
Gibson Flats
1219 S Lamar Blvd, Austin, TX, 78704-2305, US
202 unités
JLL has been exclusively retained to offer qualified investors a rare opportunity to acquire fee-simple interest in Barton Creek Villas – a 250-unit, 1998 vintage, luxury garden apartment community in the heart of Southwest Austin.
The property is positioned in one of Austin's most desirable micro-markets, surrounded by the city’s most coveted neighborhoods including Barton Creek, Lost Creek, West Lake Hills, and Rollingwood, featuring some of the highest demographics in the Austin MSA. Barton Creek Villas’ superior location on Barton Creek Boulevard provides convenient access to Greater Austin via Bee Caves Rd, Southwest Parkway, and Loop 1, while being surrounded by scenic rolling hills.
Barton Creek Villas features a mix of unit interiors: 18% premium gold unit renovations, 77% previous owner renovations, and 5% untouched. Each unit includes dedicated tuck-under garage parking and exceptional amenity offerings. The property's recent renovation program has driven strong leasing momentum, with substantial occupancy gains and consistently positive lease trade-outs. The asset commands a $300 rental premium over comparable properties while trailing the newest construction by approximately $370. This pricing position demonstrates strong market performance with significant upside potential, positioning the property as the submarket's rent growth leader with proven pricing power and sustained demand.
Barton Creek Villas represents an extremely rare opportunity to acquire a one-of-one turnkey asset in one of Southwest Austin’s most coveted and affluent neighborhoods.
Irreplaceable Location in Southwest Austin with Significant Barriers to Entry
Bolstered by Strong Demographics, Desirable Residential Market, and Tenant Demand
Institutional Ownership Coupled with Premium Renovated Product That Cannot Be Recreated Today


