Active Listing  ·  26 days on market

5616 S 1st St #18

Austin, TX 78745
$499,000
3 Bed 3 Bath 1,687 sqft $296/sqft Built 2016 0.14 acres 1-Car Garage Pool Creekside Homes Condo

**5.99% 30-yr Fixed Rate Available! Contact for more details** Tucked into Creekside, a private enclave of detached homes in South Austin, this corner-lot home offers low-maintenance curb appeal with a covered front porch, mature trees, and a xeriscaped patio. Inside, vaulted ceilings, abundant windows, and a mix of wood, tile, and polished concrete floors create a bright, open interior. The kitchen has quartz countertops, stainless steel appliances, a gas range, and a breakfast bar, opening onto connected living and dining spaces.

The primary suite is on the main level, with polished concrete floors and an ensuite bath with a double vanity. Upstairs are two additional bedrooms with wood flooring, one with a walk-in closet.

The backyard is one of the larger, more private lots in the community, fully fenced, shaded by native trees, with a partially covered patio strung with cafe; lights, and a concrete patio for grilling or lounging. 1-car garage plus an additional parking space, and it’s located right near designated guest parking for the community.

Three bedrooms. Two and a half baths. 1,687 square feet in one of South Austin's most connected locations.

This corner-lot home is minutes from the St. Elmo District, South Congress, South Lamar, and Michelin Star rated Leroy & Lewis Barbecue, with downtown just 10–15 minutes away. Quick access to US 290, Ben White, IH-35, MoPac, and the airport makes commuting and travel easy.

At $296/sqft, this home is 24% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

5616 S 1st St #18, Austin, TX 78745

Property Details

Price $499,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,687 sqft
Lot Size 0.14 acres (5,985.14 sqft)
Year Built 2016
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Creekside Homes Condo
County Travis
Zip Code 78745
$/sqft $296/sqft
Days on Market ,
HOA $658/Quarterly
Annual Tax Est. $9,983.12
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241354516
List Date July 29, 2026
Elementary School Odom
Middle School Bedichek
High School Crockett
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 →

Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · July 29, 2026 $515,000
Current ask $499,000
Reduced $16,000 (-3.1%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
5919 Idlewood Cv
Flournoys Sweetbriar Sec 10
$499,000 $327 4 bd / 2 ba 1,524 sqft , 2026-05-19
1325 Central Park Ct
Central Park (Salem Center Resub Of Lt B-1)
$499,000 $330 3 bd / 3 ba 1,514 sqft , 2026-06-24
900 Austin Highlands Blvd
Austin Highlands Sec 01
$500,000 $275 3 bd / 2 ba 1,816 sqft , 2026-07-31
2015 Fair Oaks Dr
Southern Oaks Sec 01
$497,900 $428 3 bd / 2 ba 1,164 sqft , 2026-06-02
1108 Gobi Dr
Oasis Village Sec 04
$490,000 $246 4 bd / 3 ba 1,994 sqft , 2026-08-13

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
$2,395/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
$99,800
20% conventional investment loan

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

Estimated Gross Rent+$2,395
Principal + Interest−$2,723
Property Tax (~2.1% TX avg)−$873
Insurance (~0.5%)−$208
Est. Monthly Cash Flow $-1,409

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 14, 2026.

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