Active Listing  ·  88 days on market

2323 S Lamar Blvd #206

Austin, TX 78704
$959,000
2 Bed 2 Bath 1,310 sqft $732/sqft Built 2026 1.48 acres 2-Car Garage Pool New Construction Precision Add

*Short term rental opportunity* Welcome to The Code: a modern collection of furnished hotel-condo residences located in the heart of Zilker. Designed for buyers who value flexibility, The Code offers a rare short term rental ownership opportunity that blends private residential living with professional hospitality-level rental management. With all rental operations, maintenance, and bookings managed by AvantStay, each residence can be placed in the rental program when not owner-occupied.

Each residence is delivered fully furnished in partnership with Williams Sonoma, with functional layouts and kitchens designed for real use. Durable finishes and cohesive design palettes create a home that is ready for personal use or booking through the hotel platform. Ownership is intentionally simple, with day-to-day operations, housekeeping, and maintenance handled end-to-end so the residence works seamlessly whether you are in Austin or away.

Just moments from Zilker Park, ACL Fest, the greenbelt, South Lamar dining, downtown Austin, and the University of Texas, The Code is positioned within one of Austin’s most consistently in-demand neighborhoods.

Amenities include a resident lounge with Cuvée Coffee & Cocktails, a temperature-controlled pool, and The Lookout rooftop deck with views of downtown Austin.

These hotel-condo residences support both short- and long-term stays through a professionally managed hotel program, making them well suited for second-home buyers, UT parents, Austin-based owners seeking flexibility, and anyone prioritizing professionally managed furnished residences.

Contact the sales team for current availability, pricing, and ownership details.

At $732/sqft, this home is priced 87% 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

2323 S Lamar Blvd #206, Austin, TX 78704

Property Details

Price $959,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,310 sqft
Lot Size 1.48 acres (64,603.84 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Precision Add
County Travis
Zip Code 78704
$/sqft $732/sqft
Days on Market ,
HOA $707/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT229289703
List Date May 8, 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
708 W Elizabeth St
South Heights
$950,000 $568 3 bd / 2 ba 1,674 sqft , 2026-04-29
48 East Ave #2611
Natiivo
$950,000 $917 2 bd / 2 ba 1,036 sqft , 2026-05-19
6308 Nasco Dr
Allandale
$950,000 $634 3 bd / 2 ba 1,498 sqft , 2026-05-18
48 East Ave #2911
Natiivo
$949,900 $917 2 bd / 2 ba 1,036 sqft , 2026-05-07
84 East Ave #3106
Rainey District
$969,000 $792 2 bd / 2 ba 1,224 sqft , 2026-07-30

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
$4,603/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
$191,800
20% conventional investment loan

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

Estimated Gross Rent+$4,603
Principal + Interest−$5,234
Property Tax (~2.1% TX avg)−$1,678
Insurance (~0.5%)−$400
Est. Monthly Cash Flow $-2,709

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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