Active Listing  ·  153 days on market

48 East Ave #1308

Austin, TX 78701
$562,000
1 Bed 1 Bath 803 sqft $700/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 $700/sqft, this home is priced 79% above the Austin active market average of $390/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 $562,000
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 $700/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 Austin ISD

Austin ISD

Mathews · O Henry · Austin

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 · June 12, 2026 $600,000
Previous ask $580,000
Current ask $562,000
▼ Reduced $38,000 (-6.3%) 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
222 West Ave #1412
Seaholm Residences Residential
$565,000 $688 1 bd / 1 ba 821 sqft , 2026-06-01
610 Davis St #3001
The Modern Austin Residences
$565,000 $920 1 bd / 1 ba 614 sqft , 2026-06-09
84 East Ave #3808
VESPER Zopp Add
$550,000 $825 1 bd / 1 ba 667 sqft , 2026-08-04
84 East Ave #1902
VESPER Zoppp Add
$550,000 $789 1 bd / 1 ba 697 sqft , 2026-09-16
222 West Ave #1005
Seaholm Residences Residential
$550,000 $803 1 bd / 1 ba 685 sqft , 2026-10-12

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
$2,698/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
$112,400
20% conventional investment loan

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

Estimated Gross Rent+$2,698
Principal + Interest−$3,067
Property Tax (assumed ~2.1%)−$984
Insurance (assumed ~0.5%)−$234
Est. Monthly Cash Flow $-1,587

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 · 41 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. The written content was last updated on November 4, 2026.

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

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