Active Listing  ·  4 days on market

2209 S 1st St #401

Austin, TX 78704
$1,849,000
3 Bed 3 Bath 2,013 sqft $919/sqft Built 2024 0.04 acres 2-Car Garage Pool New Construction One Oak Condominiums

Welcome to One Oak, an exclusive boutique condo community located in the heart of Austin’s sought-after Bouldin neighborhood in 78704. Just steps from the vibrant South First and South Congress corridors, this Canopy Penthouse Collection residence seamlessly blends elevated design with one of the city’s most walkable and desirable locations. Inside, an open-concept layout of this One Of A Kind Penthouse is brought to life by floor-to-ceiling windows that frame sweeping views of Downtown Austin and Bouldin Creek throughout the unit. The chef’s kitchen is a modern showpiece, featuring sleek Italkraft cabinetry, quartz countertops, and a premium Bosch appliance package—perfectly balancing function and style. The primary suite is your personal sanctuary, offering a spa-like bath with a freestanding soaking tub, walk-in shower, full-wall tile, dual vanities, and backlit mirrors. The primary bedroom features stunning city views, adding to the penthouse’s elevated lifestyle. The rooftop deck spans the length of the unit and is an entertainer’s dream with panoramic views, perfect for relaxing or hosting under the Austin sky. Whether it’s lounging, dining, or creating your own outdoor retreat, this space offers unmatched versatility and charm with vibrant views of the Austin skyline coupled with greenery views of Bouldin Creek. Additional features include two dedicated garage parking spaces, plus access to resort-style amenities: a sparkling pool with BBQ grills and a fire pit, a state-of-the-art gym, yoga lawn, chic owner’s lounge, co-working spaces, and even cold storage for grocery deliveries. One Oak delivers luxury, lifestyle, and location—right in the heart of Austin.

At $919/sqft, this home is priced 134% 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 #401, Austin, TX 78704

Property Details

Price $1,849,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,013 sqft
Lot Size 0.04 acres (1,951.49 sqft)
Year Built 2024
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision One Oak Condominiums
County Travis
Zip Code 78704
$/sqft $919/sqft
Days on Market ,
HOA $967/Monthly
Annual Tax Est. $19,647.5
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT247234093
List Date September 18, 2026
Elementary School Travis Hts
Middle School Travis
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
1912 Hether St
Shelton Margaret G
$1,850,000 $740 4 bd / 4 ba 2,499 sqft , 2026-09-10
1704 Travis Heights Blvd
Travis Heights
$1,999,000 $774 3 bd / 2 ba 2,583 sqft , 2026-09-11
1317 Newning Ave
Michaels Fairview Park 02
$1,999,500 $999 3 bd / 1 ba 2,002 sqft , 2026-04-10
212 Fletcher St
La Prelle Place Resub
$2,075,000 $806 3 bd / 5 ba 2,573 sqft , 2026-04-22
900 S 2nd St #30
Bouldin Court Condos
$1,590,000 $601 3 bd / 3 ba 2,644 sqft , 2026-07-11

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
$8,875/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
$369,800
20% conventional investment loan

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

Estimated Gross Rent+$8,875
Principal + Interest−$10,091
Property Tax (~2.1% TX avg)−$3,236
Insurance (~0.5%)−$770
Est. Monthly Cash Flow $-5,222

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 September 21, 2026.

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