Active Listing  ·  48 days on market

44 East Ave #2408

Austin, TX 78701
$595,000
2 Bed 2 Bath 793 sqft $750/sqft Built 2022 1-Car Garage Pool Waterfront 44 East Ave Condominiums

Experience the pinnacle of urban living at 44 East Ave in the vibrant Rainey Street District. This thoughtfully designed 2 bed, 2 bath residence features floor to ceiling glass and a spacious covered balcony showcasing soaring city and lake views. The well-appointed kitchen offers Italkraft cabinetry, built-in refrigerator and Bosch appliances, stone countertops and center island. The primary bedroom with en-suite bath has a large walk-in shower and walk-in closet. Additional features include solar shades with blackout shades in both bedrooms, hardwood + tile floors throughout and a reserved garage parking space. Extend your living spaces into over 13,000 sqft of the beautifully designed amenity spaces on levels 11 and 37 including a cenote pool, outdoor lounge with gas grills, outdoor dog park + wash station, fitness center and yoga studio, conference rooms, great room with TVs and catering kitchen, two guest suites, and 24/7 concierge. Take advantage of the fantastic location with easy access to the Lady Bird Lake hike & bike trail and a variety of dining and nightlife options just outside your doorstep.

At $750/sqft, this home is priced 92% 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 #2408, Austin, TX 78701

Property Details

Price $595,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 793 sqft
Lot Size ,
Year Built 2022
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision 44 East Ave Condominiums
County Travis
Zip Code 78701
$/sqft $750/sqft
Days on Market ,
HOA $669.36/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT232868850
List Date June 17, 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
222 West Ave #2804
Seaholm Residences Residential
$599,000 $868 1 bd / 1 ba 690 sqft , 2025-10-09
4914 Woodrow Ave
Ep Austin Properties Sub
$599,000 $627 3 bd / 1 ba 956 sqft , 2026-03-20
16809 Hurst Creek Cir
Mcdonald J
$599,000 $713 1 bd / 2 ba 840 sqft , 2026-07-08
304 W 42nd St
Hyde Park
$599,000 $608 1 bd / 1 ba 986 sqft , 2026-07-16
222 West Ave #1908
Seaholm Residences Residential
$600,000 $872 1 bd / 1 ba 688 sqft , 2026-03-27

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
$2,856/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
$119,000
20% conventional investment loan

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

Estimated Gross Rent+$2,856
Principal + Interest−$3,247
Property Tax (~2.1% TX avg)−$1,041
Insurance (~0.5%)−$248
Est. Monthly Cash Flow $-1,680

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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