Active Listing  ·  23 days on market

48 East Ave #2911

Austin, TX 78701
$949,000
2 Bed 2 Bath 1,036 sqft $916/sqft Built 2021 0.00 acres 1-Car Garage Pool Natiivo

*Free 1 point rate buy down - low 6% interest rate - details attached to MLS* Set against the vibrant backdrop of Austin’s famed Rainey Street Historic District, this modern high-rise sanctuary at Natiivo Austin seamlessly blends urban excitement with waterfront tranquility. Perfect for savvy investors or discerning owner-occupants, this unit is currently operating as a high-performing short-term rental—offering flexible utility to maintain an income-generating asset, secure a long-term tenant, or move right into a turnkey primary residence. Inside, the open single-story layout is anchored by soaring 10-foot exposed concrete ceilings and warm wood flooring. A sweeping wall of floor-to-ceiling glass floods the living space with natural light while framing panoramic, uninterrupted views of Lady Bird Lake and the Austin skyline. Step out onto the private balcony to take in the water vistas and fresh air. The gourmet kitchen boasts sleek quartz countertops, a stone terrazzo tile backsplash, open shelving, integrated dark European-style cabinetry, and high-end stainless steel appliances including a flush cooktop.

Both bedrooms offer relaxed proportions, headlined by a impressive primary suite complete with a walk-in closet. The primary bath exudes spa-like elegance, showcasing dark terrazzo accent walls, vessel sinks, smooth wood-framed mirrors, matte black fixtures, and a glass walk-in shower. Natiivo provides a resort-style lifestyle right outside your door. Take the elevator straight down to step onto the Ann and Roy Butler Hike-and-Bike Trail within minutes, or stroll over to Rainey Street’s premier cocktail lounges and eateries. Premium building amenities elevate daily living, featuring a rooftop swimming pool deck complete with private cabanas, a state-of-the-art fitness center with dedicated Peloton studios, and 24-hour valet service. For more info, go to: https://wkf.ms/3VcpKi5

At $916/sqft, this home is priced 134% 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 $949,000
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 Natiivo
County Travis
Zip Code 78701
$/sqft $916/sqft
Days on Market ,
HOA $898.22/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT248267828
List Date September 30, 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
610 Davis St #2208
The Modern Austin Residences
$945,000 $805 2 bd / 2 ba 1,174 sqft , 2026-09-08
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
1711 E 7th St
Morse & Smith Resub
$995,000 $929 2 bd / 1 ba 1,071 sqft , 2026-10-07

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
$4,555/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
$189,800
20% conventional investment loan

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

Estimated Gross Rent+$4,555
Principal + Interest−$5,179
Property Tax (~2.1% TX avg)−$1,661
Insurance (~0.5%)−$395
Est. Monthly Cash Flow $-2,680

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 October 16, 2026.

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