$469,900
1 bd · 2 ba · 1,056 sqft
1206 Hollow Creek Dr #1, Austin, TX 78704
1206 Hollow Creek Dr #1, Austin, TX 78704 is a 1-bedroom, 2-bathroom condominium listed at $469,900 ($445/sqft). 1,056 sqft. Built in 1971. Located in Zilker, Austin TX. Priced 28% below the Zilker median of $620/sqft. MLS #6452395. Listed by Moreland Properties.
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 Real Estate 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 28% below the Zilker median of $620/sqft.
Property Details
| Property Type | Condominium |
| Year Built | 1971 |
| Bedrooms | 1 |
| Bathrooms | 2 |
| Living Area | 1,056 sqft |
| Lot Size | 7,701 sqft |
| Price / Sqft | $445 |
| Stories | Two |
| Condition | Resale |
| Unit Style | 1st Floor Entry |
| Subdivision | Zilker Flats |
| County | Travis |
| MLS Area | 7 |
| Listed | Jun 1, 2026 |
| MLS # | 6452395 |
| Listed By | Moreland Properties |
Interior
| Flooring | Vinyl, Wood |
| Appliances | Dishwasher, Disposal, Microwave, Electric Oven, Range, Refrigerator, Washer/Dryer |
| Interior Features | Quartz Counters, High Speed Internet, Walk-In Closet(s) |
| Windows | Blinds |
| Laundry | In Hall, Main Level |
Systems & Utilities
| Cooling | Central Air |
| Heating | Central |
| Utilities | Electricity Connected, Water Connected |
| Water Source | Public |
| Sewer | Public Sewer |
Exterior & Lot
| Construction | Brick Veneer |
| Roof | Asphalt |
| Foundation | Slab |
| Exterior Features | No Exterior Steps, Private Entrance |
| Patio & Porch | Patio, Side Porch |
| Fencing | Wood |
| Lot Features | Landscaped |
| View | Neighborhood |
| Faces | Southeast |
Parking
| Parking Spaces | 2 |
| Parking Features | Asphalt, Assigned, Parking Lot, Private, Reserved |
Community & HOA
| HOA | Yes |
| HOA Name | 1206 Zilker Flats Condo |
| HOA Fee | $205 / Monthly |
| Fee Includes | Common Area Maintenance |
| Security | Carbon Monoxide Detector(s), Fire Alarm |
Assigned Schools
| Elementary | Barton Hills |
| Middle | O Henry |
| High | Austin |
| District | Austin ISD |
Taxes & Legal
| Tax Year | 2026 |
| Annual Tax | $8,020 |
| Assessed Value | $472,339 |
| Parcel # | 1206 Hollow Creek |
| Legal Description | 1206 ZILKER FLATS CONDOMINIUMS UNT 1 PLUS 25.00 % INT IN COM AREA |
| FEMA Flood Plain | No |
| In ETJ | No |
| Disclosures | Seller Disclosure |
| Listing Conditions | Standard |
Listing data last updated:
Frequently Asked Questions
What is the listing price of 1206 Hollow Creek Dr #1, Austin, TX 78704?
This property is listed at $469,900, which is $445 per square foot. That is 28% below the Zilker area median of $620/sqft.
How many bedrooms and bathrooms does 1206 Hollow Creek Dr #1, Austin, TX 78704 have?
This home has 1 bedroom and 2 bathrooms, with 1,056 square feet of living space.
When was 1206 Hollow Creek Dr #1, Austin, TX 78704 built?
This property was built in 1971, making it 55 years old.
What neighborhood is 1206 Hollow Creek Dr #1, Austin, TX 78704 in?
This property is in Zilker, Austin, TX. The area is known for zilker park, barton springs pool, lady bird lake.
How long has 1206 Hollow Creek Dr #1, Austin, TX 78704 been on the market?
This listing has been on the market for 72 days.
What type of property is 1206 Hollow Creek Dr #1, Austin, TX 78704?
This is a Condominium on a 7,701.41 sqft lot.