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1 bed, 1 bath, 745 sqft on 0.00 acres in Downtown Austin. Austin, TX 78701. Last listed at $279,000, sold September 17, 2025. Austin ISD.
About This Home
Welcome to urban living at its finest in the heart of Austin! This stunning 745 sq. ft. highrise condo at 507 Sabine St offers a perfect blend of modern convenience and sophisticated style. As you step inside, you'll be greeted by soaring high ceilings that enhance the open and airy feel of this exquisite home. The northeastern exposure and huge wall of windows fill the space with natural light, creating a warm and inviting ambiance throughout.This one-bedroom with a primary ensuite bathroom, features new laminate floors throughout that add a touch of contemporary elegance. The living area seamlessly flows to a Juliet balcony, where you can enjoy your morning coffee while taking in the city views. Safety and security are prioritized with controlled access, and convenience is paramount with an elevator and concierge service at your disposal. Located in a vibrant neighborhood, this condo provides easy access to the best of Austin's dining, shopping, and entertainment options. Historic 6th Street is next door, a five-minute walk to Red River music spots, Rainey Street, and Lady Bird Lake biking/walking trails. Directly next to the Waller Creek trail leading to the new Waterloo Greenway. Easily walk to Whole Foods, Target and some of the best restaurants in the city, options include Buenos Aires, Moonshine Grill, Corrine, Koriente, Iron Cactus, Parkside, Casino El Camino, Fogo de Chao, Gus' World Famous Chicken, and many more. Sabine on 5th Lofts was converted from a commercial building in 2007, originally built in 1980. Residents at Sabine are offered membership to The Skyline Spa & Health Club at The Hilton which includes a pool, 24-hour fitness center, and saunas. Photos are virtually staged. Hoa fee includes cable and internet.
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
- $374
- HOA
- $650/mo
- Garage
- 1 spaces
Listing information last updated September 17, 2025.
Listed by Compass RE Texas, LLC
MLS# 7431641 • 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
- Quartz Counters
- Open Floorplan
- Pantry
- Primary Bedroom on Main
- Walk-In Closet(s)
- Wired for Data
- Dishwasher
- Disposal
- Exhaust Fan
- Microwave
- Free-Standing Electric Oven
- Plumbed For Ice Maker
- Free-Standing Electric Range
- Free-Standing Refrigerator
- Stainless Steel Appliance(s)
- Vented Exhaust Fan
- Washer
- Dryer Stacked
- Laminate
- Heating
- Central
- Cooling
- Central Air
Exterior & Lot
- Balcony
- Brick
- Concrete
- Glass
- City Lot
- Slab
- Lot Size
- 0.00 Acres
- Garage
- Garage Spaces
- 1
- Creek
Financial
- HOA Fee
- $650 / mo
- Original List Price
- $350,000
- Price per Sq Ft
- $374
Utilities
- Cable Connected
- Electricity Connected
- High Speed Internet
- Sewer Connected
- Water Connected
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 507 Sabine ST Unit #1010, whoever represented it.
- SoldSeptember 17, 2025Listed at: $350,000MLS 7431641
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
- $279,000
- Original list
- $350,000
- Price movement
- $71K reduction
- Listed / DOM
- Mar 6, 2025
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $293,346
- Assessment Year
- 2025
- Year Built
- 2007
- Parcel ID
- 000000748548
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-22.6% | — | $293,346 | — | — |
2024+3.0% | — | $378,899 | $58,000 | $235,346 |
2023+6.4% | — | $367,773 | $58,000 | $320,899 |
2022+9.8% | — | $345,724 | $58,000 | $309,773 |
2021 | — | $315,000 | $40,600 | $305,124 |
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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.
20% ($56K)
Adjustable assumption - not a lending recommendation.
$279,000
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Keenan Market Position
A sourced read on Downtown Austin pricing, timing, and property scale. No automated valuation claim.
List price
$279,000
Price per sqft
$374/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
Not available
Original to current
$71K reduction
$350K 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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