Active Listing  ·  90 days on market

700 S 1ST St #103

Austin, TX 78704
$279,000
2 Bed 2 Bath 970 sqft $288/sqft Built 1985 Pool VIEWPOINT CONDOMINIUMS

It’s hard to beat this location! Tucked on South First directly across from the Texas School for the Deaf and a quick 5 minute walk to Barton Springs Rd, this two bedroom, two full bath condo sits in a friendly, established complex where neighbors actually know each other. A fireplace anchors the living space as a natural focal point, and the dedicated dining room with built-in cabinets offers a rare bit of extra function for a condo this size. The home is ready for updating throughout, giving the next owner a chance to make it their own in one of Austin’s best locations. Sold as part of an estate; no Seller’s Disclosure Notice is available.

At $288/sqft, this home is 27% 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

700 S 1ST St #103, Austin, TX 78704

Property Details

Price $279,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 970 sqft
Lot Size ,
Year Built 1985
Garage ,
Stories ,
Type Residential · Condominium
Subdivision VIEWPOINT CONDOMINIUMS
County Travis
Zip Code 78704
$/sqft $288/sqft
Days on Market ,
HOA $400/Monthly
Annual Tax Est. $912.98
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237360623
List Date June 25, 2026
Elementary School Zilker
Middle School Lively
High School Travis
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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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 · June 25, 2026 $320,000
Current ask $279,000
Reduced $41,000 (-12.8%) 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
300 Crockett St #114
Courtyard Condo Amd
$294,500 $346 2 bd / 1 ba 851 sqft , 2026-04-11
1900 Barton Springs Rd #2003
ZILKR ON THE PARK
$295,000 $436 1 bd / 1 ba 677 sqft , 2026-03-02
1202 Newning Ave #311
Madrid
$299,999 $271 2 bd / 1 ba 1,107 sqft , 2025-05-29
507 Sabine St #404
Sabine On 05 Residential Condo
$249,900 $343 1 bd / 1 ba 728 sqft , 2026-07-03
300 Crockett St #315
Courtyard Condo Amd
$244,900 $354 1 bd / 1 ba 692 sqft , 2026-05-14

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
$1,339/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
$55,800
20% conventional investment loan

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

Estimated Gross Rent+$1,339
Principal + Interest−$1,523
Property Tax (~2.1% TX avg)−$488
Insurance (~0.5%)−$116
Est. Monthly Cash Flow $-788

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 September 10, 2026.

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