$519,900

Property Overview

Perched on the 30th floor of a contemporary high-rise in Austin's Rainey Street District, this one-bedroom condominium captures panoramic east-facing views of the downtown skyline and Lady Bird Lake that greet residents with sunrise vistas framed by expansive windows. The open-concept layout flows seamlessly from the modern kitchen—appointed with stainless steel appliances and generous storage—through to the primary suite, where the ensuite bath features dual vanities and an oversized walk-in shower. High ceilings, recessed lighting, and luxury vinyl plank flooring throughout reinforce the clean, sophisticated aesthetic that appeals to both full-time residents and investors.

Currently operating as a proven short-term rental asset, the property delivered approximately 80% occupancy in 2025 with 291 nights booked, demonstrating consistent market demand in this sought-after neighborhood. The flexibility to generate rental income during periods away makes this 706-square-foot residence an attractive lock-and-leave investment positioned at thirteen percent below the area's median price per square foot.

This East Ave address places owners steps from Rainey Street's historic bungalow bars, Lady Bird Lake's outdoor recreation, and Austin's vibrant nightlife—all while maintaining direct access to downtown's luxury amenities and dining scene. The combination of proven income potential, modern finishes, and prime walkable location defines this condo's appeal in the heart of Austin, TX.

Agent Description

30th-floor, east-facing condo in the heart of downtown Austin’s Rainey Street District — fully licensed and operating as a successful short-term rental. An ideal lock-and-leave second home with the flexibility to generate income when you're away. In 2025, the unit achieved 291 nights booked (approximately 80% occupancy), demonstrating strong, consistent demand in one of Austin’s most vibrant neighborhoods. Expansive windows frame stunning sunrise views of the city skyline and Lady Bird Lake, filling the open-concept layout with natural light. High ceilings, recessed lighting, crisp white walls, and warm luxury vinyl plank flooring create a clean, modern aesthetic. The kitchen features stainless steel appliances, open shelving, and generous cabinet storage. The spacious primary suite captures panoramic city and lake views and includes a spa-inspired ensuite bath with dual vanities and an oversized walk-in shower. Ample closets and storage enhance everyday comfort and functionality. Residents enjoy resort-style amenities including a rooftop pool with skyline views, state-of-the-art fitness center, game room, dog park, and lobby coffee shop. Valet parking is complimentary for owners with a parking pass, adding convenience and ease for both personal use and guests. Walk to Rainey Street’s top restaurants, live music, and nightlife, plus direct access to Lady Bird Lake hike-and-bike trails and kayak rentals. Minutes to UT, the Capitol, metro rail, and Austin-Bergstrom International Airport. Experience elevated downtown living with flexibility, convenience, and iconic Austin energy right outside your door.

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 $736/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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