Active Listing  ·  5 days on market

84 East Ave #3106

Austin, TX 78701
$969,000
2 Bed 2 Bath 1,224 sqft $792/sqft Built 2024 2-Car Garage Pool New Construction Rainey District

Perched on the 36th floor of Vesper, this residence offers an extraordinary opportunity to experience Downtown Austin from one of the city's most coveted new luxury high-rises. Floor-to-ceiling walls of glass frame breathtaking panoramic views of Lady Bird Lake, the iconic Austin skyline, and the rolling Texas Hill Country, creating an ever-changing backdrop from sunrise to the sparkling city lights after dark. Designed for effortless luxury and sophisticated entertaining, the expansive open-concept floor plan seamlessly blends refined living with exceptional functionality. The chef's kitchen is appointed with premium appliances, custom cabinetry, and elegant finishes, while generous living spaces create an atmosphere that is both striking and comfortable. The spacious primary suite offers a true private retreat, complete with a spa-inspired bath, abundant storage, and a sense of tranquility rarely found in the heart of Downtown Austin. A full-size side-by-side laundry room and thoughtfully designed layout provide the comfort and convenience of a single-family home within a luxury condominium. Vesper elevates everyday living with an exceptional collection of amenities, including 24-hour concierge service, secure gated parking, a state-of-the-art fitness center, curated art gallery, elegant resident lounge, private dog run, and Austin's highest rooftop pool with sweeping skyline views. Just steps from the acclaimed restaurants, nightlife, waterfront trails, and outdoor recreation of Rainey Street and Lady Bird Lake, residents enjoy an unmatched walkable lifestyle in one of Austin's most vibrant neighborhoods. Exceptional architecture, elevated service, remarkable views, and an unbeatable location come together in perfect harmony, and this offering presents a rare opportunity to own a brand-new luxury residence where every day feels inspired.

At $792/sqft, this home is priced 103% 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 #3106, Austin, TX 78701

Property Details

Price $969,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,224 sqft
Lot Size ,
Year Built 2024
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Rainey District
County Travis
Zip Code 78701
$/sqft $792/sqft
Days on Market ,
HOA $967/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT241765316
List Date July 30, 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.

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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
306 W Stassney Ln #1&2
Pleasant Hill Add
$975,000 $608 3 bd / 2 ba 1,604 sqft , 2026-06-17
2323 S Lamar Blvd #206
Precision Add
$959,000 $732 2 bd / 2 ba 1,310 sqft , 2026-05-08
900 S 2nd St #20
Bouldin Court Condos
$985,000 $597 3 bd / 3 ba 1,650 sqft , 2026-03-17
48 East Ave #2611
Natiivo
$950,000 $917 2 bd / 2 ba 1,036 sqft , 2026-05-19
6308 Nasco Dr
Allandale
$950,000 $634 3 bd / 2 ba 1,498 sqft , 2026-05-18

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
$4,651/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
$193,800
20% conventional investment loan

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

Estimated Gross Rent+$4,651
Principal + Interest−$5,288
Property Tax (~2.1% TX avg)−$1,696
Insurance (~0.5%)−$404
Est. Monthly Cash Flow $-2,737

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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