Active Listing  ·  344 days on market

610 Davis St #3801

Austin, TX 78701
$3,622,700
5 Bed 5 Bath 3,216 sqft $1,126/sqft Built 2024 2-Car Garage Pool New Construction The Modern Austin Residences

Be the first to experience unparalled luxury at The Modern in this thoughtfully designed 5 bed, 5 bath residence perched on the 38th floor. With over 3,200 sq ft of living space, the floor-to-ceiling windows frame stunning sunset and city views, along with two spacious balconies for outdoor living. The kitchen allures with dark quartzite countertops and full height backsplash, Italkraft cabinetry, high-end appliances including SubZero refrigerator, Wolf six-burner range and microwave, and Bosch dishwasher. Entertain with ease with the beautifully designed wet bar featuring SubZero 86-bottle wine fridge with LED lighting and separate temperature controls, refrigerator drawer and freezer drawer with ice maker, and lighted shelving. The elegant primary bath is a welcome retreat with a spacious walk-in shower showcasing a curated selection of designer tiles and dual vanity with backlit mirrors. Two of the secondary bedrooms feature en-suite baths for added privacy. Additional highlights include hardwood flooring and two reserved parking spaces. Residents will enjoy over 19,000 sq ft of curated amenities across three levels, including a 25-meter pool and spa, indoor and outdoor lounges with private dining areas, catering kitchen and gas grills, fitness center and yoga studio, dog park and wash station, board rooms and business center, sky lounge, guest suites, and 24/7 concierge service. Perfectly positioned in the Rainey Street District, The Modern offers unmatched access to Austin’s best restaurants, nightlife, and the scenic trail along Lady Bird Lake.

At $1,126/sqft, this home is priced 188% 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 #3801, Austin, TX 78701

Property Details

Price $3,622,700
Status Active Listing
Beds 5
Full Baths 5
Half Baths ,
Living Area 3,216 sqft
Lot Size ,
Year Built 2024
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision The Modern Austin Residences
County Travis
Zip Code 78701
$/sqft $1,126/sqft
Days on Market ,
HOA $2,476/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT205448152
List Date August 25, 2025
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 →

Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · August 25, 2025 $4,364,520
Current ask $3,622,700
Reduced $741,820 (-17.0%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
1709 Valeria St
Fowler Heights
$3,600,000 $846 5 bd / 4 ba 4,255 sqft , 2026-06-26
2905 Stratford Dr
Bluffington Sec 02
$3,700,000 $1,511 4 bd / 2 ba 2,448 sqft , 2026-06-08
6705 Elfland Dr
Rivercrest Add Sec 02
$3,495,000 $1,109 4 bd / 5 ba 3,151 sqft , 2026-05-06
3310 Westhill Dr
West Park Add
$3,495,000 $1,092 4 bd / 4 ba 3,201 sqft , 2026-05-08
5403 Ridge Oak Dr
Highland Park West Sec 02
$3,495,000 $827 6 bd / 4 ba 4,224 sqft , 2026-06-19

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
$17,389/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
$724,540
20% conventional investment loan

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

Estimated Gross Rent+$17,389
Principal + Interest−$19,771
Property Tax (~2.1% TX avg)−$6,340
Insurance (~0.5%)−$1,509
Est. Monthly Cash Flow $-10,231

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 →