3 bed, 3 bath, 2,009 sqft on 0.00 acres in Downtown Austin. Austin, TX 78701. $1,595,000. Austin ISD.
About This Home
Experience elevated downtown living at Fifth & West Residences, a premier luxury high-rise completed in 2019 and designed by acclaimed architect and interior designer Michael Hsu. Perched on the northwest corner of the 24th floor, this exceptional residence showcases sweeping panoramic views through dramatic floor-to-ceiling windows, capturing breathtaking sunsets and the vibrant Austin skyline from nearly every room.
Inside, the expansive open-concept layout blends sophistication with modern comfort. Wide-plank oak flooring, soaring ceilings, quartz surfaces, marble-clad bathrooms, and designer Hansgrohe fixtures create a refined yet welcoming atmosphere. The chef’s kitchen is outfitted with top-of-the-line Miele appliances, sleek cabinetry, and a built-in wine refrigerator, making it equally suited for entertaining or everyday living.
The private primary suite offers a peaceful retreat with a spa-inspired ensuite bath and an impressive custom walk-in closet, while two spacious secondary bedrooms provide flexibility for guests, office space, or additional living needs. Smart home technology is seamlessly integrated throughout, including Savant home automation, motorized shades, keyless entry, WiFi-enabled thermostats, and built-in wiring for sound and data.
This residence also includes two reserved parking spaces with a dedicated electric vehicle charging station.
Fifth & West delivers an unmatched lifestyle with luxury amenities including concierge service, a resort-style pool with panoramic city views, fitness center, owner’s lounge, conference space, outdoor grilling areas, and a private dog park.
Located in the heart of Downtown Austin, you are moments from Trader Joe’s, Seaholm District, the Austin Central Library, Lady Bird Lake and its hike-and-bike trail, Republic Square, Sand Beach Park, Violet Crown Cinema, Ballet Austin, plus some of the city’s best dining, shopping, nightlife, and live music venues.
The northwest corner of the 24th floor at Downtown Austin, 501 West Ave Unit 2404, offers what few downtown Austin properties can deliver: the security and simplicity of a five-star hotel combined with permanent residency. Listed at $1.70 million ($846 per square foot), this 2,009-square-foot three-bedroom, three-bath is positioned for the buyer who values time over maintenance.
Arrival here sets the tone. The building's 24-hour concierge greets you by name. Two reserved parking spaces with dedicated electric vehicle charging eliminate the hunt for parking in downtown Austin. No HOA headaches waiting at your door. You press the elevator button and ascend.
The views hit you first. Floor-to-ceiling windows wrap the northwest corner, capturing sunset light across downtown Austin and Lady Bird Lake. Panoramic sight lines extend across the 78701 zip code from nearly every room. The terrace extends this vantage further, creating outdoor space that feels more hotel suite than typical condo.
The unit itself reflects the 2018 construction quality and Michael Hsu design signature. Wide-plank oak flooring flows through an open floor plan with no interior steps. The kitchen features a gas cooktop, double oven, stainless steel Miele appliances, built-in wine refrigerator, quartz counters, and a kitchen island that functions as both workspace and entertainment hub. Marble bathrooms, recessed lighting, smart thermostat controls, and motorized shades throughout mean the home anticipates your needs before you do.
The primary bedroom anchors the main floor with a spa-quality ensuite featuring a soaking tub, double vanity, and a walk-in closet system. Two secondary bedrooms provide genuine flexibility, whether for guests, a home office with serious space, or adult children. Smart home integration runs through the entire residence via Savant automation and high-speed internet wiring.
Downtown Austin itself functions as a personal retreat. The resort-style pool overlooks downtown. The fitness center eliminates commute time to a gym. The owner's lounge serves as an alternative gathering space. A private dog park sits steps away. This is lock-and-leave luxury: arrive home, the building handles everything else.
Location deepens the value. Seaholm District shops and restaurants sit a five-minute walk north. The Austin Central Library and Trader Joe's anchor the immediate neighborhood. Lady Bird Lake's hike-and-bike trail is less than a ten-minute walk. Austin ISD serves this address through Mathews Elementary, O Henry Middle, and Austin High School. Downtown employers like Dell, Apple, and Tesla tech hubs are minimal commute from this central address.
For the buyer seeking downtown living without the ownership burden, this corner unit combines iconic views, thoughtful design, and concierge-level service in a market where such combinations move fast.
The numbers behind this insight
- Offered at
- $1,595,000
- Listed
- May 28, 2026
- Price changes
- 1, down 6.2% from $1,699,900
- Asking price per sq ft
- $794
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
- $794
- HOA
- $1,811.17/mo
- Garage
- 2 spaces
Listing information last updated October 1, 2026.
Listed by Compass RE Texas, LLC
MLS# 7739502 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Breakfast Bar
- Ceiling-High
- Quartz Counters
- Double Vanity
- High Speed Internet
- Kitchen Island
- No Interior Steps
- Open Floorplan
- Primary Bedroom on Main
- Recessed Lighting
- Smart Home
- Smart Thermostat
- Soaking Tub
- Storage
- Walk-In Closet(s)
- Built-In Oven(s)
- Built-In Refrigerator
- Cooktop
- Dishwasher
- Disposal
- Exhaust Fan
- Gas Cooktop
- Microwave
- Electric Oven
- Double Oven
- RNGHD
- Refrigerator
- Stainless Steel Appliance(s)
- Wine Refrigerator
- Marble
- Tile
- Wood
- Heating
- Central,Electric
- Cooling
- Central Air,Electric
Exterior & Lot
- Balcony
- Glass
- Masonry – Partial
- City Lot
- Views
- Slab
- Terrace
- Roof
- Concrete
- Lot Size
- 0.00 Acres
- Assigned
- Attached
- Garage
- Secured
- Underground
- Garage Spaces
- 2
Financial
- HOA Fee
- $1,811 / mo
- Original List Price
- $1,699,900
- Price per Sq Ft
- $794
Utilities
- Cable Available
- Electricity Available
- High Speed Internet
- Natural Gas Available
- Sewer Available
- Water Available
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 501 West Ave Unit #2404, whoever represented it.
- ActiveListed 2026Current price: $1,595,000Original list: $1,699,900MLS 7739502
- Listed · May 28, 2026$1,699,900
- Price changed · September 14, 2026$1,595,000
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Explore this area
Price & Listing History
Price Change with current price, original ask, and market time.
- Current list
- $1,595,000
- Original list
- $1,699,900
- Price movement
- $104.9K reduction
- Listed / DOM
- May 28, 2026 · 154 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $1,690,000
- Assessment Year
- 2025
- Year Built
- 2018
- Parcel ID
- 000000901462
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-15.1% | — | $1,690,000 | — | — |
2024-6.0% | — | $1,991,489 | $28,148 | $1,813,979 |
2023+46.5% | — | $2,118,605 | $28,148 | $1,963,341 |
2022+0.3% | — | $1,445,855 | $28,148 | $2,090,457 |
2021 | — | $1,441,697 | $28,147 | $1,417,708 |
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 2026-10-15T22:07:06.025+00:00; normalized from monthly dues.
Illustrative down payment
20% ($319K)
Adjustable assumption - not a lending recommendation.
Home price
$1,595,000
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
$1,595,000
Price per sqft
$794/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
154 days
Original to current
$104.9K reduction
$1.7M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.
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