Property Overview

This contemporary one-bedroom condominium at 48 East Ave sits in the heart of Austin's most dynamic neighborhood, the Rainey Street District, where historic bungalow bars meet modern luxury living. Unit 1705 captures the essence of downtown Austin living with immediate proximity to Lady Bird Lake's Hike & Bike Trail, world-class dining, and the district's vibrant nightlife—all within walking distance. Priced at $520,000, this residence represents exceptional value at $694 per square foot, approximately 19% below the area median, offering savvy buyers an entry point into this sought-after urban corridor.

The 749-square-foot residence thrives within a resort-caliber building designed for both residents and investors. A rooftop pool with cabanas, state-of-the-art fitness center featuring Peloton bikes, and a dedicated 10th-floor dog park with private wash station define the amenities. The building's rooftop club room with full kitchen, lobby coffee shop and bar, co-working lounge, plus 24-hour concierge and valet services create a lifestyle that extends well beyond the unit itself. The property's short-term rental-friendly designation appeals to those seeking income potential alongside personal use flexibility, making it an attractive option for Austin's diverse buyer pool.

Agent Description

Located in the heart of downtown Austin, #1705 offers unmatched access to the city’s most exciting destinations—just steps from Rainey Street, the Lady Bird Lake Hike & Bike Trail, and a variety of renowned dining and entertainment options. This property is short-term rental friendly and easy to lease, making it an ideal choice for both investors and those seeking a flexible city lifestyle. Residents enjoy an array of resort-style amenities, including a rooftop pool with cabanas, a fully equipped fitness center with three Peloton bikes, 24-hour concierge service, valet parking, and exclusive owner privileges. Additional features include a co-working lounge, a rooftop club room with a full kitchen, a stylish coffee shop/bar in the lobby, and a dedicated 10th-floor dog park complete with a private dog wash station. Whether you're looking for a vibrant place to live or a turn-key income property, #1705 delivers luxury, convenience, and the best of Austin right at your doorstep.

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 $694/sqft, this listing is priced 18% below the Rainey Street District median of $849/sqft.

Property Details

Listing data last updated: March 25, 2026

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