Active Listing  ·  251 days on market

2101 Rivers Edge Way #32

Austin, TX 78741
$339,000
3 Bed 3 Bath 1,488 sqft $228/sqft Built 2013 0.15 acres 1-Car Garage Pool Riverside Villas

Owner may consider owner financing. Adorable lock and leave residence with PRIMARY bedroom down in the gated community of Riverside Villas on East Riverside! 3 bedrooms total, 2.5 baths, and a garage! Fresh paint, brand new carpet, ready to move-in. Gas cooking and heat, granite countertops, wood flooring (NOT vinyl). Enjoy a true low-maintenance lifestyle with HOA-covered front and backyard lawn care—because your weekends should not be spent behind a mower. Fencing is allowed, per HOA approval.

Set in the heart of Austin’s Riverside corridor, this location puts you just minutes from Downtown Austin, Lady Bird Lake, and a wide mix of dining and entertainment options including Emo's Austin. You are also conveniently close to University of Texas at Austin, Oracle’s Austin campus, St. Edward's University, and other major employers—making both daily commutes and long-term investment value work in your favor.

With quick access to Austin-Bergstrom International Airport and major highways, getting around the city (or out of it) is refreshingly easy. Plus, the nearby River Park—a large-scale mixed-use development projected for completion in 2027—adds another layer of future growth and lifestyle appeal.

This one checks the boxes now and later. Definitely worth a look.

At $228/sqft, this home is 42% 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 #32, Austin, TX 78741

Property Details

Price $339,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,488 sqft
Lot Size 0.15 acres (6,542.71 sqft)
Year Built 2013
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Riverside Villas
County Travis
Zip Code 78741
$/sqft $228/sqft
Days on Market ,
HOA $180/Monthly
Annual Tax Est. $12,124.93
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT220953807
List Date March 6, 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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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 · March 6, 2026 $409,000
Previous ask $349,000
Current ask $339,000
▼ Reduced $70,000 (-17.1%) 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
2101 Rivers Edge Way #29
RIVERSIDE VILLAS AMENDED
$343,000 $231 3 bd / 3 ba 1,488 sqft , 2026-10-06
1212 Lily Ter #1
Country Club Gardens
$344,900 $217 3 bd / 3 ba 1,591 sqft , 2026-07-29
1108 Vasquez St
Chernosky 16
$330,000 $258 3 bd / 2 ba 1,280 sqft , 2025-02-26
6107 Felix Ave
Pitts
$350,000 $280 3 bd / 2 ba 1,252 sqft , 2026-09-30
6711 Cruz St
Chernosky 17
$355,000 $295 3 bd / 3 ba 1,204 sqft , 2026-08-30

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
$1,627/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
$67,800
20% conventional investment loan

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

Estimated Gross Rent+$1,627
Principal + Interest−$1,850
Property Tax (assumed ~2.1%)−$593
Insurance (assumed ~0.5%)−$141
Est. Monthly Cash Flow $-957

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 23, 2026.

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

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