$600,000

Property Overview

This luxury one-bedroom condominium at 48 East Ave in the vibrant Rainey Street District presents a distinctive investment opportunity within Natiivo, a building uniquely licensed for hotel operations. The 901-square-foot residence showcases a thoughtfully curated design that functions seamlessly as either a high-performing short-term rental or sophisticated primary residence, featuring quartz countertops, stainless steel appliances, and an open floorplan that maximizes both guest appeal and everyday livability. Floor-to-ceiling windows frame striking city and skyline views while the east-facing unit floods with natural light throughout the day.

Located steps from Lady Bird Lake access and the historic bungalow bars that define East Austin's character, this Rainey Street address captures the neighborhood's vibrant nightlife and luxury high-rise atmosphere. The unit includes in-unit laundry, valet parking, and a private balcony ideal for entertaining, complemented by comprehensive building amenities including security and landscaping through the $743 monthly HOA. Built in 2021, the property represents newer construction quality at $666 per square foot, positioning it 12 percent below the area median and offering strong value in Austin TX's competitive downtown market.

Vox Real Estate Insight

The hotel license structure of this building is exceptionally rare in downtown Austin and opens portfolio acquisition possibilities that the Vox Real Estate team sees as genuinely game-changing for investors seeking stabilized, day-one revenue. This first-floor entry unit at 48 East Ave combines the lifestyle appeal of Rainey Street living with institutional-grade short-term rental performance, making it one of the few properties in the district offering this dual-purpose flexibility.

Agent Description

****UNIQUELY DESIGNED / DECORATED UNIT*** Unique opportunity to own a luxury condo in building with a hotel license. Option to buy 12+ units in the building as a portfolio purchase which could all be operating day one of purchase with no down time. This exceptional, fully furnished 1-bedroom condo offers a rare opportunity to own a high-performing short-term rental that also lives beautifully as a primary residence or second home. Thoughtfully designed with both guest experience and everyday comfort in mind, the home blends striking aesthetics with functional, livable space. The layout is ideal for both hosting and daily life, featuring spacious bedrooms, inviting common areas, and seamless indoor-outdoor flow. The outdoor space serves as a true centerpiece—perfect for entertaining, relaxing, and enjoying Austin’s year-round lifestyle. Optimized for group travel, the property includes design elements and amenities that consistently drive strong demand, premium nightly rates, and excellent guest reviews. Its prime location—just minutes from the airport and a short drive to downtown, Rainey Street, and East Austin’s top dining and entertainment—makes it highly attractive to guests while remaining convenient for full-time living. Offered fully turnkey, all furnishings, decor, and operational setup are included in the sales price, allowing for an immediate and seamless transition—whether continuing as a short-term rental or moving in and enjoying the home from day one. Whether you’re seeking a strong income-producing asset or a versatile Austin home with built-in earning potential, this property delivers an exceptional combination of design, location, and performance.

Neighborhood: Rainey Street District

This property is located in Rainey Street District, Austin, TX. The area is known for Historic Bungalow Bars, Lady Bird Lake Access, Luxury High-Rises, Skyline Views, Vibrant Nightlife.

At $666/sqft, this listing is priced 12% below the Rainey Street District median of $761/sqft.

Property Details

Interior

Systems & Utilities

Exterior & Lot

Parking

Community & HOA

Assigned Schools

Taxes & Legal

Frequently Asked Questions