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1 bed, 1 bath, 693 sqft on 0.00 acres in Downtown Austin. Austin, TX 78701. Last listed at $550,000, sold November 8, 2022. Austin ISD.
About This Home
PENTHOUSE CONDO DOWNTOWN AUSTIN. Amazing West facing views of the TX Capitol and 6th Street. Walking distance to Hike and Bike trails, Rainey Street, 6th Street, Whole Foods, Target and the MetroRail Red Line (0.2 miles). Lady Bird Lake is less than 1 mile. University of TX and the new Moody Center 1.4 miles away. Located on Waller Creek which is part of the Waterloo Greenway/The Confluence. The Waterloo Greenway is currently under construction and once complete the 35 acres of connected green space will span from Lady Bird Lake alongside the condo building to the Waterloo Park and Moody Amphitheater. EXTENSIVE REMODEL: Washer & Dryer, Auto Blinds, Café Appliances, Quartzite Counters, Marble Shower, Robern Fog Free Mirror, Touchless Faucet. INCLUDES 2 PARKING SPACES. Low Utilities. Membership to the Pool, 24 HR Fitness Center & Spa @ The Hilton for $70/month. No Short Term Rentals however there is 12+month lease option available by permit. Owner/LREAgent.
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
- 2007
- Lot Size
- 0.00 acres
- Price / Sq Ft
- $794
- HOA
- $464.51/mo
- Garage
- 2 spaces
Listing information last updated November 13, 2022.
Listed by Keller Williams City-View
MLS# 2200125 • 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
- Breakfast Bar
- High Ceilings
- Quartz Counters
- High Speed Internet
- Kitchen Island
- No Interior Steps
- Primary Bedroom on Main
- Recessed Lighting
- Smart Thermostat
- Dishwasher
- Disposal
- Electric Range
- Microwave
- Refrigerator
- Washer
- Dryer Stacked
- Concrete
- Heating
- Central
- Cooling
- Central Air
Exterior & Lot
- Masonry – All Sides
- Slab
- Roof
- Elastomeric
- Lot Size
- 0.00 Acres
- Assigned
- Garage
- Garage Spaces
- 2
- Creek
Financial
- HOA Fee
- $465 / mo
- Original List Price
- $550,000
- Price per Sq Ft
- $794
Utilities
- High Speed Internet
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 507 Sabine ST Unit #1003, whoever represented it.
- PendingListed 2026Asking rent: $2,499/moOriginal asking rent: $2,499/moMLS 5469185
- Listed · July 30, 2026$2,499/mo
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
- $550,000
- Original list
- $550,000
- Price movement
- No verified reduction
- Listed / DOM
- Jul 5, 2022
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $327,946
- Assessment Year
- 2025
- Year Built
- 2007
- Parcel ID
- 000000748541
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-31.7% | — | $327,946 | — | — |
2024+25.4% | — | $480,144 | $53,500 | $305,578 |
2023+15.1% | — | $382,930 | $53,500 | $426,644 |
2022+12.1% | — | $332,709 | $53,500 | $329,430 |
2021 | — | $296,700 | $37,450 | $295,259 |
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.
20% ($110K)
Adjustable assumption - not a lending recommendation.
$550,000
Luxury property intelligence
Keenan Market Position
A sourced read on Downtown Austin pricing, timing, and property scale. No automated valuation claim.
List price
$550,000
Price per sqft
$794/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
Not available
Original to current
No verified reduction
$550K 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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