Active Listing  ·  122 days on market

1101 Grove Blvd #306

Austin, TX 78741
$269,000
2 Bed 3 Bath 1,214 sqft $222/sqft Built 2014 0.06 acres Pool Townhomes At Riverside Grove

An amazing opportunity awaits at 1101 Grove BLVD #306.

Presenting a fantastic condo and an attractive property for discerning residents.

This residence embodies a sophisticated living experience designed for comfort and ease. Perfect for roommates, downsizers, and for parents of UT students.

Why pay rent? This is a financially sound investment opportunity.

Because you have windows on both sides of the property, the natural light streams in everywhere. Whether you're upstairs or downstairs, this condo is inviting and comfortable.

The kitchen, a central hub for daily routines and entertaining, showcases a thoughtfully designed backsplash, a practical kitchen peninsula, and elegant quartz countertops, all complemented by a convenient kitchen bar for relaxed dining or casual gatherings. This space encourages culinary exploration and effortless social interaction within a refined setting.

The two bedrooms provide peaceful retreats and the indulgence of ensuite bathrooms, ensuring private sanctuaries. There is a powder room downstairs for added convenience.

Beyond the interior, the property further enhances its allure with a private, fenced back patio, ideal for moments of quiet contemplation or vibrant outdoor activities. The community also has a BBQ area, garden, pool, and a gym for your enjoyment.

An outdoor dining area beckons for leisurely meals under the open sky, while the community pool offers a refreshing amenity for recreation and relaxation, enhancing the overall lifestyle appeal. This condominium presents a distinguished opportunity for a desirable lifestyle in Austin.

Close to the new Light Rail and the UT Shuttle - Great East Riverside location!

At $222/sqft, this home is 43% 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 #306, Austin, TX 78741

Property Details

Price $269,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,214 sqft
Lot Size 0.06 acres (2,731.21 sqft)
Year Built 2014
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Townhomes At Riverside Grove
County Travis
Zip Code 78741
$/sqft $222/sqft
Days on Market ,
HOA $366/Monthly
Annual Tax Est. $7,246.48
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT226033926
List Date April 14, 2026
Elementary School Baty
Middle School Ojeda
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.

Schedule a Call →

Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · April 14, 2026 $325,000
Previous ask $279,000
Current ask $269,000
Reduced $56,000 (-17.2%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
6900 E Riverside Dr #31
Arbors At Riverside Condo The
$270,000 $206 2 bd / 3 ba 1,312 sqft , 2026-06-23
1212 Lily Ter #2
Country Club Gardens
$274,900 $253 2 bd / 3 ba 1,088 sqft , 2026-07-29
7608 Cayenne Ln
Riverside Meadows Sec 02
$275,000 $229 3 bd / 2 ba 1,203 sqft , 2026-06-22
6900 E Riverside Dr #12
Arbors At Riverside Condo The
$275,000 $210 2 bd / 3 ba 1,312 sqft , 2026-06-01
516 Montopolis Dr
Hutchins Emma
$280,000 $182 2 bd / 2 ba 1,539 sqft , 2026-02-24

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
$1,291/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
$53,800
20% conventional investment loan

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

Estimated Gross Rent+$1,291
Principal + Interest−$1,468
Property Tax (~2.1% TX avg)−$471
Insurance (~0.5%)−$112
Est. Monthly Cash Flow $-760

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 10, 2026.

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