Active Listing  ·  11 days on market

603 Davis St #101

Austin, TX 78701
$1,450,000
2 Bed 3 Bath 1,690 sqft $858/sqft Built 2006 0.01 acres 2-Car Garage Pool Shore A Condo Amd The

LOCATED ONE BLOCK OFF OF RAINEY STREET, this ultra-rare Downtown Austin maisonette is a self-contained condominium that is spread across three floors connected by an internal staircase and an independent, private entrance from the outside at street level. The Shore unit 101 could be the perfect live/work space for an art gallery, attorney's office, architect, interior designer, wealth manager, boutique real estate office, family office, or consulting business. Use the ground floor commercially and live on the two floors above, or use it all as a fabulous three story townhome. Recently renovated, including wide plank hardwood flooring on all three levels. Beautifully landscaped entry terrace. Second floor balcony with glass handrails. Two ground floor secure garage spaces. Full access to on site concierge and all building amenities.

At $858/sqft, this home is priced 119% 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

603 Davis St #101, Austin, TX 78701

Property Details

Price $1,450,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,690 sqft
Lot Size 0.01 acres (304.92 sqft)
Year Built 2006
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Shore A Condo Amd The
County Travis
Zip Code 78701
$/sqft $858/sqft
Days on Market ,
HOA $1,029/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT124355732
List Date July 24, 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
1510 Buffalo Gap Rd
Buffalo Gap
$1,450,000 $949 2 bd / 2 ba 1,528 sqft , 2026-06-05
1912 S 3rd St
BOULDIN
$1,450,000 $893 3 bd / 3 ba 1,623 sqft , 2026-06-16
70 Rainey St #1901
70 Rainey Residences
$1,464,000 $863 2 bd / 2 ba 1,697 sqft , 2026-03-25
44 East Ave #3402
44 EAST AVE CONDIMINIUMS
$1,425,000 $1,028 2 bd / 2 ba 1,386 sqft , 2026-02-02
800 W 5th St #1209
Austin City Lofts Amd
$1,475,000 $666 2 bd / 2 ba 2,215 sqft , 2025-08-12

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
$6,960/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
$290,000
20% conventional investment loan

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

Estimated Gross Rent+$6,960
Principal + Interest−$7,913
Property Tax (~2.1% TX avg)−$2,538
Insurance (~0.5%)−$604
Est. Monthly Cash Flow $-4,095

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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