Active Listing  ·  13 days on market

603 Davis St #2009

Austin, TX 78701
$640,000
2 Bed 2 Bath 1,286 sqft $498/sqft Built 2006 0.01 acres 2-Car Garage Pool Waterfront Shore A Condo Amd The

Downtown living at its finest, with Lady Bird Lake right outside your door! This stylish residence features upgraded flooring throughout, natural stone countertops, an upgraded backsplash, and a seamless glass shower in the primary bathroom. The spacious primary suite offers a dual vanity and a refined, spa-like feel. The thoughtfully designed second bedroom features a built-in Murphy bed, creating the perfect turnkey guest room or flexible office space without sacrificing functionality.

Step onto your private balcony and enjoy views of Lady Bird Lake, or take advantage of The Shore’s premier location, just steps from the Mexican American Cultural Center, the Hike & Bike Trail, Rainey Street District, and some of Austin’s top restaurants and nightlife. The East Side is also just minutes away. Residents enjoy an exceptional collection of amenities, including a fitness center and newly renovated pool deck, making this residence an ideal urban retreat in the heart of Austin.

At $498/sqft, this home is priced 28% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

603 Davis St #2009, Austin, TX 78701

Property Details

Price $640,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,286 sqft
Lot Size 0.01 acres (243.94 sqft)
Year Built 2006
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Shore A Condo Amd The
County Travis
Zip Code 78701
$/sqft $498/sqft
Days on Market ,
HOA $823/Monthly
Annual Tax Est. $11,412.49
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT251219903
List Date October 30, 2026
Elementary School Mathews
Middle School O Henry
High School Austin
School District Austin ISD

Austin ISD

Mathews · O Henry · Austin

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
1708 Canterbury St #B
Riverside
$649,999 $591 2 bd / 3 ba 1,100 sqft , 2026-09-22
603 Davis St #1704
Shore A Condo Amd The
$630,000 $503 2 bd / 2 ba 1,252 sqft , 2026-06-13
48 East Ave #2004
Natiivo
$650,000 $728 1 bd / 1 ba 893 sqft , 2025-10-03
800 Embassy Dr #319
Tyndall at Robertson Hill
$650,000 $461 2 bd / 2 ba 1,411 sqft , 2026-07-03
1702 Willow St
Riverside
$650,000 $749 2 bd / 1 ba 868 sqft , 2026-09-02

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
$3,072/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
$128,000
20% conventional investment loan

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

Estimated Gross Rent+$3,072
Principal + Interest−$3,493
Property Tax (assumed ~2.1%)−$1,120
Insurance (assumed ~0.5%)−$267
Est. Monthly Cash Flow $-1,808

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 · 41 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. The written content was last updated on November 8, 2026.

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

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