Active Listing  ·  17 days on market

2906 S 1st St #201

Austin, TX 78704
$495,000
1 Bed 1 Bath 1,140 sqft $434/sqft Built 2008 0.03 acres Pool Starlite Lofts

Located in the heart of South Austin, this beautifully updated loft-style condo offers 1,140 square feet of open, thoughtfully designed living space. White oak floors run throughout the spacious, open-concept layout, while floor-to-ceiling windows bring in an abundance of natural light. The updated kitchen features flush cabinetry, a built-in microwave, a built-in refrigerator equipped with cocktail ice, and a double-drawer dishwasher. Smart-home features include smartphone-compatible controls and locks, along with Lutron lighting and shades. Custom blackout curtains line the windows for added comfort and privacy. This end-unit features a private covered porch and a designated covered parking spot right below the unit for added everyday convenience. Monthly HOA dues include water, sewer, trash and recycling, building maintenance, and building insurance. Just minutes from South Congress, downtown, and some of Austin's favorite restaurants and shops, this is an ideal spot for enjoying everything the city has to offer. Furnishings may also be available with the sale, subject to exclusions and substitutions.

At $434/sqft, this home is priced 11% 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

2906 S 1st St #201, Austin, TX 78704

Property Details

Price $495,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 1,140 sqft
Lot Size 0.03 acres (1,089 sqft)
Year Built 2008
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Starlite Lofts
County Travis
Zip Code 78704
$/sqft $434/sqft
Days on Market ,
HOA $318/Monthly
Annual Tax Est. $6,097.54
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT250945932
List Date October 26, 2026
Elementary School Galindo
Middle School Lively
High School Travis
School District Austin ISD

Austin ISD

Galindo · Lively · Travis

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
3606 Villa Ct #2
3606 Villa Court Condo
$499,000 $457 2 bd / 2 ba 1,092 sqft , 2026-07-19
219 Lessin Ln #15
Post Road
$499,000 $547 2 bd / 3 ba 912 sqft , 2026-10-09
2209 S 1st St #113
One Oak Condominiums
$499,500 $610 1 bd / 1 ba 819 sqft , 2026-01-08
610 Clifford Dr #B
Harkins C E
$509,000 $440 2 bd / 3 ba 1,158 sqft , 2026-11-01
2209 S 1st St #311
Bouldin
$479,000 $585 1 bd / 1 ba 819 sqft , 2026-09-11

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
$2,376/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
$99,000
20% conventional investment loan

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

Estimated Gross Rent+$2,376
Principal + Interest−$2,701
Property Tax (assumed ~2.1%)−$866
Insurance (assumed ~0.5%)−$206
Est. Monthly Cash Flow $-1,397

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 · 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 October 28, 2026.

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

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