Active Listing  ·  147 days on market

48 East Ave #1707

Austin, TX 78701
$495,000
1 Bed 1 Bath 699 sqft $708/sqft Built 2021 0.00 acres 1-Car Garage Pool Waterfront Zoppp Add

Income-producing, fully furnished, and already dialed in for short-term rental success in downtown Austin’s only STR-approved high-rise.

An added advantage here: the neighboring unit 1706 next door is also available, creating a unique opportunity to expand, streamline management, or explore a larger combined layout for increased flexibility and long-term upside.

This 17th-floor residence is currently operating as an active Airbnb with strong guest history and a management structure that can transfer to the next owner. It’s a true plug-and-play setup with immediate earning potential from day one.

The interior leans modern and efficient, with floor-to-ceiling windows, an open-concept layout, and a sleek kitchen outfitted with European-style cabinetry and premium appliances. The furnishings and finishes are intentionally selected to perform well for both guests and owners.

At Natiivo, ownership comes with a hospitality-driven experience including a rooftop pool with cabanas, fitness center with yoga and Peloton studios, co-working lounges, café and bar, plus 24-hour concierge and valet service.

Set just off Rainey Street and moments from Lady Bird Lake, the location continues to drive strong rental demand with walkable access to Austin’s top dining, nightlife, and outdoor spaces.

At $708/sqft, this home is priced 81% 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 #1707, Austin, TX 78701

Property Details

Price $495,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 699 sqft
Lot Size 0.00 acres (56.63 sqft)
Year Built 2021
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Zoppp Add
County Travis
Zip Code 78701
$/sqft $708/sqft
Days on Market ,
HOA $514/Monthly
Annual Tax Est. $9,598.18
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT224241207
List Date March 29, 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
48 E East Ave #1706
Natiivo Austin, Zoppp Add
$495,000 $667 1 bd / 1 ba 742 sqft , 2026-03-28
44 East Ave #1706
44 East Ave Condos
$495,000 $920 1 bd / 1 ba 538 sqft , 2026-07-07
48 East Ave #1104
Natiivo Austin
$499,000 $559 1 bd / 1 ba 893 sqft , 2026-03-06
222 West Ave #2207
Seaholm Residences Residential
$499,000 $728 1 bd / 1 ba 685 sqft , 2026-04-24
222 West Ave #2507
Seaholm Residences Residential
$499,000 $728 1 bd / 1 ba 685 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
$2,376/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
$99,000
20% conventional investment loan

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

Estimated Gross Rent+$2,376
Principal + Interest−$2,701
Property Tax (~2.1% TX avg)−$866
Insurance (~0.5%)−$206
Est. Monthly Cash Flow $-1,397

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 →
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 · 30 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. This page was last updated on April 1, 2026.

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