May 19, 2016 at 5:12pm | Denise Bodman

By Conor Patterson

Austin in general is a great place to live. It has a healthy and expanding economy, is full of fantastic state recognized schools, and is a vibrant hub for music, arts, politics, and technology. An average of 110 people move here every day! Austin is filled with tons of exciting and diverse areas, all offering something totally unique and different than the last. And as a potential real estate investor, here are three Austin neighborhoods we think you should take a look at.

Tarrytown


Located just west of Mopac and north of Lake Austin is the lovely Tarrytown neighborhood. Filled with charming parks, quiet streets, and popular schools, this neighborhood is a highly sought after place to live in Austin.  It has quick access to downtown, the UT campus area, Lady Bird Lake, and the Greenbelt. But one thing that attracts many buyers and Austin home investors is the eclectic look of the area. The main assortment of homes in Tarrytown date back to the 1930s and 40s, and have since maintained their architectural integrity. The old trees and classic home designs make driving through this neighborhood absolutely breathtaking. But right next door to these homes are many new buildings, new construction condominiums, and houses with a New Age aesthetic. This exciting contrast of modern and classic architecture has filled Tarrytown with visual character and charisma unique to this part of the city.

Mueller


Created in the spot of the old Mueller Municipal Airport and meant to attract current Austinites and potential investors to a new area, Mueller has become a stunning development in East Austin for young professionals. Parks, shopping centers, and a wide array of restaurants, bars, and businesses are just walking distance from the many houses, townhomes, apartments, and lofts that scatter throughout the area. Although nearly all of the construction in this area is brand new, the landscape features hundreds of acres of natural parkland and walking trails.  While the neighborhood is still under construction, it is expected to create 650,000 spare feet of retail space, 4,600 homes, and subsequently, 10,000 jobs upon completion! Zoned for Austin Independent School District and only a five-minute drive to Downtown, this Austin neighborhood is the place to find exciting investment opportunities.

East Riverside

In the past 10 years, the Riverside area has seen improvements unlike any other neighborhood in Austin. With beautiful high-rise condos overlooking Lady Bird Lake, tons of new apartment developments, and an influx of retail and restaurants spaces, this area has had a 10% median home price rise in just the past year! The homes are larger than ones closer to the city and public transport to Downtown and the UT campus has increased and become more lucrative. East Riverside is a youthful neighborhood, still boasting the highest concentration of students in Austin, right behind West Campus and Hyde Park. With a huge variety of food trucks, music venues, and available commercial spaces, both investors and renters are flocking to this once neglected area.

For more information about how to invest in Austin, give one of our Realtors® a call at 512-360-9061!


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