$490,000

Property Overview

This one-bedroom condominium at 48 East Ave captures the essence of modern urban living in Austin's Rainey Street District, featuring floor-to-ceiling windows that frame sweeping views of the Downtown skyline from a private balcony. The 641-square-foot residence showcases elegant hardwood flooring, a seamless glass shower, and high-end appliances throughout, arriving fully furnished and move-in ready. Positioned at $764 per square foot—nine percent below the neighborhood median—this property presents compelling value in one of Austin's most vibrant historic districts.

Located steps from Lady Bird Lake and the Ann and Roy Butler Hike & Bike Trail, residents enjoy immediate access to the eclectic dining and nightlife that defines Rainey Street, while maintaining proximity to Downtown Austin's employment and entertainment hubs. The building's amenities are exceptional, featuring a 33rd-floor rooftop retreat, 24-hour valet parking, and a one-car garage. The unit arrives with all furnishings, appliances, and utilities included, making this an attractive income-producing asset for investors considering Austin's robust short-term rental market.

Vox Residential Insight

The seller's rate buy-down offer and aggressive pricing signal genuine motivation to move this property, which presents an opportune entry point for investors or owner-occupants seeking Rainey Street exposure at below-market rates. The Vox Residential team recognizes the income potential here, especially given the fully furnished turnover-ready condition and building amenities that attract premium nightly rental rates in this highly desirable district.

Agent Description

Priced to sell, great unit with a view. Income-producing property, fully furnished and ready for short-term rentals. Great income potential. This condominium residence is boasting elegant hardwood flooring, a seamless glass shower, and expansive floor-to-ceiling windows that open onto a balcony with sweeping views of Downtown Austin. Nestled within the sought-after Rainey Street Historic District, it offers convenient access to an array of dining venues, vibrant bars, the serene Lady Bird Lake, and the scenic Ann and Roy Butler Hike & Bike Trail, all within walking distance. Additionally, it is just a few minutes away from downtown Austin. Included in the sale: one-car garage parking with 24-hour valet service, internet Wi-Fi, trash utilities, and high-end appliances such as a washer, dryer, refrigerator, TV, all furniture and silverware. Furthermore, residents enjoy a wealth of five-star amenities, including a 33rd-floor rooftop swimming pool and clubhouse, 10th-floor fitness facilities (comprising a fitness center, Peloton bike studios, outdoor workout area, and yoga studio), co-working spaces, a lobby coffee bar, outdoor terrace and garden with a rooftop fireplace, 24-hour valet parking, bike storage, a dedicated dog run, and a pet washing station. With a walk score of 84 and a transit score of 60, this condominium offers both convenience and luxury living.

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 $764/sqft, this listing is priced 8% below the Rainey Street District median of $830/sqft.

Property Details

Listing data last updated: May 19, 2026

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