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48 East Ave # 2801
Austin, TX, 78701
$1,120,000
2 Beds
2 Baths
1,121 SqFt
0 Acres
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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 Details

Price:
$1,120,000
MLS #:
2091790
Status:
Active
Beds:
2
Baths:
2
Address:
48 East Ave # 2801
Type:
Condo
Subtype:
Condominium
Subdivision:
Natiivo
City:
Austin
Listed Date:
May 25, 2025
State:
TX
Finished Sq Ft:
1,121
ZIP:
78701
Year Built:
2021
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Schools

School District:
Austin ISD
Elementary School:
Mathews
Middle School:
O Henry
High School:
Austin

Interior

Appliances
Built- In Electric Oven, Built- In Refrigerator, Cooktop, Dishwasher, Freezer, Microwave, Washer/ Dryer Stacked
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Flooring
Tile, Wood
Heating
Central

Exterior

Community Features
Business Center, Clubhouse, Common Grounds, Concierge, Conference/ Meeting Room, Controlled Access, Courtyard, Covered Parking, Creative Office Space, Fitness Center, Garage Parking, Lake, Lounge, Pool
Exterior Features
Balcony, C C T Y D, Uncovered Courtyard
Other Structures
None
Parking Features
Garage
Roof
Concrete

Financial

HOA Fee
$996
HOA Frequency
Monthly
HOA Includes
Common Area Maintenance, Electricity, Landscaping, Maintenance Grounds, Maintenance Structure, Trash, Water
HOA Name
HOA

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Community

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48 East Ave # 2801
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