Active Listing  ·  152 days on market

44 East Ave #4205

Austin, TX 78701
$1,625,000
3 Bed 3 Bath 1,594 sqft $1,019/sqft Built 2019 0.00 acres 2-Car Garage Pool 44 EAST

Welcome to the early-riser’s penthouse-in-the-sky (minus the penthouse price tag).

Perched at the water’s edge, this east-facing 3-bed, 3-bath residence at 44 East Avenue delivers 1,594 sq ft of professionally designed calm, clarity, and “I’ve got my life together” energy.

If you’re the kind of person who loves the glow of first light, hits the gym before the city wakes up, and likes to start the day already winning—this is your unit. Sunrise here isn’t just pretty, it’s productive.

Inside, every detail is dialed:

• Custom primary closet (because chaos is for other people)

• Lutron motorized shades (press a button, feel superior)

• Organized laundry room (yes, that matters)

• Two EV-charging parking spaces (future-proofed and flex-worthy)

• Professionally interior designed with furniture negotiable—move in, exhale

The layout works beautifully for a young family, and it’s equally perfect for the ultimate work-from-home setup where Zoom backgrounds quietly whisper “luxury buyer.”

Living on Rainey truly gives you the best of both worlds:

• 7 seconds to the trail for morning walks, runs, or stroller laps

• 30 seconds to Rainey Street for cocktails, concerts, and spontaneous “one drink” nights that turn into stories

At $1,019/sqft, this home is priced 161% 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 #4205, Austin, TX 78701

Property Details

Price $1,625,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 1,594 sqft
Lot Size 0.00 acres (130.68 sqft)
Year Built 2019
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision 44 EAST
County Travis
Zip Code 78701
$/sqft $1,019/sqft
Days on Market ,
HOA $1,348.92/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT218035520
List Date March 5, 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 →

Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · March 5, 2026 $1,650,000
Current ask $1,625,000
Reduced $25,000 (-1.5%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
3511 Wyldwood Rd
N/A
$1,645,000 $943 3 bd / 2 ba 1,744 sqft , 2025-07-16
70 Rainey St #2106
70 Rainey Residences
$1,600,000 $918 3 bd / 3 ba 1,743 sqft , 2026-07-17
222 West Ave #2802
Seaholm Residences Residential
$1,650,000 $1,155 2 bd / 2 ba 1,428 sqft , 2026-07-24
70 Rainey St #1306
70 Rainey Condominiums
$1,599,000 $917 3 bd / 3 ba 1,743 sqft , 2026-01-07
360 Nueces St #3702
Residential Condo Amd 360
$1,595,000 $775 4 bd / 3 ba 2,057 sqft , 2026-06-12

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
$7,800/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
$325,000
20% conventional investment loan

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

Estimated Gross Rent+$7,800
Principal + Interest−$8,868
Property Tax (~2.1% TX avg)−$2,844
Insurance (~0.5%)−$677
Est. Monthly Cash Flow $-4,589

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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