$495,000

Property Overview

This 17th-floor condominium at 48 East Ave in the Rainey Street District combines proven income potential with contemporary urban living in Austin's only STR-approved high-rise. The one-bedroom residence features floor-to-ceiling windows framing skyline views, an open-concept layout, and a modern kitchen with European cabinetry and premium appliances. Already established as an active Airbnb with strong guest history, the property transfers with its management structure intact, offering immediate earning potential for the next owner.

Located in downtown Austin's most vibrant neighborhood, this unit sits steps from historic bungalow bars, Lady Bird Lake access, and the neighborhood's renowned nightlife scene. Residents enjoy building amenities including a rooftop pool with cabanas and full fitness facilities. At $708 per square foot, the property sits 17 percent below the area median, positioning it as an attractive value in this high-demand market.

A distinctive advantage emerges with the neighboring unit also currently available, presenting flexibility to expand the footprint, consolidate management, or explore long-term appreciation. The thoughtfully furnished interior and plug-and-play operational setup make this an exceptional opportunity for investors seeking immediate cash flow in one of Austin's most sought-after locations.

Vox Residential Insight

The Vox Residential team recognizes that STR-approved high-rises in the Rainey Street District represent a rare investment class in Austin, and this property's 17 percent pricing advantage below comparable comps, combined with its active income stream and potential to pair with the adjacent unit, creates compelling flexibility for ownership structures ranging from pure investor plays to owner-occupied hybrid models. The below-market positioning relative to neighborhood fundamentals reflects a genuine opportunity in a location where both residential and hospitality demand continue strengthening.

Agent Description

Income-producing, fully furnished, and already dialed in for short-term rental success in downtown Austin’s only STR-approved high-rise. An added advantage here: the neighboring unit 1706 next door is also available, creating a unique opportunity to expand, streamline management, or explore a larger combined layout for increased flexibility and long-term upside. This 17th-floor residence is currently operating as an active Airbnb with strong guest history and a management structure that can transfer to the next owner. It’s a true plug-and-play setup with immediate earning potential from day one. The interior leans modern and efficient, with floor-to-ceiling windows, an open-concept layout, and a sleek kitchen outfitted with European-style cabinetry and premium appliances. The furnishings and finishes are intentionally selected to perform well for both guests and owners. At Natiivo, ownership comes with a hospitality-driven experience including a rooftop pool with cabanas, fitness center with yoga and Peloton studios, co-working lounges, café and bar, plus 24-hour concierge and valet service. Set just off Rainey Street and moments from Lady Bird Lake, the location continues to drive strong rental demand with walkable access to Austin’s top dining, nightlife, and outdoor spaces.

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 $708/sqft, this listing is priced 15% below the Rainey Street District median of $830/sqft.

Property Details

Listing data last updated: May 19, 2026

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