Active Listing  ·  28 days on market

1101 Grove Blvd #708

Austin, TX 78741
$299,999
2 Bed 3 Bath 1,208 sqft $248/sqft Built 2014 0.07 acres Pool Townhomes At Riverside Grove

Gated Riverside Grove | Dual Primary Suites | 2 Parking Spaces Rare 1,206 SF two-story townhome — one of the largest floorplans in gated Riverside Grove. Thoughtfully designed with TWO primary suites, each with its own full bath, plus a convenient half bath downstairs. Ideal for roommates, guests or a work-from-home setup. Modern finishes throughout with an open-concept kitchen, spacious living and dining and a private patio.

TWO assigned parking spaces convey, one covered — both just steps from the door. Wired for Google Fiber.

Enjoy resort-style community amenities: pool, fitness center, dog run, outdoor grilling stations, shaded pavilion and gated entry. HOA covers water, sewer, trash, landscaping and grounds — leaving only electric and internet.

Unbeatable location: directly across from ACC Riverside and public transit, overlooking Riverside Golf Course and walking distance to Roy G. Guerrero Metropolitan Park and Montopolis Arboretum trails. Four miles to Downtown, 15 minutes to ABIA, minutes to East Austin dining and nightlife, with quick access to I-35, 71/Ben White, 183 and 130 Toll.

Investor-friendly and lock-and-leave ready. Snatch it up today.

At $248/sqft, this home is 36% 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 #708, Austin, TX 78741

Property Details

Price $299,999
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,208 sqft
Lot Size 0.07 acres (2,992.57 sqft)
Year Built 2014
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Townhomes At Riverside Grove
County Travis
Zip Code 78741
$/sqft $248/sqft
Days on Market ,
HOA $366/Monthly
Annual Tax Est. $6,467.59
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239190416
List Date July 17, 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 · July 17, 2026 $319,000
Current ask $299,999
Reduced $19,001 (-6.0%) 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
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 #102
Townhomes At Riverside Grove
$289,000 $279 2 bd / 3 ba 1,035 sqft , 2026-03-13
7104 Villita Avenida St
Frontier At Montana Amd
$285,000 $302 2 bd / 1 ba 944 sqft , 2026-04-29
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
$1,440/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
$60,000
20% conventional investment loan

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

Estimated Gross Rent+$1,440
Principal + Interest−$1,637
Property Tax (~2.1% TX avg)−$525
Insurance (~0.5%)−$125
Est. Monthly Cash Flow $-847

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 8, 2026.

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