Active Listing  ·  3 days on market

2525 S Lamar Blvd #206

Austin, TX 78704
$385,000
1 Bed 1 Bath 861 sqft $447/sqft Built 2007 0.04 acres Pool Spaces 2525 Condo

Excellent investment opportunity in the heart of South Austin! This gated 1-bedroom, 1-bath condo offers a compelling combination of location, convenience, and income potential. Currently operating as an active short-term rental, this property boasts a strong occupancy history and great guest reviews, making it an attractive option for investors or buyers seeking an STR opportunity. The low HOA fee helps keep ownership costs manageable while the reserved covered parking space adds everyday convenience and value. Ideally situated near the vibrant SoLa entertainment district, residents and guests enjoy easy access to some of South Austin’s most popular destinations, including Matt’s El Rancho, Black Sheep Lodge, The Broken Spoke, and an array of restaurants, bars, live music, shopping, and local attractions. The gated community provides added privacy and security while maintaining a convenient location just minutes from downtown Austin. Whether you’re looking for a proven investment, a weekend getaway, or a place to call home, this centrally located condo offers flexibility and exceptional access to the best of Austin.

At $447/sqft, this home is priced 14% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2525 S Lamar Blvd #206, Austin, TX 78704

Property Details

Price $385,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 861 sqft
Lot Size 0.04 acres (1,616.08 sqft)
Year Built 2007
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Spaces 2525 Condo
County Travis
Zip Code 78704
$/sqft $447/sqft
Days on Market ,
HOA $220/Monthly
Annual Tax Est. $7,029.64
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244137022
List Date August 21, 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.

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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 Road Rd #2305
Thornton Trails
$385,000 $405 2 bd / 1 ba 950 sqft , 2026-05-04
2505 Thornton Road Rd #3201
Thornton Trails
$385,000 $458 1 bd / 1 ba 840 sqft , 2026-06-23
1741 Spyglass Dr #2-104
One Barton Place Condo
$389,000 $415 2 bd / 2 ba 938 sqft , 2026-03-04
3600 S Lamar Blvd #210
Greenview On Barton Creek Condo
$389,900 $356 1 bd / 2 ba 1,095 sqft , 2026-08-13
1741 Spyglass Dr #1-127
One Barton Place Condo
$380,000 $425 2 bd / 2 ba 894 sqft , 2026-05-07

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
$1,848/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
$77,000
20% conventional investment loan

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

Estimated Gross Rent+$1,848
Principal + Interest−$2,101
Property Tax (~2.1% TX avg)−$674
Insurance (~0.5%)−$160
Est. Monthly Cash Flow $-1,087

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 August 22, 2026.

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