Active Listing  ·  14 days on market

2209 S 1st St #116

Austin, TX 78704
$849,000
2 Bed 2 Bath 1,175 sqft $723/sqft Built 2025 0.03 acres 2-Car Garage Pool New Construction Bouldin

Welcome to One Oak, perfectly positioned in Austin’s sought-after Bouldin Creek neighborhood—vibrant, walkable, and central to everything the city has to offer. Developed by Intracorp, this exclusive 105-residence condominium community sets a new standard for design, construction, and amenity-rich urban living.

Special financing opportunity: Take advantage of a 3.99% interest rate with 10% down, subject to lender qualification and program terms. Ask the listing agent for complete details.

Residence 116 is the last available home featuring these finishes and upgrades, making this a truly exceptional opportunity to own at One Oak. This expansive 2BR+ residence offers a versatile den, ideal for a home office, nursery, additional storage, or flex space, along with an impressive 300+ sq. ft. private outdoor patio—a rare luxury for condominium living.

The open-concept Italkraft kitchen is beautifully appointed with a state-of-the-art Bosch appliance package, tile backsplash, and extended pantry. An inviting dining area flows seamlessly into the spacious living room, where oversized windows fill the home with natural light. A private covered terrace extends from the living room to the secondary bedroom and overlooks the beautifully landscaped amenity courtyard, creek, and manicured walking path.

The residence showcases One Oak’s exclusive Natural design scheme, thoughtfully selected finishes, and elevated upgrades throughout.

One Oak’s resort-style amenities include an infinity-edge pool with private cabanas, indoor and outdoor fitness areas, multiple resident lounges, coworking and meeting spaces, and beautifully designed gathering areas.

Brand new and ready for closing soon, Residence 116 represents the final opportunity to secure these highly sought-after finishes and upgrades at One Oak. Experience sophisticated condominium living in the heart of Bouldin Creek, with an exceptional financing opportunity that makes this residence even more compelling.

At $723/sqft, this home is priced 84% 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 #116, Austin, TX 78704

Property Details

Price $849,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,175 sqft
Lot Size 0.03 acres (1,145.63 sqft)
Year Built 2025
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Bouldin
County Travis
Zip Code 78704
$/sqft $723/sqft
Days on Market ,
HOA $564/Monthly
Annual Tax Est. $9,144.21
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT246114523
List Date September 8, 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
2209 S 1st St #107
One Oak
$849,000 $660 1 bd / 1 ba 1,286 sqft , 2026-04-21
800 W Gibson St
South Heights
$849,000 $636 2 bd / 2 ba 1,335 sqft , 2026-08-14
503 E Live Oak St None
Pleasant View Addn
$850,000 $944 3 bd / 1 ba 900 sqft , 2026-08-12
302 Ben Howell Dr
Live Oak Grove Addn
$835,000 $632 3 bd / 2 ba 1,322 sqft , 2026-09-15
1905 Brackenridge St
Newning & Warners
$825,000 $824 2 bd / 2 ba 1,001 sqft , 2026-09-10

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 →

Neighborhood Context

About Bouldin Creek

Bouldin Creek is the neighborhood that defines South Austin to most Austinites. Bounded by South Lamar to the west and South First to the east, it sits at the center of South Austin's restaurant and nightlife scene while maintaining the residential feel that makes it so desirable.

The housing stock is predominantly craftsman bungalows and cottages - the kind of homes you'd see on real estate Instagram if it actually showed real neighborhoods. Many have been lovingly renovated while maintaining their character. New construction townhomes and modern infill have appeared, but the neighborhood has enough historic character to absorb them without losing its identity.

South First Corridor

South First Street runs through the neighborhood with a concentration of beloved coffee shops, restaurants, and bars. Jo's Coffee, Home Slice Pizza, and Hopdoddy are all minutes away.

🏡
Bungalow Character

Among Austin's highest concentrations of intact craftsman bungalows. The architecture gives the neighborhood an identity and cohesion that newer areas lack.

🐕
Dog-Friendly

Bouldin Creek is extremely dog-friendly - multiple off-leash areas, dog-friendly patios, and a culture that treats dogs as full community members.

🎸
Music & Nightlife

Walking distance to Emo's, Continental Club, and the entire South Lamar nightlife corridor. Live music is part of the daily soundtrack.

Full Bouldin Creek 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

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 September 20, 2026.

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