Active Listing  ·  22 days on market

2209 S 1st St #231

Austin, TX 78704
$399,000
1 Bed 1 Bath 692 sqft $577/sqft Built 2024 0.02 acres 1-Car Garage Pool New Construction Bouldin

Currently the lowest priced home at One Oak. Nestled in the heart of Austin’s highly sought-after Bouldin Creek neighborhood, Residence 231 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 the bedroom, 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 231 at One Oak offers the perfect blend of energy, luxury, and location in the heart of Austin.

At $577/sqft, this home is priced 48% 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 #231, Austin, TX 78704

Property Details

Price $399,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 692 sqft
Lot Size 0.02 acres (670.82 sqft)
Year Built 2024
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Bouldin
County Travis
Zip Code 78704
$/sqft $577/sqft
Days on Market ,
HOA $327.36/Monthly
Annual Tax Est. $7,998.75
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT239721114
List Date July 13, 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
1701 Simond Ave #612
Parkside/Mueller Condos
$399,000 $459 1 bd / 1 ba 870 sqft , 2026-05-12
1900 Barton Springs Rd #5009
Zilkr on the Park Condos
$399,000 $450 1 bd / 1 ba 887 sqft , 2026-05-29
2909 E 5th St
Hartwell Add
$399,000 $451 2 bd / 1 ba 884 sqft , 2026-07-02
2907 E 5th St
Hartwell Add
$399,000 $612 2 bd / 1 ba 652 sqft , 2026-07-02
360 Nueces St #1208
Residential Condo Amd 360 (The 360 Tower)
$399,000 $545 1 bd / 1 ba 732 sqft , 2026-06-29

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
$1,915/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
$79,800
20% conventional investment loan

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

Estimated Gross Rent+$1,915
Principal + Interest−$2,178
Property Tax (~2.1% TX avg)−$698
Insurance (~0.5%)−$166
Est. Monthly Cash Flow $-1,127

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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