Active Listing  ·  225 days on market

2101 Rivers Edge Way #22

Austin, TX 78741
$480,000
3 Bed 3 Bath 1,977 sqft $243/sqft Built 2013 0.15 acres 2-Car Garage Pool Riverside Villas Amd

Welcome to 2101 Rivers Edge Way#22! Located in the gated Riverside Villas community on Austin’s east side, this home sits on one of the largest lots in the neighborhood and backs to a greenbelt for added privacy.

The bright, open layout features high ceilings and abundant natural light. Designed for flexibility and everyday living, the open-concept layout features two spacious living areas and a well-appointed kitchen with contemporary cabinetry, granite countertops and stainless steel appliances. The primary suite is conveniently located on the main level, while two additional bedrooms and a full bath are upstairs—ideal for guests, family, or separation of space. A large upstairs gameroom provides valuable bonus space for a home office, workout area, media room, or hobby space—adapting easily to your lifestyle.

As one of the larger floorplans in the community, this home delivers both comfort and functionality, paired with low-maintenance living (HOA provides front and back yard lawn care). Enjoy Riverside Villas' close proximity to downtown Austin, Austin-Bergstrom International Airport, St. Edwards University, Ladybird Lake, major employment hubs, and major highways, making commuting and travel effortless. It's also just down the street from River Park—a new large-scale mixed-use project expected to open in 2027. If you’ve been looking for low-maintenance living without sacrificing outdoor space and privacy, this is a unique opportunity. A must see!

At $243/sqft, this home is 38% 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

2101 Rivers Edge Way #22, Austin, TX 78741

Property Details

Price $480,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,977 sqft
Lot Size 0.15 acres (6,542.71 sqft)
Year Built 2013
Garage 2 spaces
Stories ,
Type Residential · Townhouse
Subdivision Riverside Villas Amd
County Travis
Zip Code 78741
$/sqft $243/sqft
Days on Market ,
HOA $180/Monthly
Annual Tax Est. $13,265.9
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT223610341
List Date April 1, 2026
Elementary School Allison
Middle School Lively
High School Eastside Early College
School District Austin ISD

Austin ISD

Allison · Lively · Eastside Early College

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
1518 Frontier Valley Dr
Park East
$475,000 $237 3 bd / 3 ba 2,004 sqft , 2026-07-17
7200 Cordelia Ct
Eastwood At Riverside
$450,000 $221 3 bd / 3 ba 2,035 sqft , 2026-09-25
7205 Lysander Ct
Eastwood at Riverside
$425,000 $195 4 bd / 3 ba 2,185 sqft , 2026-09-04
2309 Montopolis Dr #9
Delvalle S
$425,000 $226 3 bd / 4 ba 1,882 sqft , 2026-10-16
2204 Hermia St #34
Eastwood/Riverside Ii Condos
$399,900 $232 3 bd / 3 ba 1,723 sqft , 2026-10-27

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
$2,304/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
$96,000
20% conventional investment loan

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

Estimated Gross Rent+$2,304
Principal + Interest−$2,620
Property Tax (assumed ~2.1%)−$840
Insurance (assumed ~0.5%)−$200
Est. Monthly Cash Flow $-1,356

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 · 41 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. The written content was last updated on October 27, 2026.

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

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