Active Listing  ·  68 days on market

610 Davis St #5003

Austin, TX 78701
$5,582,000
4 Bed 5 Bath 3,818 sqft $1,462/sqft Built 2025 2-Car Garage Pool The Modern Austin Residences

Luxury redefined in this expansive residence situated on the southwest corner of The Modern. Featuring over 3,800 sq ft, this thoughtfully designed 4 bed, 4.5 bath residence with soaring views of Lady Bird Lake and the Austin skyline offers the very best of urban living. Floor-to-ceiling glass frames stunning sunset, city skyline and hill country views, along with two sprawling covered balconies. The chef-inspired kitchen features dark quartzite natural stone countertops, 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 with lighted shelving and ample storage. The elegant primary bath is a welcome oasis showcasing a curated selection of designer tiles, walk-in shower and soaking tub, dual vanity with backlit mirrors and expansive walk-in closet. The secondary bedroom features an en-suite bath for added privacy. Additional highlights include hardwood + tile flooring throughout and two premium reserved parking spaces. Residents 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 $1,462/sqft, this home is priced 274% 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 #5003, Austin, TX 78701

Property Details

Price $5,582,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths 1
Living Area 3,818 sqft
Lot Size ,
Year Built 2025
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision The Modern Austin Residences
County Travis
Zip Code 78701
$/sqft $1,462/sqft
Days on Market ,
HOA $2,940/Monthly
Annual Tax Est. $17,523
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230941651
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
2521 Harris Blvd
Pemberton Heights Sec 02
$5,900,000 $1,156 5 bd / 6 ba 5,102 sqft , 2026-05-01
3413 Bunny Run
Davenport West Sec 04 Ph 01
$5,950,000 $1,362 5 bd / 5 ba 4,370 sqft , 2026-07-03
2212 River Hills Rd
Deer Creek
$4,995,000 $1,540 4 bd / 3 ba 3,243 sqft , 2026-02-25
5307 Tortuga Trl
Mount Bonnell Shores
$4,850,000 $1,257 4 bd / 6 ba 3,858 sqft , 2026-07-15
300 Bowie St #PH2
Spring Condo Amd
$4,750,000 $1,314 3 bd / 4 ba 3,615 sqft , 2026-06-02

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
$26,794/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
$1,116,400
20% conventional investment loan

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

Estimated Gross Rent+$26,794
Principal + Interest−$30,463
Property Tax (~2.1% TX avg)−$9,769
Insurance (~0.5%)−$2,326
Est. Monthly Cash Flow $-15,764

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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