Active Listing  ·  68 days on market

610 Davis St #4301

Austin, TX 78701
$2,425,500
3 Bed 3 Bath 1,951 sqft $1,243/sqft Built 2025 2-Car Garage Pool New Construction The Modern Austin Residences

Experience unparalleled luxury at The Modern Austin Residences in this thoughtfully designed 3 bed, 3 bath home with amazing city and lake views. The open kitchen-living floor plan leads to the spacious covered balcony perfect for soaking in sunrises and sunsets. The kitchen features light quartzite countertops with full height backsplash, Italkraft cabinetry, SubZero refrigerator and beverage center, Wolf six-burner gas range and microwave, and Bosch dishwasher. The elegant primary bath offers a walk-in shower and soaking tub, designer tiles, dual vanity with backlit mirrors and natural stone countertop, and a spacious walk-in closet. The secondary bedroom also offers an en-suite bath for added privacy. Additional highlights include hardwood + tile flooring throughout and 2 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, 24/7 concierge service, and the Modern Bar located on the ground level. 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 $1,243/sqft, this home is priced 218% 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 #4301, Austin, TX 78701

Property Details

Price $2,425,500
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 1,951 sqft
Lot Size ,
Year Built 2025
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision The Modern Austin Residences
County Travis
Zip Code 78701
$/sqft $1,243/sqft
Days on Market ,
HOA $1,502/Monthly
Annual Tax Est. $9,337
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT231774956
List Date May 28, 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
2303 Big Horn Dr
Apache Shores Sec 04
$2,399,000 $1,234 2 bd / 3 ba 1,944 sqft , 2026-06-05
222 West Ave #2201
Seaholm Residences Residential
$2,395,000 $1,075 3 bd / 3 ba 2,227 sqft , 2025-11-13
222 West Ave #2301
Seaholm Residences Residential
$2,495,000 $1,120 3 bd / 3 ba 2,227 sqft , 2026-05-15
98 San Jacinto Blvd #2404
Town Lake Residences Condo
$2,495,000 $1,811 2 bd / 3 ba 1,378 sqft , 2026-07-17
200 Congress Ave #15E
Austonian Condo Community
$2,499,000 $1,303 2 bd / 2 ba 1,918 sqft , 2026-04-28

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
$11,642/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
$485,100
20% conventional investment loan

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

Estimated Gross Rent+$11,642
Principal + Interest−$13,237
Property Tax (~2.1% TX avg)−$4,245
Insurance (~0.5%)−$1,011
Est. Monthly Cash Flow $-6,851

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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