1 bed, 1 bath, 612 sqft on 0.01 acres in Downtown Austin. Austin, TX 78701. $245,000. Austin ISD.
About This Home
Located just a few blocks from UT and in walking distance to downtown Austin, 1808 Rio Grande is the perfect option for a spacious 1 bedroom condo that is both convenient and affordable. The condo features a two story layout with the bedroom and primary bathroom upstairs, and the living/kitchen and half bath downstairs. This condo is perfect for UT Students who want a nice quiet place in walking distance to campus or even professionals who want a property in the downtown zip code of 78701 that is affordable. Contact the Gill Cave Group to schedule a viewing.
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.
School District: Austin ISD
View Downtown Austin neighborhood guide- Property Type
- Residential
- Year Built
- 1982
- Lot Size
- 0.01 acres
- Price / Sq Ft
- $400
- HOA
- $226/mo
Listing information last updated June 30, 2026.
Listed by Gill Cave Group
MLS# 8745421 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Interior Steps
- Dishwasher
- Disposal
- Microwave
- Free-Standing Range
- Refrigerator
- Carpet
- Laminate
- Tile
- Heating
- Electric
- Cooling
- Central Air
Exterior & Lot
- Vertical Siding
- Trees-Medium (20 Ft - 40 Ft)
- Slab
- Roof
- Composition
- Lot Size
- 0.01 Acres
- Assigned
Financial
- HOA Fee
- $226 / mo
- Original List Price
- $265,000
- Price per Sq Ft
- $400
Utilities
- Electricity Available
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
4 records on file
Every recorded listing, sale, and lease at 1808 Rio Grande ST Unit #2, whoever represented it.
- ActiveListed 2026Current price: $245,000Original list: $265,000MLS 8745421
- Listed · May 29, 2026$265,000
- Price changed · July 1, 2026$245,000
- SoldJuly 12, 2024Listed at: $275,000MLS 3195010
- LeasedMay 6, 2024Asking rent: $1,500/moMLS 7656979
- SoldApril 28, 2021Listed at: $225,000MLS 9438890
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
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Price & Listing History
Price Change with current price, original ask, and market time.
- Current list
- $245,000
- Original list
- $265,000
- Price movement
- $20K reduction
- Listed / DOM
- May 29, 2026 · 159 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $375,709
- Assessment Year
- 2025
- Year Built
- 1982
- Parcel ID
- 000000202020
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-32.0% | — | $375,709 | — | — |
2024+19.4% | — | $552,734 | $144,690 | $316,736 |
2023+27.9% | — | $463,070 | $144,690 | $408,044 |
2022+4.8% | — | $362,136 | $100,170 | $362,900 |
2021 | — | $345,441 | $100,170 | $261,966 |
Zoned Schools
Austin
O Henry
Bryker Woods
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.
Excluded from this estimate: property taxes and home insurance. Each requires verified amount, cadence or unit, source, and as-of details.
HOA source: MLS Grid / Unlock MLS, as of 2026-10-17T10:07:14.408+00:00; normalized from monthly dues.
Illustrative down payment
20% ($49K)
Adjustable assumption - not a lending recommendation.
Home price
$245,000
Loan details
Luxury property intelligence
Keenan Market Position
A sourced read on Downtown Austin pricing, timing, and property scale. No automated valuation claim.
List price
$245,000
Price per sqft
$400/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
159 days
Original to current
$20K reduction
$265K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 17, 2026.
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