$149,800

Property Overview

This 736-square-foot condo on Faro Drive captures the essence of East Riverside's transformation into an accessible urban neighborhood. Priced at $204 per square foot—33 percent below the area median—the property offers remarkable value for buyers seeking Lady Bird Lake proximity without the premium price tag. The unit itself reflects its long-term owner's care, featuring refreshed wood-look tile flooring, updated kitchen countertops, and pristine ceilings stripped of popcorn texture. The covered patio provides an ideal retreat for morning coffee or evening wind-downs, while the complex's generous grounds, mature shade trees, and resort-style pool create a peaceful residential sanctuary.

The one-bedroom layout works equally well for first-time buyers, downsizers, or investors capitalizing on East Riverside's continued momentum. Situated in a quiet community where HOA dues cover water, trash, and exterior maintenance, this residence eliminates the burden of property upkeep while fostering neighborhood connection. The current lending landscape around this property deserves attention: the complex is pursuing FHA approval, which may unlock financing options previously unavailable. The seller remains flexible, considering owner financing for qualified buyers seeking alternative pathways to ownership.

Vox Residential Insight

The Vox Residential team recognizes 1601 Faro Drive as a strategic entry point into one of Austin's most dynamic neighborhoods, where East Riverside's infrastructure improvements and new development are steadily reshaping the area's appeal and long-term appreciation potential. With the complex moving toward FHA financing approval, this listing offers timing-conscious buyers a chance to secure affordable East Riverside real estate before broader lending accessibility drives competition.

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 $204/sqft, this listing is priced 28% below the East Riverside median of $283/sqft.

Property Details

Listing data last updated: July 16, 2026

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