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#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024Loading
Perched on the 32nd floor and overlooking the Capitol View Corridor—one of the city’s most protected vantage points-this highly sought-after floorplan boasts panoramic views of Downtown and Lady Bird Lake. With 3-bedrooms and 3-bathrooms the residence includes an additional study/flex space and two private, covered terraces perfect for soaking in the cityscape. Floor-to-ceiling windows frame the city skyline and flood the home with natural light. Luxury finishes include wide-plank hardwood flooring, marble bathrooms, a premium Miele appliance package, motorized window shades, and custom closet built-ins.
Nestled in the vibrant Market District, Fifth & West is Austin’s premier boutique high-rise, crafted by renowned architect Michael Hsu. Step outside your front door and into the heart of Austin’s best culture—award-winning restaurants, upscale shopping, live music venues, nightlife, and entertainment are all just steps away. With MoPac just one mile away and the Central Business District nearby, connectivity and convenience are second to none. Enjoy two premium, reserved parking spaces with urban storage container world-class building amenities: 24-hour concierge service, a resort-style pool, resident portico with fire pit, multiple elegant lounge areas, two fully furnished guest suites, a cutting-edge fitness center, a private meeting room, and a beautifully appointed pet park with an adjacent indoor lounge and coffee bar. The controlled-access parking garage ensures peace of mind. Welcome to refined urban living in one of Austin’s most iconic residences. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.
Property Type
Residential
Year Built
2018
Lot Size
0.00 acres
$/Sq Ft
$1,093
HOA
$2485.44/mo
Garage
2 spaces
Pool
Yes
Listed by Moreland Properties
Verified property facts
501 West Ave Unit #3201 is listed at $2,750,000 with 3 bedrooms, 3 full bathrooms, 2,517 square feet, 0.00-acre lot. This places it above the 78701 median of $745,000.
501 West Ave Unit #3201 is zoned for Austin ISD with assigned schools: Mathews (10/10) (elementary), O Henry (middle), Austin (7/10) (high). School assignments should be verified directly with the district.
501 West Ave Unit #3201 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 #3201 is a Residential built in 2018 featuring 3 bedrooms, 3 full bathrooms, 2,517 square feet, 0.00-acre lot.
501 West Ave Unit #3201 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
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 |
|---|---|---|---|---|
2025-26.1% | — | $1,720,522 | — | — |
2024-10.0% | — | $2,329,007 | $35,101 | $1,962,023 |
2023+50.2% | — | $2,587,750 | $35,101 | $2,293,906 |
2022-11.6% | — | $1,723,200 | $35,101 | $2,552,649 |
2021 | — | $1,950,000 | $35,099 | $1,688,101 |
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% ($550K)
$2,750,000
Luxury property intelligence
A sourced read on Downtown Austin pricing, timing, and property scale. No automated valuation claim.
List price
$2,750,000
Price per sqft
$1,093/sqft
Vs. Downtown Austin median
+214.3%
$875K median
Days on market
76 days
Original to current
No verified reduction
$2.8M original
Active inventory context
Ask for current inventory
Price Position in Downtown Austin
Listed 214% above the Downtown Austin median
Source: MLS Grid / Unlock MLS and Keenan Group review as of May 31, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
501 West Ave Unit #3201 is priced at $1,093 per square foot across 2,517 sqft. The Downtown Austin median list price is $875,000.
The most recent annual property tax for 501 West Ave Unit #3201 is $42,061. 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 ($550,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 501 West Ave Unit #3201 is around $17,774 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $2,750,000, 501 West Ave Unit #3201 is in the Downtown Austin market where there are currently 222 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 #3201 was built in 2018, making it 8 years old with relatively recent construction.
501 West Ave Unit #3201 is part of a managed community with HOA dues of $2,485 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.
6 events on record
Current Price
$2,750,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-26.1% | — | $1,720,522 | — | — |
2024-10.0% | — | $2,329,007 | $35,101 | $1,962,023 |
2023+50.2% | — | $2,587,750 | $35,101 | $2,293,906 |
2022-11.6% | — | $1,723,200 | $35,101 | $2,552,649 |
2021 | — | $1,950,000 | $35,099 | $1,688,101 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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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