Active Listing  ·  534 days on market

48 East Ave #2703

Austin, TX 78701
$485,000
1 Bed 1 Bath 641 sqft $757/sqft Built 2021 0.00 acres 1-Car Garage Pool Natiivo

Priced to sell, great unit with a view, fully furnished and ready for short-term rentals. Great income potential. This condominium residence is boasting elegant hardwood flooring, a seamless glass shower, and expansive floor-to-ceiling windows that open onto a balcony with sweeping views of Downtown Austin. Nestled within the sought-after Rainey Street Historic District, it offers convenient access to an array of dining venues, vibrant bars, the serene Lady Bird Lake, and the scenic Ann and Roy Butler Hike & Bike Trail, all within walking distance. Additionally, it is just a few minutes away from downtown Austin. Included in the sale: one-car garage parking with 24-hour valet service, internet Wi-Fi, trash utilities, and high-end appliances such as a washer, dryer, refrigerator, TV, all furniture and silverware. Furthermore, residents enjoy a wealth of five-star amenities, including a 33rd-floor rooftop swimming pool and clubhouse, 10th-floor fitness facilities (comprising a fitness center, Peloton bike studios, outdoor workout area, and yoga studio), co-working spaces, a lobby coffee bar, outdoor terrace and garden with a rooftop fireplace, 24-hour valet parking, bike storage, a dedicated dog run, and a pet washing station. With a walk score of 84 and a transit score of 60, this condominium offers both convenience and luxury living.

At $757/sqft, this home is priced 94% 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 #2703, Austin, TX 78701

Property Details

Price $485,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 641 sqft
Lot Size 0.00 acres (52.27 sqft)
Year Built 2021
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Natiivo
County Travis
Zip Code 78701
$/sqft $757/sqft
Days on Market ,
HOA $487/Bi-Monthly
Annual Tax Est. $13,012.43
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT191592572
List Date March 7, 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.

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · March 7, 2025 $630,000
Previous ask $490,000
Current ask $485,000
Reduced $145,000 (-23.0%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
222 West Ave #2809
Seaholm Residences Residential
$485,000 $708 1 bd / 1 ba 685 sqft , 2026-05-07
48 East Ave #2005
48 East Condominiums
$489,999 $694 1 bd / 1 ba 706 sqft , 2026-05-11
360 Nueces St #3910
Residential Condo Amd 360
$490,000 $636 1 bd / 1 ba 770 sqft , 2026-06-13
81 WALLER St
CANTERBURY SQUARE
$490,000 $633 2 bd / 1 ba 774 sqft , 2026-06-15
360 Nueces St #3608
Residential Condo Amd 360
$479,000 $654 1 bd / 1 ba 732 sqft , 2025-09-04

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
$2,328/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
$97,000
20% conventional investment loan

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

Estimated Gross Rent+$2,328
Principal + Interest−$2,647
Property Tax (~2.1% TX avg)−$849
Insurance (~0.5%)−$202
Est. Monthly Cash Flow $-1,370

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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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 August 22, 2026.

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