
3 bed, 3 bath, 2,822 sqft in Downtown Austin. Austin, TX 78701. $3,999,999. Austin ISD.
Experience unparalleled luxury in this northeast-facing 38th floor penthouse at the prestigious Fifth & West Residence Tower in downtown Austin. This elegant 3-bedroom, 3.5-bath residence boasts floor-to-ceiling windows with breathtaking views of Lady Bird Lake, the Capitol, and the hill country. Watch the sunrise over the lake from the comfort of your living room. The exquisite kitchen, featuring Miele appliances and marble countertops, flows seamlessly into spacious living areas, perfect for entertaining. The owner's suite offers a private balcony, spa-like bath, dual closets, and a dressing area. The junior penthouse features double pane windows, cork ceilings, and a built in sound system to create a serene and peaceful space. With three reserved parking spaces and access to exclusive amenities, this home exemplifies modern sophistication.
The 38th floor penthouse at 501 West Ave Unit 3803 in Austin's Fifth & West Residence Tower positions you directly above Lady Bird Lake with unobstructed northeast exposure that captures the water's movement from sunrise to sunset. This 2,822 square foot residence sits in the heart of downtown Austin's 78701 ZIP code, where floor-to-ceiling windows frame continuous views of the lake, the Capitol building, and the Hill Country beyond. The water's presence defines every room here - not as a distant backdrop but as an active part of your daily rhythm.
The primary living space flows around this view rather than toward it, with an open floor plan that connects the kitchen island to the main living areas without interruption. Marble flooring extends from the entry through to the terrace, creating a visual continuity that dissolves the boundary between interior and exterior. Built-in gas cooking, stone countertops, and a wine refrigerator support an entertaining lifestyle where guests naturally gravitate toward the windows. The sound of the lake carries through the double-pane glass on quieter mornings - the subtle reminder that you're living at the convergence of water and city.
The owner's suite claims the prime position with its own balcony overlooking Lady Bird Lake. A spa-like bathroom, dual walk-in closets, and dedicated dressing area complete a retreat space that reinforces why penthouse living at this elevation matters. Two additional bedrooms and full baths serve family or guest needs without compromise. Smart home technology manages systems throughout, while recessed lighting and cork ceiling treatments create acoustic control that keeps the space tranquil despite the urban setting 38 stories below.
This residence sits in Austin ISD, with Mathews Elementary, O Henry Middle School, and Austin High School serving the downtown corridor. The three-car parking garage addresses the practical reality of downtown living while Sixth Street, Congress Avenue, and Lady Bird Lake Park remain steps away. Built in 2018, Downtown Austin represents modern construction standards with the maturity of a proven address. At $1,417 per square foot, this penthouse reflects the premium attached to elevation, water views, and Capitol views combined in downtown Austin's most refined residential tower. Living here means waking to the lake's daily transformation and ending your day watching light cross the water - a fluid rhythm that anchors luxury living to something larger than the building itself.
Keenan Luxury Market Index: $3M-$5M single-family homes across the Austin area sold at a median $734 per sq ft over the trailing 12 months (181 sales), as of October 15, 2026.
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 guideVerified property facts
501 West Ave Unit #3803 is listed at $3,999,999 with 3 bedrooms, 3 full, 1 half bathrooms, 2,822 square feet. This places it above the ZIP 78701 single-family, condominium, and townhouse closed-sale median price of $635,625 (ZIP 78701 geography · single-family, condominium, and townhouse closed sales · median sale price · trailing 12 months as of Oct 15, 2026).
501 West Ave Unit #3803 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 #3803 is a Residential built in 2018 featuring 3 bedrooms, 3 full, 1 half bathrooms, 2,822 square feet.
The most recent annual property tax for 501 West Ave Unit #3803 is $51,149. 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.
#1 Austin Board of Realtors Team. 1,000+ homes sold and $1B+ in career sales over 25+ years in Austin.
25+ years advising buyers and sellers in this community
Listing information last updated May 23, 2026.
Listed by Vince Realty
MLS# 6826986 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
1 record on file
Every recorded listing, sale, and lease at 501 West Ave Unit #3803, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
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 |
|---|---|---|---|---|
2025-12.7% | — | $2,499,366 | $39,106 | — |
2024-20.7% | — | $2,861,700 | $39,106 | $2,607,967 |
2023+42.3% | — | $3,610,144 | $39,106 | $2,822,594 |
2022+5.7% | — | $2,536,894 | $39,106 | $3,571,038 |
2021 | — | $2,400,000 | $39,104 | $2,497,790 |
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 2026-10-15T12:07:19.533+00:00; normalized from monthly dues.
20% ($800K)
Adjustable assumption - not a lending recommendation.
$3,999,999
Luxury property intelligence
A sourced read on Downtown Austin pricing, timing, and property scale. No automated valuation claim.
List price
$3,999,999
Price per sqft
$1,417/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
195 days
Original to current
No verified reduction
$4M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.
Request Private Market AnalysisLifestyle, schools, market context, and homes in Downtown Austin
Active listings and buyer search context in Downtown Austin
ZIP-level neighborhoods, schools, lifestyle, and Austin market context
District guide, nearby schools, and homes by attendance area
Private Austin CMA, TCAD context, and pricing strategy
Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
This page does not assume a mortgage rate or publish a monthly payment for 501 West Ave Unit #3803. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Oct 15, 2026, 501 West Ave Unit #3803 is offered at $3,999,999. The current MLS snapshot shows 211 active listings in 78701. Keenan Group has completed 12 verified transactions in 78701 within its 1,000+ completed transactions and $1B+ career volume across Austin. See Keenan Group's Downtown Austin guide for current neighborhood analysis.
501 West Ave Unit #3803 was built in 2018, making it 8 years old with relatively recent construction.
The MLS listing reports HOA or association dues of $2,516 monthly for 501 West Ave Unit #3803. It does not establish included amenities, services, rules, reserves, or current assessments; verify those items in current association documents.
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)
Homes sold by Keenan Group.
11 events on record
Current Price
$3,999,999
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-12.7% | — | $2,499,366 | $39,106 | — |
2024-20.7% | — | $2,861,700 | $39,106 | $2,607,967 |
2023+42.3% | — | $3,610,144 | $39,106 | $2,822,594 |
2022+5.7% | — | $2,536,894 | $39,106 | $3,571,038 |
2021 | — | $2,400,000 | $39,104 | $2,497,790 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
Comparable homes that recently closed in this area
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.
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.
Looking for more homes in Downtown Austin?
Contact an Expert →Near This Home
Active listings in the same neighborhood or ZIP search area. More homes in Downtown Austin
Recent sales for market context