#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024
Luxury living at its finest in one of downtown Austin’s premier towers in the heart of the Market District. This exceptional 2,009 sq ft, 3 bed/3 bath residence captures breathtaking panoramic views of colorful sunsets, the Westlake Hills, UT west campus, and the sprawling city skyline framed through walls of glass. A private foyer welcomes you into an open-concept design where hardwood flooring, soaring ceilings, and floor-to-ceiling windows create an atmosphere of timeless elegance. Designed for both everyday living and unforgettable entertaining, the expansive living and dining spaces flow seamlessly into a high-end chef-inspired kitchen featuring quartz countertops, an oversized waterfall island, premium Miele appliances, Italkraft cabinetry, and a generous walk-in pantry. Extend the living space to the outdoors on the covered terrace and take in the sweeping landscape. The primary suite serves as a private sanctuary, offering stunning Hill Country sunsets. You will feel pampered in the spa-inspired ensuite boasting marble finishes, dual vanity, soaking tub, frameless glass walk-in shower, and spacious walk-in closet. Two additional bedrooms each with their own full bath, provide flexibility, privacy, and versatility for guests, a home office, or additional living space. Thoughtfully appointed with Savant home automation, Sonos sound system, Nest thermostat, keyless entry, 2 deeded parking spaces with dedicated EV charging and a private storage locker, this residence offers the ultimate lock & leave lifestyle. Live like you are on vacation with unmatched amenities that include a resort style pool, sundeck, lounge areas, fitness center, yoga studio, 2 guest suites, pet spa & dog park and 24 hour concierge service. Experience the energy, convenience, and walkability of urban living with fine dining, live music venues, shopping, Lady Bird Lake and miles of trails right outside your door. Fifth and West Residences delivers on every level. Schedule your tour today!
Property Type
Residential
Year Built
2018
Lot Size
0.00 acres
$/Sq Ft
$839
HOA
$1811/mo
Garage
2 spaces
Listed by Coldwell Banker Realty
Verified property facts
501 West Ave Unit #1604 is listed at $1,685,000 with 3 bedrooms, 3 full bathrooms, 2,009 square feet, 0.00-acre lot. This places it above the 78701 median of $621,000.
501 West Ave Unit #1604 is zoned for Austin ISD with assigned schools: Mathews (elementary), O Henry (middle), Austin (high). School assignments should be verified directly with the district.
501 West Ave Unit #1604 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 #1604 is a Residential built in 2018 featuring 3 bedrooms, 3 full bathrooms, 2,009 square feet, 0.00-acre lot.
501 West Ave Unit #1604 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
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
Listed 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 |
|---|---|---|---|---|
2025-18.3% | — | $1,650,000 | — | — |
2024-6.0% | — | $2,020,253 | $28,148 | $1,840,586 |
2023+46.2% | — | $2,149,205 | $28,148 | $1,992,105 |
2022+19.0% | — | $1,470,155 | $28,148 | $2,121,057 |
2021 | — | $1,235,000 | $28,147 | $1,442,008 |
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% ($337K)
$1,685,000
Luxury property intelligence
A sourced read on Downtown Austin pricing, timing, and property scale. No automated valuation claim.
List price
$1,685,000
Price per sqft
$839/sqft
Vs. Downtown Austin median
+92.6%
$875K median
Days on market
15 days
Original to current
No verified reduction
$1.7M original
Active inventory context
Ask for current inventory
Price Position in Downtown Austin
Listed 93% above the Downtown Austin median
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jul 4, 2026.
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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 #1604 is priced at $839 per square foot across 2,009 sqft. The Downtown Austin median list price is $875,000.
The most recent annual property tax for 501 West Ave Unit #1604 is $29,096. 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.
With 20% down ($337,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 501 West Ave Unit #1604 is around $11,168 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $1,685,000, 501 West Ave Unit #1604 is in the Downtown Austin market where there are currently 212 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 #1604 was built in 2018, making it 8 years old with relatively recent construction.
501 West Ave Unit #1604 includes verified waterfront access: See Remarks. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
501 West Ave Unit #1604 is part of a managed community with HOA dues of $1,811 monthly. HOA-managed communities in Austin's luxury market typically provide amenities such as common areas, security, and exterior maintenance. Verify current dues and rules with the HOA directly.
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.
14 events on record
Current Price
$1,685,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-18.3% | — | $1,650,000 | — | — |
2024-6.0% | — | $2,020,253 | $28,148 | $1,840,586 |
2023+46.2% | — | $2,149,205 | $28,148 | $1,992,105 |
2022+19.0% | — | $1,470,155 | $28,148 | $2,121,057 |
2021 | — | $1,235,000 | $28,147 | $1,442,008 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
Best Match
Balanced against price, location, and layout so nearby lookalikes rise first. Similar properties in Fifth & West Residences
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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