About This Home

Seller is offering $18,000 your way: put it toward a rate buydown to lower your monthly payment, apply it to closing costs, or take it off the price. Use the lender of your choice, with preferred-lender buydown options available.

Move-in ready at One Oak, just off South First in the heart of 78704.

Enjoy everything One Oak offers, including the poolside amenity deck, without the new-construction wait.

Contact listing agent for current buydown scenarios.

At $536/sqft, this home is priced 37% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2209 S 1st St #220, Austin, TX 78704

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Property Details

Price $439,000

Status Active Listing

Beds 1

Full Baths 1

Half Baths ,

Living Area 819 sqft

Lot Size 0.02 acres (801.5 sqft)

Year Built 2023

Garage 1 spaces

Stories ,

Type Residential · Condominium

Subdivision One Oak Condos

County Travis

Zip Code 78704

$/sqft $536/sqft

Days on Market ,

HOA $316/Monthly

Annual Tax Est. $12,040.66

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT218774427

List Date March 16, 2026

Elementary School Travis Hts

Middle School Lively

High School Travis

School District ,

Have Questions About This Property?

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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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 · March 16, 2026 $489,999

Previous ask $464,999

Current ask $439,000

▼ Reduced $50,999 (-10.4%) 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

2209 S 1st St #217
Bouldin $429,000 $567 1 bd / 1 ba 756 sqft , 2026-09-12

2403 S 2nd St
Bouldin $450,000 $804 2 bd / 1 ba 560 sqft , 2026-04-17

1307 Kinney Ave #140
Ashton Green Condo $450,000 $409 2 bd / 3 ba 1,101 sqft , 2026-08-10

2505 Thornton Rd #3212
Thornton Trails $425,000 $395 2 bd / 2 ba 1,077 sqft , 2026-07-22

2215 Post Rd #1018
Travis Oaks Condo Amd $399,000 $408 2 bd / 2 ba 977 sqft , 2026-07-03

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

$2,107/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

$87,800

20% conventional investment loan

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

Estimated Gross Rent+$2,107

Principal + Interest−$2,396

Property Tax (~2.1% TX avg)−$768

Insurance (~0.5%)−$183

Est. Monthly Cash Flow $-1,240

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

About the Author

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 29, 2026.

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

2209 S 1st St #220