INVESTORS- Currently leased until 7/1/2022 at $2700. Tenants are interested in renewing. NO STR ALLOWED. Experience lakefront living ON Ladybird Lake at Riverwalk which is a rare two-story, gated condo community in South Austin. This spacious 3 bedroom, 2.5 bathroom condo is rarely available and only the 3rd unit on the market this size in the last two years! Updates include beautiful hardwoods, a well-apportioned kitchen, sparkling bathrooms, and a washer/dryer in the unit! Three outdoor porches and exterior storage. Great location in a quiet complex, just steps away from the water and the hike & bike trail! TWO pools, private dock, and easy access to the Lady Bird Lake Boardwalk. The Riverwalk community also has kayak storage, grills, and tons of community space! Live the downtown lake lifestyle in the heart of Austin! This is a truly unique Austin property that embodies the spirit of the City with close proximity to SoCo shops, restaurants, and clubs.
CondoProperty Type
1971Year Built
2,962 sq ftLot Size
$335Est. Price/Sq.Ft.
2 spacesParking
Listed by Michael Said• Compass RE Texas, LLC
Listed by Karen Rutledge• Compass RE Texas, LLC
Bought with Kris Vermelis• Douglas Elliman Real Estate
Rarely available, spacious 3 bedroom, 2.5 bathroom condo! It's been 3 years since a unit with this floorplan has been available. Updates include beautiful hardwoods, well-apportioned kitchen, sparkling bathrooms & washer/dryer in the unit! Two outdoor porches and exterior storage. Great location in quiet complex, just steps away from the water! TWO pools, private dock, owner's boat storage, and easy access to the Lady Bird Lake Boardwalk. The complex is highly sought after for walkability & convenience!
Public Records
Sep 16, 1991
Sold
*
$30/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$9,839 (−15.5%)
$444,600 + $36,176
$480,776
2025
$11,641 (+2.9%)
$500,175 + $68,667
$568,842
2024
$11,316 (−3.9%)
$500,175 + $70,800
$570,975
2023
$11,781 (−13.0%)
$400,140 + $250,991
$651,131
2022
$13,544 (+29.5%)
$160,056 + $525,751
$685,807
2021
$10,456 (+7.5%)
$160,056 + $320,296
$480,352
2020
$9,723 (+3.8%)
$160,056 + $276,628
$436,684
2019
$9,366 (−26.0%)
$160,056 + $276,628
$436,684
2018
$12,664 (+42.0%)
2017
$8,917 (+10.0%)
2016
$8,106 (+13.4%)
2014
$7,149 (+0.8%)
$148,200 + $152,226
$300,426
2013
$7,095 (+1.7%)
$148,200 + $152,226
$300,426
2012
$6,975 (+39.1%)
2011
$5,014 (+9.3%)
2010
$4,588
2009
$4,588
Tax history for 500 E Riverside Dr #241
Year
Property tax
Land + Additions
Assessment*
2026
$9,839 (−15.5%)
$444,600 + $36,176
$480,776
2025
$11,641 (+2.9%)
$500,175 + $68,667
$568,842
2024
$11,316 (−3.9%)
$500,175 + $70,800
$570,975
2023
$11,781 (−13.0%)
$400,140 + $250,991
$651,131
2022
$13,544 (+29.5%)
$160,056 + $525,751
$685,807
2021
$10,456 (+7.5%)
$160,056 + $320,296
$480,352
2020
$9,723 (+3.8%)
$160,056 + $276,628
$436,684
2019
$9,366 (−26.0%)
$160,056 + $276,628
$436,684
2018
$12,664 (+42.0%)
2017
$8,917 (+10.0%)
2016
$8,106 (+13.4%)
2014
$7,149 (+0.8%)
$148,200 + $152,226
$300,426
2013
$7,095 (+1.7%)
$148,200 + $152,226
$300,426
2012
$6,975 (+39.1%)
2011
$5,014 (+9.3%)
2010
$4,588
2009
$4,588
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
3
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Sq. Ft.
1,465
Year built
1971
Style
Condo/Co-op
County
Travis County
APN
187949
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 22, 2026.
L
Lake Commercial District
Lake commercial (L) district is the designation for a use located near Town Lake. An L district designation may be applied to a development that includes any combination of office retail, commercial, and residential uses. Use and site development regulations applicable to an L district use are designed to ensure that the use is compatible and complementary with the Town Lake environment.
Permitted uses
Include but are not limited to:
Agriculture-Other
Garden center
Day care facility
Housing-Senior
Bed & breakfast
Museum / gallery
Property details
Parking
Parking
Features: Assigned
# of Parking (Total): 2
Interior
Virtual Tour
Bathroom Information
# of Full Bathrooms: 2
# of Half Bathrooms: 1
Room 5 Information
Features: Walk-In Closet(s)
Level: Second
Room 6 Information
Level: Second
Room 7 Information
Kitchen
Features: Breakfast Bar
Level: Main
Laundry Information
Features: In Unit
Equipment
Appliances: Down Draft, Dryer, Dishwasher, Electric Cooktop, Disposal, Washer
Interior Features
Window Features: Plantation Shutters
Flooring: Carpet, Tile, Wood
Other Features: Breakfast Bar, Interior Steps, Pantry, Recessed Lighting, Walk-In Closet(s)