$260,000
1 bd · 1 ba · 579 sqft
500 E Riverside Dr E #149, Austin, TX 78704
500 E Riverside Dr E #149, Austin, TX 78704 is a 1-bedroom, 1-bathroom condominium listed at $260,000 ($449/sqft). 579 sqft. Built in 1971. Located in Travis Heights, Austin TX. Priced 37% below the Travis Heights median of $715/sqft. MLS #5559076. Listed by Lenore Avant, REALTOR.
Property Overview
This first-floor condo at 500 E Riverside Drive in Travis Heights offers waterfront living at 38 percent below area median pricing. The 579-square-foot unit sits within the Riverwalk Condominiums complex, positioned directly along Lady Bird Lake with private boat dock access and a kayak launch—ideal for anyone seeking outdoor recreation without leaving home. Reserved parking at the front door and a generous 6-by-10-foot lockable storage room on the covered rear patio enhance daily convenience.
The open floor plan centers on a fully equipped kitchen with tile flooring, a walk-in closet, and smart thermostat controls. Two resort-style pools, direct lake trails, and landscaped courtyards create a resort-like community feel just minutes from South Congress Avenue and Downtown Austin's live music venues and restaurants. The property is currently leased to corporate tenants through year-end 2026, providing immediate income potential for investors.
Riverwalk Condominiums represents one of Austin's last authentically walkable lakefront communities, where residents enjoy nightly bat flights, fireworks displays reflected off the water, and genuine access to nature alongside urban amenities. Vox Real Estate recognizes this property's unique positioning as both a primary residence opportunity and a stabilized investment play in a neighborhood where comparable waterfront inventory rarely comes to market at this price point.
Vox Real Estate Insight
This is one of the few remaining Old Austin waterfront venues that combines genuine lake access with downtown proximity at exceptional value for the Travis Heights market. Vox Real Estate sees strong appeal for both owner-occupants seeking lakefront lifestyle and investors interested in established rental performance in an increasingly rare Austin location.
Agent Description
Lightly upgraded, great condition, I bedroom condo on 1st floor; reserved parking directly at front door (#244) Sun shade window coverings in front windows; all kitchen appliances remain. Large, lockable storage room on back covered patio (6' x 10') Complex includes 2 pools, direct access to Ladybird Lake, and all downtown amenities. Furnished for Corporate tenants; current Lease thru 12/31/26. This is one of few remaining Old Austin venues with walkable access to live music, nature trails; nightly bat flights; on-site kayak/canoe storage and launch; outdoor grills; 2 courtyards with seating; view of public walking bridge, downtown skyline, and fireworks displays. Cash offers only.
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 $449/sqft, this listing is priced 37% below the Travis Heights median of $715/sqft.
Property Details
| Property Type | Condominium |
| Year Built | 1971 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Living Area | 579 sqft |
| Lot Size | 1,137 sqft |
| Price / Sqft | $449 |
| Stories | One |
| Condition | Resale |
| Unit Style | 1st Floor Entry |
| Subdivision | Riverwalk Condo Amd |
| County | Travis |
| MLS Area | 6 |
| Listed | Sep 29, 2026 |
| MLS # | 5559076 |
| Listed By | Lenore Avant, REALTOR |
| Contact | (512) 632-1099 |
Interior
| Flooring | Tile |
| Appliances | Dishwasher, Electric Range, Exhaust Fan, Oven, Free-Standing Electric Oven, Free-Standing Electric Range, RNGHD, Free-Standing Refrigerator, Electric Water Heater, Water Purifier Owned |
| Interior Features | Breakfast Bar, Ceiling Fan(s), High Speed Internet, Low Flow Plumbing Fixtures, No Interior Steps, Open Floorplan, Primary Bedroom on Main, Smart Thermostat, Storage, Walk-In Closet(s) |
| Windows | Screens, Window Coverings |
| Laundry | Common Area |
| Main-Level Bedrooms | 1 |
| Living Areas | 1 |
| Dining Areas | 1 |
Systems & Utilities
| Cooling | Ceiling Fan(s), Central Air |
| Heating | Central, Electric, Exhaust Fan, Hot Water |
| Utilities | Cable Available, Electricity Connected, High Speed Internet, Natural Gas Not Available, Sewer Connected, Water Connected |
| Water Source | Public |
| Sewer | Public Sewer |
Exterior & Lot
| Construction | Frame, Stone |
| Roof | Asbestos Shingle |
| Foundation | Slab |
| Exterior Features | Barbecue, Boat Dock - Private, Boat Dock - Shared, Boat Ramp, Uncovered Courtyard, Garden, Gas Grill, Lighting, No Exterior Steps, Outdoor Grill, Restricted Access |
| Patio & Porch | Covered, Front Porch, Rear Porch |
| Waterfront | Yes |
| Fencing | Electric, Fenced, Gate, Perimeter, Security, Wrought Iron |
| Lot Features | Level, Trees-Large (Over 40 Ft) |
| Faces | West |
Parking
| Parking Spaces | 1 |
| Parking Features | Direct Access, Gated, Lighted, Outside, Parking Lot, Reserved |
Community & HOA
| HOA | Yes |
| HOA Name | Riverwalk Condominiums Homeowner Association |
| HOA Fee | $180 / Monthly |
| Fee Includes | Common Area Maintenance, Insurance, Landscaping, Maintenance Grounds, Parking, Pest Control, Security, Sewer, Trash |
| Community Features | BBQ Pit/Grill, Cluster Mailbox, Common Grounds, Controlled Access, Courtyard, Curbs, Gated, Google Fiber, Lake, Laundry Room, Nest Thermostat, Pet Amenities, Picnic Area, Pool, Recycling Area/Center, Sidewalks, Storage, Street Lights, Underground Utilities, Trail(s) |
| Security | Building Security, Key Card Entry, Secured Garage/Parking, Security Lights, Smoke Detector(s) |
Assigned Schools
| Elementary | Travis Hts |
| Middle | Pearce Middle |
| High | Travis |
| District | Austin ISD |
Taxes & Legal
| Tax Year | 2026 |
| Annual Tax | $5,000 |
| Assessed Value | $303,325 |
| Parcel # | 02010302070102 |
| Legal Description | UNT 149 BLD I RIVERWALK CONDOMINIUMS AMENDED PLUS .526% INTEREST IN COMMON AREA |
| FEMA Flood Plain | Yes-500 yr |
| In ETJ | No |
| Disclosures | Lead Base Paint Addendum |
| Listing Conditions | Standard |
Listing data last updated:
Frequently Asked Questions
What is the listing price of 500 E Riverside Dr E #149, Austin, TX 78704?
This property is listed at $260,000, which is $449 per square foot. That is 37% below the Travis Heights area median of $715/sqft.
How many bedrooms and bathrooms does 500 E Riverside Dr E #149, Austin, TX 78704 have?
This home has 1 bedroom and 1 bathroom, with 579 square feet of living space.
When was 500 E Riverside Dr E #149, Austin, TX 78704 built?
This property was built in 1971, making it 55 years old.
What neighborhood is 500 E Riverside Dr E #149, Austin, TX 78704 in?
This property is in Travis Heights, Austin, TX. The area is known for south congress avenue, downtown skyline views, historic bungalows.
How long has 500 E Riverside Dr E #149, Austin, TX 78704 been on the market?
This listing has been on the market for 1 day. This is a recent listing.
What type of property is 500 E Riverside Dr E #149, Austin, TX 78704?
This is a Condominium on a 1,136.92 sqft lot.