#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024
104.6 feet of Guadalupe River frontage, 1.019 acres of waterfront land, and one of the most buildable homesites in the collection create a rare opportunity less than one mile from Historic Gruene. Multiple parcels are available, offering buyers the chance to secure Guadalupe River property in one of the Texas Hill Country's most sought-after destinations.
This property combines direct river access with a level homesite that is exceptionally well-suited for future construction. Unlike many waterfront properties that require significant site work, the terrain offers outstanding usability and flexibility for a custom home, vacation retreat, or long-term investment. The improved shoreline already features a concrete retaining wall, providing both functionality and long-term stability.
Mature shade trees and natural landscaping create a beautiful park-like setting, while the combination of open build space, river frontage, and Hill Country scenery provides the ideal backdrop for waterfront living. The Guadalupe River offers convenient access to kayaking, fishing, tubing, swimming, and year-round recreation.
Located just minutes from Gruene Hall, restaurants, boutique shopping, live music, river outfitters, downtown New Braunfels, and IH-35, the property delivers a unique combination of privacy, recreation, and convenience.
Riverfront properties offering this combination of frontage, level terrain, improved shoreline, mature trees, and proximity to Gruene are increasingly difficult to find. This is an exceptional opportunity to create something special along one of the most desirable stretches of the Guadalupe River.
Property Type
Commercial Sale
Year Built
1974
Lot Size
1.02 acres
Garage
6 spaces
Listed by Keller Williams Heritage
Verified property facts
1242 Ervendberg Ave Unit #Lot 5 is listed at $949,900 with 0 bedrooms, 1.02-acre lot. This places it above the 78130 median of $542,500.
1242 Ervendberg Ave Unit #Lot 5 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 5 is a Commercial Sale built in 1974 featuring 0 bedrooms, 1.02-acre lot.
1242 Ervendberg Ave Unit #Lot 5 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.
The most recent annual property tax for 1242 Ervendberg Ave Unit #Lot 5 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.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Property Details
Flooring
Construction
Parking
Listing timeline with current price, original ask, and market time.
20% ($190K)
$949,900
Luxury property intelligence
A sourced read on Downtown Austin pricing, timing, and property scale. No automated valuation claim.
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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#1 ABOR Team 2024 with $1B+ career sales volume
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 5 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 5 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 5 was built in 1974 (52 years ago). Buyers should budget for potential updates to major systems.
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 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)
Best Match
Balanced against price, location, and layout so nearby lookalikes rise first. Similar properties in N/A
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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