Active Listing  ·  25 days on market

2323 S Lamar Blvd #128

Austin, TX 78704
$399,000
1 Bed 1 Bath 560 sqft $713/sqft Built 2026 1.48 acres 1-Car Garage Pool New Construction Precision Add

Welcome to Residence 128 at The Code, a rare turnkey ownership opportunity in the heart of Zilker, where thoughtfully designed residences meet hotel-inspired hospitality and exceptional flexibility.

Residence 128 is a bright, pool-facing 1-bedroom, 1-bath home with convenient ground-floor access. Finished in the warm Shady Grove palette, the residence pairs White Oak finishes with a Bosch stainless steel appliance package and a clean, contemporary aesthetic.

Best of all, it’s completely turnkey. Furniture, appliances, linens, and thoughtfully selected finishes are all included, making Residence 128 ready to enjoy from day one.

What truly sets The Code apart is the freedom to own on your terms. Make it your full-time Austin residence, keep it as a lock-and-leave pied-à-terre, or take advantage of the building’s professionally managed rental program when you’re away.

The Code accommodates short-, mid-, and long-term stays, giving owners a level of flexibility rarely found in Austin condominium living. Hospitality operations, housekeeping, concierge services, and a resort-style pool and lounge are managed on-site by AvantStay, the building’s exclusive hospitality operator, creating a seamless experience for owners and guests alike.

Located at 2323 S. Lamar Boulevard, The Code puts you in the middle of one of Austin’s most iconic neighborhoods. Barton Springs, Zilker Park, the Lady Bird Lake hike-and-bike trail, and the restaurants, bars, coffee shops, and live music of South Lamar are all just minutes away.

Whether you’re looking for a primary residence, an Austin home base, or a property that can generate rental income while you’re away, Residence 128 offers a rare combination of ownership, hospitality, and flexibility in the heart of the city.

Own like a local. Stay like a guest. Earn when you’re away. This is The Code.

At $713/sqft, this home is priced 81% 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

2323 S Lamar Blvd #128, Austin, TX 78704

Property Details

Price $399,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 560 sqft
Lot Size 1.48 acres (64,603.84 sqft)
Year Built 2026
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Precision Add
County Travis
Zip Code 78704
$/sqft $713/sqft
Days on Market ,
HOA $707/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT244960966
List Date August 28, 2026
Elementary School Zilker
Middle School O Henry
High School Austin
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
2505 Thornton Rd #2204
Thornton Trails
$349,000 $475 1 bd / 1 ba 735 sqft , 2026-05-27
2403 S 2nd St
Bouldin
$450,000 $804 2 bd / 1 ba 560 sqft , 2026-04-17
2505 Thornton Rd #2211
Thornton Trails
$299,000 $401 1 bd / 1 ba 745 sqft , 2026-02-25
2323 S Lamar Blvd #202
Precision Add
$499,000 $673 1 bd / 1 ba 741 sqft , 2026-08-25
2200 Dickson Dr #127
Akoya Condo Amd
$269,000 $420 1 bd / 1 ba 640 sqft , 2026-02-09

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
$1,915/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
$79,800
20% conventional investment loan

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

Estimated Gross Rent+$1,915
Principal + Interest−$2,178
Property Tax (~2.1% TX avg)−$698
Insurance (~0.5%)−$166
Est. Monthly Cash Flow $-1,127

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 2, 2026.

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