Active Listing  ·  89 days on market

48 East Ave #2911

Austin, TX 78701
$949,900
2 Bed 2 Bath 1,036 sqft $917/sqft Built 2021 0.00 acres 1-Car Garage Pool Natiivo

The Rainey Street Historic District is the backdrop for this 2-bedroom, 1.5-bathroom condo at Natiivo Austin, a high-rise built for people who want the lake trails and the city’s best social scene right downstairs. This isn't your standard apartment; it’s a single-story layout that maximizes every inch of its footprint. The interior hits different because of the scale. You have 10-foot ceilings and a massive wall of glass that makes the living room feel twice its size. These floor-to-ceiling windows don’t just bring in light; they frame a permanent view of Lady Bird Lake and the evolving Austin skyline. The kitchen is sleek and beautiful with quartz countertops and European-style cabinetry, designed to be open to the rest of the home so you can see the water while you’re making coffee or hosting friends. Because the unit comes fully furnished with curated, high-end pieces, the vibe is ready-made and intentional from day one. Both bedrooms are generous, but the primary suite is the real win, featuring a walk-in closet and a bathroom finished with matte black hardware and a walk-in shower. Living here puts you in the most walkable pocket of the Rainey Street area. You can take the elevator down and be on the hike-and-bike trail in three minutes or at a world-class cocktail bar in two. The building itself is packed with thoughtful amenities, like a rooftop pool deck with private cabanas, a fitness center with Peloton studios, and 24-hour valet. It’s also incredibly easy to get anywhere in town with I-35 right around the corner and the Austin-Bergstrom International Airport isa straight shot down the highway. This condo offers a specific kind of Austin flexibility that’s hard to find elsewhere, combining a high-end residential feel with the pure convenience of the Rainey Street lifestyle.

At $917/sqft, this home is priced 135% 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 #2911, Austin, TX 78701

Property Details

Price $949,900
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 Natiivo
County Travis
Zip Code 78701
$/sqft $917/sqft
Days on Market ,
HOA $1,157/Monthly
Annual Tax Est. $15,228.39
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229080790
List Date May 7, 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.

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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 #2611
Natiivo
$950,000 $917 2 bd / 2 ba 1,036 sqft , 2026-05-19
2323 S Lamar Blvd #206
Precision Add
$959,000 $732 2 bd / 2 ba 1,310 sqft , 2026-05-08
84 East Ave #3106
Rainey District
$969,000 $792 2 bd / 2 ba 1,224 sqft , 2026-07-30
48 East Ave #2311
Zoppp Add
$930,000 $898 2 bd / 2 ba 1,036 sqft , 2025-11-14
48 East Ave #2211
Natiivo
$930,000 $898 2 bd / 2 ba 1,036 sqft , 2026-05-15

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
$4,560/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
$189,980
20% conventional investment loan

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

Estimated Gross Rent+$4,560
Principal + Interest−$5,184
Property Tax (~2.1% TX avg)−$1,662
Insurance (~0.5%)−$396
Est. Monthly Cash Flow $-2,682

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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