Active Listing  ·  76 days on market

2323 S Lamar Blvd #204

Austin, TX 78704
$599,000
1 Bed 1 Bath 849 sqft $706/sqft Built 2025 0.98 acres 1-Car Garage Pool New Construction Precision Add

Welcome to Residence 204 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 204 is a bright, pool-facing 1-bedroom, 1-bath home with a bonus den, offering 849 square feet of thoughtfully designed living space. 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. Step outside onto your private balcony overlooking the resort-style pool, or settle into a home that’s completely turnkey from day one. Furniture, appliances, linens, and thoughtfully selected finishes are all included, along with dedicated parking.

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, offering a level of flexibility rarely found in Austin condominium living.

Hospitality operations, housekeeping, concierge services, and the 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 204 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 $706/sqft, this home is priced 81% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2323 S Lamar Blvd #204, Austin, TX 78704

Property Details

Price $599,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 849 sqft
Lot Size 0.98 acres (42,906.6 sqft)
Year Built 2025
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Precision Add
County Travis
Zip Code 78704
$/sqft $706/sqft
Days on Market ,
HOA $552/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT244959626
List Date August 28, 2026
Elementary School Zilker
Middle School O Henry
High School Austin
School District Austin ISD

Austin ISD

Zilker · O Henry · Austin

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
613 Peacock Ln
Decker
$542,500 $942 1 bd / 1 ba 576 sqft , 2026-07-31
2906 S 1st St #201
Starlite Lofts
$495,000 $434 1 bd / 1 ba 1,140 sqft , 2026-10-26
1307 Kinney Ave #140
Ashton Green Condo
$450,000 $409 2 bd / 3 ba 1,101 sqft , 2026-08-10
2323 S Lamar Blvd #237
Precision Add
$749,000 $693 2 bd / 2 ba 1,081 sqft , 2026-08-28
3809 Valley View Rd #19
Valley View Sub
$435,000 $418 2 bd / 2 ba 1,040 sqft , 2026-08-21

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
$2,875/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
$119,800
20% conventional investment loan

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

Estimated Gross Rent+$2,875
Principal + Interest−$3,269
Property Tax (assumed ~2.1%)−$1,048
Insurance (assumed ~0.5%)−$250
Est. Monthly Cash Flow $-1,692

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 · 41 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. The written content was last updated on September 2, 2026.

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

Save this home