Active Listing  ·  13 days on market

610 Davis St #2312

Austin, TX 78701
$1,770,000
3 Bed 3 Bath 1,820 sqft $973/sqft Built 2025 2-Car Garage Pool New Construction The Modern Austin Residences

Experience Modern luxury in this spacious 3 bed, 3 bath northeast corner residence with 2 living areas and 2 covered balconies perfect for soaking in the city skyline. Floor-to-ceiling windows fill the home with natural light and offer expansive downtown views. The kitchen is well appointed with quartzite countertops with full height backsplash, SubZero refrigerator, Wolf range, and sleek modern finishes throughout. The primary retreat features a large walk-in closet and spa-like bath including spacious walk-in shower, dual vanity with backlit floating mirrors, quartz countertop and designer tile. The secondary bedroom offers an en-suite bath for added privacy. Hardwood + tile flooring throughout and two reserved garage parking spaces included. Residents enjoy over 19,000 sq ft of curated amenities across three levels, including a 25-meter pool and spa, fitness center and yoga studio, indoor and outdoor lounges, dog park and wash station, business center, sky lounge with catering kitchen, 24/7 concierge service and the Modern Bar located on the ground level. Perfectly situated in the heart of the Rainey Street District, The Modern offers walkable access to Austin’s best restaurants, nightlife, and the scenic hike-and-bike trail along Lady Bird Lake.

At $973/sqft, this home is priced 148% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

610 Davis St #2312, Austin, TX 78701

Property Details

Price $1,770,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 1,820 sqft
Lot Size ,
Year Built 2025
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision The Modern Austin Residences
County Travis
Zip Code 78701
$/sqft $973/sqft
Days on Market ,
HOA $1,375/Monthly
Annual Tax Est. $8,709
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT247942313
List Date September 25, 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 #2201
70 Rainey Condominiums
$1,695,000 $999 2 bd / 2 ba 1,697 sqft , 2026-04-21
501 West Ave #3404
5th & West Condominiums
$1,850,000 $921 3 bd / 3 ba 2,009 sqft , 2026-09-23
44 East Ave #3707
44 East Ave Condos
$1,865,000 $936 3 bd / 3 ba 1,993 sqft , 2026-05-01
501 West Ave #2004
Fifth & West
$1,650,000 $821 3 bd / 3 ba 2,009 sqft , 2026-08-18
210 Lavaca St #1912
Condo
$1,649,999 $1,040 2 bd / 3 ba 1,587 sqft , 2026-03-13

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
$8,496/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
$354,000
20% conventional investment loan

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

Estimated Gross Rent+$8,496
Principal + Interest−$9,660
Property Tax (~2.1% TX avg)−$3,098
Insurance (~0.5%)−$738
Est. Monthly Cash Flow $-5,000

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 October 4, 2026.

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