2 bed, 2 bath, 1,755 sqft on 0.00 acres in Downtown Austin. Austin, TX 78701. $997,000. Austin ISD.
About This Home
Experience downtown Austin living from the NE corner of the 29th floor at 5FiftyFive, where a private residence meets the convenience of a full-service hotel. At 1,755 square feet, #2901 is one of the building’s larger floor plans, with 12-foot ceilings, walls of glass, 2 private balconies, & expansive views across downtown, UT Austin & beyond.
The kitchen features Wolf/Sub-Zero appliances, a six-burner gas range, double ovens & sub-zero refrigerator. Both bedrooms have walk-in California Closets, with a balcony off the primary suite & a second off the living area. Two generous parking spaces in the secure garage & the unit's private storage space add valuable functionality.
Residents can enjoy 24-hour concierge, room service, spa & fitness facilities, rooftop pool & hot tub, Topgolf Swing Suite & access to on-site F45 Training. 2 restaurants, Starbucks & a UPS Store are located in the adjoining lobby. The building's roof was replaced in 2025, with a fully paid residential hallway renovation scheduled for Jan. 2027.
Beyond the building, this location puts an exceptional cross-section of Austin within blocks. The Austin Convention Center is directly across the street, with its $1.6B redevelopment underway & reopening planned for 2029. Newly opened Waterloo Greenway provides a landscaped connection toward Lady Bird Lake & the Butler Hike-&-Bike Trail. East Sixth Street, Rainey Street, the Red River Cultural District, Antone’s, Esther’s Follies, Comedy Mothership, Waterloo Park & Moody Amphitheater are nearby, along with restaurants ranging from casual to fine dining. Target & Whole Foods are approximately 2 blocks away with indoor validated parking, & Downtown Station provides nearby rail access. 5FiftyFive is also positioned near the planned Austin Light Rail route—placing this condo at the intersection of downtown living, culture, green space & Austin’s evolving transportation network.
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
- Lot Size
- 0.00 acres
- Price / Sq Ft
- $568
- HOA
- $1,499.72/mo
- Garage
- 2 spaces
Listing information last updated October 26, 2026.
Listed by Christies Intl Real Estate Lone Star
MLS# 5057719 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Breakfast Bar
- Ceiling-High
- Kitchen Island
- Primary Bedroom on Main
- Recessed Lighting
- Soaking Tub
- Storage
- Walk-In Closet(s)
- Wired for Sound
- Built-In Gas Oven
- Dishwasher
- Disposal
- Microwave
- Refrigerator
- Washer
- Dryer
- Wine Refrigerator
- Bamboo
- Carpet
- Tile
- Wood
- Heating
- Central
- Cooling
- Central Air
Exterior & Lot
- Balcony
- Restricted Access
- Glass
- Stucco
- Corner Lot
- Level
- Slab
- Roof
- Flat Tile
- Lot Size
- 0.00 Acres
- Assigned
- Garage
- Garage Spaces
- 2
Financial
- HOA Fee
- $1,500 / mo
- Original List Price
- $1,120,000
- Price per Sq Ft
- $568
Utilities
- Electricity Available
- Natural Gas Available
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
2 records on file
Every recorded listing, sale, and lease at 555 E 5th ST Unit #2901, whoever represented it.
- ActiveListed 2026Current price: $997,000Original list: $1,120,000MLS 5057719
- Listed · August 9, 2026$1,120,000
- Price changed · September 11, 2026$1,050,000
- Price changed · October 6, 2026$997,000
- ExpiredListed 2024Current price: $1,350,000Original list: $1,500,000MLS 8269459
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
Price Change with current price, original ask, and market time.
- Current list
- $997,000
- Original list
- $1,120,000
- Price movement
- $123K reduction
- Listed / DOM
- Aug 9, 2026 · 87 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $885,773
- Assessment Year
- 2025
- Year Built
- 2004
- Parcel ID
- 000000703621
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-30.1% | — | $885,773 | — | — |
2024+19.0% | — | $1,267,777 | $91,985 | $918,038 |
2023+10.9% | — | $1,065,754 | $91,985 | $1,175,792 |
2022+7.2% | — | $960,793 | $91,985 | $973,769 |
2021 | — | $896,000 | $91,985 | $868,808 |
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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 2026-10-26T22:46:13.856+00:00; normalized from monthly dues.
Illustrative down payment
20% ($199K)
Adjustable assumption - not a lending recommendation.
Home price
$997,000
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
$997,000
Price per sqft
$568/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
87 days
Original to current
$123K reduction
$1.1M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 26, 2026.
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