Active Listing  ·  10 days on market

44 East Ave #3305

Austin, TX 78701
$625,000
2 Bed 2 Bath 796 sqft $785/sqft Built 2019 0.00 acres 1-Car Garage Pool Waterfront 44 East Ave Condos

Experience luxury downtown living in this beautifully designed 2-bedroom, 2-bathroom condo at 44 East Ave, featuring breathtaking southeastern views of Lady Bird Lake. The highly efficient, open-concept floor plan maximizes every square foot, complemented by floor-to-ceiling windows, blackout and privacy shades, custom closets, hardwood and tile flooring, quartz countertops, sleek Italian cabinetry with soft-close drawers, and built-in Bosch appliances. Enjoy stunning sunrises from your spacious, private covered balcony, along with the convenience of your assigned parking space on the 5th floor.

Designed by renowned architect Michael Hsu, the building's more than 13,000 square feet of resort-style amenities include a 24-hour concierge, fitness center and studio, swimming pool, outdoor grilling areas, multiple resident lounges, conference rooms, dog park, game room, and guest suites.

Ideally situated on the quieter end of Rainey Street, 44 East Ave offers the perfect balance of tranquility and vibrant city living. Just steps from the Lady Bird Lake hike-and-bike trail and Waller Beach Park, and within walking distance of downtown's popular restaurants, coffee shops, and nightlife, this residence delivers the best of Austin right outside your door.

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 #3305, Austin, TX 78701

Property Details

Price $625,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 796 sqft
Lot Size 0.00 acres (60.98 sqft)
Year Built 2019
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision 44 East Ave Condos
County Travis
Zip Code 78701
$/sqft $785/sqft
Days on Market ,
HOA $672/Monthly
Annual Tax Est. $8,862
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT249710969
List Date October 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.

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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
301 West Ave #2003
The Independent
$625,000 $897 1 bd / 1 ba 697 sqft , 2026-04-15
610 Davis St #1909
Modern Austin
$625,000 $947 1 bd / 1 ba 660 sqft , 2026-09-10
44 East Ave #1509
44 East Ave Condominiums
$624,950 $785 2 bd / 2 ba 796 sqft , 2026-04-08
2008 Riverview St #B
Riverview Condo 2008
$629,990 $602 2 bd / 2 ba 1,047 sqft , 2026-09-02
610 Davis St #3408
Modern Austin
$617,500 $968 1 bd / 1 ba 638 sqft , 2026-10-15

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
$125,000
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 October 15, 2026.

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