Active Listing  ·  3 days on market

802 S 1st St #202

Austin, TX 78704
$314,900
1 Bed 1 Bath 579 sqft $544/sqft Built 1984 0.05 acres Pool Bouldin Creek Condo Amd

Beautifully updated 2nd-floor condo in the heart of Bouldin Creek, surrounded by mature trees and lush foliage. This charming home features striking real wood floors, granite countertops, gorgeous plaster crown molding, double-pane windows and doors, and a cozy remodeled fireplace. The open floorplan creates an inviting flow throughout the living spaces, while the primary bedroom offers a fantastic surprise: pull-down stairs lead to amazing climate-controlled storage—a rare and valuable bonus! Additional highlights include reserved parking, a convenient utility room with washer/dryer connections just off the kitchen, and a refrigerator that conveys. Enjoy your morning coffee or unwind outdoors on the covered front patio, or take advantage of the private back patio with its own storage closet. A beautifully maintained and thoughtfully updated Bouldin Creek gem in a lush, tranquil setting—this one is not to be missed!

At $544/sqft, this home is priced 39% 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

802 S 1st St #202, Austin, TX 78704

Property Details

Price $314,900
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 579 sqft
Lot Size 0.05 acres (2,291.26 sqft)
Year Built 1984
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Bouldin Creek Condo Amd
County Travis
Zip Code 78704
$/sqft $544/sqft
Days on Market ,
HOA $317/Monthly
Annual Tax Est. $5,152.56
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242458876
List Date August 21, 2026
Elementary School Williams
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.

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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
505 W 7th St #115
Posada Del Rey Condo Amd
$315,000 $512 1 bd / 1 ba 615 sqft , 2026-06-18
1900 Barton Springs Rd #2003
ZILKR ON THE PARK
$324,900 $480 1 bd / 1 ba 677 sqft , 2026-03-02
800 Brazos St #1111
Brazos Place Condo Amd
$325,000 $522 1 bd / 1 ba 623 sqft , 2026-06-02
802 S 1st St #207
Bouldin Creek Condos
$330,000 $570 1 bd / 1 ba 579 sqft , 2026-07-15
1900 Barton Springs Rd #2021
ZILKR ON THE PARK CONDOMINIUMS
$334,900 $480 1 bd / 1 ba 698 sqft , 2026-08-19

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
$1,512/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
$62,980
20% conventional investment loan

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

Estimated Gross Rent+$1,512
Principal + Interest−$1,719
Property Tax (~2.1% TX avg)−$551
Insurance (~0.5%)−$131
Est. Monthly Cash Flow $-889

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 →

Neighborhood Context

About Bouldin Creek

Bouldin Creek is the neighborhood that defines South Austin to most Austinites. Bounded by South Lamar to the west and South First to the east, it sits at the center of South Austin's restaurant and nightlife scene while maintaining the residential feel that makes it so desirable.

The housing stock is predominantly craftsman bungalows and cottages - the kind of homes you'd see on real estate Instagram if it actually showed real neighborhoods. Many have been lovingly renovated while maintaining their character. New construction townhomes and modern infill have appeared, but the neighborhood has enough historic character to absorb them without losing its identity.

South First Corridor

South First Street runs through the neighborhood with a concentration of beloved coffee shops, restaurants, and bars. Jo's Coffee, Home Slice Pizza, and Hopdoddy are all minutes away.

🏡
Bungalow Character

Among Austin's highest concentrations of intact craftsman bungalows. The architecture gives the neighborhood an identity and cohesion that newer areas lack.

🐕
Dog-Friendly

Bouldin Creek is extremely dog-friendly - multiple off-leash areas, dog-friendly patios, and a culture that treats dogs as full community members.

🎸
Music & Nightlife

Walking distance to Emo's, Continental Club, and the entire South Lamar nightlife corridor. Live music is part of the daily soundtrack.

Full Bouldin Creek Guide →

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 →