$159,000
1 bd · 1 ba · 736 sqft
1601 Faro DR, Austin, TX 78741
1601 Faro DR, Austin, TX 78741 is a 1-bedroom, 1-bathroom condominium listed at $159,000 ($216/sqft). 736 sqft. Built in 1983. Located in East Riverside, Austin TX. Priced 28% below the East Riverside median of $298/sqft. MLS #2772323. Listed by Moreland Properties.
Property Overview
This 1-bedroom condo at 1601 Faro Drive brings genuine value to East Riverside's rapidly evolving landscape, priced 21 percent below area median at just $216 per square foot. The long-time owner has poured care into this 736-square-foot unit, replacing popcorn ceilings, installing wood-look tile flooring, and refreshing the kitchen with new countertops and fresh paint. A covered patio provides a serene retreat for morning coffee or evening unwinding, while the community's generous grounds offer mature shade trees and a refreshing pool.
The complex itself reflects the quiet stability East Riverside residents seek. HOA dues cover water, trash, and exterior maintenance, simplifying ownership and protecting property values as the neighborhood continues its transformation. Lady Bird Lake access, improved transit connections, and new development initiatives surrounding Faro Drive signal momentum for this location. The seller remains open to owner financing for the right buyer, creating flexible purchase options for investors or first-time homebuyers entering this increasingly desirable urban corridor.
Vox Residential Insight
At Vox Residential, we see this as an opportune entry point into East Riverside's renaissance, where affordability still exists despite the neighborhood's obvious trajectory toward higher valuations. The seller's willingness to finance and the pending FHA approval represent unique advantages for buyers seeking flexibility in one of Austin's most dynamic revitalization zones.
Agent Description
Seller would love to cash out but will consider owner financing for right buyer. Long-term owner lovingly maintained the unit and made numerous improvements, including wood-look tile flooring, kitchen with new countertops, paint, and popcorn-free ceilings! Complex is quiet with a lot of land and many shade trees. HOA dues cover water, trash, and exterior upkeep. Lovely pool. Covered patio in back is a great place for coffee in the morning and relaxing at the end of the day. NOTE: complex is non-warrantable at this time but is in the process of getting approved for FHA financing.
Neighborhood: East Riverside
This property is located in East Riverside, Austin, TX. The area is known for Rapid Transformation, Affordable Urban Living, Lady Bird Lake Access, New Development, Transit Improvements.
At $216/sqft, this listing is priced 28% below the East Riverside median of $298/sqft.
Property Details
| Property Type | Condominium |
| Year Built | 1983 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Living Area | 736 sqft |
| Lot Size | N/A |
| Price per Sqft | $216 |
| Listed | Feb 13, 2026 |
| MLS # | 2772323 |
| Listed By | Moreland Properties |
Listing data last updated:
Frequently Asked Questions
What is the listing price of 1601 Faro DR, Austin, TX 78741?
This property is listed at $159,000, which is $216 per square foot. That is 28% below the East Riverside area median of $298/sqft.
How many bedrooms and bathrooms does 1601 Faro DR, Austin, TX 78741 have?
This home has 1 bedroom and 1 bathroom, with 736 square feet of living space.
When was 1601 Faro DR, Austin, TX 78741 built?
This property was built in 1983, making it 43 years old.
What neighborhood is 1601 Faro DR, Austin, TX 78741 in?
This property is in East Riverside, Austin, TX. The area is known for rapid transformation, affordable urban living, lady bird lake access.
How long has 1601 Faro DR, Austin, TX 78741 been on the market?
This listing has been on the market for 57 days.
What type of property is 1601 Faro DR, Austin, TX 78741?
This is a Condominium.