$209,000

Property Overview

Waterfront living on a budget takes shape at 500 E Riverside Drive in Travis Heights, where this updated one-bedroom condo sits steps from Lady Bird Lake's hike-and-bike trail. The 388-square-foot unit maximizes every inch with wood-look tile flooring, a designer kitchen with statement tilework, and a primary bedroom flowing into an open living and dining area. Recently renovated systems including 2024 HVAC, 2025 stove and water heater ensure move-in readiness without the hefty price tag typical of Austin's 78704 zip code.

This Riverwalk Condominiums property offers an extraordinary lifestyle package that extends far beyond the walls. Residents enjoy gated community amenities including two pools, private lake access with boat dock privileges, and direct trailhead proximity for paddleboarders and cyclists. The uncovered courtyard and rear porch provide outdoor respite among mature trees, while city and lake views frame daily living at an exceptional price point nearly 25 percent below the neighborhood median.

The HOA fee of $179 monthly covers water, sewer, trash, insurance, and maintenance, simplifying the economics of waterfront ownership. Recent community enhancements including security cameras, new roofing, and updated gate systems demonstrate proactive management, positioning this compact residence as an accessible entry point to one of Austin's most coveted neighborhoods.

Vox Real Estate Insight

At $209,000 in Travis Heights with direct lake access and recent renovations, this property represents the kind of waterfront value that rarely surfaces in 78704—Vox Real Estate sees this priced for immediate interest from first-time buyers and downsizers seeking Lady Bird Lake proximity without resort pricing. The low HOA and all-inclusive fee structure removes hidden costs, which especially appeals to investors and those prioritizing predictable monthly expenses

Agent Description

Attention ACL and F-1 goers: Imagine owning this Gem right on Lady Bird Lake!!! 78704 condo + Travis Heights + Lady Bird Lake + New Price Now $209,000 RARE 78704 OPPORTUNITY! First Floor 388 SF efficiency condo just steps from Lady Bird Lake and the hike-and-bike trail. The covered patio spans the entire length of the unit, positioned directly across from newly renovated community pool. This move-in-ready unit makes the most of its compact footprint with wood-look tile flooring throughout, a spacious walk-in closet, New Designer Tile in the kitchen, fresh interior paint, new bathroom vanity and stylish dining light fixture. Recent improvements include HVAC (2024), stove and water heater (2025). Refrigerator and microwave convey. Enjoy a low-maintenance lifestyle with two community pools, a private boat dock on lady bird lake and an HOA fee of just $179/month, which includes water, sewer, trash, recycling, structure insurance and common-area maintenance. Recent community improvements include a new roof, updated gate system and security cameras, fresh exterior paint and exterior lighting. The location is the showstopper! Lady Bird Lake is just steps away, offering easy access to kayaking, paddleboarding and the hike-and-bike trail. Downtown Austin, shopping, dining, nightlife and entertainment are all minutes away. Perfect as an Austin home base, lock-and-leave property, pied-a-terre or investment opportunity. Own in one of Austin's most iconic locations—Travis Heights/78704—for just $209,000. Don't miss this rare opportunity!

Neighborhood: Travis Heights

This property is located in Travis Heights, Austin, TX. The area is known for South Congress Avenue, Downtown Skyline Views, Historic Bungalows, Walkable Community, Lady Bird Lake.

At $539/sqft, this listing is priced 25% below the Travis Heights median of $715/sqft.

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