Active Listing  ·  154 days on market

1101 Grove Blvd #102

Austin, TX 78741
$289,000
2 Bed 3 Bath 1,035 sqft $279/sqft Built 2014 Pool Townhomes At Riverside Grove

Discover vibrant city living in this beautifully appointed 2-bedroom, 3-bathroom townhome in the heart of Austin, perfectly blending urban convenience with private comfort. Located just minutes from downtown, this home offers easy access to Austin’s best dining, shopping, and entertainment while providing a peaceful retreat of your own. The spacious, light-filled interior features an open-concept layout ideal for relaxing or entertaining, along with a private outdoor patio perfect for morning coffee or evening unwinding. Each generously sized bedroom includes its own en-suite bathroom, offering privacy and comfort, and a third full bath provides added convenience for guests. The property includes one covered and one uncovered parking space. Situated within a gated community, residents enjoy access to a sparkling pool, fully equipped gym, dog park, and grilling area. The HOA covers the pool, gym, water, garbage, exterior maintenance, and common areas for low-maintenance living. With Downtown Austin, the University of Texas campus, and Lady Bird Lake just 10 minutes away, and ACC Eastview Campus and Riverside Golf Course only minutes from your door, this townhome offers an unbeatable location and lifestyle.

At $279/sqft, this home is 28% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1101 Grove Blvd #102, Austin, TX 78741

Property Details

Price $289,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,035 sqft
Lot Size ,
Year Built 2014
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Townhomes At Riverside Grove
County Travis
Zip Code 78741
$/sqft $279/sqft
Days on Market ,
HOA $427/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT220815805
List Date March 13, 2026
Elementary School Baty
Middle School Dailey
High School Del Valle
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
7104 Villita Avenida St
Frontier At Montana Amd
$285,000 $302 2 bd / 1 ba 944 sqft , 2026-04-29
1101 Grove Blvd #208
Townhomes At Riverside Grove
$280,000 $267 2 bd / 3 ba 1,048 sqft , 2026-06-04
904 Montopolis Dr
n/a
$299,000 $267 3 bd / 2 ba 1,120 sqft , 2026-04-22
7100 Villita Avenida St
Frontier At Montana Amd
$299,000 $252 3 bd / 2 ba 1,186 sqft , 2026-07-03
1101 Grove Blvd #708
Townhomes At Riverside Grove
$299,999 $248 2 bd / 3 ba 1,208 sqft , 2026-07-17

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
$1,387/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
$57,800
20% conventional investment loan

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

Estimated Gross Rent+$1,387
Principal + Interest−$1,577
Property Tax (~2.1% TX avg)−$506
Insurance (~0.5%)−$120
Est. Monthly Cash Flow $-816

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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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 7, 2026.

📞 (254) 718-2567 [email protected] More about Luke →