
84 feet of Guadalupe River frontage, 1.041 acres of waterfront land, and a location less than one mile from Historic Gruene create a rare opportunity in one of the Texas Hill Country's most sought-after destinations. Multiple parcels are currently available, offering buyers the flexibility to secure riverfront property in a location where opportunities continue to become increasingly limited. This property offers direct access to the Guadalupe River along a peaceful stretch of waterfront surrounded by mature trees, abundant greenery, and beautiful Hill Country views. A large level building area provides an ideal setting for a custom home, vacation retreat, or long-term investment property, while the gentle terrain naturally transitions toward the river below. The property's natural beauty is one of its greatest assets. Mature shade trees create privacy and character throughout the homesite, while the riverside setting offers convenient access to kayaking, fishing, tubing, swimming, and other recreational activities that make this section of the Guadalupe so desirable. A water meter is already in place, providing a valuable head start for future development. The waterfront remains unimproved, allowing future owners the flexibility to create shoreline improvements, outdoor living spaces, and river access tailored to their own vision. Located just minutes from Gruene Hall, boutique shopping, restaurants, live music venues, river outfitters, and downtown New Braunfels, the property delivers a unique combination of privacy, recreation, and convenience. Easy access to IH-35 places both Austin and San Antonio within comfortable reach. Waterfront acreage this close to Historic Gruene is increasingly difficult to find. With approximately 84 feet of Guadalupe River frontage, mature trees, usable build space, and one of the area's most desirable locations, this property offers an exceptional opportunity to create something special along the Guadalupe River.
Property Type
Land
Lot Size
1.04 acres
Listed by Keller Williams Heritage
Verified property facts
1242 Ervendberg Ave Unit #Lot 2 is listed at $949,900 with 0 bedrooms, 1.04-acre lot. This places it above the 78130 median of $542,500.
1242 Ervendberg Ave Unit #Lot 2 is zoned for New Braunfels ISD with assigned schools: Lamar (elementary), Oakrun (middle), New Braunfels (high). School assignments should be verified directly with the district.
1242 Ervendberg Ave Unit #Lot 2 is in Downtown Austin, Austin, Texas. See the full [Downtown Austin neighborhood guide](/neighborhoods/downtown-austin) for market data, schools, and lifestyle details.
1242 Ervendberg Ave Unit #Lot 2 is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
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Property Details
Lot Features
Waterfront
Listing timeline with current price, original ask, and market time.

New Braunfels ISD
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
20% ($190K)
$949,900
Luxury property intelligence
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List price
$949,900
Price per sqft
Not available
Vs. Downtown Austin median
+8.6%
$875K median
Days on market
13 days
Original to current
No verified reduction
$949.9K original
Active inventory context
Ask for current inventory
Price Position in Downtown Austin
Listed 9% above the Downtown Austin median
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 21, 2026.
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The most recent annual property tax for 1242 Ervendberg Ave Unit #Lot 2 is $32,353. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
With 20% down ($189,980) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 1242 Ervendberg Ave Unit #Lot 2 is around $7,625 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $949,900, 1242 Ervendberg Ave Unit #Lot 2 is in the Downtown Austin market where there are currently 68 active listings in 78130. For a detailed market analysis, see our [Downtown Austin guide](/neighborhoods/downtown-austin).
1242 Ervendberg Ave Unit #Lot 2 includes verified waterfront access: River Front,Waterfront. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Downtown Austin is one of Austin's established neighborhoods, zoned for New Braunfels ISD in the 78130 area. The Keenan Group has specialized in Downtown Austin real estate for 25+ years with 1,000+ career transactions. Contact (512) 415-7653 for current market conditions and available homes.
Source: Keenan Group at Compass Real Estate, #1 Austin Board of Realtors Team (2024)
Neighborhood guide and local insights
Downtown Austin runs from the Colorado River north to the Capitol, bounded by I-35 to the east and Lamar to the west. It is the densest residential market in Central Texas with high-rise condos, historic lofts, and luxury towers concentrated in distinct sub-districts. The Seaholm District anchors the west end with the Seaholm Residences and the new Google tower reshaping the skyline. Rainey Street sits along the lake's north shore - what was a street of bungalow bars is now flanked by 40-story residential towers including 70 Rainey and The Lakeshore. The Warehouse District between 3rd and 6th Streets draws buyers who want walkable nightlife and restaurant access. Congress Avenue bisects downtown and remains the civic spine connecting the Capitol to the lake. The Austonian (56 floors), The Independent (58 floors), and 360 Condominiums are the marquee towers. Newer projects like Sixth & Guadalupe and The Republic continue adding inventory. Price points range from $400K studio condos to $5M+ penthouses with lake and Hill Country views. Walk Score averages 95+. The MetroRail Red Line stops at downtown station. Major employers including the State of Texas, UT Austin, and a growing tech presence (Google, Meta, Apple satellite offices) generate consistent housing demand. Nightlife, dining, live music, and Lady Bird Lake hike-and-bike trail are all within walking distance. Buyers here are typically professionals, empty nesters downsizing from suburban estates, investors, and out-of-state relocations drawn to Austin's urban core. HOA fees range from $400/month in older buildings to $2,000+ in full-service towers. Most buildings include concierge, pool, fitness center, and secure parking.
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