Active Listing  ·  71 days on market

603 Davis St #1704

Austin, TX 78701
$630,000
2 Bed 2 Bath 1,252 sqft $503/sqft Built 2006 0.01 acres 2-Car Garage Pool Waterfront Shore A Condo Amd The

Life at The Shore is about having Austin at your doorstep while enjoying the ease of a true lock-and-leave lifestyle. Perched above the Rainey Street District and just steps from the shores of Lady Bird Lake, Residence 1704 places you in one of the most connected and walkable locations in the city.

Start your mornings with a run, walk, or bike ride on the Ann and Roy Butler Hike-and-Bike Trail, grab coffee nearby, and spend your evenings exploring some of Austin's most celebrated restaurants, cocktail bars, and live music venues, all without needing your car. Walk to Austin favorites like Emmer & Rye, Hestia, Intero, and Geraldine's, or catch a show at Stubb's Bar-B-Q and Antone's Nightclub, two venues that helped shape Austin's reputation as the Live Music Capital of the World.

The surrounding neighborhood continues to benefit from transformative investment, including the nearly $91 million Waterloo Gateway project, creating a seamless connection between downtown, the waterfront, and the expanding Waterloo Greenway park system. This once-in-a-generation improvement is reshaping how residents experience the urban core, adding green space, trails, gathering areas, and enhanced connectivity throughout downtown Austin.

Residents of The Shore enjoy a collection of amenities designed to complement downtown living, including 24-hour concierge service, a resort-style terrace pool with cabanas and grilling areas, fitness center overlooking the lake, conference and meeting spaces, outdoor lounge areas, fire pit, secure parking, and direct access to the hike-and-bike trail.

Whether you're looking for a full-time residence, a downtown pied-à-terre, or a low-maintenance home base, Residence 1704 delivers what makes Austin special: waterfront access, walkability, live music, incredible dining, and the freedom to lock the door and go. This is downtown Austin living at its most authentic, connected, active, and effortlessly convenient.

At $503/sqft, this home is priced 29% 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 #1704, Austin, TX 78701

Property Details

Price $630,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,252 sqft
Lot Size 0.01 acres (235.22 sqft)
Year Built 2006
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Shore A Condo Amd The
County Travis
Zip Code 78701
$/sqft $503/sqft
Days on Market ,
HOA $770/Monthly
Annual Tax Est. $13,243.69
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT236216477
List Date June 13, 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
555 E 5th St #527
Five Fifty 05 Condo Amd
$630,000 $414 1 bd / 2 ba 1,520 sqft , 2026-07-06
1507 1/2 Holly St
Free & Williams
$625,000 $651 3 bd / 1 ba 960 sqft , 2026-03-11
800 W 5th St #606
Austin City Lofts Amd
$625,000 $538 1 bd / 1 ba 1,161 sqft , 2026-04-29
222 West Ave #2012
Seaholm Residences Residential
$649,000 $790 1 bd / 1 ba 821 sqft , 2026-01-21
904 West Ave #214
West Condo 904
$649,500 $448 3 bd / 2 ba 1,450 sqft , 2026-02-18

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
$3,024/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
$126,000
20% conventional investment loan

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

Estimated Gross Rent+$3,024
Principal + Interest−$3,438
Property Tax (~2.1% TX avg)−$1,103
Insurance (~0.5%)−$263
Est. Monthly Cash Flow $-1,780

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 June 16, 2026.

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