Vesper

Vesper, Downtown Austin

Vesper is a 41-story condo tower on East Avenue at the eastern edge of the Rainey district, completed in 2024. First owners moved in that April.

I've toured and shown homes in every downtown condo tower, including Vesper. This page pulls together the facts buyers ask about first, followed by the homes currently for sale in the building.

Building facts

Where public sources disagree on story or unit counts, a range is shown.

Amenities and services

Vesper has:

• 24-hour concierge
• Co-working spaces, liquor lockers, an art gallery and a mail and package room
• Fitness center with private spin rooms, a yoga studio and an outdoor yoga lawn
• Sky dog run and dog wash
• Outdoor terrace
• Rooftop pool, residence lounge, grills and an outdoor fireplace lounge

Confirm current amenities, hours and any fees with the association before you buy. If you own here, a well-run amenity floor is part of what you're selling, so show it off in your listing photos.

Location and nearby

Rainey Street's bars and restaurants are steps away, including Kinsho, a sushi and omakase bar that opened at 51 Rainey in spring 2026, and Fleet Coffee at 88½ Rainey. The Waterloo Greenway's Confluence, which opened in June 2026, links the district to Palm Park and the Butler Trail.

I-35 construction is next door, so ask which units face the highway.

Schools

Vesper is in Austin ISD. Every downtown condo address we checked was zoned to Mathews Elementary, O. Henry Middle and Austin High for 2026-27, according to the Austin ISD School Finder, but confirm zoning for this exact address before you buy.

What to check at Vesper, whether you're buying or selling

• What do the HOA dues include, and when were they last raised?
• How healthy is the reserve fund, and are any special assessments planned?
• Is parking deeded or assigned, and is there valet or guest parking?
• What are the pet rules, lease minimums and leasing limits?
• Which direction does the unit face, and could a planned tower block the view?
• Were past renovations inside the unit permitted and closed out with the City? Open permits can stall a sale, so owners should check before listing and buyers should ask.

If you already own here, the same list is your prep sheet for selling: request the resale certificate early, gather your parking and storage documents, and keep receipts and permits for any upgrades so buyers can see what they're paying for.

Current Vesper listings appear below. Compare it with other towers in our Downtown Austin condo buildings guide, or browse all Downtown Austin condos for sale.

Rental rules

Leasing and short-term rental rules at Vesper are set by the condominium declaration and the association's rules, and I couldn't confirm the current rules from a public source. In my experience, many downtown associations require a minimum lease term, cap how many homes can be leased at once (often no more than about 10% of units) and prohibit stays shorter than 30 days. If you plan to lease, read the declaration, the rules and the resale certificate before you buy.

The City of Austin also licenses short-term rentals. Under rules that took effect Oct. 1, 2025, an individual may operate the greater of one unit or 10% of their units in a multifamily property, or 25% at sites with four or more units and a commercial use, according to the City. A City license doesn't override a building's own ban.

The same rules matter when it's time to sell. Investors ask about leasing first, so owners who have the current rules and any leasing permit status in hand can answer that question on day one instead of losing a showing to it.

Working with Albert Allen

Albert Allen is an Austin native and Luxury Real Estate Advisor with Compass, with more than a decade of experience helping clients buy and sell across Austin.

Albert represents buyers and sellers in Vesper and throughout Downtown Austin's high-rise condos. Schedule a Walk & Talk, request a home valuation or ask about private listings.

Common questions about Vesper

Where is Vesper?

Vesper is at 84 East Ave. in the Rainey Street part of Downtown Austin, ZIP code 78701.

When was Vesper built?

Vesper was completed in 2024 and has 41 stories, with 284 condos.

Does Vesper allow short-term rentals?

Check the declaration and rules for the current policy. Many downtown associations prohibit stays shorter than 30 days and limit how many homes can be leased, and City of Austin licensing rules apply on top of any HOA rules.

How close is Vesper to Lady Bird Lake?

About 0.2 mile to the Butler Trail, measured straight-line with City of Austin map data. Walking routes are longer.

Search Other Downtown Austin High-Rises

Compare Vesper with the other condo towers downtown, or see them side by side in our Downtown Austin condo buildings guide.

Browse All Downtown Austin Condos

Sources: Council on Tall Buildings and Urban Habitat; developer, architect and builder project pages; hotel operator pages where applicable; Texas Department of Licensing and Regulation; City of Austin (GIS address points and trail data, short-term rental program, Ordinance 20250911-012); Austin ISD School Finder (checked Nov. 8, 2026); The Trail Conservancy; Austin Monitor; Community Impact; KVUE; CBS Austin. Building facts may differ slightly from HOA records. Albert Allen, REALTOR®, Compass RE Texas, LLC. Information is believed reliable but not guaranteed. Photo: Rainey Street skyline along Lady Bird Lake, 2024, by Oleg Yunakov, CC BY-SA 4.0, via Wikimedia Commons.