#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024
Experience elevated urban living at its finest in this stunning 2-bedroom, 1.5-bath residence perched on the 23rd floor of Natiivo Austin, a premier luxury condo tower in the vibrant Rainey Street District. Fully approved for short-term rentals (STR), this home presents a rare opportunity for investors and lifestyle buyers alike. Spanning over 1,000 square feet, the open-concept layout features floor-to-ceiling windows that fill the living and dining spaces with natural light and showcase breathtaking downtown Austin views. Step out onto your private balcony to enjoy morning coffee or sunset cocktails overlooking the skyline.
Inside, discover sleek, modern finishes, stainless-steel appliances, and two well-appointed bedrooms offering flexibility for guests or remote work. The half bath adds convenient functionality for entertaining.
As a resident, you’ll enjoy access to Natiivo’s unmatched amenities — a rooftop pool deck and outdoor lounge with fireplace, clubhouse on the 33rd floor, fitness center, Peloton studio, yoga space, lobby coffee bar, dog park, pet washing station, and bike storage.
Located just steps from Lady Bird Lake and the Ann & Roy Butler Hike & Bike Trail, this condo places you within walking distance of Rainey Street’s top dining, nightlife, and cultural destinations. With its unbeatable location, STR approval, and world-class amenities, 48 East Ave #2311 delivers both luxury living and exceptional income potential in the heart of downtown Austin.
Property Type
Residential
Year Built
2021
Lot Size
0.00 acres
$/Sq Ft
$898
HOA
$795/mo
Garage
1 spaces
Listed by Moreland Properties
Verified property facts
48 East Ave Unit #2311 is listed at $930,000 with 2 bedrooms, 1 full, 1 half bathrooms, 1,036 square feet, 0.00-acre lot. This places it above the 78701 median of $632,500.
48 East Ave Unit #2311 is zoned for Austin ISD with assigned schools: Mathews (10/10) (elementary), O Henry (middle), Austin (7/10) (high). School assignments should be verified directly with the district.
48 East Ave Unit #2311 is in Downtown Austin, Austin, Texas. See the full [Downtown Austin neighborhood guide](/neighborhoods/downtown-austin) for market data, schools, and lifestyle details.
48 East Ave Unit #2311 is a Residential built in 2021 featuring 2 bedrooms, 1 full, 1 half bathrooms, 1,036 square feet, 0.00-acre lot.
48 East Ave Unit #2311 is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Price Change with current price, original ask, and market time.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-8.5% | — | $983,968 | $59,917 | — |
2024+475.9% | — | $1,075,411 | $59,917 | $924,051 |
2023 | — | $186,732 | $59,917 | $1,015,494 |
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility. Ratings from GreatSchools.org.
20% ($186K)
$930,000
Luxury property intelligence
A sourced read on Downtown Austin pricing, timing, and property scale. No automated valuation claim.
List price
$930,000
Price per sqft
$898/sqft
Vs. Downtown Austin median
+6.3%
$875K median
Days on market
214 days
Original to current
No verified reduction
$930K original
Active inventory context
Ask for current inventory
Price Position in Downtown Austin
Listed 6% above the Downtown Austin median
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 16, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
48 East Ave Unit #2311 is priced at $898 per square foot across 1,036 sqft. The Downtown Austin median list price is $875,000.
The most recent annual property tax for 48 East Ave Unit #2311 is $19,500. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
With 20% down ($186,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 48 East Ave Unit #2311 is around $6,451 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $930,000, 48 East Ave Unit #2311 is in the Downtown Austin market where there are currently 221 active listings in 78701. The Keenan Group has completed 10 transactions in 78701 as part of 1,000+ career sales totaling $1B+ across Austin. For a detailed market analysis, see our [Downtown Austin guide](/neighborhoods/downtown-austin).
48 East Ave Unit #2311 was built in 2021, making it 5 years old with relatively recent construction.
48 East Ave Unit #2311 is part of a managed community with HOA dues of $795 monthly. HOA-managed communities in Austin's luxury market typically provide amenities such as common areas, security, and exterior maintenance. Verify current dues and rules with the HOA directly.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Downtown Austin is one of Austin's established neighborhoods, zoned for Austin ISD in the 78701 area. The Keenan Group has specialized in Downtown Austin real estate for 25+ years with 1,000+ career transactions. Contact (512) 415-7653 for current market conditions and available homes.
Source: Keenan Group at Compass Real Estate, #1 Austin Board of Realtors Team (2024)
Very Walkable
Good Transit
Biker's Paradise
Walk Score measures walkability based on distance to amenities. Transit Score measures public transportation access. Bike Score measures bikeability based on bike infrastructure and terrain.
14 events on record
Current Price
$930,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-8.5% | — | $983,968 | $59,917 | — |
2024+475.9% | — | $1,075,411 | $59,917 | $924,051 |
2023 | — | $186,732 | $59,917 | $1,015,494 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
Best Match
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Neighborhood guide and local insights
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.
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