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1 bed, 1 bath, 846 sqft on 0.00 acres in Downtown Austin. Austin, TX 78701. Last listed at $715,000, sold October 20, 2023. Austin ISD.
About This Home
Come home to this lovely one bedroom one bathroom condo on the 9th floor of Fifth & West residences. The central and open kitchen features stainless steel Miele appliances and a huge quartz island which includes a breakfast bar. The light-filled master bedroom features a private terrace, a luxurious spa-like bats and walk in closet, fully customized by California Closets. One reserved parking space on the end of a row convenient to the elevator with an E/V charger and a dedicated storage unit are included. Full size washer and dryer in the condo also convey. The finishes throughout the residence are truly timeless. From the Italkraft cabinets in the kitchen and bathrooms to the recessed door handles, soft-closing Blum hardware, Savant lighting and motorized shades every detail has been meticulously designed and crafted. Located in the heart of the Market District, 5th and West is close to Whole Foods, Trader Joes, the fun on West 6th Street and the trails of Lady Bird Lake. Over 20,000 SF of amenities designed by Michael Hsu Office of Architecture offer a place for everyone to enjoy downtown living in this low density luxury community. One can laze by the resort style pool or the outdoor bar and grill, spend time in one of the multiple residents lounges, break a sweat in the Fitness or Yoga/Pilates studio, or spend time with your furry friend in the 5th floor Dog Park and Grooming Station. The catering kitchen and connected dining area are perfect for hosting an incredible dinner or wine tasting event for friends and family. Security and privacy are paramount, and evident in the 24 hour concierge desk, cameras throughout the common areas, and card readers at all entryways, elevators and residences, which require a key fob to grant access. Two guest units located on the 6th floor allow friends and family to spend the night on site.
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
- $845
- HOA
- $660/mo
- Garage
- 1 spaces
Listing information last updated October 20, 2023.
Listed by Compass RE Texas, LLC
MLS# 5145779 • Closed
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Properties displayed may be listed or sold by various participants in the MLS.
Highlights
Facts & Features
Interior
- Ceiling Fan(s)
- High Ceilings
- Granite Counters
- Kitchen Island
- No Interior Steps
- Open Floorplan
- Primary Bedroom on Main
- Built-In Oven(s)
- Dishwasher
- Disposal
- Gas Cooktop
- Microwave
- Refrigerator
- Washer
- Dryer Stacked
- Tile
- Heating
- Central,Electric
- Cooling
- Central Air,Electric
Exterior & Lot
- Balcony
- No Exterior Steps
- Concrete
- Glass
- Public Maintained Road
- Views
- Slab
- Roof
- Metal
- Lot Size
- 0.00 Acres
- Attached
- Garage
- Gated
- Garage Spaces
- 1
Financial
- HOA Fee
- $660 / mo
- Original List Price
- $825,000
- Price per Sq Ft
- $845
Utilities
- Electricity Connected
- Sewer Connected
- Water Connected
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 501 West Ave Unit #902, whoever represented it.
- LeasedMay 25, 2026Asking rent: $3,500/moMLS 3746452
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
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Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $715,000
- Original list
- $825,000
- Price movement
- $110K reduction
- Listed / DOM
- Jan 25, 2023
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $480,179
- Assessment Year
- 2025
- Year Built
- 2018
- Parcel ID
- 000000901379
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-26.1% | — | $480,179 | — | — |
2024-10.3% | — | $650,000 | $11,785 | $545,590 |
2023+36.0% | — | $724,572 | $11,785 | $712,787 |
2022+0.1% | — | $532,957 | $11,785 | $712,787 |
2021 | — | $532,588 | $11,785 | $521,172 |
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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 2026-04-25T02:51:50.833075+00:00; normalized from monthly dues.
Illustrative down payment
20% ($143K)
Adjustable assumption - not a lending recommendation.
Home price
$715,000
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
$715,000
Price per sqft
$845/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
Not available
Original to current
$110K reduction
$825K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Apr 25, 2026.
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