Active Listing  ·  133 days on market

84 East Ave #2506

Austin, TX 78701
$850,000
2 Bed 2 Bath 1,224 sqft $694/sqft Built 2024 0.00 acres 2-Car Garage Pool VESPER CONDOMINIUMS

Urban living at its finest with this exquisite two-bedroom condominium in the newly constructed Vesper,

located in the vibrant Rainey Street district. This 1,224 sqft condo faces southeast, offering stunning and expansive views of Austin. Indulge in sophisticated interiors and curated finishes that embody modern elegance. Residents enjoy access to top-tier amenities, including a rooftop pool, state-of-the-art fitness center, dog run, and 24-hour concierge services. Experience unparalleled city living with dining, entertainment, and cultural attractions right at your doorstep.

At $694/sqft, this home is priced 77% 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

84 East Ave #2506, Austin, TX 78701

Property Details

Price $850,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,224 sqft
Lot Size 0.00 acres (74.05 sqft)
Year Built 2024
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision VESPER CONDOMINIUMS
County Travis
Zip Code 78701
$/sqft $694/sqft
Days on Market ,
HOA $967/Monthly
Annual Tax Est. $19,766.65
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT223085813
List Date March 24, 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
200 Congress Ave #11A
Austonian Condo Community
$850,000 $694 1 bd / 2 ba 1,225 sqft , 2026-07-02
800 W 5th St #1004
Austin City Lofts
$850,000 $782 1 bd / 1 ba 1,087 sqft , 2026-07-14
2016 Jesse E Segovia St #B
Bergman Valley View
$850,000 $560 3 bd / 3 ba 1,519 sqft , 2026-06-15
2209 S 1st St #107
One Oak
$849,000 $660 1 bd / 1 ba 1,286 sqft , 2026-04-21
360 Nueces St #1417
Residential Condo Amd 360
$849,000 $761 2 bd / 2 ba 1,115 sqft , 2026-04-13

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
$4,080/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
$170,000
20% conventional investment loan

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

Estimated Gross Rent+$4,080
Principal + Interest−$4,639
Property Tax (~2.1% TX avg)−$1,488
Insurance (~0.5%)−$354
Est. Monthly Cash Flow $-2,401

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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