Active Listing  ·  169 days on market

48 East Ave #3005

Austin, TX 78701
$519,900
1 Bed 1 Bath 706 sqft $736/sqft Built 2021 0.00 acres 1-Car Garage Pool Natiivo

30th-floor, east-facing condo in the heart of downtown Austin’s Rainey Street District — fully licensed and operating as a successful short-term rental. An ideal lock-and-leave second home with the flexibility to generate income when you're away.

In 2025, the unit achieved 291 nights booked (approximately 80% occupancy), demonstrating strong, consistent demand in one of Austin’s most vibrant neighborhoods.

Expansive windows frame stunning sunrise views of the city skyline and Lady Bird Lake, filling the open-concept layout with natural light. High ceilings, recessed lighting, crisp white walls, and warm luxury vinyl plank flooring create a clean, modern aesthetic.

The kitchen features stainless steel appliances, open shelving, and generous cabinet storage. The spacious primary suite captures panoramic city and lake views and includes a spa-inspired ensuite bath with dual vanities and an oversized walk-in shower. Ample closets and storage enhance everyday comfort and functionality.

Residents enjoy resort-style amenities including a rooftop pool with skyline views, state-of-the-art fitness center, game room, dog park, and lobby coffee shop. Valet parking is complimentary for owners with a parking pass, adding convenience and ease for both personal use and guests.

Walk to Rainey Street’s top restaurants, live music, and nightlife, plus direct access to Lady Bird Lake hike-and-bike trails and kayak rentals. Minutes to UT, the Capitol, metro rail, and Austin-Bergstrom International Airport.

Experience elevated downtown living with flexibility, convenience, and iconic Austin energy right outside your door.

At $736/sqft, this home is priced 88% 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 #3005, Austin, TX 78701

Property Details

Price $519,900
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 706 sqft
Lot Size 0.00 acres (60.98 sqft)
Year Built 2021
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Natiivo
County Travis
Zip Code 78701
$/sqft $736/sqft
Days on Market ,
HOA $605/Monthly
Annual Tax Est. $9,350.08
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT219083468
List Date February 16, 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.

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 #1705
NATIIVO Zoppp Add
$520,000 $694 1 bd / 1 ba 749 sqft , 2025-04-04
81 WALLER St
CANTERBURY SQUARE
$519,000 $671 2 bd / 1 ba 774 sqft , 2026-06-15
360 Nueces St #2101
Residential Condo Amd 360
$519,000 $648 1 bd / 1 ba 801 sqft , 2026-07-22
2403 S 2nd St
Bouldin
$517,500 $924 2 bd / 1 ba 560 sqft , 2026-04-17
2209 S 1st St #113
One Oak Condominiums
$524,500 $640 1 bd / 1 ba 819 sqft , 2026-01-08

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
$2,496/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
$103,980
20% conventional investment loan

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

Estimated Gross Rent+$2,496
Principal + Interest−$2,837
Property Tax (~2.1% TX avg)−$910
Insurance (~0.5%)−$217
Est. Monthly Cash Flow $-1,468

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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