$315,000

Property Overview

This studio residence at 49 Navasota Street in East Austin's sought-after Holly neighborhood presents a compelling investment opportunity for those seeking income-generating potential in one of the city's most dynamic areas. Housed within Holly House, a thoughtfully designed 30-unit condotel community built in 2020, the unit features a clever lofted layout that maximizes its 449 square feet. The primary sleeping loft creates distinct separation from the main living area, while an additional loft space offers flexibility for a second sleeping zone—making this intimate footprint feel considerably more spacious than typical studio configurations. The property arrives fully furnished, eliminating setup time for immediate occupancy or rental deployment.

Holly House's HM zoning designation unlocks a significant regulatory advantage: short-term rental use without requiring a separate STR license, removing barriers that complicate investment decisions in Austin's evolving rental landscape. This property's walkable location delivers genuine neighborhood immersion just blocks from Rainey Street's entertainment corridor and minutes to Downtown and South Congress. East Austin's thriving cultural scene—anchored by galleries, acclaimed restaurants, and breweries—creates sustained demand from both visitors and residents. While priced above the area median at $702 per square foot, the combination of modern construction, furnished move-in readiness, and straightforward rental optionality positions this Navasota Street condo for investors prioritizing flexibility and location over traditional single-family ownership.

Agent Description

STR Allowed- Investor Friendly!! No STR License needed. Introducing Unit #205 at Holly House — a rare opportunity to own a fully furnished residence in Austin’s vibrant Holly neighborhood with exceptional flexibility. Located just blocks from Rainey Street and minutes to Downtown and South Congress, this boutique 30-unit condotel community offers the perfect blend of walkability and neighborhood charm. Zoned HM (Hotel-Motel), the property allows for short-term rental use without the need for a separate STR permit, providing true investment optionality with less regulatory uncertainty. While technically a studio, the layout lives much larger. The queen bed is thoughtfully positioned in a lofted sleeping area that feels private and separate from the main living space. An adjacent second loft offers the potential to create a second queen sleeping area — ideal for accommodating additional guests or families wanting to enjoy the city with the conveniences of a kitchen and added privacy. Unit #205 also offers the ease of turnkey ownership, conveying fully furnished and ready for immediate use as a short-term rental, lock-and-leave pied-à-terre, or both. Whether you’re seeking immediate income potential or a stylish Austin retreat near Rainey Street and Downtown, this residence delivers flexibility, convenience, and strong investment appeal in one of the city’s most dynamic locations. Additionally, the seller is offering Unit #201 for sale and is willing to sell both units together, presenting a unique opportunity for investors looking to acquire multiple assets within the same building. Check with Listing Agent for financing options.

Neighborhood: East Austin

This property is located in East Austin, Austin, TX. The area is known for Thriving Arts Scene, Top Restaurants & Breweries, Historic Homes, Modern New Construction, Cultural Diversity.

At $702/sqft, this listing is priced 38% above the East Austin median of $507/sqft.

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