Active Listing  ·  193 days on market

48 East Ave #3008

Austin, TX 78701
$704,000
1 Bed 1 Bath 803 sqft $877/sqft Built 2021 0.00 acres 1-Car Garage Pool Natiivo Austin

Premier Austin Investment & Luxury Living in the Rainey Street District. This ultra-modern, 30th-floor condo in Austin's desirable Rainey St. District offers a unique investment with city-approved short-term rental flexibility for passive income. The open-concept design is defined by dramatic floor-to-ceiling windows providing panoramic views of Lady Bird Lake and the downtown skyline. The aesthetic is sophisticated, industrial chic, featuring concrete accents in the primary bedroom. The spa-like primary bathroom includes a vessel sink and a frameless walk-in shower. A private balcony extends the living space, perfect for enjoying the Austin atmosphere and city views. Ownership includes unrivaled amenities and 24/7 hotel-style services. Highlights include a resort-style Rooftop Oasis with a pool and cabanas, a state-of-the-art Health & Wellness Center with Peloton bike stations, and 24-hour concierge services for grocery delivery and lifestyle management. 24-hour valet parking and dedicated pet amenities ensure ultimate convenience. This is a lifestyle investment in a vibrant city. Schedule your tour today.

At $877/sqft, this home is priced 124% 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 #3008, Austin, TX 78701

Property Details

Price $704,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 803 sqft
Lot Size 0.00 acres (65.34 sqft)
Year Built 2021
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Natiivo Austin
County Travis
Zip Code 78701
$/sqft $877/sqft
Days on Market ,
HOA $1,000/Monthly
Annual Tax Est. $15,312.94
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT215837064
List Date January 23, 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
84 East Ave #3705
Historic Rainey District
$715,000 $777 1 bd / 1 ba 920 sqft , 2026-07-30
5200 Grover Ave
Brentwood
$690,000 $680 2 bd / 3 ba 1,014 sqft , 2026-06-02
48 East Ave #1804
Natiivo
$679,900 $755 1 bd / 1 ba 901 sqft , 2026-02-06
48 East Ave #2504
Natiivo
$679,900 $761 1 bd / 1 ba 893 sqft , 2026-04-15
2209 S 1st St #237
Bouldin
$679,000 $633 2 bd / 2 ba 1,072 sqft , 2026-06-17

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
$3,379/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
$140,800
20% conventional investment loan

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

Estimated Gross Rent+$3,379
Principal + Interest−$3,842
Property Tax (~2.1% TX avg)−$1,232
Insurance (~0.5%)−$293
Est. Monthly Cash Flow $-1,988

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →