Active Listing  ·  23 days on market

603 Davis St #811

Austin, TX 78701
$475,000
1 Bed 1 Bath 1,029 sqft $462/sqft Built 2006 0.00 acres 2-Car Garage Pool Shore A Condo Amd The

Experience the pulse of downtown Austin from this elevated retreat above the vibrant Rainey Street District. Perfectly positioned with immediate access to the Lady Bird Lake Hike and Bike Trail, Residence 811 offers a sophisticated blend of urban energy and serenity.

This thoughtfully designed one-bedroom plus office nook has been refreshed with new luxury vinyl plank flooring and fresh paint. Natural light pours into the living space, highlighting elegant stone accent walls that add texture and warmth. The kitchen is a chef’s delight, anchored by granite countertops and sleek stainless steel appliances. When it’s time to unwind, the spacious bathroom serves as a private spa with its double vanity, deep soaking tub, and separate walk-in shower.

The true showstopper is the expansive 8th-floor balcony. Step outside to take in 180-degree views of Lady Bird Lake, spectacular Texas sunsets, and a front-row seat to the holiday fireworks over Auditorium Shores.

Life at The Shore means enjoying a suite of premium amenities, including a 24-hour concierge, a fitness center, and a fenced dog area. The pool deck is an entertainer's dream, featuring BBQ grills, a cozy fireplace, and a shaded gazebo for breezy afternoons. Best of all, this unit includes two dedicated parking spaces in the secure garage—a rare find in the heart of the city.

At $462/sqft, this home is priced 18% 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 #811, Austin, TX 78701

Property Details

Price $475,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 1,029 sqft
Lot Size 0.00 acres (196.02 sqft)
Year Built 2006
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Shore A Condo Amd The
County Travis
Zip Code 78701
$/sqft $462/sqft
Days on Market ,
HOA $658/Monthly
Annual Tax Est. $8,652.64
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238869458
List Date July 31, 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
1305 E 6th St #13
1305 Lofts A Condo Amd
$475,000 $413 1 bd / 2 ba 1,150 sqft , 2026-05-08
360 Nueces St #3608
Residential Condo Amd 360
$479,000 $654 1 bd / 1 ba 732 sqft , 2025-09-04
222 West Ave #2809
Seaholm Residences Residential
$485,000 $708 1 bd / 1 ba 685 sqft , 2026-05-07
48 East Ave #2005
48 East Condominiums
$489,999 $694 1 bd / 1 ba 706 sqft , 2026-05-11
555 E 5th St #903
Five Fifty 05 Condo Amd
$460,000 $406 1 bd / 1 ba 1,134 sqft , 2026-06-04

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
$2,280/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
$95,000
20% conventional investment loan

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

Estimated Gross Rent+$2,280
Principal + Interest−$2,592
Property Tax (~2.1% TX avg)−$831
Insurance (~0.5%)−$198
Est. Monthly Cash Flow $-1,341

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 August 1, 2026.

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