Active Listing  ·  61 days on market

44 East Ave #1407

Austin, TX 78701
$798,000
2 Bed 2 Bath 1,221 sqft $654/sqft Built 2019 0.00 acres 2-Car Garage Pool Waterfront 44 East

Welcome to elevated downtown living in this move-in ready 2-bedroom, 2-bath northeast corner condo, offering beautiful city skyline and East Austin views. Fresh paint throughout gives the home a bright, refreshed feel, while the thoughtfully designed interior features Bosch stainless steel appliances, quartz countertops with an extended backsplash, electric shades, a custom-built primary closet, and a private covered balcony to take in the views.

A rare bonus, this unit includes two dedicated parking spaces, one equipped with an EV charger.

Residents enjoy an exceptional lineup of amenities, including 24-hour concierge service, a climate-controlled pool, fitness center, yoga studio, grilling areas, owner's lounge, private conference rooms, game room, guest suites, catering kitchen, dog park, and dog wash.

Located on the quieter end of the Rainey Street District, you're just steps from some of Austin's best restaurants, coffee shops, and nightlife, with Whole Foods, Target, Lady Bird Lake, and downtown attractions all within about a mile. Whether you're looking for a full-time residence or the ultimate lock-and-leave lifestyle, this condo puts the best of Austin right outside your door.

At $654/sqft, this home is priced 66% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

44 East Ave #1407, Austin, TX 78701

Property Details

Price $798,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,221 sqft
Lot Size 0.00 acres (95.83 sqft)
Year Built 2019
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision 44 East
County Travis
Zip Code 78701
$/sqft $654/sqft
Days on Market ,
HOA $1,020.26/Monthly
Annual Tax Est. $19,344
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT241016273
List Date July 23, 2026
Elementary School Mathews
Middle School O Henry
High School Austin
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

Schedule a Call →

Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · July 23, 2026 $825,000
Current ask $798,000
Reduced $27,000 (-3.3%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
360 Nueces St #2302
Residential Condo Amd 360
$799,000 $754 2 bd / 2 ba 1,059 sqft , 2026-05-07
300 Bowie St #2301
Spring Condo Amd
$799,000 $770 2 bd / 2 ba 1,038 sqft , 2026-07-15
1606 S 2nd St
Bouldin J E Estate
$799,900 $641 3 bd / 2 ba 1,248 sqft , 2026-08-10
84 East Ave #2506
VESPER CONDOMINIUMS
$795,000 $650 2 bd / 2 ba 1,224 sqft , 2026-03-24
1709 Drake Ave
Fairview Park
$795,000 $935 2 bd / 1 ba 850 sqft , 2026-09-10

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$3,830/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$159,600
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$3,830
Principal + Interest−$4,355
Property Tax (~2.1% TX avg)−$1,397
Insurance (~0.5%)−$333
Est. Monthly Cash Flow $-2,255

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on August 16, 2026.

📞 (254) 718-2567 [email protected] More about Luke →