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1 bed, 1 bath, 462 sqft on 0.00 acres in Downtown Austin. Austin, TX 78701. Last listed at $265,000, sold August 16, 2021. Austin ISD.
About This Home
One bedroom studio at the Penthouse Condos in the heart of downtown Austin. Two blocks from the Texas State Capital and about a mile to the University of Texas. Fabulous location and walking distance to bars, shops, restaurants, and entertainment in the area, as well as the UT Dell Medical Center, Congress Avenue, and Whole Foods. Very cute condo with granite countertops, tile floors, and large windows with city views and natural light. One reserved parking space in the attached parking garage. HOA covers basic utilities; electric, gas, water, trash, and sewer. Great price for downtown living.
Downtown Austin runs from the Colorado River north to the Capitol, bounded by I-35 to the east and Lamar to the west. It is the densest residential market in Central Texas with high-rise condos, historic lofts, and luxury towers concentrated in distinct sub-districts.
The Seaholm District anchors the west end with the Seaholm Residences and the new Google tower reshaping the skyline. Rainey Street sits along the lake's north shore - what was a street of bungalow bars is now flanked by 40-story residential towers including 70 Rainey and The Lakeshore. The Warehouse District between 3rd and 6th Streets draws buyers who want walkable nightlife and restaurant access. Congress Avenue bisects downtown and remains the civic spine connecting the Capitol to the lake.
The Austonian (56 floors), The Independent (58 floors), and 360 Condominiums are the marquee towers. Newer projects like Sixth & Guadalupe and The Republic continue adding inventory. Price points range from $400K studio condos to $5M+ penthouses with lake and Hill Country views.
Walk Score averages 95+. The MetroRail Red Line stops at downtown station. Major employers including the State of Texas, UT Austin, and a growing tech presence (Google, Meta, Apple satellite offices) generate consistent housing demand. Nightlife, dining, live music, and Lady Bird Lake hike-and-bike trail are all within walking distance.
Buyers here are typically professionals, empty nesters downsizing from suburban estates, investors, and out-of-state relocations drawn to Austin's urban core. HOA fees range from $400/month in older buildings to $2,000+ in full-service towers. Most buildings include concierge, pool, fitness center, and secure parking.
School District: Austin ISD
View Downtown Austin neighborhood guide- Property Type
- Residential
- Year Built
- 1973
- Lot Size
- 0.00 acres
- Price / Sq Ft
- $574
- HOA
- $314/mo
Listing information last updated August 17, 2021.
Listed by Kuper Sotheby's Itl Rlty
MLS# 7662078 • Closed
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Properties displayed may be listed or sold by various participants in the MLS.
Highlights
Facts & Features
Interior
- Breakfast Bar
- Granite Counters
- Elevator
- No Interior Steps
- Open Floorplan
- Primary Bedroom on Main
- Track Lighting
- Convection Oven
- Refrigerator
- Tile
- Heating
- Central
- Cooling
- Central Air
Exterior & Lot
- Restricted Access
- Block
- Brick
- Concrete
- City Lot
- Slab
- Roof
- Flat Tile
- Lot Size
- 0.00 Acres
- Assigned
- Attached
- Common
- Gated
- Reserved
Financial
- HOA Fee
- $314 / mo
- Original List Price
- $265,000
- Price per Sq Ft
- $574
Utilities
- Electricity Available
- Natural Gas Available
- Sewer Available
- Water Available
- Water Source
- Public
- Sewer
- Public Sewer
Explore this area
Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $265,000
- Original list
- $265,000
- Price movement
- No verified reduction
- Listed / DOM
- Jul 12, 2021
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $176,092
- Assessment Year
- 2025
- Year Built
- 1973
- Parcel ID
- 000000196794
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-22.3% | — | $176,092 | — | — |
2024+0.0% | — | $226,500 | $20,435 | $180,435 |
2023+4.0% | — | $226,500 | $20,435 | $206,065 |
2022+10.4% | — | $217,769 | $20,435 | $206,065 |
2021 | — | $197,299 | $20,435 | $197,334 |
Virtual Tour
Zoned Schools
Austin
O Henry
Mathews
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
Excluded from this estimate: property taxes and home insurance. Each requires verified amount, cadence or unit, source, and as-of details.
HOA source: MLS Grid / Unlock MLS, as of 2026-10-17T07:07:28.125+00:00; normalized from monthly dues.
20% ($53K)
Adjustable assumption - not a lending recommendation.
$265,000
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Keenan Market Position
A sourced read on Downtown Austin pricing, timing, and property scale. No automated valuation claim.
List price
$265,000
Price per sqft
$574/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
Not available
Original to current
No verified reduction
$265K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 17, 2026.
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