Active Listing  ·  83 days on market

44 East Ave #1609

Austin, TX 78701
$589,000
2 Bed 2 Bath 791 sqft $745/sqft Built 2019 0.00 acres 1-Car Garage Pool UNT 1609 44 EAST AVE CONDOMINIUMS PLUS .2172 % INT

Opportunity at this price point at 44 East! Step into one of downtown Austin’s finest towers—known for its elevated resident experience, vibrant community, and unmatched amenity offerings. Expansive southeastern views of Lady Bird Lake from every room at the quieter edge of the Rainey District and steps from the trailhead, waterfront parks, and some of Austin’s best dining and nightlife.

This bright residence features floor-to-ceiling windows, generously sized rooms, and a clean, open layout. The kitchen is notably spacious, complete with Bosch appliances, Italian cabinetry, quartz countertops, and gas cooking. Refined finishes carry throughout, while an oversized covered balcony extends your living space with sweeping lake views.

Over 13,000 sq ft of resort-style amenities—designed by Michael Hsu—create a true lifestyle experience. Combined with a highly social resident atmosphere, this is downtown Austin living!

Modern kitchen • Upgraded hardwood floors • 24-hour concierge • Sky Lounge - indoor/outdoor event space • Cenote-style pool • Fitness center + Yoga studio • Co-working spaces • Dog spa.

At $745/sqft, this home is priced 91% 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 #1609, Austin, TX 78701

Property Details

Price $589,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 791 sqft
Lot Size 0.00 acres (60.98 sqft)
Year Built 2019
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision UNT 1609 44 EAST AVE CONDOMINIUMS PLUS .2172 % INT
County Travis
Zip Code 78701
$/sqft $745/sqft
Days on Market ,
HOA $669/Monthly
Annual Tax Est. $12,537.61
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229400893
List Date May 13, 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
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 #2408
44 East Ave Condominiums
$595,000 $750 2 bd / 2 ba 793 sqft , 2026-06-17
44 East Ave #1503
44 East Avenue Condominiums
$580,000 $939 1 bd / 1 ba 618 sqft , 2026-01-16
222 West Ave #2804
Seaholm Residences Residential
$599,000 $868 1 bd / 1 ba 690 sqft , 2025-10-09

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
$2,827/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
$117,800
20% conventional investment loan

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

Estimated Gross Rent+$2,827
Principal + Interest−$3,214
Property Tax (~2.1% TX avg)−$1,031
Insurance (~0.5%)−$245
Est. Monthly Cash Flow $-1,663

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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