Active Listing  ·  137 days on market

44 East Ave #1509

Austin, TX 78701
$624,950
2 Bed 2 Bath 796 sqft $785/sqft Built 2022 0.00 acres 1-Car Garage Pool Waterfront 44 East Ave Condominiums

This beautiful East-facing 2BR/2BA B1 residence offers abundant natural light and stunning, unobstructed sunrise views of Lady Bird Lake and East Austin through floor-to-ceiling windows. This desirable floor plan features an open-concept layout designed for modern urban living, with hardwood flooring, white quartz countertops, custom Italian cabinetry, and premium Bosch appliances including a gas cooktop and sleek kitchen island.

The spacious primary suite includes a dual vanity, walk-in shower, and a large walk-in closet. Enjoy seamless indoor-outdoor living with a covered balcony accessible from the main living area.

Residents of 44 East Ave enjoy access to luxury amenities including a 24-hour concierge, state-of-the-art fitness center, resort-style pool with grilling areas, rooftop lounge, and a pet-friendly park with spa. Ideally located just steps from the Lady Bird Lake Hike and Bike Trail and the vibrant Rainey Street District, this home offers the perfect blend of comfort, style, and convenience.

+++ ** Showings Starting week of April 10th, Supra will be available, Tenant until end of August-

At $785/sqft, this home is priced 101% 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 #1509, Austin, TX 78701

Property Details

Price $624,950
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 796 sqft
Lot Size 0.00 acres (60.98 sqft)
Year Built 2022
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision 44 East Ave Condominiums
County Travis
Zip Code 78701
$/sqft $785/sqft
Days on Market ,
HOA $574/Monthly
Annual Tax Est. $12,537.61
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT224817705
List Date April 8, 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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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
1507 1/2 Holly St
Free & Williams
$625,000 $651 3 bd / 1 ba 960 sqft , 2026-03-11
301 West Ave #2003
The Independent
$625,000 $897 1 bd / 1 ba 697 sqft , 2026-04-15
1710 Holly St
Popes Resub
$625,000 $911 1 bd / 1 ba 686 sqft , 2026-05-14
44 East Ave #2108
44 East Ave Condos
$635,000 $801 2 bd / 2 ba 793 sqft , 2026-07-05
84 East Ave #3907
Vesper Condominium Community, Inc
$609,000 $838 1 bd / 1 ba 727 sqft , 2026-08-09

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
$3,000/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
$124,990
20% conventional investment loan

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

Estimated Gross Rent+$3,000
Principal + Interest−$3,411
Property Tax (~2.1% TX avg)−$1,094
Insurance (~0.5%)−$260
Est. Monthly Cash Flow $-1,765

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 April 26, 2026.

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