About This Home

Discover elevated urban living at 48 East Ave #1210, a sophisticated condominium located in the heart of downtown Austin. Completed in 2021, this elegant single-story residence showcases modern design and effortless livability. Two reserved garage parking spaces provide rare convenience in the city, while the streamlined floor plan offers comfort and accessibility throughout. Ideally positioned near Austin’s finest dining, entertainment, and waterfront amenities, this home presents a premier opportunity to own a contemporary residence in one of the city’s most desirable locations. Experience the best of downtown Austin living—schedule your private tour today. Agent/Owner

At $551/sqft, this home is priced 41% 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

48 East Ave #1210, Austin, TX 78701

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Property Details

Price $700,000

Status Active Listing

Beds 2

Full Baths 2

Half Baths ,

Living Area 1,270 sqft

Lot Size 0.00 acres (104.54 sqft)

Year Built 2021

Garage 2 spaces

Stories ,

Type Residential · Condominium

Subdivision 48 East Condos

County Travis

Zip Code 78701

$/sqft $551/sqft

Days on Market ,

HOA $1,117.71/Monthly

Annual Tax Est. $19,520.31

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT215735109

List Date January 8, 2026

Elementary School Mathews

Middle School O Henry

High School Austin

School District ,

Have Questions About This Property?

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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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 · January 8, 2026 $799,000

Previous ask $725,000

Current ask $700,000

▼ Reduced $99,000 (-12.4%) 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

4416 Berkman Dr #B
Mueller House Condo Ame $700,000 $431 3 bd / 2 ba 1,625 sqft , 2026-04-30

2510 Little John Ln
Sherwood Oaks Sec 03 $699,999 $503 3 bd / 2 ba 1,393 sqft , 2026-04-10

1011 Brodie St #8
BOULDIN CREEK COTTAGES AMEND $699,950 $460 3 bd / 3 ba 1,521 sqft , 2026-06-25

1110 W Oltorf St
Southwood Sec 01 $699,900 $529 3 bd / 1 ba 1,323 sqft , 2026-03-05

3204 Lyons Rd #1
Delzell Sec 02 $699,000 $474 3 bd / 3 ba 1,476 sqft , 2026-04-21

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

$3,360/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

$140,000

20% conventional investment loan

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

Estimated Gross Rent+$3,360

Principal + Interest−$3,820

Property Tax (~2.1% TX avg)−$1,225

Insurance (~0.5%)−$292

Est. Monthly Cash Flow $-1,977

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

48 East Ave #1210