Active Listing  ·  40 days on market

1158 Ridgeway Dr #A

Austin, TX 78702
$695,000
3 Bed 3 Bath 1,724 sqft $403/sqft Built 2014 0.11 acres 1-Car Garage Pool 1158 Ridgeway Condo

Tucked behind a bamboo-lined privacy fence just minutes from downtown, this modern farmhouse blends clean architectural lines with warm, inviting interiors across 1,724 square feet. One owner, owner-occupied (not a rental), and thoughtfully maintained — including a roof replacement in 2023 — this home is ready for its next chapter.

Entering the home, you're welcomed by 10' ceilings, oversized windows, and polished concrete floors which combine to create a bright, open-concept living space. The kitchen anchors the main level with dark stained cabinetry, granite countertops, a mosaic tile backsplash, stainless steel appliances, and a generous island with seating. French doors lead to a private backyard oasis complete with an insulated Cowboy pool, string-lit bamboo privacy screening, and durable Trex decking — a rare outdoor escape this close to the city center.

Upstairs, hardwood floors run through a versatile floor plan which boasts 3 bedrooms plus an additional flex living space, ideal for those that work from home. Each bedroom features vaulted ceilings, adding to the home's airy and open feeling.

Additional highlights include a 1-car garage plus additional reserved parking spot, low-maintenance landscaping, and new fencing. This home puts you close to East Austin's best restaurants, coffee shops, and nightlife while still offering a quiet, private retreat at the end of the day. Zoned to nearby Oak Springs Elementary School, which is currently undergoing a $47 million upgrade and will reopen in 2028 as boon for the community. Next door is the Ostillo Art Foundation, a space for contemporary art exhibitions and cultural programs.

At $403/sqft, this home is priced 3% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1158 Ridgeway Dr #A, Austin, TX 78702

Property Details

Price $695,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,724 sqft
Lot Size 0.11 acres (4,926.64 sqft)
Year Built 2014
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision 1158 Ridgeway Condo
County Travis
Zip Code 78702
$/sqft $403/sqft
Days on Market ,
HOA $450/Annually
Annual Tax Est. $13,860.33
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242943766
List Date August 13, 2026
Elementary School Oak Springs
Middle School Kealing
High School Eastside Early College
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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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 · August 13, 2026 $700,000
Current ask $695,000
Reduced $5,000 (-0.7%) 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
3923 E 16th St #A
Flournoy Hts Sec 3
$699,000 $426 3 bd / 3 ba 1,639 sqft , 2026-05-29
3300 E Martin Luther King Jr Blvd #B
EAST MLK
$700,000 $319 3 bd / 3 ba 2,193 sqft , 2025-12-19
3201 Kay St
Spillar & Greenwood Add
$700,000 $349 4 bd / 2 ba 2,006 sqft , 2026-08-07
3010 Webberville Rd #1
Lorraine Heights
$689,900 $334 4 bd / 3 ba 2,067 sqft , 2026-05-01
1706 Pennsylvania Ave
Johns C R
$715,000 $611 2 bd / 2 ba 1,170 sqft , 2026-03-06

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
$3,336/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
$139,000
20% conventional investment loan

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

Estimated Gross Rent+$3,336
Principal + Interest−$3,793
Property Tax (~2.1% TX avg)−$1,216
Insurance (~0.5%)−$290
Est. Monthly Cash Flow $-1,963

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 September 21, 2026.

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