About This Home

Work & Play Downtown! 1 minute walk to The New Confluence Waterloo Greenway & Ladybird Lake Hike and Bike Trail (10 miles of scenic trails around the lake). Extra large balcony in a Prime DT location, Freshly Painted, Carpet Steam Cleaned, walk to just about anything you need. This property offers a a large lake view POOL & Deck with fire pit, gas BBQ grilles, and plenty of lounging areas, in house GYM, conference room, 24hr Concierge, Gated Garage, FOB access to building, elevators and all amenities.

At $525/sqft, this home is priced 34% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

603 Davis St #1005, Austin, TX 78701

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Property Details

Price $375,000

Status Active Listing

Beds 1

Full Baths 1

Half Baths ,

Living Area 714 sqft

Lot Size 0.00 acres (130.68 sqft)

Year Built 2006

Garage 1 spaces

Stories ,

Type Residential · Condominium

Subdivision Shore A Condo Amd The

County Travis

Zip Code 78701

$/sqft $525/sqft

Days on Market ,

HOA $490.97/Monthly

Annual Tax Est. $7,040.05

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT245652573

List Date September 3, 2026

Elementary School Mathews

Middle School O Henry

High School Austin

School District ,

Have Questions About This Property?

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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

800 Brazos St #1105
Brazos Place Condo Amd $380,000 $426 1 bd / 1 ba 891 sqft , 2026-07-08

904 West Ave #101
West Condo 904 $369,500 $510 1 bd / 1 ba 725 sqft , 2026-05-06

800 Brazos St #705
Brazos Place Condo Amd $360,000 $404 1 bd / 1 ba 891 sqft , 2026-08-03

54 Rainey St #415
Milago Condo Amd $359,000 $475 1 bd / 1 ba 756 sqft , 2026-06-01

710 Colorado St #9E
Brown Bldg Lofts Condo Amd $359,000 $564 1 bd / 1 ba 637 sqft , 2026-08-05

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

$1,800/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

$75,000

20% conventional investment loan

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

Estimated Gross Rent+$1,800

Principal + Interest−$2,047

Property Tax (~2.1% TX avg)−$656

Insurance (~0.5%)−$156

Est. Monthly Cash Flow $-1,059

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

About the Author

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 September 4, 2026.

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

603 Davis St #1005

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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