Active Under Contract Condo MLS# ACT9561075

48 East Ave #3005

Austin, TX 78701

$495,000

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Take the tour

About 48 East Ave #3005

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.

Property details

Property

Type
Condominium
MLS type
Residential
Status
Active Under Contract
Year built
2021
Stories
One
Living area
706 sqft
Price / sqft
$701
Lot
0.0014 AC / 60 SF
Full baths
1
Original price
$519,900
MLS #
9561075

Interior

Features
Built-in Features, Ceiling-High, Corian Counters, Double Vanity, Primary Bedroom on Main, Walk-In Closet(s)
Appliances
Cooktop, Dishwasher, Disposal, Dryer, Electric Cooktop, Oven, Electric Oven, RNGHD, Refrigerator, Free-Standing Refrigerator, Washer, Washer/Dryer, Washer/Dryer Stacked
Flooring
Wood
Heating
Central
Cooling
Central Air
Laundry
In Unit,Inside,Main Level
Windows
Blinds

Exterior & lot

Features
Barbecue, Electric Car Plug-in
Roof
Flat Tile
Foundation
Slab
View
Downtown, Panoramic
Garage spaces
1

Schools

District
Austin ISD
Elementary
Mathews
Middle
O Henry
High
Austin

Utilities

Utilities
Cable Connected, Electricity Connected, High Speed Internet, Water Connected
Water
Public
Sewer
Public Sewer
Security
Building Security, Fire Sprinkler System

Financial

HOA
Yes
Annual tax
$9,350
Tax year
2025
Parcel
02030330220000
Legal
48 EAST CONDOMINIUMS UNT 3005 0.3311%INT IN COMMON AREA
Special conditions
Standard

Location

Subdivision
Natiivo
County
Travis
Directions
Go south on the I35 frontage road from Cesar Chavez. The when the road forks stay right. At the light turn right then left on East.

Location

Neighborhood
Natiivo

Ask about this property

Questions on 48 East Ave #3005, or want to see it in person?

Listed by Aaron Farmer, Rudder Realty, Inc.

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.