$485,000

Property Overview

This one-bedroom condominium at 48 East Ave commands attention with its floor-to-ceiling windows framing unobstructed Downtown Austin skyline views from a private balcony. Located in the Rainey Street District, one of Austin's most vibrant neighborhoods, the unit showcases elegant hardwood flooring, a seamless glass shower, and high-end finishes throughout its 641 square feet. The building's 33rd-floor rooftop pool and 10th-floor fitness center provide resort-style amenities steps away from historic bungalow bars, Lady Bird Lake, and the Ann and Roy Butler Hike & Bike Trail.

Positioned 6% below the area median price per square foot, this fully furnished property presents compelling economics for investors. The sale includes one-car garage parking with 24-hour valet service, premium appliances, all furnishings, and utilities, creating an immediately income-producing asset ready for short-term rental management. Walking distance to Rainey Street's dining and nightlife scene, combined with proximity to downtown Austin's urban core, makes this condominium an attractive option for those seeking lifestyle and investment potential in one of the city's most sought-after historic districts.

Vox Real Estate Insight

The Rainey Street District continues to attract investors seeking mixed-use living and rental income, and this property's turnkey furnished status with included parking valet service removes typical management friction. At Vox Residential, we recognize that well-positioned units in this neighborhood with skyline views remain strong performers in the short-term rental market while offering authentic neighborhood walkability that buyers increasingly value.

Agent Description

Priced to sell, great unit with a view. Income-producing property, fully furnished and ready for short-term rentals. Great income potential. This condominium residence is boasting elegant hardwood flooring, a seamless glass shower, and expansive floor-to-ceiling windows that open onto a balcony with sweeping views of Downtown Austin. Nestled within the sought-after Rainey Street Historic District, it offers convenient access to an array of dining venues, vibrant bars, the serene Lady Bird Lake, and the scenic Ann and Roy Butler Hike & Bike Trail, all within walking distance. Additionally, it is just a few minutes away from downtown Austin. Included in the sale: one-car garage parking with 24-hour valet service, internet Wi-Fi, trash utilities, and high-end appliances such as a washer, dryer, refrigerator, TV, all furniture and silverware. Furthermore, residents enjoy a wealth of five-star amenities, including a 33rd-floor rooftop swimming pool and clubhouse, 10th-floor fitness facilities (comprising a fitness center, Peloton bike studios, outdoor workout area, and yoga studio), co-working spaces, a lobby coffee bar, outdoor terrace and garden with a rooftop fireplace, 24-hour valet parking, bike storage, a dedicated dog run, and a pet washing station. With a walk score of 84 and a transit score of 60, this condominium offers both convenience and luxury living.

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 $757/sqft, this listing is priced near the Rainey Street District median of $785/sqft.

Property Details

Interior

Systems & Utilities

Exterior & Lot

Parking

Community & HOA

Assigned Schools

Taxes & Legal

Frequently Asked Questions