View from living area and patio door to wrap around deck | Image 1

$1,120,000

2801 - 48 East Ave, Austin, TX

Condo

For Sale

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221

Key Facts
Description
Map

Key Facts

Type Condominium

Levels Residential

Size 1121 sqft

Garage Yes

Maintenance Fees $1,311

Taxes

Days Active 0

Approx. Age 2021

Avg. Price Per Sqft $999

MLS® Number 2091790

Property Address:

Average square foot calculated using Size range provided by listing agent.

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-AveShow Description

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MLS® Number2091790

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry LevelIn Unit, Washer Hookup, Dryer Hookup, Stacked

Exposure

ExteriorBalcony, Covered Courtyard, Uncovered Courtyard

GarageYes

Approx. Age2021

Stories

Pets

Corp Number

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

HeatCentral

A/CCentral Air

Heating Fuel

Extras

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