Active Listing  ·  39 days on market

2209 S 1st St #328

Austin, TX 78704
$874,000
2 Bed 2 Bath 1,323 sqft $661/sqft Built 2025 0.03 acres 2-Car Garage Pool One Oak Condos

Welcome home to the heart of Austin’s highly walkable Bouldin Creek neighborhood. Perched on the southeast corner, this modern condo at One Oak offers over 1,400 square feet of indoor and outdoor living, blending comfort with urban convenience. Bathed in natural light, the home looks out over the lush Bouldin Creek greenbelt, creating a quiet, green backdrop for daily life. Inside, you will find white oak flooring throughout and clean Italkraft cabinetry. The kitchen features a full suite of Bosch appliances, marbled quartz countertops and backsplash, under-cabinet lighting, and an upgraded pantry wall with plenty of storage.

The spacious primary suite offers a flexible layout with room for a home office, seating area, or fitness nook. Its attached bathroom includes dual sinks, an oversized shower, and a linen pantry, while both bedrooms feature generous walk-in closets. A few thoughtful details are currently being added to enhance the home's functionality, including a custom California closet system, modern ceiling fans and RH / Crate & Barrel lighting fixtures throughout, and a practical entry mudroom drop zone. Outside, the private covered patio sits level with the tree canopy, offering a peaceful spot to relax to the sound of the creek below.

While the property feels like a quiet retreat, it is just steps from the independent shops and dining along South First and South Congress. You can easily walk to Swedish Hill, Once Over Coffee, La La Land, or Maribu for your morning coffee, or grab dinner at Elizabeth Street Cafe, Lenoir, or Nomade. Evenings are easy with Dolce Neve gelato or House Wine just down the street. Balancing central Austin energy with a quiet natural setting, this home offers a great opportunity to enjoy the best of Bouldin Creek. All appliances and furnishings are negotiable.

At $661/sqft, this home is priced 69% 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 #328, Austin, TX 78704

Property Details

Price $874,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,323 sqft
Lot Size 0.03 acres (1,285.02 sqft)
Year Built 2025
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision One Oak Condos
County Travis
Zip Code 78704
$/sqft $661/sqft
Days on Market ,
HOA $568/Monthly
Annual Tax Est. $16,076.33
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237646059
List Date June 26, 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
7705 Shelton Rd
Burleson
$875,000 $518 3 bd / 2 ba 1,689 sqft , 2026-01-08
1801 Travis Heights Blvd
Travis Heights
$875,000 $827 3 bd / 1 ba 1,058 sqft , 2026-01-09
610 Davis St #2508
The Modern Austin Residences
$875,000 $745 2 bd / 2 ba 1,174 sqft , 2026-05-21
302 Ben Howell Dr
Live Oak Grove Addn
$875,000 $662 3 bd / 2 ba 1,322 sqft , 2026-06-23
900 S 2nd St #22
Bouldin Court Condos
$869,500 $696 2 bd / 3 ba 1,250 sqft , 2026-04-09

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
$4,195/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
$174,800
20% conventional investment loan

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

Estimated Gross Rent+$4,195
Principal + Interest−$4,770
Property Tax (~2.1% TX avg)−$1,530
Insurance (~0.5%)−$364
Est. Monthly Cash Flow $-2,469

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

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