Active Listing  ·  75 days on market

610 Davis St #2508

Austin, TX 78701
$875,000
2 Bed 2 Bath 1,174 sqft $745/sqft Built 2025 1-Car Garage Pool New Construction The Modern Austin Residences

Thoughtfully designed northwest-facing residence at The Modern. Featuring floor-to-ceiling windows and covered balcony with beautiful downtown skyline views. The kitchen comes equipped with light quartzite countertops with full-height backsplash, large center island, Italkraft cabinetry, Wolf gas range and microwave, and Bosch dishwasher. The primary bath showcases a light quartz dual vanity countertop with floating lighted mirrors and spacious walk-in shower. Additional highlights include hardwood + tile flooring and one reserved parking space. 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 and conference rooms, sky lounge with catering kitchen, 24/7 concierge service, and the Modern Bar located on the ground level. Perfectly situated in the vibrant Rainey Street District, The Modern offers easy access to Austin’s best restaurants, nightlife, and trail access along Lady Bird Lake.

At $745/sqft, this home is priced 91% 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

610 Davis St #2508, Austin, TX 78701

Property Details

Price $875,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,174 sqft
Lot Size ,
Year Built 2025
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision The Modern Austin Residences
County Travis
Zip Code 78701
$/sqft $745/sqft
Days on Market ,
HOA $904/Monthly
Annual Tax Est. $5,427
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT230935702
List Date May 21, 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
1801 Travis Heights Blvd
Travis Heights
$875,000 $827 3 bd / 1 ba 1,058 sqft , 2026-01-09
44 East Ave #1808
44 East Ave
$875,000 $1,103 2 bd / 2 ba 793 sqft , 2026-03-20
302 Ben Howell Dr
Live Oak Grove Addn
$875,000 $662 3 bd / 2 ba 1,322 sqft , 2026-06-23
2209 S 1st St #328
One Oak Condos
$874,000 $661 2 bd / 2 ba 1,323 sqft , 2026-06-26
900 S 2nd St #22
Bouldin Court Condos
$869,500 $696 2 bd / 3 ba 1,250 sqft , 2026-04-09

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
$4,200/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
$175,000
20% conventional investment loan

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

Estimated Gross Rent+$4,200
Principal + Interest−$4,775
Property Tax (~2.1% TX avg)−$1,531
Insurance (~0.5%)−$365
Est. Monthly Cash Flow $-2,471

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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