Active Listing  ·  54 days on market

2101 Rivers Edge Way #3

Austin, TX 78741
$387,500
3 Bed 3 Bath 1,399 sqft $277/sqft Built 2013 0.15 acres 2-Car Garage Pool Riverside Villas Amd

Welcome home to this gorgeous residence tucked inside the Riverside Villa gated community, offering the perfect blend of privacy and convenience. Step inside to soaring ceilings and an open-concept floor plan flooded with natural light, creating an airy, elevated feel from the moment you enter.

The heart of the home is a beautifully open kitchen overlooking the family room, showcasing gorgeous stone countertops and all appliances conveying — including the washer, and dryer. The owners installed luxury vinyl throughout the entire 1st floor and replaced all the toilets in 2023.

The main-level primary suite is a true retreat, complete with a spacious spa-like bath featuring dual vanities and soaking tub. Outside, mature trees frame the exterior, while a beautiful deck offers the perfect spot to entertain or unwind on warm Texas evenings.

Freshly repainted and impeccably maintained, this home also offers unbeatable convenience, just minutes from Downtown Austin, The University of Texas, Oracle's campus, easy access and close proximity to the Austin-Bergstrom Airport, I-35, Highway 183, and Ben White Blvd. The HOA handles all yard and landscaping maintenance, offering true lock-and-leave living.

**Information contained herein is deemed reliable but not guaranteed and is provided for informational purposes only. Buyer and buyer's agent are solely responsible for independently verifying all information, facts, and measurements.**

At $277/sqft, this home is 29% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2101 Rivers Edge Way #3, Austin, TX 78741

Property Details

Price $387,500
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,399 sqft
Lot Size 0.15 acres (6,542.71 sqft)
Year Built 2013
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Riverside Villas Amd
County Travis
Zip Code 78741
$/sqft $277/sqft
Days on Market ,
HOA $180/Monthly
Annual Tax Est. $11,073.43
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241899713
List Date July 31, 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 31, 2026 $387,000
Current ask $387,500
Increased $500 (+0.1%) 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
6711 Cruz St
Chernosky 17
$375,000 $311 3 bd / 3 ba 1,204 sqft , 2026-08-30
1212 Lily Ter #1
Country Club Gardens
$374,900 $236 3 bd / 3 ba 1,591 sqft , 2026-07-29
2209 Woodland Ave #803
Woodland Park
$405,000 $329 2 bd / 3 ba 1,230 sqft , 2026-05-22
6303 Santos St #A
6303 Santos Site Condos
$349,900 $309 2 bd / 3 ba 1,134 sqft , 2026-08-27
2101 Rivers Edge Way #32
Riverside Villas
$349,000 $235 3 bd / 3 ba 1,488 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
$1,860/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
$77,500
20% conventional investment loan

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

Estimated Gross Rent+$1,860
Principal + Interest−$2,115
Property Tax (~2.1% TX avg)−$678
Insurance (~0.5%)−$161
Est. Monthly Cash Flow $-1,094

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 10, 2026.

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