$515,000

Property Overview

This modern condominium at 48 East Ave sits at the heart of Austin's most dynamic neighborhood, offering a rare opportunity to own a revenue-generating asset in the Rainey Street District. Built in 2021, the 706-square-foot unit combines contemporary finishes with floor-to-ceiling windows that frame expansive eastern skyline views, instantly transforming the living space into a light-filled sanctuary. The open layout features high ceilings and hardwood flooring throughout, while the kitchen showcases integrated Bosch appliances, white quartz countering, and a terrazzo-style backsplash that balances form and function. A comfortable dining nook with built-in seating creates an intimate gathering space without sacrificing the apartment's airy feel.

The bedroom enjoys the same generous window treatment, positioning occupants to appreciate Austin's glittering urban backdrop from a king-sized bed. Currently operating as a successful short-term rental, this property capitalizes on Rainey Street's position as Austin's premier entertainment corridor while remaining just steps from the Lady Bird Lake hike-and-bike trail. The location delivers unmatched walkability to historic bungalow bars, rooftop restaurants, and luxury high-rises that define this sought-after neighborhood. At $729 per square foot—12 percent below the area median—this offering represents compelling value in one of Austin TX's most prestigious addresses.

Vox Residential Insight

This property hits an attractive price point for investors seeking exposure to Rainey Street's proven short-term rental market, where the combination of location and pre-established revenue history creates immediate cash-flow potential. From our perspective at Vox Residential, units with existing operational histories and professional furnishings in this submarket typically move quickly given the limited inventory and sustained tourist demand.

Agent Description

Turn-Key Rainey Street Investment! Fully furnished and currently operating as a successful Airbnb, this 1 bedroom, 1 bathroom condo means having the Lady Bird Lake hike-and-bike trail and Austin’s most famous nightlife corridor right outside your front door. The main living area has floor-to-ceiling windows framing wide views of the eastern skyline, making the space feel expansive. High ceilings and hardwood flooring run throughout, connecting the different zones of the home. In the kitchen, you will find flat-panel cabinetry paired with a speckled terrazzo-style backsplash and white quartz counters. This cooking space is equipped with integrated Bosch appliances, including a smooth-top range and a French-door refrigerator that blends into the cabinetry. A small dining nook with a built-in bench is tucked just off the kitchen, creating a dedicated spot for meals. Moving into the bedroom, the large windows continue, offering a private look at the city from the king-sized bed. The en-suite bathroom features a double vanity with matte black hardware and a deep charcoal-tiled wall that stretches to the ceiling. Beyond the unit, the building provides a rooftop pool with private cabanas, a professional-grade fitness center with TRX trainers, and a residents' lounge. Located in the Rainey Street District, this condo is located less than a mile from the Austin Convention Center and the central business district. You are a short walk from Emmer & Rye and the Mexican American Cultural Center and ABIA is roughly ten miles away. This location puts you within reach of the best parks and dining in the Rainey Street District while maintaining a quick connection to the rest of Austin.

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 $729/sqft, this listing is priced 12% below the Rainey Street District median of $830/sqft.

Property Details

Listing data last updated: May 19, 2026

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