48 East Ave #3005

Austin, TX 78701

About this property

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.

About this property

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.

Features and Additional Information

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$519,900 Active
1 Bed
1
Bath
706 sqft

Presented By Coldwell Banker Commercial Gateway

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Get in touch today! Phone: 1-956-937-2930
Brokerage
Rudder Realty, Inc.
1-512-585-9520
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Area Information

DT | Travis County | Natiivo

$ 519,900
This listing is play_arrow 28.5% lower than the average in the area
$ 727,450 in the area
706 SqFt
This listing is play_arrow 24.7% smaller than the average in the area
938 SqFt in the area
$ 736 $/SqFt
This listing is play_arrow 5.0% less than the average in the area
$ 775 $/SqFt in the area
193 days on site
This listing is play_arrow 131.1% above the average in the area
84 days on site in the area

Schools in the Area

  • turned_in
    Elementary School
    Mathews
  • turned_in
    Middle School
    O Henry
  • turned_in
    High School
    Austin
Listed By Aaron Farmer
Brokerage: Rudder Realty, Inc.

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