48 East Ave #2801 new Save Request In-Person Tour Request Virtual Tour
Austin,TX 78701
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 1,121 sqft
Price per Sqft $999
Subdivision Natiivo
MLS Listing ID 2091790
Style See Remarks
Bedrooms 2
Full Baths 2
HOA Fees $996/mo
HOA Y/N Yes
Year Built 2021
Tax Year 2024
Lot Size 95 Sqft
Acres 0.0022
Property Sub-Type Condominium
Source actris
Property Description
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
Location
State TX
County Travis
Rooms
Main Level Bedrooms 2
Interior
Interior Features Ceiling Fan(s),High Ceilings,Stone Counters,No Interior Steps,Open Floorplan,Primary Bedroom on Main,Stackable W/D Connections
Heating Central
Cooling Central Air
Flooring Tile,Wood
Fireplace No
Appliance Built-In Electric Oven,Built-In Refrigerator,Cooktop,Dishwasher,Freezer,Microwave,Washer/Dryer Stacked
Exterior
Exterior Feature Balcony,CCTYD,Uncovered Courtyard
Garage Spaces 1.0
Fence None
Pool See Remarks
Community Features Business Center,Clubhouse,Common Grounds,Concierge,Conference/Meeting Room,Controlled Access,Courtyard,Covered Parking,Creative Office Space,Fitness Center,Garage Parking,Lake,Lounge,Pool
Utilities Available Electricity Connected,High Speed Internet,Sewer Connected,Water Connected
Waterfront Description See Remarks
View City,Downtown,Lake,Panoramic,Skyline
Roof Type Concrete
Porch Wrap Around
Total Parking Spaces 1
Private Pool No
Building
Lot Description See Remarks
Faces West
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Block,Concrete,Glass,Stone,Stucco
New Construction No
Schools
Elementary Schools Mathews
Middle Schools O Henry
High Schools Austin
School District Austin Isd
Others
HOA Fee Include Common Area Maintenance,Electricity,Landscaping,Maintenance Grounds,Maintenance Structure,Trash,Water
Special Listing Condition Standard
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