Active Listing  ·  7 days on market

1422 Collier St #105

Austin, TX 78704
$260,000
1 Bed 1 Bath 525 sqft $495/sqft Built 1972 0.03 acres Pool Flamingo Condo

Rare Zilker opportunity! Just steps off S Lamar Blvd, this well laid-out 525 SQ FT 1BD/1BA condo at The Flamingo rarely comes up for sale. Freshly painted throughout with brand-new luxury vinyl plank flooring, the home feels crisp, clean, and move-in ready. The open kitchen with bar seating flows into the living room, which opens to a fenced back patio - a true rarity for condo living, perfect for morning coffee or evening relaxation. The bedroom is generously sized and bright, with an ample walk-in closet that also houses the stacked washer and dryer. All appliances convey.

The Flamingo itself is part of the appeal: residents enjoy reserved covered parking, excellent landscaping, and a gated community pool with a shaded pergola - ideal for warm Austin afternoons. It's a small, well-kept complex where units rarely turn over, making this a special chance to own here.

The location is unbeatable - minutes from Barton Springs Pool, Zilker Park, and the Lady Bird Lake trail, with the shops, coffee spots, and restaurants along S Lamar and South First right at your doorstep. Downtown Austin is a quick drive away, giving you a quiet, tree-lined setting with the city's energy always within reach.

Whether you're a first-time buyer, a downsizer wanting low-maintenance living, or an investor seeking a proven, low-turnover property, this condo checks every box. Opportunities at The Flamingo don't last - schedule your showing today!

At $495/sqft, this home is priced 27% 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

1422 Collier St #105, Austin, TX 78704

Property Details

Price $260,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 525 sqft
Lot Size 0.03 acres (1,093.36 sqft)
Year Built 1972
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Flamingo Condo
County Travis
Zip Code 78704
$/sqft $495/sqft
Days on Market ,
HOA $267/Monthly
Annual Tax Est. $5,303.1
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241109774
List Date July 28, 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
2210 Pearl St #301
Pearl At 22 01 02 Condo
$259,000 $505 2 bd / 1 ba 513 sqft , 2026-05-20
1509 W 39th 1/2 St #208
Dow A I Add
$264,900 $378 1 bd / 1 ba 701 sqft , 2026-07-10
2210 Pearl St #304
Pearl At 22 01 02 Condo
$255,000 $497 2 bd / 1 ba 513 sqft , 2026-01-07
2901 San Jacinto Blvd #204
Oakview Condo
$265,000 $408 1 bd / 1 ba 650 sqft , 2026-04-21
3004 Speedway Ave #2
Gateway Condo
$254,900 $455 1 bd / 1 ba 560 sqft , 2026-04-01

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
$1,248/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
$52,000
20% conventional investment loan

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

Estimated Gross Rent+$1,248
Principal + Interest−$1,419
Property Tax (~2.1% TX avg)−$455
Insurance (~0.5%)−$108
Est. Monthly Cash Flow $-734

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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