2 bed, 2 bath, 1,454 sqft in Downtown Austin. Austin, TX 78701. $995,000. Austin ISD.
About This Home
Experience elevated downtown living with one of the most breathtaking and unique views in the city—featuring panoramic sights of the skyline, Lady Bird Lake, and the western hills.
This beautifully remodeled condo is move-in ready and designed to impress. Soaring ceilings and floor-to-ceiling windows flood the space with natural light, highlighting the open and spacious layout. The living area features a stunning wood accent wall, complemented by modern fixtures and gorgeous updated hardwood flooring throughout. Custom California Closets and abundant storage add both style and functionality.
The chef-grade kitchen is perfect for cooking at home—but when you prefer not to, enjoy the convenience of 24-hour room service.
Residents enjoy full access to premier hotel amenities, including: 24-hour concierge service, Room service, Two on-site restaurants, Lobby Starbucks, Luxury spa, Fitness center & rooftop pool with hot tub, Exclusive discount on hotel services.
Additional perks include concierge dry cleaning pickup and delivery, on-site maintenance, and optional membership to F45 Training.
Located in the heart of downtown, you’re just a short walk from Rainey Street, 6th Street, Target, Whole Foods, the Convention Center, Eddie V’s, and countless restaurants and nightlife options.
This property also offers two assigned parking spaces and exceptional long-term value with major upcoming developments nearby, including the East Sixth Street redevelopment, Project Connect light rail expansion, and Convention Center redevelopment/expansion.
A rare opportunity to own a spacious, luxury condo with unmatched views and access to the very best of Austin living.
*Buyer to independently verify all information including but not limited to square footage, schools, hoa dues, restrictions, taxes, etc. Seller is a licensed real estate agent. P2 Garage: Spots B41 and B104
The view from Unit 2826 at 555 E 5th Street in downtown Austin captures Lady Bird Lake, the western hills, and the city skyline in a single panorama that changes with every hour of daylight. This two-bedroom, two-bath condominium in the Five Fifty 05 development occupies 1,454 square feet and sits at $684 per square foot, offering direct access to urban amenities without sacrificing the sense of a personal sanctuary elevated above the street.
The interior design reflects a full renovation. Floor-to-ceiling windows flood the open floor plan with natural light while the soaring ceilings amplify the sense of space. Wood accent walls and updated hardwood flooring anchor the living areas, while the kitchen features quartz counters, a built-in gas range, and an eat-in layout that opens directly to the living space. California Closets and recessed lighting throughout maximize functionality and visual flow. The primary bedroom sits on the main floor with a walk-in closet, and the second bedroom provides flexibility for guests or home office use.
The building itself operates as a hotel-residency hybrid, which means Unit 2826 residents access 24-hour concierge service, on-site room service, a rooftop pool with hot tub, a full spa, and two on-site restaurants without leaving the property. The fitness center and lobby Starbucks serve daily convenience. Two assigned garage parking spaces (B41 and B104) remain separate from the building's lifestyle amenities.
Location places this unit within walking distance of Rainey Street's entertainment venues, 6th Street's bar scene, and Whole Foods Market. The Convention Center sits nearby. Austin ISD serves the property through Mathews Elementary, O Henry Middle, and Austin High School. Downtown commute times to tech campuses at Dell, Apple, Tesla, and Domain range between 15-25 minutes depending on traffic patterns, while Austin-Bergstrom International Airport sits roughly 20 minutes south via I-35.
Significant infrastructure development surrounds the area. Project Connect light rail expansion and the East Sixth Street redevelopment project will reshape the immediate corridor over the next several years. The Convention Center redevelopment adds another growth vector. For buyers seeking downtown ownership with view premium and building amenities bundled together, this unit offers rare access to both.
The numbers behind this insight
- Offered at
- $995,000
- Listed
- March 25, 2026
- Asking price per sq ft
- $684
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
- 2004
- Price / Sq Ft
- $684
- HOA
- $1,229.05/mo
- Garage
- 2 spaces
- Pool
- Yes
Listing information last updated November 2, 2026.
Listed by The Leaders Realty, LLC
MLS# 7814034 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Breakfast Bar
- Built-in Features
- Ceiling-High
- Quartz Counters
- Eat-in Kitchen
- Entrance Foyer
- No Interior Steps
- Open Floorplan
- Primary Bedroom on Main
- Recessed Lighting
- Walk-In Closet(s)
- Built-In Gas Range
- Dishwasher
- Microwave
- Tile
- Wood
- Heating
- Central
- Cooling
- Central Air
Exterior & Lot
- Balcony
- City Lot
- Assigned
- Garage
- Garage Spaces
- 2
- Pool
- Yes
Financial
- HOA Fee
- $1,229 / mo
- Original List Price
- $995,000
- Price per Sq Ft
- $684
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 555 E 5th ST Unit #2826, whoever represented it.
- ActiveListed 2026Current price: $995,000Original list: $995,000MLS 7814034
- Listed · March 25, 2026$995,000
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
Listed with current price, original ask, and market time.
- Current list
- $995,000
- Original list
- $995,000
- Price movement
- No verified reduction
- Listed / DOM
- Mar 25, 2026 · 224 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $800,000
- Assessment Year
- 2025
- Year Built
- 2004
- Parcel ID
- 000000703618
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-36.0% | — | $800,000 | — | — |
2024+58.8% | — | $1,250,141 | $76,215 | $955,172 |
2023+12.2% | — | $787,361 | $76,215 | $1,173,926 |
2022+1.3% | — | $701,874 | $76,215 | $711,146 |
2021 | — | $693,172 | $76,215 | $625,659 |
Virtual Tour

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 2026-11-03T04:28:05.965+00:00; normalized from monthly dues.
Illustrative down payment
20% ($199K)
Adjustable assumption - not a lending recommendation.
Home price
$995,000
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
$995,000
Price per sqft
$684/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
224 days
Original to current
No verified reduction
$995K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Nov 3, 2026.
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