Active Listing  ·  19 days on market

603 Davis St #1201

Austin, TX 78701
$500,000
1 Bed 1 Bath 1,005 sqft $498/sqft Built 2006 0.00 acres 1-Car Garage Pool Shore A Condo Amd The

Lakeside living in the heart of Rainey Street. This west-facing 1BR/1BA (plus flex room and deeded on-site storage unit) at The Shore Condominiums offers views of Lady Bird Lake and the downtown skyline from a private balcony. Recent upgrades include a marble-tiled tub/shower surround, updated hardware, an extended granite island top with seating ledge, custom fabric shades, and new lighting throughout — turnkey and move-in ready. A deeded storage unit adds rare extra space. Building amenities include a lap pool with cabanas, private access to the Hotel Van Zandt pool, fitness center, 24-hour concierge, and direct hike-and-bike trail access. Investor-friendly HOA with no rental cap and low dues. Steps from the newly reopened Mexican American Cultural Center and its 80-ft shade plaza along the trail. Urban lakeside living, elevated and upgraded.

At $498/sqft, this home is priced 27% 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

603 Davis St #1201, Austin, TX 78701

Property Details

Price $500,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 1,005 sqft
Lot Size 0.00 acres (174.24 sqft)
Year Built 2006
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Shore A Condo Amd The
County Travis
Zip Code 78701
$/sqft $498/sqft
Days on Market ,
HOA $650/Monthly
Annual Tax Est. $9,661.97
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245694436
List Date September 3, 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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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
70 Rainey St #2203
70 Rainey
$499,990 $754 1 bd / 1 ba 663 sqft , 2026-09-09
1600 S 1st St #201
Willa
$499,000 $591 1 bd / 1 ba 845 sqft , 2025-12-12
222 West Ave #2207
Seaholm Residences Residential
$499,000 $728 1 bd / 1 ba 685 sqft , 2026-04-24
222 West Ave #2507
Seaholm Residences Residential
$499,000 $728 1 bd / 1 ba 685 sqft , 2026-06-12
48 East Ave #2605
48 East Condos
$495,000 $701 1 bd / 1 ba 706 sqft , 2026-09-16

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
$2,400/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
$100,000
20% conventional investment loan

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

Estimated Gross Rent+$2,400
Principal + Interest−$2,729
Property Tax (~2.1% TX avg)−$875
Insurance (~0.5%)−$208
Est. Monthly Cash Flow $-1,412

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 September 10, 2026.

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