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501 West Ave Unit #1204
Austin, TX, 78701
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Welcome to 501 West Ave #1204, a luxurious two-bedroom, two-bathroom residence located in the prestigious Fifth and West Residences in downtown Austin, Texas. Boasting 1327 square feet of exquisite living space and two convenient parking spaces, this property offers an exceptional urban lifestyle. As you step inside, you'll be greeted by a light-filled oasis that showcases breathtaking views of both the Hill Country and downtown Austin. The open layout is perfect for entertaining, and the sleek kitchen is a chef's dream. It features Italkraft cabinetry, a quartz-topped island with a waterfall edge, and top-of-the-line Miele appliances, including a 5-burner gas cooktop and a 36" counter depth refrigerator. The owner's suite is a tranquil retreat, complete with blackout shades and an oversized walk-in closet adorned with custom Italian built-ins. Step out onto the private terrace to enjoy fresh air and breathtaking sunset views over the rolling hills of Westlake. With walls of glass and high ceilings, the condo feels incredibly spacious. This residence is equipped with modern conveniences, including keyless entry and smart home automation, ensuring a seamless and secure living experience. Fifth and West Residences redefine downtown living with their striking design, effortless ownership, and unbeatable location. Situated in the heart of the Market District, you'll have the best of Austin within walking distance. Explore the Austin Central Library, indulge in a variety of outdoor dining and nightlife options, browse the shelves at Bookpeople, shop at Whole Foods, or take a leisurely stroll along the hike and bike trail at Lady Bird Lake. Don't miss this opportunity to own a remarkable property that combines luxurious living, stunning views, and a prime downtown location. Experience the pinnacle of urban living at Fifth & West Residences.
Property Type
Residential
Year Built
2018
Lot Size
0.00 acres
$/Sq Ft
$972
HOA
$1,142.49/mo
Garage
2 spaces
Pool
Yes
Listed by Moreland Properties
Verified property facts
501 West Ave Unit #1204 is listed at $1,290,000 with 2 bedrooms, 2 full bathrooms, 1,327 square feet, 0.00-acre lot. This places it above the ZIP 78701 single-family, condominium, and townhouse closed-sale median price of $623,500 (ZIP 78701 geography · single-family, condominium, and townhouse closed sales · median sale price · trailing 12 months as of Sep 4, 2026).
501 West Ave Unit #1204 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 #1204 is a Residential built in 2018 featuring 2 bedrooms, 2 full bathrooms, 1,327 square feet, 0.00-acre lot.
501 West Ave Unit #1204 is listed by Moreland Properties. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Apr 25, 2026.
#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
Features
Appliances
Flooring
Features
Foundation
Patio / Porch
Parking
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+11.3% | — | $1,141,981 | $18,512 | — |
2024-6.9% | — | $1,026,000 | $18,512 | $1,007,488 |
2023+25.6% | — | $1,102,600 | $18,512 | $1,007,488 |
2022-0.6% | — | $878,000 | $18,512 | $1,084,088 |
2021 | — | $883,500 | $18,511 | $859,489 |
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% ($258K)
Adjustable assumption - not a lending recommendation.
$1,290,000
Luxury property intelligence
A sourced read on Downtown Austin pricing, timing, and property scale. No automated valuation claim.
List price
$1,290,000
Price per sqft
$972/sqft
Vs. Neighborhood guide reference price
+47.4%
$875K · Downtown Austin neighborhood guide · reference price
Days on market
Not available
Original to current
No verified reduction
$1.3M original
Active inventory context
Ask for current inventory
Price Position in Downtown Austin
Listed 47% above the Downtown Austin neighborhood guide reference price. Downtown Austin neighborhood guide · reference price.
Source: MLS Grid / Unlock MLS and Keenan Group review as of Apr 25, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
501 West Ave Unit #1204 is priced at $972 per square foot across 1,327 sqft. The Downtown Austin neighborhood guide reference price is $875,000 (Downtown Austin neighborhood guide · reference price).
The most recent annual property tax for 501 West Ave Unit #1204 is $21,776. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
This page does not assume a mortgage rate or publish a monthly payment for 501 West Ave Unit #1204. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Apr 25, 2026, 501 West Ave Unit #1204 is offered at $1,290,000. The current MLS snapshot shows 213 active listings in 78701. Keenan Group has completed 11 verified transactions in 78701 within its 1,000+ completed transactions and $1B+ career volume across Austin. See Keenan Group's Downtown Austin guide for current neighborhood analysis.
501 West Ave Unit #1204 was built in 2018, making it 8 years old with relatively recent construction.
The MLS listing reports HOA or association dues of $1,142 monthly for 501 West Ave Unit #1204. It does not establish included amenities, services, rules, reserves, or current assessments; verify those items in current association documents.
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.
9 events on record
Current Price
$1,290,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+11.3% | — | $1,141,981 | $18,512 | — |
2024-6.9% | — | $1,026,000 | $18,512 | $1,007,488 |
2023+25.6% | — | $1,102,600 | $18,512 | $1,007,488 |
2022-0.6% | — | $878,000 | $18,512 | $1,084,088 |
2021 | — | $883,500 | $18,511 | $859,489 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
Comparable homes that recently closed in this area
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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