Active Listing  ·  95 days on market

2209 S 1st St #332

Austin, TX 78704
$479,000
1 Bed 1 Bath 819 sqft $585/sqft Built 2025 0.02 acres 1-Car Garage Pool One Oak Condominiums

ONLY COURTYARD FACING 1 bed with study available in building. Washer/dryer, electric blinds, upgraded backsplash, large added pantry and refrigerator are included in sale. Residence 332 at One Oak is a rare opportunity to buy into this highly desirable development. This residence is a generously scaled one-bedroom/study without compromise. An expansive open Italkraft kitchen with state-of-the-art Bosch appliances and upgraded pantry wall seamlessly flows to a formal dining area and living room with oversized windows bringing in plenty of natural light. A private covered terrace allows for a dining table or lounge seating facing North with views of the courtyard and pool with no direct morning or afternoon sunlight. Its the perfect blend of light without bright. The dedicated study allows additional space for a home office, fitness area, reading nook, and more. The four-fixture bath is one of a kind with a customized shower with bench seating. The entire residence features Oak Oak’s exclusive classic design scheme. Almost new, vacant and ready for a quick closing. its your ideal entrance into Austin’s most coveted condominium community.

At $585/sqft, this home is priced 49% 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 #332, 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 (797.15 sqft)
Year Built 2025
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision One Oak Condominiums
County Travis
Zip Code 78704
$/sqft $585/sqft
Days on Market ,
HOA $393.12/Monthly
Annual Tax Est. $7,853
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230790119
List Date May 21, 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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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 · May 21, 2026 $495,000
Previous ask $489,000
Current ask $479,000
Reduced $16,000 (-3.2%) 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
1307 Kinney Ave #140
Ashton Green Condo
$470,000 $427 2 bd / 3 ba 1,101 sqft , 2026-08-10
2209 S 1st St #220
One Oak Condos
$464,999 $568 1 bd / 1 ba 819 sqft , 2026-03-16
2209 S 1st St #223
Bouldin
$459,000 $560 1 bd / 1 ba 819 sqft , 2026-06-19
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

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 →

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 August 22, 2026.

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