501 West Ave Unit #1604, Austin, TX 78701

SIGNIFICANT PRICE IMPROVEMENT! Exceptional Value in Downtown Austin. Experience elevated high-rise living in Austin’s vibrant Market District. This stunning 2,009 sq ft residence offers 3 bedrooms, 3 full bathrooms, and breathtaking north & west-facing panoramic views. Floor-to-ceiling windows showcase spectacular Hill Country sunsets, while hardwood floors, soaring ceilings, and an open-concept layout create a sophisticated, light-filled retreat. Designed for comfortable living and effortless entertaining, this residence delivers downtown luxury. The chef-inspired kitchen features premium Miele appliances, a waterfall island, and pantry, flowing seamlessly into spacious living and dining areas. Step onto the covered terrace to enjoy expansive views and unforgettable sunsets. The primary suite is a sanctuary with blackout shades and a spa-inspired bath with floor-to-ceiling marble, dual vanities, soaking tub, glass-enclosed shower, and walk-in closet. 2 additional bedrooms, each with its own full bathroom, offer flexibility for guests, family, or a home office. RARE DOWNTOWN FEATURES THAT SET THIS RESIDENCE APART: 2 deeded parking spaces, dedicated EV charging station, private storage locker, Savant home automation, Sonos sound system, Nest thermostat, & keyless entry. Fifth & West offers exceptional amenities with a resort-style pool, inviting lounges, fitness center, yoga studio, pet spa, dog relief area, 2 rentable guest suites, and 24-hour concierge. Enjoy the best of Austin just steps from your door. Walk to Lady Bird Lake trails, restaurants, live music venues, upscale shopping, Whole Foods, ACL Live, and Austin Central Library. Convenient access to UT, Longhorn football games, and signature Austin events. Whether you're seeking a full-time luxury residence, lock-and-leave urban retreat, or downtown second home, this exceptional property offers the views, amenities, and walkability that make Fifth & West so desirable. Schedule your private showing today!

The moment you step into 501 West Ave Unit 1604, you're greeted by floor-to-ceiling windows that frame panoramic views of Lady Bird Lake, the Westlake Hills, and the UT west campus skyline. This 2,009-square-foot residence in Downtown Austin sits at the heart of the Market District in Austin's 78701 zip code, where the water becomes part of your daily visual landscape. The covered terrace extends living directly toward those views, and on quiet mornings or evenings, you can hear the subtle movement of the lake beyond the downtown noise.

The home opens with a gracious foyer into an open-concept floor plan where marble and hardwood flooring anchor spaces designed for living and entertaining. Soaring ceilings amplify the sense of space across the 3 bedrooms and 3 full bathrooms. The kitchen features quartz countertops, a waterfall island, built-in gas range and electric ovens, and integrated Miele appliances that handle serious cooking without pretension. A walk-in pantry keeps daily operations clean and organized. The primary bedroom sits on the main level with direct access to the terrace, where Hill Country sunsets arrive on schedule. The ensuite delivers marble finishes, dual vanity, a soaking tub, and a frameless glass shower scaled for someone who values function as much as finish.

Two additional bedrooms with full baths provide genuine flexibility, whether for guests, a dedicated home office, or simply breathing room. Built-in features throughout include a study space, smart home integration via Savant and Nest, wired audio through Sonos, and an electric car charging plug for the 2-car garage. The building itself delivers resort-level amenities including a pool, sundeck, fitness center, yoga studio, guest suites, pet spa with dog run, and 24-hour concierge service.

The location puts you steps from the restaurants, galleries, and live music venues scattered through West Lake Hills and downtown. Lady Bird Lake's trail system runs directly adjacent. Residents fall within Austin ISD, where nearby Mathews Elementary feeds into O Henry Middle and Austin High School. At $839 per square foot, this is waterfront living without the isolation, urban energy without the compromise. The market hasn't seen inventory at this specification in this location stay on the market.

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.