Active Listing  ·  487 days on market

48 East Ave #1705

Austin, TX 78701
$520,000
1 Bed 1 Bath 749 sqft $694/sqft Built 2022 0.00 acres Pool NATIIVO Zoppp Add

Located in the heart of downtown Austin, #1705 offers unmatched access to the city’s most exciting destinations—just steps from Rainey Street, the Lady Bird Lake Hike & Bike Trail, and a variety of renowned dining and entertainment options.

This property is short-term rental friendly and easy to lease, making it an ideal choice for both investors and those seeking a flexible city lifestyle.

Residents enjoy an array of resort-style amenities, including a rooftop pool with cabanas, a fully equipped fitness center with three Peloton bikes, 24-hour concierge service, valet parking, and exclusive owner privileges. Additional features include a co-working lounge, a rooftop club room with a full kitchen, a stylish coffee shop/bar in the lobby, and a dedicated 10th-floor dog park complete with a private dog wash station.

Whether you're looking for a vibrant place to live or a turn-key income property, #1705 delivers luxury, convenience, and the best of Austin right at your doorstep.

At $694/sqft, this home is priced 77% 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 #1705, Austin, TX 78701

Property Details

Price $520,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 749 sqft
Lot Size 0.00 acres (60.98 sqft)
Year Built 2022
Garage ,
Stories ,
Type Residential · Condominium
Subdivision NATIIVO Zoppp Add
County Travis
Zip Code 78701
$/sqft $694/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT194145162
List Date April 4, 2025
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
48 East Ave #3005
Natiivo
$519,900 $736 1 bd / 1 ba 706 sqft , 2026-02-16
81 WALLER St
CANTERBURY SQUARE
$519,000 $671 2 bd / 1 ba 774 sqft , 2026-06-15
360 Nueces St #2101
Residential Condo Amd 360
$519,000 $648 1 bd / 1 ba 801 sqft , 2026-07-22
2403 S 2nd St
Bouldin
$517,500 $924 2 bd / 1 ba 560 sqft , 2026-04-17
2209 S 1st St #113
One Oak Condominiums
$524,500 $640 1 bd / 1 ba 819 sqft , 2026-01-08

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
$2,496/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
$104,000
20% conventional investment loan

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

Estimated Gross Rent+$2,496
Principal + Interest−$2,838
Property Tax (~2.1% TX avg)−$910
Insurance (~0.5%)−$217
Est. Monthly Cash Flow $-1,469

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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