Active Listing  ·  147 days on market

2209 S 1st. St #408

Austin, TX 78704
$1,499,000
3 Bed 3 Bath 2,114 sqft $709/sqft Built 2024 0.03 acres 2-Car Garage Pool New Construction Bouldin

HUGE 200k Price Reduction. 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 475 sq ft 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 $709/sqft, this home is priced 81% 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 #408, Austin, TX 78704

Property Details

Price $1,499,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,114 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 $709/sqft
Days on Market ,
HOA $1,014.72/Monthly
Annual Tax Est. $2,460.5
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT222042507
List Date March 10, 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 →

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 · March 10, 2026 $1,699,000
Current ask $1,499,000
Reduced $200,000 (-11.8%) 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
13033 Highway Fm 2769 None
Blakey
$1,499,000 $750 3 bd / 3 ba 2,000 sqft , 2026-01-02
2615 Deerfoot Trl
Oaks Barton
$1,499,000 $811 3 bd / 3 ba 1,848 sqft , 2026-06-09
1506 W Saint Johns Ave
Crestview
$1,499,000 $582 4 bd / 3 ba 2,577 sqft , 2026-06-12
2214 Garden St #2
Mildred Garden Condos
$1,499,000 $595 3 bd / 4 ba 2,520 sqft , 2026-07-10
7012 Yates Ave
Crestview
$1,499,000 $599 4 bd / 4 ba 2,501 sqft , 2026-07-29

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
$7,195/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
$299,800
20% conventional investment loan

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

Estimated Gross Rent+$7,195
Principal + Interest−$8,181
Property Tax (~2.1% TX avg)−$2,623
Insurance (~0.5%)−$625
Est. Monthly Cash Flow $-4,234

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.

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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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