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$499,900
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Property Description
This impressive two-story multifamily property offers exceptional versatility and income potential in East Austin with eight bedrooms and four full bathrooms, providing flexible options for investors, multi-generational households, or owner-occupants. Enjoy a convenient East Austin location with shopping, dining, recreation, and transportation nearby. Within approximately 10 minutes are Walter E. Long Metropolitan Park and Decker Lake, Colony Park District Park, Travis County Expo Center, neighborhood parks and trails, and a variety of restaurants, grocery stores, and everyday services along Loyola Ln, Decker Ln, US-183, and SH-130. Downtown Austin is approximately 8 miles away, with Austin-Bergstrom International Airport about 10 miles away.
Full Property Details
Full Property Details for 8201 Riverstone Dr
General
- Price: $499,900
- Taxes: $9,033 (2026)
- Status: Active
- Type: Multi-Family
- Source: Austin_MLS
- MLS ID: 7957077
- Updated: 8/25/2026
- Added to Site: 26 day(s) ago
Interior
- Interior Features: Breakfast Bar, Ceiling Fan(s), No Interior Steps, Open Floorplan
- Appliances: Dryer, Dishwasher, Electric Oven, Microwave, Range, Refrigerator, Washer
- Flooring: Laminate, Vinyl
Rooms
Other Rooms
- Laundry: Inside, Multiple Locations, Washer Hookup, Electric Dryer Hookup
Additional Information
- Shared Amenities: Street Lights, Sidewalks, Curbs
- Security/Safety: None
- Equipment: None
Exterior
- Exterior Features: Exterior Steps
- Porch/Patio/Deck: Porch
Parking
- Parking Features: Open, Parking Lot
Location
- Area: 3E
- County: Travis
- Subdivision: Colony Meadows Sec 01
- Driving Directions: From US-290 E, take the exit toward S First St & merge onto W Ben White Blvd/W Texas Hwy 71 Service Rd. Right on James Casey St. Right on W St Elmo Rd. Left on Vinson Dr. Continue onto Emerald Forest Dr. Left on Pine Meadow Dr. Left on Cedar Glen which turns slightly right & becomes Salem Walk Dr. Property on the left.
- Direction Faces: North
School Information
- Elem School District: Austin ISD
- Midd School District: Austin ISD
- High School District: Austin ISD
- Elementary School: Overton
- Middle School: Garcia
- High School: Lyndon B Johnson (Austin ISD)
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Electricity Connected, Sewer Connected, Water Connected
Structural Information
- Detached/Attached: Detached
- Construction: Stone, Wood Siding
- Roof: Shingle
- Windows: Blinds
- Stories/Levels: 2
- Square Feet: 3,120
- Sq. Ft. Source: Public Records
- Living Area: 3,120 Sq. Ft.
- Year Built: 1985
- Year Built Source: Public Records
- Property Condition: Resale
Additional Structures
- Other Structures: None
Lot Features
- Property View: Neighborhood
- Lot Size (Acres): 0.2303
- Lot Size (Sq. Ft.): 10,031.87
- Street Lights: Yes
- Sidewalks: Yes
- Fence: Yes
- Lot Features: Corner Lot, Few Trees
- Fencing (Description): Fenced
Financial Considerations
- Assessment Amount: $441,433
- Tax Amount: $9,033.86
- Tax Year: 2026
- Terms: Cash, Conventional, FHA, VA Loan
- Owner Pays: Insurance, Taxes
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Lease
- Legal Description: LOT 1 BLK C COLONY MEADOWS SEC 1
- Disclosures/Reports: None
- Property ID: 2173805030000
- Block: C
- Lot Number: 1
Listed by Keller Williams Realty
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Schools
Schools serving 8201 Riverstone Dr
School District:Austin Independent School District
| Name | Grades | Distance |
|---|---|---|
Overton Elementary School, Austin, TX 7201 Colony Loop Drive, Austin, TX 78724 | K-5 | 0.6 mi |
Dobie Middle School 1200 East Rundberg Lane, Austin, TX 78753 | 6-8 | 5.2 mi |
Lbj High School 7309 Lazy Creek Drive, Austin, TX 78724 | 9-12 | 2.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8201 Riverstone Dr
Date
Details
Price
Change
Source
7/31/2026
Listed
$499,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 8201 Riverstone Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$12,335
13%
$602,743
10%
2024
$10,884
—
$549,181
-16%
2022
$10,909
—
$654,349
18%
2022
$10,909
7%
$552,369
14%
2021
$10,235
43%
$486,129
51%
2020
$7,170
4%
$322,000
-1%
2020
$6,906
12%
$324,055
15%
2018
$6,168
43%
$280,809
45%
2016
$4,311
—
$193,095
—
2017
$4,306
6%
$193,297
9%
2015
$4,075
14%
$177,488
23%
2013
$3,562
—
$143,814
-1%
2013
$3,562
—
$144,620
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 8201 Riverstone Dr
8201 Riverstone Drive, Austin, TX 78724 (MLS# 7957077) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 8201 Riverstone Drive is currently listed for $499,900 and was received on July 31, 2026. Want to learn more about 8201 Riverstone Drive? Do you have questions about finding other Multi-Family real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.

