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2 bed, 2 bath, 1,587 sqft on 0.00 acres in Downtown Austin. Austin, TX 78701. Last listed at $1,650,000, sold March 10, 2023. Austin ISD.
About This Home
Welcome to 501 West Ave in the very heart of magnificent downtown Austin. Situated in one of the most trendy centers of lifestyle in the city, the 39-story Fifth and West Residences is the fourth-tallest all-residential tower in Austin and home to our spectacular 13th-floor condominium. This home in the sky boasts 1587 square feet, two ensuite bedrooms, a chef’s designed kitchen, a private balcony, and two exclusive parking spaces. But to put it simply, this space defies descriptors. Walk through the door and in front of you is a view that instantly adds millions of square feet of sensory experience with spectacular, indescribable views. The whole of downtown Austin has become your home, your newest painting, your latest work of art - a spectacular and unobstructed cityscape. Outside your window is The Independent - known to Austinites as the Jenga Building, the famous Zilker Park, Google’s “Block 185”, The Meta Building “Sixth and Guadalupe”, and Austin City Hall. Sit in your living room and witness the construction of the Conrad Building and the history-making Wilson Tower - soon to be the tallest building in all of Texas. At 501 West Ave., you own a front-row seat for city nightlife as only Austinites can do it. The Fifth and West building amenities are amazing with a state-of-the-art gym, guest suites for your visitors, a work lounge, a party space with a designer catering kitchen, a serenity pool with outstanding views, and a covered outdoor entertainment space for inspired partying. And lest we forget, a dog park to complete the Austin pet experience. Walk around the block to 32 world-class eateries, lounges, and bars. With Whole Foods and Trader Joe's at your service, the lifestyle is complete! Welcome to the Fifth and West Residences, the scenic 13th floor!
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
- 2018
- Lot Size
- 0.00 acres
- Price / Sq Ft
- $1,040
- HOA
- $1,200/mo
- Garage
- 2 spaces
Listing information last updated March 13, 2023.
Listed by Kuper Sotheby's Itl Rlty
MLS# 6081612 • 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
Interior
- Breakfast Bar
- Double Vanity
- Kitchen Island
- Open Floorplan
- Primary Bedroom on Main
- Recessed Lighting
- Stackable W
- D Connections
- Built-In Electric Oven
- Dishwasher
- Disposal
- Gas Cooktop
- Microwave
- Stone
- Wood
- Heating
- Central,Electric
- Cooling
- Central Air,Electric
Exterior & Lot
- Balcony
- Concrete
- Glass
- Masonry – Partial
- Slab
- Roof
- Concrete,Metal
- Lot Size
- 0.00 Acres
- Attached
- Garage
- Reserved
- Garage Spaces
- 2
Financial
- HOA Fee
- $1,200 / mo
- Original List Price
- $1,650,000
- Price per Sq Ft
- $1,040
Utilities
- Cable Available
- Electricity Available
- Natural Gas Available
- Sewer Available
- Underground Utilities
- Water Available
- Water Source
- Public
- Sewer
- Public Sewer
Explore this area
Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $1,650,000
- Original list
- $1,650,000
- Price movement
- No verified reduction
- Listed / DOM
- Feb 16, 2023
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $1,448,753
- Assessment Year
- 2025
- Year Built
- 2018
- Parcel ID
- 000000901406
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-11.4% | — | $1,448,753 | — | — |
2024+0.0% | — | $1,634,304 | $21,800 | $1,582,057 |
2023+47.1% | — | $1,634,304 | $21,800 | $1,612,504 |
2022+0.3% | — | $1,110,896 | $21,800 | $1,612,504 |
2021 | — | $1,107,941 | $21,799 | $1,089,097 |
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 2026-06-04T01:30:04.775387+00:00; normalized from monthly dues.
Illustrative down payment
20% ($330K)
Adjustable assumption - not a lending recommendation.
Home price
$1,650,000
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
$1,650,000
Price per sqft
$1,040/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
Not available
Original to current
No verified reduction
$1.7M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 4, 2026.
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