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500 E Riverside Dr #242, Austin, TX 78704

$599,000

3 bd · 3 ba · 1,465 sqft

500 E Riverside Dr #242, Austin, TX 78704

500 E Riverside Dr #242, Austin, TX 78704 is a 3-bedroom, 3-bathroom condominium listed at $599,000 ($409/sqft). 1,465 sqft. Built in 1971. Located in Travis Heights, Austin TX. Priced 44% below the Travis Heights median of $729/sqft. MLS #7440009. Listed by CB&A, Realtors.

Property Overview

This South Shore waterfront condo on Riverside Drive captures the essence of Travis Heights living with direct Lady Bird Lake access and stunning downtown skyline views from multiple private patios. The 1,465-square-foot residence spans two stories, featuring an open-concept main level that bathes the living, dining, and kitchen spaces in natural light, while three generously proportioned bedrooms upstairs each open onto their own outdoor retreats. Recent 2024 upgrades to the roof and indoor air handler ensure move-in confidence, and the light, contemporary finishes throughout create an inviting aesthetic.

Riverwalk Condominiums provides resort-caliber amenities including a heated pool, community lounge, and direct dock access for paddleboards and kayaks—all steps from the Lady Bird Lake trail system. The location delivers walkable proximity to South Congress Avenue's eclectic shops and restaurants, Zilker Park, Barton Springs, and Downtown Austin, positioning residents at the intersection of neighborhood charm and urban convenience. Priced at $409 per square foot—substantially below the area median—this property offers exceptional value in one of Austin's most desirable lakefront communities.

Vox Real Estate Insight

The 2024 roof and HVAC upgrades combined with this waterfront pricing make this an unusual opportunity in Travis Heights, where comparable properties typically command higher per-square-foot rates. Vox Residential recognizes that waterfront inventory on Lady Bird Lake moves quickly, and this five-day-on-market timeline reflects the appeal of direct lake access paired with genuine cost efficiency.

Agent Description

This spacious 3-bedroom, 2.5-bath, 2-story condo offers breathtaking downtown skyline views and private waterfront access on the south shore of Lady Bird Lake. Enjoy 1,465 sq. ft. of stylish living space featuring wood-look vinyl flooring, abundant natural light, and an updated color scheme. The first floor boasts an open-concept living, dining, and kitchen area, while upstairs, you’ll find three well-sized bedrooms, walk-in closets, and three private patios—perfect for soaking in the views. Recent upgrades include a NEW roof (2024), NEW indoor air handler (2024). The Riverwalk Condominiums community provides secure gated entrances, private landscaped grounds, pool, lounge areas, and a community dock with canoe, kayak, and SUP storage. Plus, enjoy direct access to the Lady Bird Lake trail just outside the gates! This unbeatable 78704 location is a short walk to SoCo, Downtown, Barton Springs, Zilker Park, and Auditorium Shores. With private assigned parking 448(under carport) and 475(onside of the building). This rare opportunity won’t last long!

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 $409/sqft, this listing is priced 44% below the Travis Heights median of $729/sqft.

Property Details

Property TypeCondominium
Year Built1971
Bedrooms3
Bathrooms3
Living Area1,465 sqft
Lot Size2,962 sqft
Price / Sqft$409
StoriesTwo
ConditionResale
Unit Style2nd Floor Entry
SubdivisionRiverwalk Condo Amd
CountyTravis
MLS Area6
ListedJul 20, 2026
MLS #7440009
Listed ByCB&A, Realtors

Interior

FlooringLaminate, Tile
AppliancesDishwasher, Refrigerator
Interior FeaturesCeiling Fan(s), Granite Counters, Interior Steps
WindowsDrapes, Screens
LaundryIn Kitchen
Main-Level Bedrooms3

Systems & Utilities

CoolingCentral Air
HeatingElectric
UtilitiesElectricity Available
Water SourcePublic
SewerPublic Sewer

Exterior & Lot

ConstructionHardiPlank Type, Stone Veneer
RoofComposition
FoundationSlab
Exterior FeaturesBalcony, Boat Dock - Shared, Uncovered Courtyard
Patio & PorchTerrace
PoolIn Ground
FencingElectric, Gate
FacesSouth

Parking

Parking Spaces2
Parking FeaturesAdditional Parking, Covered

Community & HOA

HOAYes
HOA NameThe Riverwalk Condominium Owners Association Inc.
HOA Fee$661 / Monthly
Fee IncludesMaintenance Grounds, Maintenance Structure, Parking
Community FeaturesBBQ Pit/Grill, Common Grounds, Courtyard, Gated, Pool
SecuritySecurity Fence

Assigned Schools

ElementaryTravis Hts
MiddleLively
HighTravis
DistrictAustin ISD

Taxes & Legal

Tax Year2025
Assessed Value$594,797
Parcel #02010302070095
Legal DescriptionUNT 242 BLD H RIVERWALK CONDOMINIUMS AMENDED PLUS 1.372% INTEREST IN COMMON AREA
FEMA Flood PlainNo
In ETJNo
DisclosuresLead Base Paint Addendum
Listing ConditionsStandard

Listing data last updated:

Frequently Asked Questions

What is the listing price of 500 E Riverside Dr #242, Austin, TX 78704?

This property is listed at $599,000, which is $409 per square foot. That is 44% below the Travis Heights area median of $729/sqft.

How many bedrooms and bathrooms does 500 E Riverside Dr #242, Austin, TX 78704 have?

This home has 3 bedrooms and 3 bathrooms, with 1,465 square feet of living space.

When was 500 E Riverside Dr #242, Austin, TX 78704 built?

This property was built in 1971, making it 55 years old.

What neighborhood is 500 E Riverside Dr #242, 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 #242, Austin, TX 78704 been on the market?

This listing has been on the market for 23 days.

What type of property is 500 E Riverside Dr #242, Austin, TX 78704?

This is a Condominium on a 2,962.08 sqft lot.

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