




48 East Ave #2005, Austin, TX, 78701
About This Home
Turn-Key Rainey Street Investment! Fully furnished and currently operating as a successful Airbnb, this 1 bedroom, 1 bathroom condo means having the Lady Bird Lake hike-and-bike trail and Austin’s most famous nightlife corridor right outside your front door. The main living area has floor-to-ceiling windows framing wide views of the eastern skyline, making the space feel expansive. High ceilings and hardwood flooring run throughout, connecting the different zones of the home. In the kitchen, you will find flat-panel cabinetry paired with a speckled terrazzo-style backsplash and white quartz counters. This cooking space is equipped with integrated Bosch appliances, including a smooth-top range and a French-door refrigerator that blends into the cabinetry. A small dining nook with a built-in bench is tucked just off the kitchen, creating a dedicated spot for meals. Moving into the bedroom, the large windows continue, offering a private look at the city from the king-sized bed. The en-suite bathroom features a double vanity with matte black hardware and a deep charcoal-tiled wall that stretches to the ceiling. Beyond the unit, the building provides a rooftop pool with private cabanas, a professional-grade fitness center with TRX trainers, and a residents' lounge. Located in the Rainey Street District, this condo is located less than a mile from the Austin Convention Center and the central business district. You are a short walk from Emmer & Rye and the Mexican American Cultural Center and ABIA is roughly ten miles away. This location puts you within reach of the best parks and dining in the Rainey Street District while maintaining a quick connection to the rest of Austin.
Getting Around
Schools
Construction
Condition
- Property condition: Resale
- Year built: 2021
Materials
- Foundation: Slab
- Roof: Membrane
Type & Style
- Home type: Condo
- Property subType: Condominium
Interior
Appliances
- Appliances included: Cooktop,Dishwasher,Disposal,Electric Cooktop,Oven,Refrigerator
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 1
Features
- Ceiling Fan(s),High Ceilings,Stone Counters,Double Vanity,Eat-in Kitchen,Open Floorplan,Primary Bedroom on Main,Recessed Lighting
- Window features: Window Coverings
- Flooring: Tile,Wood
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total interior livable area: 706 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 02030329120000
- Attached to another structure: Yes
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Pool features: None
- Patio & porch: None
- Exterior features: None
- Fencing: None
- Has view: Yes
- View description: City,Downtown,Panoramic,River,Skyline
- Has water view: Yes
- Water view: River
- Waterfront features: None
Lot
- Lot size: 60.98 sqft
- Features: City Lot,Landscaped,Views
Parking
- Parking features: Garage,Valet
- Has garage: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hail
- Tornado
- Heat Wave
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters Across Texas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,543 | $30,516 |
| Home Insurance * | $250 | $3,000 |
| Property Taxes | $868 | $10,416 |
| Electricity | $238 | $2,859 |
| Total | $3,899 | $46,788 |
Income You'd Need if You Spent...
Texas FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-11 | Listed for sale | $515,000 |
| 2025-05-01 | Listing removed | $3,100 |
| 2025-04-11 | Listed for rent | $3,100 |
| 2025-03-14 | Listing removed | $3,100 |
| 2024-12-03 | Listed for rent | $3,100 |
