Active Listing  ·  11 days on market

2209 S 1st St #311

Austin, TX 78704
$479,000
1 Bed 1 Bath 819 sqft $585/sqft Built 2024 0.02 acres 1-Car Garage Pool New Construction Bouldin

Now offering a special financing opportunity: 3.99% interest rate with 10% down, subject to lender qualification and program terms. Contact listing agent for complete details and information on additional off-market units available at One Oak.

Welcome to One Oak, where modern luxury meets iconic Austin charm in the heart of Bouldin Creek. Ideally situated just moments from South Congress and South 1st Street, this boutique 105-residence community by Intracorp brings elevated design, thoughtful amenities, and effortless city living to one of Austin’s most beloved neighborhoods.

Residence 311 presents a rare opportunity to own in this sought-after development as a limited collection of developer-owned residences becomes available for the first time. This spacious one-bedroom is anything but ordinary, offering generous proportions, abundant natural light, and smart functionality throughout.

The open-concept living space centers around a sleek Italkraft kitchen featuring premium stainless steel appliances, an oversized island, continuous quartz backsplash, and an extended pantry cabinet. Herringbone hardwood flooring adds warmth and character, while the living and dining areas flow seamlessly onto a private covered terrace—perfect for morning coffee or unwinding at the end of the day.

The oversized primary bedroom offers plenty of flexibility for a home office, fitness space, or reading nook and connects to a spa-inspired bath with dual vanities and a frameless glass shower. A massive walk-in closet with provides exceptional storage.

Finished in One Oak’s dramatic design package, Residence 311 combines sophisticated finishes with a highly livable floor plan. Residents enjoy an impressive collection of amenities, including a resort-style infinity-edge pool, indoor and outdoor fitness spaces, co-working lounges, and multiple areas for gathering and entertaining.

Experience the best of Bouldin Creek living—central, sophisticated, and unmistakably Austin.

At $585/sqft, this home is priced 49% 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 #311, Austin, TX 78704

Property Details

Price $479,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 819 sqft
Lot Size 0.02 acres (801.5 sqft)
Year Built 2024
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Bouldin
County Travis
Zip Code 78704
$/sqft $585/sqft
Days on Market ,
HOA $393.12/Monthly
Annual Tax Est. $9,222
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT246480140
List Date September 11, 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 #220
One Oak Condos
$464,999 $568 1 bd / 1 ba 819 sqft , 2026-03-16
1600 S 1st St #201
Willa
$499,000 $591 1 bd / 1 ba 845 sqft , 2025-12-12
1504 Collier St #7
Lyric Condo Amd
$499,000 $464 1 bd / 2 ba 1,076 sqft , 2026-06-19
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

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
$2,299/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
$95,800
20% conventional investment loan

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

Estimated Gross Rent+$2,299
Principal + Interest−$2,614
Property Tax (~2.1% TX avg)−$838
Insurance (~0.5%)−$200
Est. Monthly Cash Flow $-1,353

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 September 20, 2026.

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