$469,900

Property Overview

This one-bedroom condo at 1206 Hollow Creek Drive in Zilker sits steps from Barton Springs Pool and the Hike & Bike Trail, placing it within Austin's most coveted neighborhood for outdoor enthusiasts and hospitality investors alike. The 2022 renovation transformed the 1,056 square foot interior into a light-filled retreat featuring a two-story layout, stainless steel appliances, and clean finishes designed for both comfort and low maintenance. Two reserved parking spaces and an unrestricted short-term rental covenant position this property as a compelling income-generating asset, while the walkable location near South Lamar's dining scene and direct access to Zilker Park's recreational amenities appeal equally to owner-occupants seeking an urban lifestyle.

Priced at $445 per square foot—26 percent below the neighborhood median—this Zilker Flats property offers meaningful value in one of Austin's strongest submarket segments. The high foot traffic near Barton Springs and Lady Bird Lake creates consistent rental demand, while the property's modern systems and move-in condition eliminate typical investor rehab concerns. Location, income potential, and pricing alignment converge to make this a strategically positioned offering in Austin's premium Zilker neighborhood.

Vox Residential Insight

At Vox Residential, we see this property as a rare combination: genuine neighborhood appeal for owner-occupants who prize the outdoor recreation and dining culture of South Lamar, paired with legitimate short-term rental economics that have attracted institutional capital to the 78704 submarket. The 26 percent discount to area per-square-foot pricing reflects the unit's age and layout rather than location fundamentals, making it an intelligent entry point for buyers seeking Zilker access without premium-tier pricing.

Agent Description

Steps from Barton Springs where you can easily take your paddleboard, and walkable to the legendary South Lamar dining, this high-demand submarket asset is uniquely positioned to capture peak ADR and exceptional occupancy premiums. INVESTOR ALERT: High-yield asset in Austin's premier urban lifestyle (78704). Located in Zilker Flats—offering walking distance to Zilker Park with an unrestricted short-term rental covenant—this modern, low-maintenance unit underwent an extensive renovation in 2022. A two-story floor plan featuring 1 bedroom, 1.5 bathrooms, stainless steel appliances and a light-filled interior. Complete with 2 reserved parking spaces, this property is optimized for maximum cash flow and immediate platform onboarding.

Neighborhood: Zilker

This property is located in Zilker, Austin, TX. The area is known for Zilker Park, Barton Springs Pool, Lady Bird Lake, Hike & Bike Trail, South Lamar Dining.

At $445/sqft, this listing is priced 26% below the Zilker median of $603/sqft.

Property Details

Listing data last updated: July 16, 2026

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