Active Listing  ·  53 days on market

48 East Ave #1308

Austin, TX 78701
$585,000
1 Bed 1 Bath 803 sqft $729/sqft Built 2021 0.00 acres 1-Car Garage Pool 48 East Condos

Experience the best of downtown Austin from this southeast-facing residence at Natiivo Austin, ideally positioned in the heart of the Historic Rainey Street District. Floor-to-ceiling windows frame views of Lady Bird Lake, while a private balcony extends the living space outdoors. Built in 2021, this luxury tower places residents steps from the hike-&-bike trail, acclaimed dining destinations such as Emmer & Rye, popular neighborhood favorites including Half Step & Lucille, & offers convenient access to downtown, I-35, & Austin-Bergstrom International Airport. Residents enjoy an exceptional collection of amenities including a rooftop pool overlooking the skyline & lake, fitness center, yoga studio, clubhouse, concierge service, housekeeping, outdoor terraces, & more. Natiivo’s innovative hospitality model also provides the rare flexibility to enjoy the residence personally while offering the opportunity for short-term rental income through a professionally managed luxury program.

At $729/sqft, this home is priced 86% 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 #1308, Austin, TX 78701

Property Details

Price $585,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 803 sqft
Lot Size 0.00 acres (65.34 sqft)
Year Built 2021
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision 48 East Condos
County Travis
Zip Code 78701
$/sqft $729/sqft
Days on Market ,
HOA $603/Monthly
Annual Tax Est. $13,320
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232208344
List Date June 12, 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
1122 Colorado St #1902
Westgate Condo Amd
$585,000 $716 1 bd / 1 ba 817 sqft , 2026-07-18
44 East Ave #1609
UNT 1609 44 EAST AVE CONDOMINIUMS PLUS .2172 % INT
$589,000 $745 2 bd / 2 ba 791 sqft , 2026-05-13
44 East Ave #1503
44 East Avenue Condominiums
$580,000 $939 1 bd / 1 ba 618 sqft , 2026-01-16
2703 E 3rd St #2
Anthony W B
$577,000 $533 2 bd / 3 ba 1,083 sqft , 2025-09-05
105 Elkhart St #3
ELKHART CONDOMINIUMS
$575,000 $596 2 bd / 3 ba 964 sqft , 2026-05-08

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
$2,808/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
$117,000
20% conventional investment loan

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

Estimated Gross Rent+$2,808
Principal + Interest−$3,193
Property Tax (~2.1% TX avg)−$1,024
Insurance (~0.5%)−$244
Est. Monthly Cash Flow $-1,653

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →