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ActiveMLS #9421327

48 East Ave # 2005, Austin TX 78701

Austin, TX 78701 · 48 East Condominiums

Condominium for sale in 48 East Condominiums

1Bedrooms
1Bathrooms
706Square Ft
0.00Acres
0Garage
2021Year Built
Price Reduced
1 / 30
$482,999$515,000

Overview

Property Description

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.

Financial Info
Price
$482,999
$ / Sqft
$684
HOA
Yes - Mandatory / $604.69 / Monthly
HOA Name
Nativo
HOA Includes
Common Area Maintenance, Insurance, Parking
Tax Rate
2.0465%
Est. Taxes
$11,651.91
Tax Year
2025
Exemptions
None
Legal Info
Address
48 East Ave # 2005
County
Travis
City
Austin
State
TX
Zip
78701
Subdivision
48 East Condominiums
Legal Description
48 EAST CONDOMINIUMS UNT 2005 0.3311%INT IN COMMON AREA
Parcel
02030329120000
Interior Features
Floor
Tile, Wood
Num Living
1
Dining
1
Kitchen
Eat-in Kitchen
Appliances
Cooktop, Dishwasher, Disposal, Electric Cooktop, Oven, Refrigerator
Laundry
In Unit, Laundry Closet
Master Bed
Double Vanity, Primary Bedroom on Main
Master Main
Yes
Interior Features
Ceiling Fan(s), High Ceilings, Stone Counters, Double Vanity, Eat-in Kitchen, Open Floorplan, Primary Bedroom on Main, Recessed Lighting, Smoke Detector(s), Window Coverings
General Info
Beds
1 Total / 1 Main Level
Full / Half Baths
1 / 0
Prop Type
Residential
Property Type
Condominium
Stories
1
Year Built
2021 / Resale
Square Feet
706 / Public Records
Garage Desc
Garage, Valet
Foundation
Slab
Roof
Membrane
Construction
Concrete
Acres
0.00
Lot Description
City Lot, Landscaped, Views
Restrictions
Deed Restrictions
Flood Plain
Yes-500 yr
View
City, Downtown, Panoramic, River, Skyline
Water Access
No
Waterfront
No
Area
DT
Utility Info
Water
Public
Sewer
Public Sewer
Utilities
Electricity Connected, Sewer Connected, Water Connected
Heat
Central
A C
Central Air
Exterior Features
Fence
None
Exterior Features
None
Pool On Property
No
Area Amenities
Common Grounds, Conference/Meeting Room, Controlled Access, Covered Parking, Dog Park, Fitness Center, Garage Parking, High Speed Internet, Lock and Leave, Lounge, Pool, VALET

Price history

Members only
Days on market
−$32,001 (−6.2%)
$515,000 → $482,999
24
Price reductions
Active
Since May 11, 2026
Price trend
List priceMay 2026Sep 2026
Property history25 events
DateEventPriceChange
Sep 12, 2026Price Decrease$482,999−$1,000 (−0.2%)
Sep 6, 2026Price Decrease$483,999−$1,000 (−0.2%)
Sep 2, 2026Price Decrease$484,999−$1,000 (−0.2%)
Aug 30, 2026Price Decrease$485,999−$1,000 (−0.2%)
Aug 27, 2026Price Decrease$486,999−$1,000 (−0.2%)
Aug 24, 2026Price Decrease$487,999−$1,000 (−0.2%)
Aug 23, 2026Price Decrease$488,999−$1,000 (−0.2%)
Aug 21, 2026Price Decrease$489,999−$1,000 (−0.2%)
Aug 19, 2026Price Decrease$490,999−$1,000 (−0.2%)
Aug 17, 2026Price Decrease$491,999−$1,000 (−0.2%)
Aug 15, 2026Price Decrease$492,999−$2,000 (−0.4%)
Aug 14, 2026Price Decrease$494,999−$2,000 (−0.4%)
Aug 12, 2026Price Decrease$496,999−$2,000 (−0.4%)
Aug 9, 2026Price Decrease$498,999−$1,000 (−0.2%)
Aug 7, 2026Price Decrease$499,999−$1,000 (−0.2%)
Aug 6, 2026Price Decrease$500,999−$1,000 (−0.2%)
Aug 4, 2026Price Decrease$501,999−$1,000 (−0.2%)
Aug 2, 2026Price Decrease$502,999−$1,000 (−0.2%)
Jul 26, 2026Price Decrease$503,999−$1,000 (−0.2%)
Jul 24, 2026Price Decrease$504,999−$2,000 (−0.4%)
Jul 17, 2026Price Decrease$506,999−$1,000 (−0.2%)
Jul 15, 2026Price Decrease$507,999−$1,001 (−0.2%)
Jun 26, 2026Price Decrease$509,000−$1,000 (−0.2%)
May 29, 2026Price Decrease$510,000−$5,000 (−1%)
May 11, 2026New Listing

Taxes

Tax data isn’t available for this property’s county yet.

Schools

School Info
District
Austin ISD
Elementary
Mathews
Middle
O Henry
High
Austin

Maps

Financing

Your preferences

  • 20% down
  • Conv/Jumbo
  • 30 years
  • 6.50% rate

Saved on this device

List price $482,999
Down payment
Stays 20% if you change the price
Note rate, not APR
From this listing’s tax record
*Estimated only (1% of price / yr)

Estimated monthly payment

$3,815 / mo

20% down · 6.50% interest · 30-year fixed

Estimated monthly payment $3,815

Principal & interest
$2,442
Property taxes
$971
Homeowners insurance
$402

*PITI only

These figures are estimates for general information only — not a loan offer, a quote, or a guarantee of financing terms.

Principal, interest and balance for each year
YearStarting balancePrincipal paidInterest paidEnding balancePrincipal vs interest
1$386,399$4,319$24,989$382,080
2$382,080$4,608$24,700$377,472
3$377,472$4,917$24,391$372,555
4$372,555$5,246$24,062$367,309
5$367,309$5,597$23,710$361,712
6$361,712$5,972$23,335$355,740
7$355,740$6,372$22,935$349,368
8$349,368$6,799$22,509$342,569
9$342,569$7,254$22,053$335,314
10$335,314$7,740$21,568$327,574
  • Year 1$382,080
    Principal paid
    $4,319
    Interest paid
    $24,989
    Starting balance
    $386,399
  • Year 2$377,472
    Principal paid
    $4,608
    Interest paid
    $24,700
    Starting balance
    $382,080
  • Year 3$372,555
    Principal paid
    $4,917
    Interest paid
    $24,391
    Starting balance
    $377,472
  • Year 4$367,309
    Principal paid
    $5,246
    Interest paid
    $24,062
    Starting balance
    $372,555
  • Year 5$361,712
    Principal paid
    $5,597
    Interest paid
    $23,710
    Starting balance
    $367,309
  • Year 6$355,740
    Principal paid
    $5,972
    Interest paid
    $23,335
    Starting balance
    $361,712
  • Year 7$349,368
    Principal paid
    $6,372
    Interest paid
    $22,935
    Starting balance
    $355,740
  • Year 8$342,569
    Principal paid
    $6,799
    Interest paid
    $22,509
    Starting balance
    $349,368
  • Year 9$335,314
    Principal paid
    $7,254
    Interest paid
    $22,053
    Starting balance
    $342,569
  • Year 10$327,574
    Principal paid
    $7,740
    Interest paid
    $21,568
    Starting balance
    $335,314
First 10 of 30 years

Nearby

Courtesy of eXp Realty, LLC · (888) 519-7431

Listings courtesy of ACTRIS as distributed by MLS GRID.