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48 East Ave Unit #2801
Austin, TX, 78701
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2 bed, 2 bath, 1,121 sqft on 0.00 acres in Downtown Austin. Austin, TX 78701. $1,100,000. Austin ISD.
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
Verified property facts
48 East Ave Unit #2801 is listed at $1,100,000 with 2 bedrooms, 2 full bathrooms, 1,121 square feet, 0.00-acre lot. This places it above the ZIP 78701 single-family, condominium, and townhouse closed-sale median price of $585,000 (ZIP 78701 geography · single-family, condominium, and townhouse closed sales · median sale price · trailing 12 months as of Sep 24, 2026).
48 East Ave Unit #2801 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 #2801 is a Residential built in 2021 featuring 2 bedrooms, 2 full bathrooms, 1,121 square feet, 0.00-acre lot.
48 East Ave Unit #2801 is listed by Christie's Int'l Real Estate. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Apr 25, 2026.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
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Listing timeline 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 |
|---|---|---|---|---|
2025-26.6% | — | $853,354 | $64,448 | — |
2024+479.1% | — | $1,163,260 | $64,448 | $914,066 |
2023 | — | $200,859 | $64,448 | $1,098,812 |
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% ($220K)
Adjustable assumption - not a lending recommendation.
$1,100,000
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List price
$1,100,000
Price per sqft
$981/sqft
Vs. Neighborhood guide reference price
+25.7%
$875K · Downtown Austin neighborhood guide · reference price
Days on market
Not available
Original to current
$20K reduction
$1.1M original
Active inventory context
Ask for current inventory
Price Position in Downtown Austin
Listed 26% above the Downtown Austin neighborhood guide reference price. Downtown Austin neighborhood guide · reference price.
Source: MLS Grid / Unlock MLS and Keenan Group review as of Apr 25, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
48 East Ave Unit #2801 is priced at $981 per square foot across 1,121 sqft. The Downtown Austin neighborhood guide reference price is $875,000 (Downtown Austin neighborhood guide · reference price).
This page does not assume a mortgage rate or publish a monthly payment for 48 East Ave Unit #2801. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Apr 25, 2026, 48 East Ave Unit #2801 is offered at $1,100,000. The current MLS snapshot shows 219 active listings in 78701. Keenan Group has completed 12 verified transactions in 78701 within its 1,000+ completed transactions and $1B+ career volume across Austin. See Keenan Group's Downtown Austin guide for current neighborhood analysis.
48 East Ave Unit #2801 was built in 2021, making it 5 years old with relatively recent construction.
The MLS listing reports HOA or association dues of $996 monthly for 48 East Ave Unit #2801. It does not establish included amenities, services, rules, reserves, or current assessments; verify those items in current association documents.
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.
6 events on record
Current Price
$1,100,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-26.6% | — | $853,354 | $64,448 | — |
2024+479.1% | — | $1,163,260 | $64,448 | $914,066 |
2023 | — | $200,859 | $64,448 | $1,098,812 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
| Address | Sold Price |
|---|---|
| 1812 West Ave Unit #202 | $642K |
| 555 East 5th ST Unit #2809 | $785K |
Comparable homes that recently closed in this area
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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