$549,999

Property Overview

This 22nd-floor condominium at 48 East Ave offers a rare investment opportunity in Austin, TX's most dynamic neighborhood. Situated in the only downtown building in the Rainey Street District that permits short-term rentals, this residence combines personal retreat with revenue-generating potential. Ten-foot ceilings and expansive floor-to-ceiling windows flood the 742-square-foot interior with natural light, framing striking city views of the Austin skyline. The European-style kitchen features sleek cabinetry, stainless steel appliances, and floating shelves that blend form and function, while the spa-like bathroom showcases a glass-enclosed shower and designer fixtures.

The thoughtfully designed bedroom provides a serene sanctuary, opening to a private balcony ideal for morning coffee or evening wind-downs. Residents enjoy resort-caliber amenities including a rooftop pool with panoramic vistas, shaded cabanas, a fireplace lounge, and a state-of-the-art fitness center. The location places owners steps from Lady Bird Lake's green spaces, historic bungalow bars, and the vibrant nightlife that defines Rainey Street. Priced at $549,999—13% below the neighborhood's median per-square-foot rate—this property delivers luxury finishes and hospitality-grade infrastructure at compelling value for buyers seeking downtown Austin living with income-generating flexibility.

Agent Description

Nestled in the only downtown Austin building that permits short-term rentals, this spectacular 22nd-floor condo is ideal for both personal use and investment opportunity. Boasting 10-foot ceilings and expansive floor-to-ceiling windows, the space is bathed in natural light while providing beautiful city views. The European-style kitchen showcases sleek modern cabinetry, stainless steel appliances, elegant floating shelves, and high-end fixtures. The bedroom features a luxurious king-size bed, creating an ideal sanctuary for rest. Step outside to a private balcony for a breath of fresh air. The gorgeous bathroom features a glass-enclosed shower, designer fixtures, and exquisite tiled walls in the wet area. Experience resort-style living with access to the rooftop swimming pool, offering panoramic downtown views, shaded cabanas, outdoor lounge areas, a cozy rooftop fireplace, and a vibrant clubhouse. The state-of-the-art fitness center caters to all fitness levels, with dedicated spaces for yoga, an outdoor workout area, and top-tier equipment. Downstairs, enjoy the cafe bar and lounge area near the lobby, with a full-time concierge at your service. Venture out to explore world-class dining, entertainment, and live music venues in the lively Rainey Street Historic District or unwind along the Lady Bird Lake Hike and Bike Trail, just steps away. Additional amenities include 24-hour valet parking, bike storage, co-working spaces, keyless entry, and much more.

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 $741/sqft, this listing is priced 11% below the Rainey Street District median of $830/sqft.

Property Details

Listing data last updated: May 19, 2026

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