500 E Riverside DR #242, Austin, TX — photo 1
Price CutEstimated by HomeLocating
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$579,000
3 beds2.5 baths1,465 sqft

500 E Riverside DR #242, Austin TX 78704

MLS #245022309 · CB&A, Realtors · Rebecca Taurozzi

Residential
Built in 1971
0.07 Acres Lot
$395/sqft
HOA $661 / monthly

About this home

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!

Property details

Property type
Residential · Condominium
Status
Active
Year built
1971
Full baths
2
Half baths
1
Lot size
0.068
Subdivision
Riverwalk Condo Amd
MLS area
6
MLS #
245022309

Features

Interior features

  • Ceiling Fan(s)
  • Granite Counters
  • Interior Steps

Exterior features

  • Balcony
  • Boat Dock - Shared
  • Uncovered Courtyard

Additional details

Parking
Additional Parking, Covered
Garage spaces
0
Roof
Composition
Foundation
Slab
HOA
$661 / monthly

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Schools

Assigned schools per the MLS.

School district
Austin ISD
Elementary
Travis Hts
Middle
Lively
High
Travis

See Austin ISD schools & boundaries →

Comparable homes near 500 E Riverside DR #242

Similar homes currently for sale nearby, ranked by distance.

Getting around

Downtown Austin
1 mi
Austin-Bergstrom Airport
5.9 mi

Straight-line distance, not drive time.

Market insights

Compared with 558 active homes in ZIP 78704 · HomeLocating listings

Area median price
$765,000
This home vs. median
24% below
Homes with a price cut
35%

At $579,000, this home is priced 24% below the $765,000 median across 558 active homes in ZIP 78704.

Estimated monthly payment

$4,699/mo
Principal & interest$2,928/mo
Property taxes (est.)
Home insurance (est.)
HOA dues

Home price

$579,000

Down payment

20% ($115,800)

Loan details

30-yr fixed, 6.50%

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Estimate only, not a lending offer or MLS data. Taxes, insurance, and HOA figures are estimated (see ⓘ above for detail); contact a lender to confirm your exact rate and payment.

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Listing courtesy of CB&A, Realtors · Rebecca Taurozzi

Listing data last updated Oct 2, 2026, 11:46 PM

Information is deemed reliable but not guaranteed and should be independently verified. Listing information is provided for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2026 HomeLocating.com.

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