Active Listing  ·  66 days on market

2209 S 1st St #223

Austin, TX 78704
$459,000
1 Bed 1 Bath 819 sqft $560/sqft Built 2023 0.02 acres 1-Car Garage Pool New Construction Bouldin

Nestled in the heart of Austin’s highly sought-after Bouldin Creek neighborhood, Residence 223 at One Oak presents a rare chance to own in one of the city’s most desirable luxury condominium communities. Fusing modern architecture with resort-style amenities, One Oak redefines urban living in one of Austin’s most vibrant areas. This beautifully appointed 1-bedroom, 1-bath home features a light-filled open-concept layout with expansive windows and high-end finishes throughout. The chef-inspired kitchen showcases custom Italkraft cabinetry, sleek stainless steel Bosch appliances, and a generous island perfect for meal prep and entertaining. The spacious living and dining areas open onto a covered private terrace that spans both bedrooms, offering striking views of the downtown skyline and seamless indoor-outdoor living. The primary suite serves as a serene retreat, complete with a luxurious full bath featuring a dual vanity, a glass-enclosed shower, and a walk-in closet. Styled with One Oak’s elegant Classic finish package, this residence is both move-in ready and timelessly designed. Residents enjoy access to top-tier amenities, including an infinity-edge pool with cabanas, an outdoor kitchen and smoker area, indoor and outdoor fitness spaces, multiple resident lounges, co-working areas, and a thoughtfully curated community experience. Just steps from the iconic South 1st and South Congress districts, Residence 223 at One Oak offers the perfect blend of energy, luxury, and location in the heart of Austin.

At $560/sqft, this home is priced 43% 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 #223, Austin, TX 78704

Property Details

Price $459,000
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 Bouldin
County Travis
Zip Code 78704
$/sqft $560/sqft
Days on Market ,
HOA $393.12/Monthly
Annual Tax Est. $10,601
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT236521252
List Date June 19, 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.

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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 #220
One Oak Condos
$464,999 $568 1 bd / 1 ba 819 sqft , 2026-03-16
1307 Kinney Ave #140
Ashton Green Condo
$470,000 $427 2 bd / 3 ba 1,101 sqft , 2026-08-10
703 Herndon Ln
Oak Ridge Heights Sec 01
$447,777 $427 2 bd / 1 ba 1,048 sqft , 2026-04-01
2209 S 1st St #332
One Oak Condominiums
$479,000 $585 1 bd / 1 ba 819 sqft , 2026-05-21
2209 S 1st St #218
Bouldin
$429,000 $567 1 bd / 1 ba 756 sqft , 2025-12-05

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
$2,203/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
$91,800
20% conventional investment loan

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

Estimated Gross Rent+$2,203
Principal + Interest−$2,505
Property Tax (~2.1% TX avg)−$803
Insurance (~0.5%)−$191
Est. Monthly Cash Flow $-1,296

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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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 July 18, 2026.

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