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48 East Ave #2005, Austin, TX, 78701

1beds
1baths
706sqft
$502,999
$712price/sqft
$3,899/moest. monthly cost
$155,960/yrincome needed

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

86
WalkingVery Walkable
57
TransitGood Transit
96
BikeBiker's Paradise

Schools

10/10
Mathews Elementary SchoolGrades PK-62.0 mi
6/10
O Henry Middle SchoolGrades 6-82.9 mi
7/10
Austin High SchoolGrades 9-122.0 mi

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
    HailRelatively High
  • Tornado
    TornadoRelatively High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Hail
Tornado
Heat Wave
Inland Flooding

FEMA Declared Disasters Across Texas Counties

Flood
Severe Storm
Straight Line Winds
Winter Storm

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

MonthlyAnnual
Mortgage $2,543$30,516
Home Insurance *$250$3,000
Property Taxes $868$10,416
Electricity $238$2,859
Total$3,899$46,788
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$133,680/yr
40% on housing$116,970/yr
45% on housing$103,973/yr

Texas FAIR Plan Programs

Texas FAIR Plan Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

Texas Windstorm Insurance Association

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 126,680Commercial: -4
Total Premiums$237.28M
Total Exposure$32.93B

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.

Insurance Growth Rate5-year average: 6.4%
6.4%
0%30.0%
Electricity Growth Rate10-year average: 3.8%
3.8%
0%15.0%
Property Taxes Growth Rate2-year average: 0.1%
0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$712This listing

vs Other Active Listings

Avg $/sqft

ZIP 78701$457
Travis County$334

vs Homes Sold Last Month

Median $/sqft

ZIP 78701$618
Travis County$233

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

DateEventPrice
2026-05-11Listed for sale$515,000
2025-05-01Listing removed$3,100
2025-04-11Listed for rent$3,100
2025-03-14Listing removed$3,100
2024-12-03Listed for rent$3,100

For Sale by Agent

AgentLourde-Quincy Vasser
BrokerageeXp Realty, LLC

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