Active Listing  ·  154 days on market

2209 S 1st St #107

Austin, TX 78704
$849,000
1 Bed 1 Bath 1,286 sqft $660/sqft Built 2024 0.03 acres One Oak

Set along the eastern edge of South First Street in the heart of Bouldin Creek, One Oak brings a vibrant energy to the street level with thoughtfully designed live/work storefronts. Future residents will have boutique shops, local markets, wellness studios, and a signature cafe concept just steps from their front door—offering the rare convenience of shopping, working, and living in one dynamic location. The live/work residences at One Oak are designed for today’s entrepreneurial spirit, blending modern living quarters with dedicated professional space. These versatile layouts respond directly to Austin’s growing demand for flexible, self-owned business environments—ideal for creatives, consultants, makers, and small business owners alike. Rather than separating home and work, One Oak integrates them, creating an environment that fosters connection, productivity, and community. The ground-floor storefronts offer visibility and accessibility while giving residents control over their real estate—a compelling alternative to traditional commercial leasing and unpredictable rent increases. Located in the highly desirable 78704 zip code, this South First corridor is known for its mix of locally owned shops and walkable charm. One Oak complements this setting with a design that supports small business vitality and strengthens the fabric of the Bouldin Creek neighborhood. These live/work spaces not only reflect the character of the area—they enhance it, offering entrepreneurs and professionals the chance to put down roots and thrive in one of Austin’s most beloved communities. Schedule a showing today!

At $660/sqft, this home is priced 68% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2209 S 1st St #107, Austin, TX 78704

Property Details

Price $849,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 1,286 sqft
Lot Size 0.03 acres (1,271.95 sqft)
Year Built 2024
Garage ,
Stories ,
Type Residential · See Remarks
Subdivision One Oak
County Travis
Zip Code 78704
$/sqft $660/sqft
Days on Market ,
HOA $617/Monthly
Annual Tax Est. $17,825.25
Pool ,
Waterfront ,
New Construction ,
MLS # ACT227149510
List Date April 21, 2026
Elementary School Travis Hts
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
800 W Gibson St
South Heights
$849,000 $636 2 bd / 2 ba 1,335 sqft , 2026-08-14
2209 S 1st St #116
Bouldin
$849,000 $723 2 bd / 2 ba 1,175 sqft , 2026-09-08
1905 Brackenridge St
Newning & Warners
$825,000 $824 2 bd / 2 ba 1,001 sqft , 2026-09-10
900 S 2nd St #22
Bouldin Court Condos
$814,500 $652 2 bd / 3 ba 1,250 sqft , 2026-04-09
2209 South 1st St #330
One Oak Condos
$799,900 $681 2 bd / 2 ba 1,175 sqft , 2026-06-04

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
$4,075/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
$169,800
20% conventional investment loan

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

Estimated Gross Rent+$4,075
Principal + Interest−$4,633
Property Tax (~2.1% TX avg)−$1,486
Insurance (~0.5%)−$354
Est. Monthly Cash Flow $-2,398

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 June 26, 2026.

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