Active Listing  ·  148 days on market

48 East Ave #1711

Austin, TX 78701
$799,999
2 Bed 2 Bath 1,036 sqft $772/sqft Built 2021 0.00 acres 2-Car Garage Pool 48 East Condos

Elevate your urban lifestyle to new heights in this exceptional **fully furnished** 2-bedroom, 1.5-bath residence on the desirable 17th floor of Natiivo Austin, the premier luxury condo tower in the heart of the historic Rainey Street District. Fully approved for short-term rentals (STR), this turnkey gem comes ready to generate income or enjoy immediately—offering unparalleled flexibility for savvy investors seeking strong, hassle-free returns or discerning buyers craving sophisticated downtown living.

Spanning generously over 1,000 square feet with an open, flowing layout optimized for modern living, the home boasts expansive floor-to-ceiling windows that flood the space with abundant natural light and frame captivating panoramic views of downtown Austin's dynamic skyline and Lady Bird Lake.

Inside, impeccable modern finishes await: sleek quartz countertops, premium stainless-steel appliances, high-end cabinetry, and thoughtful details curated to reflect Austin's vibrant energy. The open-concept living and dining area seamlessly connects to a well-equipped kitchen, ideal for effortless entertaining or relaxed nights in. Two generously sized bedrooms provide versatile options—one as a serene primary suite, the other perfect for guests, a home office, or flex space—while the convenient half bath enhances guest flow and everyday functionality. All furnishings are included, making this a true plug-and-play opportunity.

The rental process is exceptionally hands-off and easy: multiple established property management companies already handle other units in the building, specializing in short-term rentals. They manage everything from bookings and guest communication to cleaning, maintenance, and revenue optimization—allowing you to enjoy passive income potential without the day-to-day involvement. Don't miss this rare opportunity to own a piece of downtown Austin's future.

At $772/sqft, this home is priced 97% 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 #1711, Austin, TX 78701

Property Details

Price $799,999
Status Active Listing
Beds 2
Full Baths 1
Half Baths 1
Living Area 1,036 sqft
Lot Size 0.00 acres (87.12 sqft)
Year Built 2021
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision 48 East Condos
County Travis
Zip Code 78701
$/sqft $772/sqft
Days on Market ,
HOA $795/Monthly
Annual Tax Est. $20,399.89
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT221880184
List Date March 9, 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
4907 Harmon Ave
Ridgetop
$799,999 $758 3 bd / 1 ba 1,055 sqft , 2024-07-02
3205 Menchaca Rd
Foster A R
$799,999 $627 2 bd / 2 ba 1,276 sqft , 2026-01-22
1806 Fortview Rd
Low Theodore Heights
$799,999 $580 3 bd / 2 ba 1,380 sqft , 2026-07-06
3501 Pecan Springs Rd
Marlo Heights Sec 01
$799,000 $669 2 bd / 1 ba 1,194 sqft , 2025-09-10
2612 Little John Ln
Sherwood Oaks Sec 03
$799,000 $603 3 bd / 2 ba 1,326 sqft , 2026-03-10

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
$3,840/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
$160,000
20% conventional investment loan

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

Estimated Gross Rent+$3,840
Principal + Interest−$4,366
Property Tax (~2.1% TX avg)−$1,400
Insurance (~0.5%)−$333
Est. Monthly Cash Flow $-2,259

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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