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$440,000
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Perfectly positioned in the heart of Austin, this home offers easy access to the city's vibrant core, placing you just minutes from downtown, UT, and Lady Bird Lake. Step inside to discover a sleek, modern space defined by rich wood floors and an open-concept floorplan filled with natural light from abundant windows. The living room opens to a private outdoor living space, creating a seamless connection for indoor-outdoor entertaining. Unique touches, like a private skylight shower, serve to highlight the home's high-end finishes. At the center of it all is a chef-inspired kitchen featuring sleek quartz counters and a large island, perfect for culinary creation and entertaining. The primary suite is a true retreat, featuring soaring vaulted ceilings and an oversized closet with abundant storage. Built by Homebound, this residence also includes smart home automation for added convenience. Currently operating as a successful Airbnb, the property generated approximately $18,900 in rental income over the past 12 months (March 2025–February 2026) and is offered fully turnkey, including all furnishings, access to the current property manager, and the transfer of any future booked reservations. Your vibrant East Austin lifestyle extends just beyond your doorstep, where you can enjoy a picnic at Springdale Neighborhood Park, grab a coffee at Palomino Coffee, soak in the local music scene at the legendary Sahara Lounge, or enjoy a scenic walk or bike ride along the iconic Ann & Roy Butler Hike and Bike Trail. This stunning East Austin property is ready to be called home. Don't miss your chance.
Property Type
Residential
Year Built
2023
Lot Size
0.07 acres
$/Sq Ft
$431
Garage
1 spaces
Listed by Keller Williams Realty
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Verified property facts
5406 Downs DR Unit #2 is listed at $440,000 with 2 bedrooms, 1 full, 1 half bathrooms, 1,021 square feet, 0.07-acre lot. This places it above the ZIP 78721 single-family closed-sale median price of $437,500 (ZIP 78721 geography · single-family closed sales · median sale price · trailing 12 months as of Sep 3, 2026).
5406 Downs DR Unit #2 is zoned for Austin ISD with assigned schools: Norman-Sims (4/10) (elementary), Martin (2/10) (middle), Lyndon B Johnson (Austin ISD) (high). School assignments should be verified directly with the district.
5406 Downs DR Unit #2 is a Residential built in 2023 featuring 2 bedrooms, 1 full, 1 half bathrooms, 1,021 square feet, 0.07-acre lot.
5406 Downs DR Unit #2 is listed by Keller Williams Realty. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using public records data reviewed as of Jul 3, 2026.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
2 records on file
Every recorded listing, sale, and lease at 5406 Downs DR Unit #2, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Active Under Contract 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 | — | $407,261 | $103,500 | — |

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% ($88K)
Adjustable assumption - not a lending recommendation.
$440,000
Luxury property intelligence
A sourced read on 5406 Downs Drive Condos Bldg 1 pricing, timing, and property scale. No automated valuation claim.
List price
$440,000
Price per sqft
$431/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
Not available
Original to current
No verified reduction
$440K original
Active inventory context
Ask for current inventory
Source: Public records and Keenan Group review as of Jul 3, 2026.
Request Private Market AnalysisZIP-level neighborhoods, schools, lifestyle, and Austin market context
District guide, nearby schools, and homes by attendance area
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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 5406 Downs DR Unit #2. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Jul 3, 2026, 5406 Downs DR Unit #2 is offered at $440,000. The current MLS snapshot shows 68 active listings in 78721. Keenan Group has completed 5 verified transactions in 78721 within its 1,000+ completed transactions and $1B+ career volume across Austin.
5406 Downs DR Unit #2 was built in 2023, making it 3 years old with relatively recent construction.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Car-Dependent
Some Transit
Somewhat Bikeable
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.
2 events on record
Current Price
$440,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $407,261 | $103,500 | — |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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