$479,999

Property Overview

This modern high-rise residence at 48 East Avenue in Austin's Rainey Street District commands panoramic downtown and skyline views through floor-to-ceiling windows that flood the 706-square-foot open-concept layout with natural light. Built in 2021 within the Nativo community, this one-bedroom corner unit sits perfectly positioned between Austin's most vibrant nightlife corridor and direct access to the Lady Bird Lake hike-and-bike trail, offering the ultimate urban lifestyle in the heart of downtown. The thoughtfully designed interior features high ceilings, hardwood flooring, stone countertops, and integrated appliances throughout the eat-in kitchen, while the primary bedroom frames those same expansive city views from a serene retreat space.

Currently operating as a successful short-term rental, the unit presents immediate income potential for investors seeking passive returns in one of Austin's most sought-after neighborhoods. The property is priced at $680 per square foot, placing it eleven percent below the area median, while the full suite of building amenities—fitness center, resort-style pool, dog park, valet parking, and controlled access security—allows residents to embrace lock-and-leave convenience. The monthly HOA fee of $605 covers common area maintenance, insurance, and parking, making ownership straightforward.

Vox Real Estate Insight

The Rainey Street District continues to solidify itself as Austin's premier downtown destination, and this unit's established Airbnb track record makes it especially attractive to investors looking for turnover-ready assets. At Vox Real Estate, we recognize that properties combining proximity to Lady Bird Lake's outdoor amenities with access to the city's most active social scene rarely emerge at this price point, positioning 48 East Avenue #2005 as a compelling value in the market.

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 $680/sqft, this listing is priced 11% below the Rainey Street District median of $761/sqft.

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