About This Home

There is a space for a kayak next to the water. One carport for the residence.

At $489/sqft, this home is priced 25% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

500 E Riverside Dr #154, Austin, TX 78704

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Property Details

Price $280,000

Status Active Listing

Beds 1

Full Baths 1

Half Baths ,

Living Area 573 sqft

Lot Size 0.03 acres (1,136.92 sqft)

Year Built 1971

Garage ,

Stories ,

Type Residential · Condominium

Subdivision Riverwalk Condo Amd

County Travis

Zip Code 78704

$/sqft $489/sqft

Days on Market ,

HOA $239/Monthly

Annual Tax Est. $6,200.09

Pool Yes

Waterfront Yes

New Construction ,

MLS # ACT228850055

List Date May 5, 2026

Elementary School Travis Hts

Middle School Lively

High School Travis

School District ,

Have Questions About This Property?

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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 · May 5, 2026 $325,000

Previous ask $290,000

Current ask $280,000

▼ Reduced $45,000 (-13.8%) 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

800 Embassy Dr #305
The Tyndall at Robertson Hill $279,000 $498 1 bd / 1 ba 560 sqft , 2026-07-08

800 Embassy Dr #205
Sarah and Lydia M. Robertson's Subdivisio $289,000 $516 1 bd / 1 ba 560 sqft , 2026-07-29

2215 Post Rd #2046
Travis Oaks Condo Amd $289,000 $422 1 bd / 1 ba 685 sqft , 2026-09-23

500 E Riverside Dr #114
Riverwalk Condo Amd $298,000 $528 1 bd / 1 ba 564 sqft , 2026-09-03

1304 Summit St #101
Sunnyvale Villas A Condo $299,000 $391 2 bd / 1 ba 764 sqft , 2026-01-26

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

$1,344/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

$56,000

20% conventional investment loan

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

Estimated Gross Rent+$1,344

Principal + Interest−$1,528

Property Tax (~2.1% TX avg)−$490

Insurance (~0.5%)−$117

Est. Monthly Cash Flow $-791

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

About the Author

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 July 30, 2026.

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

500 E Riverside Dr #154