48 EAST AVENUE #2801, AUSTIN, TX 78701
Homes for sale in Austin.
Homes for sale in 78701.
48 East Avenue #2801
Austin, TX 78701
List Price$1,100,000
Listing #2091790
2
Bedrooms
2 full
Bathrooms
1,121
Square Feet
Condo
Type
About This Property
A rare opportunity to own a premier, water-view, condo in the heart of Austin's highly sought-after Rainey Street District while also stepping into the operation of one of Natiivo's top-performing short-term rentals (STRs). In 2024, this property boasted an impressive 83% occupancy rate and generated a remarkable $96,000 in gross revenue. 1/1/2025-present, already at a 90% occupancy rate. Other similar units in the Natiivo building generate anywhere from $50-$60k in annual revenue. This means this particular unit outperforms. It has garnered over 130 Airbnb reviews with an outstanding 4.95 out of 5 star average rating. With Western-Facing Views this 28th floor condo offers incredible views of both the Lake and Austin Skyline. This two-bedroom, two-bathroom residence offered fully furnished, boasts an open-concept layout with modern kitchen and floor-to-ceiling windows in living room. The primary bedroom features a walk-in closet, en suite bathroom and a walk-in shower with chic all-black finishes. Floor-to-ceiling windows in both bedrooms lets natural light pour in. Enjoy morning coffee or evening cocktails on the oversized wrap-around terrace with views to the west and north--a prime spot to watch the sunset and fireworks over the water. If you are looking for a unit exclusively in this building, this is by far the best choice. The home is being sold completely turnkey. Additionally, it already has future bookings for 2025, ensuring a seamless transition for the new owner. As a high-end hotel, it allows owners the unique opportunity to reside part-time and lease their condos as a short-term rental with the service and luxury that comes with a hotel. Building amenities include a roof-top pool, state of the art gym, a 33rd-floor clubhouse, an outdoor terrace and garden, keyless entry, a yoga room, bike storage, a dog run, a pet washing station, concierge, security, and attached coffee shop on the ground floor! https://hdmediapartners.hd.pics/48-East-Ave
Property Features
Location Information
County
Travis
Subdivision
Natiivo
County
Travis
Directions
From Mopac, take exit towards Cesar Chavez. Turn Right onto S I-35 Frontage Rd. Drive toward East Ave. Building is on your Right. From S I-35, take exit 234A toward Cesar Chavez St/Holly St. Merge onto S I-35 Frontage Rd. Turn right onto River St, then Left onto East Ave. Building will be on your Right. Valet parking is available if you cannot find a parking spot.
Area
DT
Interior Features
Interior
Ceiling Fan(s), High Ceilings, Main Level Primary, No Interior Steps, Open Floorplan, Stone Counters
Floors
Tile, Wood
Primary Bedroom On Main
Yes
Laundry
In Unit, Washer Hookup, Dryer Hookup, Stacked
Full Baths
2
Disabled Features
See Remarks
Number of Fireplaces
0
Appliances
Built-In Electric Oven, Built-In Refrigerator, Cooktop, Washer/Dryer Stacked, Dishwasher, Freezer, Microwave
Heating
Central
Accessibility
See Remarks
Exterior Features
Style
Block, Glass, Concrete, Stone, Stucco
Garage Spaces
1
Stories
1
Fencing
None
Is New Construction
No
Has a Pool
Yes
Construction/Exterior
Block, Glass, Concrete, Stone, Stucco
Lot Size in Acres
0.002
Exterior
Balcony, Covered Courtyard, Uncovered Courtyard
Waterfront Description
See Remarks
Foundation
Slab
Has Waterfront
No
Possession
Closing & Funding
Has View
Yes
Water / Sewer
Public Sewer
View
City, Lake, Panoramic
Water
Public
Is One Story
Yes
Parking Description
Garage, Covered, Guest
School
Elementary School District
Austin ISD
Middle School
O Henry
Elementary School
Mathews
High School
Austin
Additional Information
Roof/Attic
Concrete
Status
Pending
Other Utilities
Cable Available, Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected
HOA Fee
$996
Association Name
HOA
HOA Frequency
Monthly
Property Type
CND
HOA Includes
Common Area Maintenance, Electricity, Maintenance Grounds, Maintenance Structure, Trash, Water
Property SubType
Condominium
Amenities
Concierge
Year Built
2021
Documents Available
HOA Documents, See Remarks
APN
02030329960000
Square Feet Source
Public Records
Similar Listings
Mortgage Calculator
$5,135
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$3,963
Monthly Tax
$916
Monthly Insurance
$256
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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