#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024This property has sold on January 31, 2024. Looking for something similar? Contact us or browse available homes.
1500 Rio Grande, Tract D St
Austin, TX, 78701
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— bed, — bath on 0.32 acres in Downtown Austin. Austin, TX 78701. $2,500,000. Austin ISD.
Lot is .319 acres at the corner of West Ave and 16th St (NW corner of 1500 Rio Grande). Welcome to the heart of Austin in the Northwest District of downtown, where history, charm, modern living and a vibrant commercial life seamlessly intertwine. Imagine yourself in a place where dreams unfold, where history whispers its stories, and where the heartbeat of Austin pulses through every street. This remarkable third-acre lot, boast majestic Heritage oaks and captivating views of downtown. Positioned at the coveted intersection of West Ave and 16th St, this exceptional property resides in the sought-after Judge’s Hill neighborhood. Presently zoned SF-3, this generous lot can accommodate a two-level, 4,700sf structure complete with ample space for a pool and charming cabana, or could possibly be re-zoned for Limited or General Office or Downtown Mixed-Use. Prepare to host unforgettable gatherings beneath the canopies of Austin’s most cherished and time-honored trees. What a great opportunity to create a haven where people love to live and visit. Call agent for details on taxes.
Verified property facts
1500 Rio Grande is listed at $2,500,000 with 0 bedrooms, 0.32-acre lot. This places it above the ZIP 78701 single-family, condominium, and townhouse closed-sale median price of $585,000 (ZIP 78701 geography · single-family, condominium, and townhouse closed sales · median sale price · trailing 12 months as of Sep 24, 2026).
1500 Rio Grande is zoned for Austin ISD with assigned schools: Bryker Woods (elementary), O Henry (middle), Austin (high). School assignments should be verified directly with the district.
1500 Rio Grande is listed by Moreland Properties. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Jun 4, 2026.
This page does not assume a mortgage rate or publish a monthly payment for 1500 Rio Grande. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
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1 record on file
Every recorded listing, sale, and lease at 1500 Rio Grande, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Listing timeline with current price, original ask, and market time.
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. Ratings from GreatSchools.org.
20% ($500K)
Adjustable assumption - not a lending recommendation.
$2,500,000
Luxury property intelligence
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List price
$2,500,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
+185.7%
$875K · Downtown Austin neighborhood guide · reference price
Days on market
Not available
Original to current
No verified reduction
$2.5M original
Active inventory context
Ask for current inventory
Price Position in Downtown Austin
Listed 186% above the Downtown Austin neighborhood guide reference price. Downtown Austin neighborhood guide · reference price.
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 4, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
As of Jun 4, 2026, 1500 Rio Grande is offered at $2,500,000. The current MLS snapshot shows 219 active listings in 78701. Keenan Group has completed 12 verified transactions in 78701 within its 1,000+ completed transactions and $1B+ career volume across Austin. See Keenan Group's Downtown Austin guide for current neighborhood analysis.
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 Austin ISD in the 78701 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 Judge's Hill
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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