48 East Ave Unit #1604, Austin, TX 78701

****UNIQUELY DESIGNED / DECORATED UNIT*** Unique opportunity to own a luxury condo in building with a hotel license. Option to buy 12+ units in the building as a portfolio purchase which could all be operating day one of purchase with no down time. This exceptional, fully furnished 1-bedroom condo offers a rare opportunity to own a high-performing short-term rental that also lives beautifully as a primary residence or second home. Thoughtfully designed with both guest experience and everyday comfort in mind, the home blends striking aesthetics with functional, livable space. The layout is ideal for both hosting and daily life, featuring spacious bedrooms, inviting common areas, and seamless indoor-outdoor flow. The outdoor space serves as a true centerpiece—perfect for entertaining, relaxing, and enjoying Austin’s year-round lifestyle. Optimized for group travel, the property includes design elements and amenities that consistently drive strong demand, premium nightly rates, and excellent guest reviews. Its prime location—just minutes from the airport and a short drive to downtown, Rainey Street, and East Austin’s top dining and entertainment—makes it highly attractive to guests while remaining convenient for full-time living. Offered fully turnkey, all furnishings, decor, and operational setup are included in the sales price, allowing for an immediate and seamless transition—whether continuing as a short-term rental or moving in and enjoying the home from day one. Whether you’re seeking a strong income-producing asset or a versatile Austin home with built-in earning potential, this property delivers an exceptional combination of design, location, and performance.

Downtown Austin runs from the Colorado River north to the Capitol, bounded by I-35 to the east and Lamar to the west. It is the densest residential market in Central Texas with high-rise condos, historic lofts, and luxury towers concentrated in distinct sub-districts.

The Seaholm District anchors the west end with the Seaholm Residences and the new Google tower reshaping the skyline. Rainey Street sits along the lake's north shore - what was a street of bungalow bars is now flanked by 40-story residential towers including 70 Rainey and The Lakeshore. The Warehouse District between 3rd and 6th Streets draws buyers who want walkable nightlife and restaurant access. Congress Avenue bisects downtown and remains the civic spine connecting the Capitol to the lake.

The Austonian (56 floors), The Independent (58 floors), and 360 Condominiums are the marquee towers. Newer projects like Sixth & Guadalupe and The Republic continue adding inventory. Price points range from $400K studio condos to $5M+ penthouses with lake and Hill Country views.

Walk Score averages 95+. The MetroRail Red Line stops at downtown station. Major employers including the State of Texas, UT Austin, and a growing tech presence (Google, Meta, Apple satellite offices) generate consistent housing demand. Nightlife, dining, live music, and Lady Bird Lake hike-and-bike trail are all within walking distance.

Buyers here are typically professionals, empty nesters downsizing from suburban estates, investors, and out-of-state relocations drawn to Austin's urban core. HOA fees range from $400/month in older buildings to $2,000+ in full-service towers. Most buildings include concierge, pool, fitness center, and secure parking.