Active Listing  ·  21 days on market

2008 Riverview St #B

Austin, TX 78702
$642,000
2 Bed 2 Bath 1,047 sqft $613/sqft Built 2007 0.15 acres 1-Car Garage Pool Riverview Condo 2008

***BUYER RATE BUYDOWN PROGRAM INCENTIVE WITH APPROVED OFFER*** Experience award-winning architecture in the heart of East Austin at 2008 Riverview Street, Unit B—a distinctive modern residence designed by acclaimed LAMME+MISI Urban Studio and featured on the prestigious AIA Austin Homes Tour as part of a celebrated 5-Star Green development. Just minutes from Lady Bird Lake, Downtown Austin, Rainey Street, and East Austin's vibrant restaurants, coffee shops, and entertainment, this home offers an exceptional blend of architectural significance, investment potential, and everyday livability.

Designed to blur the line between indoors and out, open-concept living spaces are anchored by dramatic NanaWall movable glass walls that connect seamlessly to expansive private terraces beneath mature trees, creating a true treehouse-like retreat. Clean modern lines, high ceilings, abundant natural light, stained concrete and wood flooring, and curated finishes reflect the home's timeless architectural design.

Beyond its architectural pedigree, the premier location offers flexibility for homeowners and investors. Minutes from Austin's most sought-after destinations, the property presents potential as a luxury short-term rental or executive lease (*subject to City of Austin regulations). The thoughtfully designed floor plan also provides opportunities for future expansion, allowing a new owner to add conditioned square footage and maximize value while preserving its iconic architectural character.

Whether entertaining on rooftop terraces, enjoying quiet mornings beneath mature pecan trees, or biking to Lady Bird Lake and Downtown, this residence embodies Austin's modern lifestyle. A rare opportunity to own an architecturally significant home recognized by the Austin design community, 2008 Riverview Street, Unit B is more than a home—it's a piece of Austin's architectural legacy with room to grow and exceptional long-term potential.

At $613/sqft, this home is priced 56% 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

2008 Riverview St #B, Austin, TX 78702

Property Details

Price $642,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths 1
Living Area 1,047 sqft
Lot Size 0.15 acres (6,743.09 sqft)
Year Built 2007
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Riverview Condo 2008
County Travis
Zip Code 78702
$/sqft $613/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $12,462.17
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245517826
List Date September 2, 2026
Elementary School Metz
Middle School Martin
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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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
2710 E 3rd St
Anthony W B
$639,957 $476 3 bd / 3 ba 1,344 sqft , 2026-03-26
1911 College Row
Grandview Place
$639,000 $705 2 bd / 2 ba 907 sqft , 2026-06-14
1708 Canterbury St #2
Riverside
$649,999 $591 2 bd / 7 ba 1,100 sqft , 2026-09-22
48 East Ave #2004
Natiivo
$650,000 $728 1 bd / 1 ba 893 sqft , 2025-10-03
1604 Haskell St #2
Tobin Resub Riverside
$650,000 $604 2 bd / 2 ba 1,077 sqft , 2026-05-26

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
$3,082/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
$128,400
20% conventional investment loan

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

Estimated Gross Rent+$3,082
Principal + Interest−$3,504
Property Tax (~2.1% TX avg)−$1,124
Insurance (~0.5%)−$268
Est. Monthly Cash Flow $-1,814

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 11, 2026.

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