$1,349,000
SOLD MAR 3, 2025
Last list price
2 Beds
2 Baths
1,277 Sq Ft
$1,396/mo HOA Fee

Recently Sold

$1,056 Per Sq Ft

27 Days on Market

Highlights

  • Concierge
  • Lake Front
  • Rooftop Deck
  • Mathews Elementary School Rated A
  • Fitness Center
  • Downtown View

About This Home

As of March 2025

This property offers 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 95% occupancy rate and generated a remarkable $120,000 in gross revenue, with projections to exceed $140,000 in 2025. Other, similar units in the Natiivo building generate anywhere from $50-$60k in annual revenue. This means this particular unit outperforms others by over 100%! It has also has garnered over 100 Airbnb reviews with an outstanding 4.94/5-star average rating. There is no question, if you are looking for a unit exclusively in this building, this is by far the best choice.

Because of the proven income by this property, options for information on DSCR and/or IO loans are available upon request.

The home is being sold completely turnkey, including approximately $100,000 worth of upgrades from the standard, builder-grade units and high-quality furniture and home goods purchased just a year ago. Additionally, it already has thousands in future bookings for 2025, ensuring a seamless transition for the new owner.

Notable features include a state-of-the-art lighting system, upgraded countertops and island, stereo system, as well as complete furnishings. Building amenities include a pool, gym, reception, outdoor lounge, dog walk, co-working spaces, indoor lounge and kitchen, and attached coffee shop on the ground floor!

Don’t miss out on this exceptional opportunity. Contact the listing agent for more information!

Last Agent to Sell the Property

Dylan Haines

Compass RE Texas, LLC Brokerage Phone: (512) 633-0864 License #0695589 Listed on: 01/01/2025

Compass RE Texas, LLC

Last Buyer's Agent

Dylan Haines

Compass RE Texas, LLC Brokerage Phone: (512) 633-0864 License #0695589 Listed on: 01/01/2025

Compass RE Texas, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $21,118

Year Built

  • Built in 2021

Lot Details

  • Lake Front
  • West Facing Home
  • Property is in good condition

HOA Fees

  • $1,396 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Community Parking Structure

Property Views

  • Hills

Home Design

  • Slab Foundation
  • Concrete Roof
  • Concrete Siding

Interior Spaces

  • 1,277 Sq Ft Home
  • 1-Story Property
  • Sound System
  • High Ceiling
  • Recessed Lighting
  • Track Lighting
  • Window Treatments
  • Smart Home
  • Stacked Washer and Dryer

Kitchen

  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Quartz Countertops
  • Disposal

Flooring

  • Wood
  • Tile
  • Terrazzo

Bedrooms and Bathrooms

  • 2 Bedrooms | 1 Primary Bedroom on Main
  • Walk-In Closet
  • 2 Full Bathrooms

Outdoor Features

  • Patio

Schools

  • Mathews Elementary School
  • O Henry Middle School
  • Austin High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02030329390000

Community Details

Overview

  • Association fees include cable TV, common area maintenance, insurance, internet, parking, trash
  • 48 East Association
  • Natiivo Austin Zopp Add Subdivision
  • Community Lake

Amenities

  • Concierge
  • Valet Parking
  • Rooftop Deck
  • Lounge
  • Bike Room

Recreation

  • Dog Park
  • Trails

Pet Policy

  • Pet Amenities

Property Details

Home Type

Condominium

Est. Annual Taxes

$21,118

Year Built

Built in 2021

Lot Details

0

HOA Fees

$1,396 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 2021
  • Additional Parcels: No
  • Direction Faces: West
  • Directions: From Mopac, take exit towards Cesar Chavez. Turn Right onto S I-35 Frontage Rd. Drive toward East Ave. Building is on your Right. From S I-35, take exit 234A toward Cesar Chavez St/Holly St. Merge onto S I-35 Frontage Rd. Turn right onto River St, then Left onto East Ave. Building will be on your Right. NATIIVO AUSTIN.
  • Disclosures: See Remarks
  • Fencing: None
  • Garage Spaces: 1
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Levels: One
  • Living Area: 1277
  • Other Structures: None
  • Special Listing Conditions: Standard
  • Attribution Contact: (512) 633-0864
  • Attribution Contact: (512) 633-0864
  • ETJ Extra Territorial Jurdn: No
  • Estimated Taxes: 19521.00
  • FEMA Flood Plain: No
  • Restrictions: See Remarks
  • Tax Exemptions: None
  • Unit Style: Tower (14+ Stories)
  • Special Features: None

Interior Features

  • Interior Amenities: High Ceilings, Quartz Counters, Primary Bedroom on Main, Recessed Lighting, Smart Home, Sound System, Walk-In Closet(s), See Remarks
  • View: City Lights, Downtown, Hill Country
  • Flooring: Terrazzo, Tile, Wood
  • Accessibility Features: None
  • Appliances: Dishwasher, Disposal, Electric Cooktop, Microwave, Refrigerator, See Remarks, Stainless Steel Appliance(s), Washer, Washer/Dryer Stacked
  • Main Level Bedrooms: 1
  • Property Condition: Resale, Good
  • Security Features: See Remarks
  • Window Features: Window Treatments, See Remarks
  • ResoLivingAreaSource: Builder
  • Laundry Location: In Unit,Laundry Closet
  • Num Dining: 1
  • Num Living: 1
  • Num Other Level Beds: 1

Beds/Baths

  • Full Bathrooms: 2
  • Bedrooms: 2

Exterior Features

  • Exterior Features: Balcony
  • Roof: Concrete
  • Foundation: Slab
  • Patio And Porch Features: Patio
  • Pool Features: None
  • Private Pool: No
  • Water Body Name: Lady Bird Lake
  • Waterfront Features: Lake Front
  • Waterfront: Yes

Garage/Parking

  • Total Covered Spaces: 1
  • Parking Features: Valet

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Available, Water Available, See Remarks
  • Heating: Central
  • Water Source: Public
  • Cooling: Central Air

Condo/Co-op/Association

  • HOA Fee Includes: Cable TV, Common Area Maintenance, Insurance, Internet, Parking, Trash
  • Association Fee Frequency: Monthly
  • Association Fee: 1396

Association/Amenities

  • Association Name: 48 East
  • Association: Yes
  • Community Features: Bike Storage/Locker, Clubhouse, Concierge, Dog Park, Fitness Center, Garage Parking, Lake, Lounge, Pet Amenities, Pool, Rooftop Lounge, ValetParking, Trail(s)

Schools

  • Elementary School: Mathews
  • High School: Austin
  • Middle/Junior School: O Henry
  • Junior High Dist: Austin ISD

Lot Info

  • Lot Features: None
  • Parcel Number: 02030329390000
  • Lot Size Acres: 0.411
  • Lot Size Sq Ft: 17903.16
  • Subdivision Name: NATIIVO AUSTIN Zopp Add

Building Info

  • Construction Materials: Concrete
  • New Construction: No

Tax Info

  • Tax Year: 2024
  • Tax Rate: 2.14490000000000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 1, 2025
Closed on
Mar 3, 2025
Sold by
48 East Ave 2210 Llc
Bought by
Simon Robin
Seller's Agent
Dylan Haines
Compass RE Texas, LLC
Buyer's Agent
Dylan Haines
Compass RE Texas, LLC
List Price
$1,349,000
Sold Price
$1,275,000
Premium/Discount to List
-$74,000
-5.49%
Total Days on Market
27
Views
17
Current Estimated Value
$1,153,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$122,000
Original Mortgage
$892,500
Outstanding Balance
$891,886
Interest Rate
7.88%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $892,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2025 03/03/25 Sold -- -- --
01/01/2025 01/01/25 For Sale $1,349,000 -2.9% $1,056 / Sq Ft
07/03/2023 07/03/23 Sold -- -- --
05/23/2023 05/23/23 Pending -- -- --
02/27/2023 02/27/23 Price Changed $1,390,000 -11.4% $1,088 / Sq Ft
01/25/2023 01/25/23 Price Changed $1,569,500 -1.3% $1,229 / Sq Ft
08/02/2022 08/02/22 Price Changed $1,590,000 -6.5% $1,245 / Sq Ft
07/12/2022 07/12/22 For Sale $1,700,000 -- $1,331 / Sq Ft
Source: Unlock MLS (Austin Board of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $21,118 $1,324,885 $73,164 $1,251,721
2022 $4,503 $228,010 $53,280 $174,730
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 6292110

Unlock MLS (Austin Board of REALTORS®)

APN: 958647