48 East Ave #2801, Austin, TX 78701 - MLS#2091790

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Spencer Wheelwright

[email protected] +1(512) 944-8553

$1,100,000

Est. payment - /mo

2 Beds

2 Baths

1,121 SqFt

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Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 1,121 sqft

Price per Sqft $981

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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Listed by Christie's Int'l Real Estate

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Spencer Wheelwright

+1(512) 944-8553

Broker Associate | License ID: 667574

Broker Associate License ID: 667574

48 East Ave #2801 Austin, TX 78701

Spencer Wheelwright

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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