Active Listing  ·  8 days on market

610 Davis St #3408

Austin, TX 78701
$617,500
1 Bed 1 Bath 638 sqft $968/sqft Built 2024 0.00 acres 1-Car Garage Pool Modern Austin

Enjoy sweeping sunrise views from the 34th floor in this east-facing 1 Bed / 1 Bath residence at The Modern, with custom blinds throughout and one reserved garage parking space included. Floor-to-ceiling windows fill the home with soft morning light, and the private balcony is the perfect spot to take in the skyline over your first cup of coffee. The sleek kitchen features a Wolf gas range, custom cabinetry, and under-cabinet lighting. The spacious primary suite includes a walk-in closet and a spa-inspired bath with a seamless glass walk-in shower. Residents enjoy resort-style amenities including a pool deck with outdoor TVs, a state-of-the-art fitness center, a yoga and Pilates studio, multiple lounges and event spaces, conference rooms, a residents' speakeasy, dedicated dog facilities, and 24/7 concierge. Perfectly located in the heart of Downtown Austin, just off Rainey Street, you're steps from the newly opened 1 Hotel Austin and its signature restaurant Alteno from Michelin-starred Chef Johnny Curiel, Emmer & Rye, Royal Blue Grocery, Banger's, Cantina 512, and over 20 new hot spots and eateries, all at your doorstep. Walk to the Lady Bird Lake Hike-and-Bike Trail.

At $968/sqft, this home is priced 148% 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 #3408, Austin, TX 78701

Property Details

Price $617,500
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 638 sqft
Lot Size 0.00 acres (21.78 sqft)
Year Built 2024
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Modern Austin
County Travis
Zip Code 78701
$/sqft $968/sqft
Days on Market ,
HOA $481.2/Monthly
Annual Tax Est. $3,816.67
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249805162
List Date October 15, 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
44 East Ave #1509
44 East Ave Condominiums
$624,950 $785 2 bd / 2 ba 796 sqft , 2026-04-08
44 East Ave #2108
44 East Ave Condos
$610,000 $769 2 bd / 2 ba 793 sqft , 2026-07-05
301 West Ave #2003
The Independent
$625,000 $897 1 bd / 1 ba 697 sqft , 2026-04-15
610 Davis St #1909
Modern Austin
$625,000 $947 1 bd / 1 ba 660 sqft , 2026-09-10
44 East Ave #3305
44 East Ave Condos
$625,000 $785 2 bd / 2 ba 796 sqft , 2026-10-13

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
$2,964/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
$123,500
20% conventional investment loan

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

Estimated Gross Rent+$2,964
Principal + Interest−$3,370
Property Tax (~2.1% TX avg)−$1,081
Insurance (~0.5%)−$257
Est. Monthly Cash Flow $-1,744

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 16, 2026.

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