This home is under contract and no longer accepting offers. The price below is the last listed price, kept for reference only — if the deal falls through it may return to the market.
48 East Ave #3005, Austin TX 78701
MLS #238633887 · Rudder Realty, Inc. · Aaron Farmer
About this home
30th-floor, east-facing condo in the heart of downtown Austin’s Rainey Street District — fully licensed and operating as a successful short-term rental. An ideal lock-and-leave second home with the flexibility to generate income when you're away. In 2025, the unit achieved 291 nights booked (approximately 80% occupancy), demonstrating strong, consistent demand in one of Austin’s most vibrant neighborhoods. Expansive windows frame stunning sunrise views of the city skyline and Lady Bird Lake, filling the open-concept layout with natural light. High ceilings, recessed lighting, crisp white walls, and warm luxury vinyl plank flooring create a clean, modern aesthetic. The kitchen features stainless steel appliances, open shelving, and generous cabinet storage. The spacious primary suite captures panoramic city and lake views and includes a spa-inspired ensuite bath with dual vanities and an oversized walk-in shower. Ample closets and storage enhance everyday comfort and functionality. Residents enjoy resort-style amenities including a rooftop pool with skyline views, state-of-the-art fitness center, game room, dog park, and lobby coffee shop. Valet parking is complimentary for owners with a parking pass, adding convenience and ease for both personal use and guests. Walk to Rainey Street’s top restaurants, live music, and nightlife, plus direct access to Lady Bird Lake hike-and-bike trails and kayak rentals. Minutes to UT, the Capitol, metro rail, and Austin-Bergstrom International Airport. Experience elevated downtown living with flexibility, convenience, and iconic Austin energy right outside your door.
Property details
- Property type
- Residential · Condominium
- Status
- Active
- Year built
- 2021
- Full baths
- 1
- Lot size
- 0.0014
- Subdivision
- Natiivo
- MLS area
- DT
- MLS #
- 238633887
Features
Interior features
- Built-in Features
- High Ceilings
- Corain Counters
- Double Vanity
- Electric Dryer Hookup
- Primary Bedroom on Main
- Walk-In Closet(s)
Exterior features
- Barbecue
- Electric Car Plug-in
Additional details
- Parking
- See Remarks
- Garage spaces
- 1
- Roof
- Flat Tile
- Foundation
- Slab
- HOA
- $605 / monthly
- Annual tax
- $9,350
Location
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Schools
Assigned schools per the MLS.
- School district
- Austin ISD
- Elementary
- Mathews
- Middle
- O Henry
- High
- Austin
Market insights
Compared with 353 active homes in ZIP 78701 · HomeLocating listings
At $495,000, this home is priced 27% below the $675,000 median across 353 active homes in ZIP 78701, including other homes in Natiivo.
Estimated monthly payment
Home price
$495,000
Down payment
20% ($99,000)
Loan details
30-yr fixed, 6.50%
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Estimate only, not a lending offer or MLS data. Taxes, insurance, and HOA figures are estimated (see ⓘ above for detail); contact a lender to confirm your exact rate and payment.
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Listing courtesy of Rudder Realty, Inc. · Aaron Farmer
Listing data last updated Sep 18, 2026, 11:46 PM
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