2 bed, 2 bath, 1,264 sqft on 0.01 acres in Downtown Austin. Austin, TX 78701. $549,995. Austin ISD.
About This Home
Penthouse-level living with a front-row seat to Austin sunsets. Located on the 15th floor of iconic Cambridge Tower, Unit 15M is a distinctive two-level, loft-style residence offering 1,224 square feet, two bedrooms, two baths and an expansive private balcony spanning the full length of the unit. Floor-to-ceiling windows and western exposure fill the residence with natural light while capturing sweeping views across Austin and spectacular sunsets. The main level features the kitchen, living and dining areas, primary bedroom and bath, laundry room and access to the balcony. The kitchen offers upgraded cabinetry and an impressive amount of storage rarely found in a residence of this size. The primary suite features custom closets and a spacious bath with dual vanities and jetted tub. A custom metal staircase adds architectural character and leads to the upper level, where the loft-style second bedroom, second bath and large walk-in closet provide a flexible space for guests, a home office or additional living area. Built in 1965, Cambridge Tower is one of Austin’s distinctive Mid-Century Modern residential landmarks, recognized for its New Formalist architecture and exceptional location near the Texas Capitol, The University of Texas and downtown Austin. Residents enjoy a heated swimming pool, outdoor grilling areas and a park-like setting with green space adjacent to the building. Secure, gated underground parking includes one reserved space, along with abundant gated visitor parking. The spacious lobby has recently been updated with oak flooring, with new furnishings scheduled for October 2026. A rare opportunity to own a unique loft-style residence with remarkable views in one of Austin’s most recognizable residential towers. HOA Fees cover Water, Sewer, Trash, Security, Parking Garage - 1 space reserved, Maintenance and Insurance, Internet AND Television.
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
- $435
- HOA
- $1,140/mo
- Garage
- 2 spaces
Listing information last updated October 30, 2026.
Listed by Douglas Elliman Real Estate
MLS# 9277349 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Bar
- Breakfast Bar
- Built-in Features
- Ceiling Fan(s)
- Ceiling-High
- Stone Counters
- Elevator
- Primary Bedroom on Main
- Recessed Lighting
- Walk-In Closet(s)
- Dishwasher
- Disposal
- Microwave
- Refrigerator
- Vented Exhaust Fan
- Washer
- Dryer Stacked
- Tile
- Heating
- Central,Forced Air,Heat Pump
- Cooling
- Ceiling Fan(s),Central Air
Exterior & Lot
- Balcony
- Lighting
- No Exterior Steps
- Masonry – All Sides
- Corner Lot
- Near Golf Course
- Near Public Transit
- Views
- Slab
- Patio
- Roof
- Metal
- Lot Size
- 0.01 Acres
- Assigned
- Gated
- Underground
- Garage Spaces
- 2
Financial
- HOA Fee
- $1,140 / mo
- Original List Price
- $625,000
- Price per Sq Ft
- $435
Utilities
- Cable Connected
- Electricity Connected
- Phone Available
- Sewer Connected
- Water Connected
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 1801 Lavaca ST Unit #15M, whoever represented it.
- ActiveListed 2026Current price: $549,995Original list: $625,000MLS 9277349
- Listed · September 13, 2026$625,000
- Price changed · September 25, 2026$599,999
- Price changed · October 30, 2026$549,995
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
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Price & Listing History
Price Change with current price, original ask, and market time.
- Current list
- $549,995
- Original list
- $625,000
- Price movement
- $75K reduction
- Listed / DOM
- Sep 13, 2026 · 52 days
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 |
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 and home insurance. Each requires verified amount, cadence or unit, source, and as-of details.
HOA source: MLS Grid / Unlock MLS, as of 2026-10-30T14:34:10.24+00:00; normalized from monthly dues.
Illustrative down payment
20% ($110K)
Adjustable assumption - not a lending recommendation.
Home price
$549,995
Loan details
Luxury property intelligence
Keenan Market Position
A sourced read on Downtown Austin pricing, timing, and property scale. No automated valuation claim.
List price
$549,995
Price per sqft
$435/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
52 days
Original to current
$75K reduction
$625K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 30, 2026.
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