Active Listing  ·  242 days on market

48 East Ave #3008

Austin, TX 78701
$685,000
1 Bed 1 Bath 803 sqft $853/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 $853/sqft, this home is priced 117% above the Austin active market average of $393/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 $685,000
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 $853/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.

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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 · January 23, 2026 $704,000
Current ask $685,000
Reduced $19,000 (-2.7%) 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
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
84 East Ave #3704
Vesper
$679,000 $761 1 bd / 1 ba 892 sqft , 2026-08-09
48 East Ave #2108
Natiivo
$675,000 $841 1 bd / 1 ba 803 sqft , 2026-03-25
610 Davis St #3009
The Modern Austin Residences
$675,000 $1,023 1 bd / 1 ba 660 sqft , 2026-08-12

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
$3,288/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
$137,000
20% conventional investment loan

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

Estimated Gross Rent+$3,288
Principal + Interest−$3,738
Property Tax (~2.1% TX avg)−$1,199
Insurance (~0.5%)−$285
Est. Monthly Cash Flow $-1,934

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 10, 2026.

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