In an ongoing series for Curbed Austin, real-estate analytics site NeighborhoodX is taking a close look at sales price ranges in different neighborhoods. Today, it’s checking out numbers in the East Riverside-Oltorf area.
East Riverside Drive, which cuts through the northern part of the neighborhood, has for decades been a busy corridor surrounded by relatively inexpensive apartment complexes (first primarily populated by University of Texas students, later becoming more popular with working people and families), strip malls, small local restaurants, and drive-through fast food. It also has been home off and on to large music clubs.
Development of the Town Lake trail and boardwalk just north of the area’s namesake street has brought higher-end condo and apartment projects to that area. The hills south of the road, especially close to IH-35, are sometimes called “Travis Heights East,” as they retain the markers of the area’s agricultural past as well as large, single-family homes from three different waves of development in the 20th century.
The current average listing price for the neighborhood is $213 per square foot. However, the individual listings which make up that average range from $134/square foot (2124 Burton Drive #134) to $290/square foot (2710 Metcalfe Road, a lot with two houses on it asking $915,000).