Active Listing  ·  112 days on market

2209 S 1st St #121

Austin, TX 78704
$815,000
2 Bed 2 Bath 1,175 sqft $694/sqft Built 2025 0.03 acres 2-Car Garage Pool New Construction Bouldin

One Oak is perfectly situated in Austin’s Bouldin Creek neighborhood—convenient, vibrant, and central to everything the city has to offer. This 105-residence condominium development has been perfectly realized by developer Intracorp, bringing a new standard of design and construction to this well-established area. A full suite of amenities complement each residence, offering spaces for any lifestyle, including an infinity-edge pool with cabanas, indoor and outdoor fitness areas, multiple lounges for entertaining, and private spaces for coworking and meetings. Residence 121 at One Oak is a rare opportunity to buy into this highly desirable development. As closings commence, a limited number of developer-owned residences are being brought to market for the first time. Don’t miss your chance to find a home at Bouldin Creek’s premier building. This residence is the ultimate 2BR+ layout, featuring a den space which can accommodate a home office, nursery, additional storage and large 300+ sq ft outdoor private patio—a blank canvas for your everyday needs. An expansive open Italkraft kitchen with state-of-the-art Bosch appliances also includes tile backsplash and extended pantry. A formal dining area and living room with oversized windows bring in plenty of natural light. A private covered terrace spans the living room and secondary bedroom, with views over the amenity courtyard, creek, and manicured path. The large primary bedroom allows additional space for a fitness area, reading nook, and more. A true five-fixture primary bath with linen closet leads to a massive walk-in closet. And the second bedroom is the perfect size.The entire residence features Oak Oak’s exclusive classic design scheme. Brand new, ready for closing soon, and your entrance into Austin’s most coveted condominium community.

At $694/sqft, this home is priced 77% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2209 S 1st St #121, Austin, TX 78704

Property Details

Price $815,000
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 $694/sqft
Days on Market ,
HOA $563.52/Monthly
Annual Tax Est. $14,163.56
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT226296967
List Date April 14, 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
11622 Doyle Rd
RURAL
$825,000 $546 3 bd / 2 ba 1,512 sqft , 2026-05-13
2009 Payne Ave #2
Bellaire
$825,000 $530 3 bd / 3 ba 1,557 sqft , 2026-05-20
2822 Wooldridge Dr #B
Pemberton Heights
$825,000 $565 2 bd / 3 ba 1,460 sqft , 2026-06-23
44 East Ave #1407
44 East
$825,000 $676 2 bd / 2 ba 1,221 sqft , 2026-07-23
2007 Canterbury St #2
Driving Park Add
$829,500 $593 3 bd / 3 ba 1,400 sqft , 2026-04-17

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
$3,912/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
$163,000
20% conventional investment loan

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

Estimated Gross Rent+$3,912
Principal + Interest−$4,448
Property Tax (~2.1% TX avg)−$1,426
Insurance (~0.5%)−$340
Est. Monthly Cash Flow $-2,302

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

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