$507,999

Property Overview

This sophisticated 706-square-foot condo at 48 East Ave sits at the heart of Rainey Street District's most coveted location, where the Lady Bird Lake hike-and-bike trail meets Austin's legendary nightlife. Floor-to-ceiling windows flood the space with natural light and frame expansive eastern skyline views, while soaring ceilings and hardwood flooring create an airy, connected living experience. The open layout flows seamlessly from the high-end kitchen—featuring integrated Bosch appliances, white quartz counters, and a striking terrazzo-style backsplash—to a dedicated dining nook with built-in seating.

The bedroom commands its own commanding city vistas, while the spa-like en-suite bath completes this thoughtfully designed residence. Built in 2021 with contemporary finishes throughout, this condo has established itself as a successful short-term rental investment, offering both lifestyle appeal and demonstrated income potential. Positioned at $720 per square foot, this property represents strong value in a neighborhood commanding $800 average pricing, delivering direct access to Austin's most vibrant dining, entertainment, and outdoor recreation without compromise.

Vox Residential Insight

The Rainey Street District continues to attract investors and residents alike, and this East Ave location offers rare proximity to both the outdoor corridor of Lady Bird Lake and the urban energy that defines the neighborhood's character. From the Vox Residential perspective, properties of this caliber and price point tend to move quickly once positioned correctly, particularly those already operating successfully as short-term rentals.

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 $720/sqft, this listing is priced 10% below the Rainey Street District median of $800/sqft.

Property Details

Listing data last updated: July 16, 2026

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