Active Listing  ·  535 days on market

48 East Ave #2206

Austin, TX 78701
$549,999
1 Bed 1 Bath 742 sqft $741/sqft Built 2021 0.00 acres Pool Natiivo Austin

Nestled in the only downtown Austin building that permits short-term rentals, this spectacular 22nd-floor condo is ideal for both personal use and investment opportunity.

Boasting 10-foot ceilings and expansive floor-to-ceiling windows, the space is bathed in natural light while providing beautiful city views. The European-style kitchen showcases sleek modern cabinetry, stainless steel appliances, elegant floating shelves, and high-end fixtures. The bedroom features a luxurious king-size bed, creating an ideal sanctuary for rest. Step outside to a private balcony for a breath of fresh air. The gorgeous bathroom features a glass-enclosed shower, designer fixtures, and exquisite tiled walls in the wet area.

Experience resort-style living with access to the rooftop swimming pool, offering panoramic downtown views, shaded cabanas, outdoor lounge areas, a cozy rooftop fireplace, and a vibrant clubhouse. The state-of-the-art fitness center caters to all fitness levels, with dedicated spaces for yoga, an outdoor workout area, and top-tier equipment. Downstairs, enjoy the cafe bar and lounge area near the lobby, with a full-time concierge at your service.

Venture out to explore world-class dining, entertainment, and live music venues in the lively Rainey Street Historic District or unwind along the Lady Bird Lake Hike and Bike Trail, just steps away. Additional amenities include 24-hour valet parking, bike storage, co-working spaces, keyless entry, and much more.

At $741/sqft, this home is priced 90% 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 #2206, Austin, TX 78701

Property Details

Price $549,999
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 742 sqft
Lot Size 0.00 acres (60.98 sqft)
Year Built 2021
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Natiivo Austin
County Travis
Zip Code 78701
$/sqft $741/sqft
Days on Market ,
HOA $625.6/Monthly
Annual Tax Est. $15,056.51
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT179539287
List Date February 15, 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
610 Davis St #2110
The Modern Austin Residences
$550,350 $898 1 bd / 1 ba 613 sqft , 2026-05-15
1600 Barton Springs Rd #5103
Bartonplace Condo
$549,000 $551 2 bd / 2 ba 997 sqft , 2026-05-08
3403 King St
Gypsy Grove
$549,000 $607 2 bd / 1 ba 905 sqft , 2026-05-11
5102 Martin Ave #2
North Loop
$545,000 $582 2 bd / 2 ba 936 sqft , 2026-07-17
2323 S Lamar Blvd #202
Precision Add
$559,000 $754 1 bd / 1 ba 741 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
$2,640/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
$110,000
20% conventional investment loan

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

Estimated Gross Rent+$2,640
Principal + Interest−$3,002
Property Tax (~2.1% TX avg)−$962
Insurance (~0.5%)−$229
Est. Monthly Cash Flow $-1,553

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 →