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Verified property facts
508 Riverside Dr is listed at $1,299,000 with 4 bedrooms, 3 full bathrooms, 2,208 square feet, 0.18-acre lot.
508 Riverside Dr is zoned for Llano ISD with assigned schools: Llano (elementary), Llano (middle), Llano (high). School assignments should be verified directly with the district.
508 Riverside Dr is a Residential built in 1970 featuring 4 bedrooms, 3 full bathrooms, 2,208 square feet, 0.18-acre lot.
508 Riverside Dr 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 508 Riverside Dr is $17,084. 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
Price Change with current price, original ask, and market time.
Price improvement and 2-1 rate buydown now offered! Experience the pinnacle of waterfront living on the constant-level Lake LBJ. Situated on the premier Upper Colorado Arm, this 2,208 sq. ft. retreat was completely renovated in 2017 and remained completely dry during the October 2018 flood.
Boasting an open-concept layout with 3 bedrooms and 3 baths, the home features a massive bonus room, bringing the total sleep count to 12 in beds. The modern kitchen—complete with granite counters and stainless appliances—flows into a stunning indoor sun porch, the perfect spot for sunrise coffee over the water.
Outside, the 50-foot bulkhead, jet ski ramp, and boat dock (both redone in 2017) sit on excellent deep water, providing year-round access for large boats and watercraft regardless of the season. This is a true "Plug & Play" opportunity: all furnishings, linens, and kitchenware convey. STR is allowed in the neighborhood, so you can continue the successful "Ski Shores" rental legacy or move right in for your first lake summer. Ample parking for 4+ vehicles and trailers.
Property Type
Residential
Year Built
1970
Lot Size
0.18 acres
$/Sq Ft
$588
HOA
$50/mo
Garage
2 spaces
Listed by Layer Three Real Estate Group
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2026 | — | $86,641 | $86,641 | — |
Llano 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. Ratings from GreatSchools.org.
20% ($260K)
$1,299,000
Luxury property intelligence
A sourced read on Lakewood Forest Unit III pricing, timing, and property scale. No automated valuation claim.
List price
$1,299,000
Price per sqft
$588/sqft
Vs. Lakewood Forest Unit III median
Not available
Days on market
67 days
Original to current
$51K reduction
$1.4M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of May 10, 2026.
Request Private Market AnalysisWith 20% down ($259,800) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 508 Riverside Dr is around $8,164 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $1,299,000, 508 Riverside Dr is in the Lakewood Forest Unit III market where there are currently 90 active listings in 78639.
508 Riverside Dr was built in 1970 (56 years ago). Buyers should budget for potential updates to major systems.
508 Riverside Dr includes verified waterfront access. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
508 Riverside Dr is part of a managed community with HOA dues of $50 annually. HOA-managed communities in Austin's luxury market typically provide amenities such as common areas, security, and exterior maintenance. Verify current dues and rules with the HOA directly.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
3 events on record
Current Price
$1,299,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2026 | — | $86,641 | $86,641 | — |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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