501 West Ave Unit #1702, Austin, TX 78701

This 1-bedroom, 1.5-bathroom residence located at Fifth and West residences features expansive windows and a generously sized balcony. Lots of natural light w/sizable kitchen includes ample storage. Top end finishes include motorized window shades, hard wood floors, Miele appliances, wine refrigerator and Savant home automation. World class amenities include 24-hr concierge, yoga & fitness studio, guest suites, pool, pet park, conference room and so much more. Tenant pays all utilities, and is responsible for building move-in fee of $400 and a $500 refundable deposit. Tenant must change air filter(s) every 30 days. No smokers. Pets negotiable (limit 2), dogs must be under 50 lbs. Current tenant in place through February 2023. 24-Hour Advance Showing Notice. Text tenant to schedule a showing.

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.