$298,000

Property Overview

Waterfront living on Lady Bird Lake defines this first-floor condominium at 500 E Riverside Drive in Austin's Travis Heights neighborhood. The 564-square-foot unit captures downtown skyline views and direct lake access while remaining steps from South Congress Avenue's vibrant dining and retail scene, plus immediate proximity to Zilker Park and Barton Springs Pool. Recently renovated with marble flooring, granite countertops, and a new HVAC system, this condo merges comfort with convenience in one of Austin TX's most desirable walkable communities.

The thoughtfully designed interior maximizes its compact footprint through efficient layouts and in-unit laundry. Energy-efficient windows and updated climate control reduce utility demands, while the private assigned parking spot simplifies daily logistics. The gated Riverwalk Condominiums community provides resort-style amenities including two pools, fitness facilities, and lakeside trails, all supported by a comprehensive HOA structure covering water, sewer, trash, structure insurance, and maintenance.

Priced at $298,000, this property sits 27 percent below the area median price per square foot, making it an accessible entry point to waterfront ownership in this historic neighborhood. The recent community-wide improvements—new roof, updated security systems, fresh exterior finishes—underscore the collective commitment to property value and resident experience.

Vox Real Estate Insight

Vox Real Estate recognizes this listing as a rare opportunity to acquire direct waterfront access at a significant discount to neighborhood comparables, particularly given the recent capital improvements and updated mechanical systems that reduce future ownership uncertainties. The location's walkability to SoCo and downtown, combined with immediate nature access via Lady Bird Lake trails, appeals to Austin buyers seeking lifestyle value without premium pricing.

Agent Description

Call agent for more info on the available 5.5% interest rate! Rare opportunity to live on the water in the heart of 78704. This move-in-ready 1 bed, 1 bath condo (564 sq ft) offers breathtaking downtown skyline views and private waterfront access on the south shore of Lady Bird Lake, all within a short walk to SoCo, Downtown, Barton Springs, Zilker Park, and Auditorium Shores. The unit makes the most of its compact footprint with smart, efficient living space. Granite countertops and marble floors elevate the remodeled design. It includes energy efficient windows and a NEW HVAC system with a 10 year warranty in addition to private in-unit laundry. A private assigned parking spot is included. HOA dues cover water, sewer, trash, recycling, structure insurance, and common-area maintenance, offering low-hassle ownership. Recent community improvements include a new roof, updated gate system and security cameras, fresh exterior paint, and updated exterior lighting. The gated Riverwalk Condominiums community offers resort-style amenities: two pools, secure gated entrances, private landscaped grounds, lounge areas, and a community dock with canoe, kayak, and SUP storage. Step outside the gates for direct access to the Lady Bird Lake trail, perfect for walking, running, or biking along the water. Call for seller financing details! Recent inspection report available upon request.

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 $528/sqft, this listing is priced 26% below the Travis Heights median of $715/sqft.

Property Details

Interior

Systems & Utilities

Exterior & Lot

Parking

Community & HOA

Assigned Schools

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