Active Listing  ·  110 days on market

2209 S 1st St #403

Austin, TX 78704
$1,199,000
3 Bed 3 Bath 1,619 sqft $741/sqft Built 2024 0.03 acres 2-Car Garage Pool New Construction Bouldin

Welcome to One Oak a premier boutique condominium community perfectly positioned in Austins highly coveted Bouldin Creek neighborhood. Just steps from the vibrant South First and South Congress corridors, this top floor Canopy Penthouse Collection residence combines elevated modern design with one of the city's most walkable, sought-after locations.

Inside, the open-concept layout is defined by soaring 10 ft ceilings and floor-to-ceiling windows that fill the home with natural light. The thoughtfully designed floor plan includes three spacious bedrooms and three full bathrooms. The chef-inspired kitchen features custom Italkraft cabinetry, sleek quartz countertops, and a premium Bosch appliance package, offering the perfect balance of style and performance.

The primary suite is a private retreat, complete with a spa-like bath featuring a freestanding soaking tub, dual vanities, backlit mirrors, and an oversized glass shower. A sliding glass door opens to a private section of the expansive 400+ sq ft terrace, offering stunning views of the downtown skyline and the lively South 1st corridor - an ideal setting for morning coffee, evening entertaining, or relaxing under the Austin sky.

Additional highlights include two dedicated garage parking spaces and access to One Oaks resort-style amenities: an infinity-edge pool with BBQ grills and fire pit, state-of-the-art fitness center, yoga lawn, owners lounge, co-working spaces, and cold storage for deliveries.

Contact the listing agent for details on off-market opportunities.

At $741/sqft, this home is priced 90% 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 #403, Austin, TX 78704

Property Details

Price $1,199,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 1,619 sqft
Lot Size 0.03 acres (1,145.63 sqft)
Year Built 2024
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Bouldin
County Travis
Zip Code 78704
$/sqft $741/sqft
Days on Market ,
HOA $777.12/Monthly
Annual Tax Est. $19,726
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT226500734
List Date April 16, 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
904 Josephine St
Okie Heights
$1,199,000 $735 3 bd / 2 ba 1,632 sqft , 2026-03-12
84 East Ave #3801
Rainey District
$1,199,000 $927 2 bd / 2 ba 1,293 sqft , 2026-07-30
3510 Tom Miller St #1
Mueller Sec 11 Sub
$1,199,900 $574 3 bd / 3 ba 2,090 sqft , 2026-06-19
40 Waller St
Lambies R C Resub Voss
$1,200,000 $826 4 bd / 2 ba 1,452 sqft , 2025-11-25
3309 Goodwin Ave #A
Division A
$1,200,000 $643 3 bd / 3 ba 1,865 sqft , 2026-03-13

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
$5,755/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
$239,800
20% conventional investment loan

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

Estimated Gross Rent+$5,755
Principal + Interest−$6,543
Property Tax (~2.1% TX avg)−$2,098
Insurance (~0.5%)−$500
Est. Monthly Cash Flow $-3,386

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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