Active Listing  ·  256 days on market

1101 Grove Blvd #803

Austin, TX 78741
$237,000
1 Bed 2 Bath 879 sqft $270/sqft Built 2014 0.05 acres Pool Townhomes At Riverside Grove

Beautifully updated and filled with natural light, this two-story townhome in desirable gated Riverside Grove Condominiums offers style, comfort, and unbeatable convenience. Recent enhancements include fresh interior paint, updated LVP flooring, a new sliding glass door in the bedroom, an upgraded backsplash, and an improved center island that brings both function and appeal to the kitchen. The bright upstairs bedroom features two closets and a charming Juliet balcony with peaceful views of the Riverside Golf Course just across the street. Thoughtfully designed with an airy layout, this home provides a warm and inviting atmosphere throughout. Located moments from Ben White/290, I-35, 183, and the 130 Toll Road, this prime location makes commuting and exploring Austin effortless. Enjoy quick access to Roy Guerrero Park, only four miles to Downtown, and just a 15-minute drive to the airport. The well-maintained gated community adds to the appeal with amenities including a sparkling pool, gym, outdoor grilling areas, and a dog run. Reserved covered parking space sits directly in front of the unit, with guest parking available throughout the community. HOA fees include water, trash, sewer, and community maintenance, and the unit is equipped with Google Fiber for high-speed connectivity. ***Mortgage savings may be available for buyers of this listing. Inquire with listing agent for details.***

At $270/sqft, this home is 31% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1101 Grove Blvd #803, Austin, TX 78741

Property Details

Price $237,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths 1
Living Area 879 sqft
Lot Size 0.05 acres (2,178 sqft)
Year Built 2014
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Townhomes At Riverside Grove
County Travis
Zip Code 78741
$/sqft $270/sqft
Days on Market ,
HOA $301.93/Monthly
Annual Tax Est. $6,054.95
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT212178928
List Date November 21, 2025
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 →

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
5601 Woodrow Ave
Woodrow Place Twnhms
$238,900 $385 1 bd / 1 ba 620 sqft , 2026-03-10
6810 Deatonhill Dr #1100
Deatonhill Condo Amd
$235,000 $221 2 bd / 2 ba 1,064 sqft , 2026-03-05
604 N Bluff Dr #235
Skybridge Lofts Amd
$235,000 $250 1 bd / 2 ba 941 sqft , 2026-03-12
3417 Willowrun Dr #C
3417 WILLOWRUN DRIVE CONDOMINIUMS
$235,000 $399 1 bd / 1 ba 589 sqft , 2026-06-25
1015 Yager Ln #184
Coppertree Condo Ph Vamended
$235,000 $264 2 bd / 2 ba 891 sqft , 2026-06-30

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
$1,138/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
$47,400
20% conventional investment loan

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

Estimated Gross Rent+$1,138
Principal + Interest−$1,293
Property Tax (~2.1% TX avg)−$415
Insurance (~0.5%)−$99
Est. Monthly Cash Flow $-669

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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