1 bed, 1 bath, 1,176 sqft on 0.00 acres in Downtown Austin. Austin, TX 78701. $550,000. Austin ISD.
About This Home
PRICE IMPROVEMENT- Don't miss this deal! Spacious Downtown Loft overlooking Republic Square Park- Premium, gorgeous views of the ever-changing Austin skyline combined with sunset views. In the heart of the Warehouse District in Downtown Austin. Walking distance to great dining, hotels, entertainment, the Lady Bird Lake Hike & Bike Trail and more. A true industrial loft with exposed 13 ft. ceilings, floor to ceiling windows with stunning view, polished concrete floors and a private balcony overlooking the park. The loft is large, measuring 1176 square feet and is move-in ready. The Plaza Lofts is a boutique, sought after condominium in desirable 78701. The shared amenities include a resident lobby with seating, controlled and monitored building access, a dedicated and tight-knit HOA, lobby concierge service 7 days a week, a rooftop pool, an onsite gym and an enclosed parking garage. Parking space is #42 and storage cage #23.
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
- 2002
- Lot Size
- 0.00 acres
- Price / Sq Ft
- $468
- HOA
- $1,209.28/mo
- Garage
- 1 spaces
- Pool
- Yes
Listing information last updated July 22, 2026.
Listed by Smart City Realty, LLC
MLS# 9387756 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Breakfast Bar
- Ceiling-High
- Stone Counters
- Double Vanity
- Elevator
- Entrance Foyer
- Kitchen Island
- No Interior Steps
- Open Floorplan
- Stackable W
- D Connections
- Walk-In Closet(s)
- Built-In Gas Range
- Dishwasher
- Disposal
- Microwave
- Refrigerator
- Concrete
- Heating
- Central
- Cooling
- Central Air
Exterior & Lot
- Balcony
- Concrete
- Views
- Covered
- Lot Size
- 0.00 Acres
- Assigned
- Garage
- Gated
- Garage Spaces
- 1
- Pool
- Yes
Financial
- HOA Fee
- $1,209 / mo
- Original List Price
- $725,000
- Price per Sq Ft
- $468
Utilities
- Electricity Available
- Natural Gas Available
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 311 W 5th ST Unit #704, whoever represented it.
- ActiveListed 2026Current price: $550,000Original list: $725,000MLS 9387756
- Price changed · April 20, 2026$595,000
- Price changed · July 7, 2026$565,000
- Price changed · July 22, 2026$550,000
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
- $550,000
- Original list
- $725,000
- Price movement
- $175K reduction
- Listed / DOM
- Feb 5, 2026 · 261 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $554,594
- Assessment Year
- 2025
- Year Built
- 2002
- Parcel ID
- 000000525279
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-13.3% | — | $554,594 | $138,083 | $416,511 |
2024+25.2% | — | $639,717 | $138,083 | $481,714 |
2023-6.2% | — | $510,865 | $86,302 | $553,415 |
2022+27.4% | — | $544,762 | $86,302 | $424,563 |
2021 | — | $427,688 | $34,521 | $510,241 |
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 2026-10-16T10:07:13.507+00:00; normalized from monthly dues.
20% ($110K)
Adjustable assumption - not a lending recommendation.
$550,000
Luxury property intelligence
Keenan Market Position
A sourced read on Downtown Austin pricing, timing, and property scale. No automated valuation claim.
List price
$550,000
Price per sqft
$468/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
261 days
Original to current
$175K reduction
$725K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 16, 2026.
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