Active Listing  ·  249 days on market

44 East Ave #1503

Austin, TX 78701
$579,000
1 Bed 1 Bath 618 sqft $937/sqft Built 2022 0.01 acres 1-Car Garage Pool Waterfront 44 East Avenue Condominiums

True 1 bed / 1 bath were you can enjoy downtown skyline and Lady Bird Lake views from inside plus a reserved parking space. Located on the quieter residential end of the vibrant Rainey Street District, this stylish condo features floor-to-ceiling windows, hardwood flooring throughout, white Italkraft cabinetry, quartz countertops, gas cooking and an oversized covered balcony. Exceptional Michael Hsu-designed amenities include a cenote-style pool, outdoor lounge and grills, fitness center, yoga studio, dog lounge/spa, conference rooms, great room with caterer’s kitchen, family game room, two guest suites and a welcoming lobby with complimentary coffee and water. 44 East offers an active social calendar and a friendly community for residents and dog owners alike. Trailhead Park and the Lady Bird Lake hike-and-bike trail are right outside, with restaurants, live music, coffee, Whole Foods and Target nearby. Convenient access to I-35, Highway 71, UT, Dell Medical School, Oracle and Austin-Bergstrom International Airport. This is true one-bedroom living at 44 East—without sacrificing the view, balcony or parking.

At $937/sqft, this home is priced 138% 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 #1503, Austin, TX 78701

Property Details

Price $579,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 618 sqft
Lot Size 0.01 acres (435.6 sqft)
Year Built 2022
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision 44 East Avenue Condominiums
County Travis
Zip Code 78701
$/sqft $937/sqft
Days on Market ,
HOA $530/Monthly
Annual Tax Est. $8,666.08
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT216266764
List Date January 16, 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.

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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 · January 16, 2026 $580,000
Current ask $579,000
Reduced $1,000 (-0.2%) 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
48 East Ave #1308
48 East Condos
$580,000 $722 1 bd / 1 ba 803 sqft , 2026-06-12
84 East Ave #3808
VESPER Zopp Add
$580,000 $870 1 bd / 1 ba 667 sqft , 2026-08-04
44 East Ave #1909
44 East Ave Condominiums
$575,000 $727 2 bd / 2 ba 791 sqft , 2026-08-13
84 East Ave #3907
Vesper Condominium Community, Inc
$589,000 $810 1 bd / 1 ba 727 sqft , 2026-08-09
222 West Ave #1412
Seaholm Residences Residential
$565,000 $688 1 bd / 1 ba 821 sqft , 2026-06-01

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
$2,779/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
$115,800
20% conventional investment loan

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

Estimated Gross Rent+$2,779
Principal + Interest−$3,160
Property Tax (~2.1% TX avg)−$1,013
Insurance (~0.5%)−$241
Est. Monthly Cash Flow $-1,635

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

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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 September 19, 2026.

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