About This Home

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 $650/sqft, this home is priced 65% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

84 East Ave #2506, Austin, TX 78701

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Property Details

Price $795,000

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 $650/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 ,

Have Questions About This Property?

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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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 · March 24, 2026 $850,000

Current ask $795,000

▼ Reduced $55,000 (-6.5%) 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 Drake Ave
Fairview Park $795,000 $935 2 bd / 1 ba 850 sqft , 2026-09-10

44 East Ave #1407
44 East $798,000 $654 2 bd / 2 ba 1,221 sqft , 2026-07-23

360 Nueces St #2302
Residential Condo Amd 360 $799,000 $754 2 bd / 2 ba 1,059 sqft , 2026-05-07

300 Bowie St #2301
Spring Condo Amd $799,000 $770 2 bd / 2 ba 1,038 sqft , 2026-07-15

1606 S 2nd St
Bouldin J E Estate $799,900 $641 3 bd / 2 ba 1,248 sqft , 2026-08-10

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

$3,816/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

$159,000

20% conventional investment loan

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

Estimated Gross Rent+$3,816

Principal + Interest−$4,339

Property Tax (~2.1% TX avg)−$1,391

Insurance (~0.5%)−$331

Est. Monthly Cash Flow $-2,245

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

About the Author

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 September 19, 2026.

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

84 East Ave #2506