48 East Ave 1809Austin, TX 78701

Description

STR-Permitted Community! Turnkey, fully furnished, income-producing condominium w/ a proven short-term rental history and professional property management already in place. The HOA and governing documents permit short-term rentals (STR), making this an exceptional investment opportunity that's ready to generate income from day one. Perched on the 18th floor, this luxury residence features beautiful hardwood flooring, an open-concept, B-1 floor plan, the primary suite & a guest bedroom, both w/ ensuite spa-inspired bathrooms in each w/ a frameless glass walk-in shower in primary, & bathtub in guest suite. Floor-to-ceiling windows that fill the home w/ natural light & open to a private balcony. Ideally located in the highly sought-after Rainey St Historic District, you'll enjoy walking distance to Austin's finest restaurants, entertainment, Lady Bird Lake, and the Ann and Roy Butler Hike-&-Bike Trail, while being just steps from downtown Austin. The sale includes one reserved garage parking space with 24-hour valet service, Wi-Fi, trash service, washer, dryer, refrigerator, television, and all furnishings, cookware, dishes, silverware, and housewares making this a true turnkey investment or luxury residence. Residents enjoy an impressive collection of resort-style amenities, including a spectacular 33rd-floor rooftop pool & clubhouse w/ panoramic skyline views, state-of-the-art fitness center, Peloton studio, yoga studio, outdoor fitness area, co-working spaces, lobby coffee bar, landscaped terrace w/ an outdoor fireplace, bike storage, dog park, & pet washing station. With an impressive Walk Score of 84 and Transit Score of 60, this luxury condominium offers the perfect combination of convenience, upscale living, and exceptional investment potential in one of Austin's most desirable neighborhoods. Whether you're searching for a primary residence, second home, or high-performing investment property, this rare opportunity is truly move-in & rental ready.

Property Information

Property type

Residential

Sub-type

Condominium

Style

Elevator / Middle Unit / Tower (14+ Stories)

Year built

2021

Living area

982 Sq Ft

Lot size

0.00 acres

Garage spaces

1

Parking spaces

1

Ownership

Common

Days on market

86

MLS^® Listing#

8524390

Property Features

Interior

Double Vanity · Eat-in Kitchen · High Speed Internet · Open Floorplan · Walk-In Closet(s) · Master Downstairs

Exterior

Balcony

Appliances

Convection Oven · Dishwasher · Disposal · Electric Cooktop · Microwave · Refrigerator · Stainless Steel Appliance(s) · Washer/Dryer

Cooling

Central Air

Heating

Central

Flooring

Wood

Pool

None

Parking

Garage · Valet

Laundry

In Unit · Laundry Closet

Patio

Covered · Patio

Fencing

None

Lot features

City Lot · Landscaped

Construction

Concrete · Glass · Stucco

Foundation

Slab

Roof

Concrete

Windows

Drapes · Insulated Windows

Security

Smoke Detector(s) · 24 Hour Security · Building Security · Fire Alarm · Fire Escape · Fire Sprinkler System · Secured Garage/Parking

Other structures

None

Community

Clubhouse · Pool

Utilities

Electricity Connected · Water Connected

Sewer

Public Sewer

Water source

Public

Rooms

Schools

Elementary

Mathews

Middle

O Henry

High

Austin

Financial Details

HOA

$1,100 / MonthlyAssociation: Natiivo

Annual taxes

$15,366Tax year 2026

Assessed value

$944,112

Parcel number

02030328940000

Directions

From Mopac, exit Cesar Chavez. Continue on Cesar Chavez all the way through downtown to (R) Southbound IH-35 Frontage Rd., continue straight to (R) Lambie St. Natiivo is straight ahead. **There's a Pay-to-Park lot at the corner of Lambie St and East Ave, however, from Lambie St, turn (L) into parking lot. If you go all the way to the corner, you'll have to turn around, and come back to park in this lot. Street parking is scarce. This parking lot is directly in front of Natiivo. From IH-35, exit Cesar Chavez. Merge onto Southbound HI-35 Frontage Rd. Turn (R) Lambie St. Natiivo is straight ahead. **There's a Pay-to-Park lot at the corner of Lambie St and East Ave, however, from Lambie St, turn (L) into parking lot. If you go all the way to the corner, you'll have to turn around, and come back to park in this lot. Street parking is scarce. This parking lot is directly in front of Natiivo.