Active Listing  ·  263 days on market

48 East Ave #2311

Austin, TX 78701
$930,000
2 Bed 2 Bath 1,036 sqft $898/sqft Built 2021 0.00 acres 1-Car Garage Pool Zoppp Add

Experience elevated urban living at its finest in this stunning 2-bedroom, 1.5-bath residence perched on the 23rd floor of Natiivo Austin, a premier luxury condo tower in the vibrant Rainey Street District. Fully approved for short-term rentals (STR), this home presents a rare opportunity for investors and lifestyle buyers alike. Spanning over 1,000 square feet, the open-concept layout features floor-to-ceiling windows that fill the living and dining spaces with natural light and showcase breathtaking downtown Austin views. Step out onto your private balcony to enjoy morning coffee or sunset cocktails overlooking the skyline.

Inside, discover sleek, modern finishes, stainless-steel appliances, and two well-appointed bedrooms offering flexibility for guests or remote work. The half bath adds convenient functionality for entertaining.

As a resident, you’ll enjoy access to Natiivo’s unmatched amenities — a rooftop pool deck and outdoor lounge with fireplace, clubhouse on the 33rd floor, fitness center, Peloton studio, yoga space, lobby coffee bar, dog park, pet washing station, and bike storage.

Located just steps from Lady Bird Lake and the Ann & Roy Butler Hike & Bike Trail, this condo places you within walking distance of Rainey Street’s top dining, nightlife, and cultural destinations. With its unbeatable location, STR approval, and world-class amenities, 48 East Ave #2311 delivers both luxury living and exceptional income potential in the heart of downtown Austin.

At $898/sqft, this home is priced 130% 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 #2311, Austin, TX 78701

Property Details

Price $930,000
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 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Zoppp Add
County Travis
Zip Code 78701
$/sqft $898/sqft
Days on Market ,
HOA $795/Monthly
Annual Tax Est. $19,500.42
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT209775916
List Date November 14, 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 #2211
Natiivo
$930,000 $898 2 bd / 2 ba 1,036 sqft , 2026-05-15
1600 S 1st St #403
Willa Community
$925,000 $802 2 bd / 2 ba 1,153 sqft , 2026-02-02
1900 Barton Springs Rd #2026
Zilkr/Pk Condos
$925,000 $714 2 bd / 2 ba 1,296 sqft , 2026-04-22
301 West Ave #3208
N/A
$924,900 $925 1 bd / 1 ba 1,000 sqft , 2026-05-27
48 East Ave #2911
Natiivo
$949,900 $917 2 bd / 2 ba 1,036 sqft , 2026-05-07

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
$4,464/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
$186,000
20% conventional investment loan

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

Estimated Gross Rent+$4,464
Principal + Interest−$5,075
Property Tax (~2.1% TX avg)−$1,628
Insurance (~0.5%)−$388
Est. Monthly Cash Flow $-2,627

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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