Active Listing  ·  200 days on market

44 East Ave #1503

Austin, TX 78701
$580,000
1 Bed 1 Bath 618 sqft $939/sqft Built 2022 0.01 acres 1-Car Garage Pool Waterfront 44 East Avenue Condominiums

One of the only 1-bed units with true downtown views and Lady Bird Lake at this price point! Luxury lakeside living situated in the quiet residential part of the sizzling Rainey ST District neighborhood with stunning Lady Bird Lake and downtown skyline views. Walk to Austin's best restaurants and live music. Condo features floor-to-ceiling windows, hardwoods throughout, gorgeous white Italkraft cabinetry, quartz countertops, a gas stove and a giant covered balcony. Amazing amenities designed by Michael Hsu, including a gorgeous lobby with a complimentary coffee machine, a cenote pool, an outdoor lounge with gas grills, a dog lounge, a fitness center, a yoga studio, conference rooms, a great room with TVs, a caterer’s kitchen, a family room with games and 2 guest suites. 44 East Ave is a wonderful community with a vibrant social calendar that makes it easy to make friends with all your awesome neighbors and it's also amazing for dog owners. The dog lounge is great and Trailhead Park is right outside the building! Steps to hike/bike trail, entertainment, live music, parks, coffee, Whole Foods and Target. Excellent access to I35, 71,183, UT, UT Med Center, HEBs, Oracle, and Austin Bergstrom.

At $939/sqft, this home is priced 140% above the Austin active market average of $391/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 $580,000
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 $939/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.

Schedule a Call →

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
1102 N Cuernavaca Dr
Austin Lake Hills Sec 03
$575,000 $831 1 bd / 1 ba 692 sqft , 2026-07-06
48 East Ave #1308
48 East Condos
$585,000 $729 1 bd / 1 ba 803 sqft , 2026-06-12
1122 Colorado St #1902
Westgate Condo Amd
$585,000 $716 1 bd / 1 ba 817 sqft , 2026-07-18
44 East Ave #1609
UNT 1609 44 EAST AVE CONDOMINIUMS PLUS .2172 % INT
$589,000 $745 2 bd / 2 ba 791 sqft , 2026-05-13
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
$2,784/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
$116,000
20% conventional investment loan

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

Estimated Gross Rent+$2,784
Principal + Interest−$3,165
Property Tax (~2.1% TX avg)−$1,015
Insurance (~0.5%)−$242
Est. Monthly Cash Flow $-1,638

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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