About This Home

This newly-built, architect-designed home on a two-house lot in Bouldin Creek puts you close to everything Austin has to offer. Walk to South Congress, South First, South Lamar, and auditorium shores. Easy bike ride or public transportation to downtown. Inside you’ll find a spacious 3BR, 2.5BA, with ample kitchen and living areas looking onto a shady private back yard. The primary suite opens onto a protected outdoor deck, and has ample closet space and a luxurious bath. The other two bedrooms are perfect for a family – or flexible enough to accommodate roommates, home offices, or hobbies. Feels much larger than the square footage indicates. Must see!

At $552/sqft, this home is priced 40% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2308 S 2nd St #2, Austin, TX 78704

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Property Details

Price $1,075,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths 1

Living Area 1,946 sqft

Lot Size 0.17 acres (7,326.79 sqft)

Year Built 2026

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Loma Linda

County Travis

Zip Code 78704

$/sqft $552/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $11,843.38

Pool Yes

Waterfront ,

New Construction Yes

MLS # ACT227144241

List Date May 19, 2026

Elementary School Becker

Middle School Lively

High School Travis

School District ,

Have Questions About This Property?

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 19, 2026 $1,299,000

Previous ask $1,249,000

Current ask $1,075,000

▼ Reduced $224,000 (-17.2%) 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

2611 Oak Crest Ave #B
Oak Ridge Heights Sec 01 $1,060,000 $614 3 bd / 3 ba 1,727 sqft , 2026-04-17

2301 S 5th St #5
South 05 Amd $1,090,000 $529 3 bd / 4 ba 2,060 sqft , 2026-06-22

2701 Friar Tuck Ln
Sherwood Oaks Sec 04 $1,095,000 $489 4 bd / 3 ba 2,238 sqft , 2026-09-09

3204 Overcup Oak Dr #A
South Terrace $1,099,999 $491 4 bd / 5 ba 2,242 sqft , 2026-09-10

2308 S 2nd St #1
Loma Linda $1,050,000 $540 3 bd / 3 ba 1,946 sqft , 2026-09-10

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

$5,160/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

$215,000

20% conventional investment loan

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

Estimated Gross Rent+$5,160

Principal + Interest−$5,867

Property Tax (~2.1% TX avg)−$1,881

Insurance (~0.5%)−$448

Est. Monthly Cash Flow $-3,036

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

About the Author

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 16, 2026.

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

2308 S 2nd St #2