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2 bed, 2 bath, 1,363 sqft on 0.01 acres in Downtown Austin. Austin, TX 78701. Last listed at $655,000, sold July 12, 2023. Austin ISD.
About This Home
SELLER OFFERING BUYDOWN TO +/- 4.750% APR! One of the most sought after floor-plans at Cambridge Tower. This Historical property is ideally located near the Capitol, the University of Texas, the Bob Bullock and Blanton Museums and Downtown Austin. This unit is furnished. The unit has gleaming hard wood floors, built-in book cases, ample storage, and very well maintained. A huge Balcony extends across the entire length of the unit. Every room has beautiful views of the city and Hill Country - exceptional sunsets! A full kitchen with stainless steel appliances, and a full sized Washer/Dryer in the unit! The primary bedroom has "black out" shades. The building is known for its limited access/security and amenities including a gym, pool and spa, a roof top deck and its distinctive mid-century architecture. Listed on the National Register of Historic Places.
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
- 1964
- Lot Size
- 0.01 acres
- Price / Sq Ft
- $481
Listing information last updated July 14, 2023.
Listed by KW-Austin Portfolio RealEstate
MLS# 9533509 • 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
Exterior & Lot
- Lot Size
- 0.01 Acres
Financial
- Original List Price
- $655,000
- Price per Sq Ft
- $481
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Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $655,000
- Original list
- $655,000
- Price movement
- No verified reduction
- Listed / DOM
- Apr 3, 2023
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $528,161
- Assessment Year
- 2025
- Year Built
- 1964
- Parcel ID
- 000000200033
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-6.1% | — | $528,161 | — | — |
2024+33.1% | — | $562,459 | $45,684 | $477,560 |
2023-2.6% | — | $422,609 | $45,684 | $516,775 |
2022-0.9% | — | $433,962 | $45,684 | $376,925 |
2021 | — | $438,059 | $36,547 | $397,415 |
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Zoned Schools
McCallum
Kealing
Lee
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, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
Illustrative down payment
20% ($131K)
Adjustable assumption - not a lending recommendation.
Home price
$655,000
Loan details
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Keenan Market Position
A sourced read on Downtown Austin pricing, timing, and property scale. No automated valuation claim.
List price
$655,000
Price per sqft
$481/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
Not available
Original to current
No verified reduction
$655K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Apr 25, 2026.
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