48 East Avenue 2801, Austin, TX

$1,100,000

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2

Beds

2

Baths

1,121

Square feet

About 48 East Avenue 2801

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

Features of 48 East Avenue 2801

MLS® # 2091790
Price $1,100,000
Bedrooms 2
Bathrooms 2.00
Full Baths 2
Square Footage 1,121
Acres 0.00
Year Built 2021
Type Residential
Sub-Type Condominium
Status Active

Community Information

Address 48 East Avenue 2801
Area DT
Subdivision Natiivo
City Austin
County Travis
State TX
Zip Code 78701

Amenities

Amenities Concierge
Utilities Cable Available, Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected
Features Business Center, Bar/Lounge, Common Grounds/Area, Clubhouse, Courtyard, Conference/Meeting Room, Fitness Center, Lake, Pool, Concierge
Parking Garage, Covered, Guest
Garage Spaces 1
View City, Lake, Panoramic
Is Waterfront No
Waterfront See Remarks
Has Pool No

Interior

Interior Tile, Wood
Appliances Built-In Electric Oven, Built-In Refrigerator, Cooktop, Washer/Dryer Stacked, Dishwasher, Freezer, Microwave
Heating Central
Fireplace No
# of Stories 1
Stories One

Exterior

Exterior Features Balcony, Covered Courtyard, Uncovered Courtyard
Lot Description See Remarks
Roof Concrete
Construction Glass, Concrete, Stone, Stucco, Block
Foundation Slab

School Information

District Austin ISD
Elementary Mathews
Middle O Henry
High Austin

Additional Information

Date Listed May 25th, 2025
Days on Market 140
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeChristie's Int'l Real Estate
Contact Info(512) 368-8078

Listing Map

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