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This property has sold on November 18, 2025. Looking for something similar? Contact us or browse available homes.
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PRICE REDUCTION! Spacious 1 bedroom / 1 bathroom West facing condo at 5th&West Residences. Upon entering you will find a large kitchen with a waterfall quartz counter island with bar seating, custom cabinetry, state of the art Miele appliances and wine fridge. The entire condo features hardwood flooring throughout, electronic shades, recessed lighting and large picture windows that bring in tons of natural light. Use the extra space in the living room for a dining room, home office, reading nook or addtional seating area. In the bedroom you'll find floor to ceiling sliding glass doors that lead out to the balcony with panoramic views of Downtown Austin. The beautiful marble ensuite features a dual vanity, seamless glass shower and walk in closet. 1 parking spot with an EV CHARGING STATION & ONE LARGE STORAGE SPACE ($50k value) INCLUDED! Enjoy stunning building amenities designed by award winning Michael Hsu including the owner's lounge with multiple lounge areas, a chef's kitchen and large dining space perfect for entertaining. The state of the art fitness center features a yoga / spin room as well as a separate gym with state of the art equipment. Outside is the sky deck where you can take in the city skyline views and grilling areas leading out to the beautiful resort style pool deck. 2 guest suites are located on the amenity floor and can be reserved for a fee for your guests. Walk to Lady Bird Lake/Hike & Bike Trail, Whole Foods, Trader Joe's, 2nd St District, Seaholm District, West 6th St and all that Downtown ATX has to offer. Truly an amazing location and sought after luxury building! 1st year interest rate BUY DOWN offered from preferred lender Chandra Carthrae with Supreme Lending
Property Type
Residential
Year Built
2018
$/Sq Ft
$709
Listed by Compass RE Texas, LLC
Verified property facts
501 West Ave Unit #1202 is listed at $599,900 with 1 bedrooms, 1 full bathrooms, 846 square feet, 0.00-acre lot.
501 West Ave Unit #1202 is zoned for Austin ISD with assigned schools: Mathews (10/10) (elementary), O Henry (middle), Austin (7/10) (high). School assignments should be verified directly with the district.
501 West Ave Unit #1202 is in Downtown Austin, Austin, Texas. See the full [Downtown Austin neighborhood guide](/neighborhoods/downtown-austin) for market data, schools, and lifestyle details.
501 West Ave Unit #1202 is a Residential built in 2018 featuring 1 bedrooms, 1 full bathrooms, 846 square feet, 0.00-acre lot.
501 West Ave Unit #1202 is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Property Details
Listing timeline with current price, original ask, and market time.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-26.1% | — | $1,720,522 | — | — |
2024-10.0% | — | $2,329,007 | $35,101 | $1,962,023 |
2023+50.2% | — | $2,587,750 | $35,101 | $2,293,906 |
2022-11.6% | — | $1,723,200 | $35,101 | $2,552,649 |
2021 | — | $1,950,000 | $35,099 | $1,688,101 |
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. Ratings from GreatSchools.org.
20% ($120K)
$599,900
Luxury property intelligence
A sourced read on Downtown Austin pricing, timing, and property scale. No automated valuation claim.
List price
$599,900
Price per sqft
$709/sqft
Vs. Downtown Austin median
-31.4%
$875K median
Days on market
291 days
Original to current
$49.6K reduction
$649.5K original
Active inventory context
Ask for current inventory
Price Position in Downtown Austin
Listed 31% below the Downtown Austin median
Source: MLS Grid / Unlock MLS and Keenan Group review as of Apr 25, 2026.
Request Private Market AnalysisLifestyle, schools, market context, and homes in Downtown Austin
Active listings and buyer search context in Downtown Austin
ZIP-level neighborhoods, schools, lifestyle, and Austin market context
District guide, nearby schools, and homes by attendance area
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Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
501 West Ave Unit #1202 is priced at $709 per square foot across 846 sqft. The Downtown Austin median list price is $875,000.
With 20% down ($119,980) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 501 West Ave Unit #1202 is around $4,213 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $599,900, 501 West Ave Unit #1202 is in the Downtown Austin market where there are currently 222 active listings in 78701. The Keenan Group has completed 10 transactions in 78701 as part of 1,000+ career sales totaling $1B+ across Austin. For a detailed market analysis, see our [Downtown Austin guide](/neighborhoods/downtown-austin).
501 West Ave Unit #1202 was built in 2018, making it 8 years old with relatively recent construction.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Downtown Austin is one of Austin's established neighborhoods, zoned for Austin ISD in the 78701 area. The Keenan Group has specialized in Downtown Austin real estate for 25+ years with 1,000+ career transactions. Contact (512) 415-7653 for current market conditions and available homes.
Source: Keenan Group at Compass Real Estate, #1 Austin Board of Realtors Team (2024)
Walker's Paradise
Good Transit
Biker's Paradise
Walk Score measures walkability based on distance to amenities. Transit Score measures public transportation access. Bike Score measures bikeability based on bike infrastructure and terrain.
7 events on record
Current Price
$649,500
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-26.1% | — | $1,720,522 | — | — |
2024-10.0% | — | $2,329,007 | $35,101 | $1,962,023 |
2023+50.2% | — | $2,587,750 | $35,101 | $2,293,906 |
2022-11.6% | — | $1,723,200 | $35,101 | $2,552,649 |
2021 | — | $1,950,000 | $35,099 | $1,688,101 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
Neighborhood guide and local insights
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.
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