1. Texas
2. Austin
3. 48 East Ave 2801

48 East Ave 2801, Austin, TX 78701

• 2 beds |
• 2 baths |
• 1,121 sqft

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

Listing Status:

Active

Listing Office:

Christie's Int'l Real Estate : (512) 368-8078

Listing Agent:

Beth Sher : (512) 917-2929

MLS ID:

2091790

Interior

• General: Ceiling Fan(s)High CeilingsStone CountersNo Interior StepsOpen FloorplanPrimary Bedroom on MainStackable W/D Connections
• Appliances: Built-In Electric OvenBuilt-In RefrigeratorCooktopDishwasherFreezerMicrowaveWasher/Dryer Stacked
• Laundry: In Unit
• Flooring: TileWood
• A/C: Central Air
• Heating: Central
• Fireplace: Fireplaces: 0
• Eco/Green Feature: See RemarksOther/See Remarks

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Beth Sher, Christie's Int'l Real Estate