$179,000
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 $179,000 ($243/sqft). 736 sqft. Built in 1983. Located in East Riverside, Austin TX. Priced 18% below the East Riverside median of $297/sqft. MLS #2772323. Listed by Moreland Properties.
Property Overview
This East Riverside condo at 1601 Faro Drive offers exceptional value in one of Austin, TX's most dynamic neighborhoods, priced 15 percent below the area median at just $243 per square foot. The long-term owner has thoughtfully maintained and upgraded this 736-square-foot residence with fresh wood-look tile flooring, updated kitchen countertops, neutral paint throughout, and textured ceilings removed for a modern aesthetic. The one-bedroom, one-bath layout provides efficient urban living steps from Lady Bird Lake access and the neighborhood's rapidly expanding dining, retail, and entertainment scene.
The complex itself becomes a sanctuary of tranquility, set on expansive grounds dotted with mature shade trees and anchored by a resort-style pool. The covered back patio creates an inviting retreat for morning coffee or evening decompression. Residents benefit from an HOA structure that elegantly simplifies ownership, as dues cover water, trash, and exterior maintenance, allowing owners to focus on enjoying rather than worrying about property upkeep. The seller demonstrates flexibility and is open to owner financing for the right buyer, making this an accessible entry point into East Riverside's transformation as a desirable Austin neighborhood.
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 $243/sqft, this listing is priced 18% below the East Riverside median of $297/sqft.
Property Details
| Property Type | Condominium |
| Year Built | 1983 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Living Area | 736 sqft |
| Lot Size | N/A |
| Price per Sqft | $243 |
| 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 $179,000, which is $243 per square foot. That is 18% below the East Riverside area median of $297/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 36 days.
What type of property is 1601 Faro DR, Austin, TX 78741?
This is a Condominium.