minutes to SoCo, walking distance to some of Austin's best restaurants. Zilker has the location of Central Austin without the price of Tarrytown or Clarksville.

Full Zilker Guide →

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 6, 2026.

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