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2 bed, 2 bath, 2,832 sqft on 0.01 acres in Downtown Austin. Austin, TX 78701. Last listed at $1,995,000, sold June 6, 2022. Austin ISD.
About This Home
Live in the sky overlooking downtown Austin in this luxurious modern design condo located on the 30th floor of the 5 Fifty-Five Residences. This stunning and elegant condo features 2 bedrooms each with their own balcony and bathroom, and a dedicated office, which could be 3rd bedroom. Chefs kitchen features Sub-Zero and Wolf appliances and wonderful cabinetry with a plethora of storage. Beautiful granite countertops throughout the condo, motorized shades, and floor to ceiling windows in every room to enjoy the breathtaking views and an abundance of natural light. The open-floor plan, wet bar, and impressive AV system make this the perfect place for entertaining guests. Building has 24hr concierge and have access to Hilton hotel amenities including: room service, pool, restaurants and gym. Within walking distance to the Convention Center, Rainey Street, 6th St, the Warehouse District and the planned Waller Creek District. Enjoy all Austin has to offer and walk to some of the best restaurants and night life in the city from your condo! Please contact listing agent to schedule showings, 24hr notice required.
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
- 0.01 acres
- Price / Sq Ft
- $704
- HOA
- $1,901/mo
- Garage
- 2 spaces
- Pool
- Yes
Listing information last updated June 10, 2022.
Listed by eXp Realty, LLC
MLS# 4806080 • 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
- Bookcases
- High Ceilings
- Granite Counters
- High Speed Internet
- Kitchen Island
- No Interior Steps
- Open Floorplan
- Primary Bedroom on Main
- Recessed Lighting
- Smart Home
- Sound System
- Walk-In Closet(s)
- Wet Bar
- Wired for Data
- Wired for Sound
- Dishwasher
- Disposal
- Gas Cooktop
- Microwave
- Double Oven
- Refrigerator
- Stainless Steel Appliance(s)
- Washer
- Dryer
- Wine Refrigerator
- Tile
- Wood
- Heating
- Natural Gas
- Cooling
- Central Air
Exterior & Lot
- Balcony
- No Exterior Steps
- Metal Siding
- Covered
- Terrace
- Lot Size
- 0.01 Acres
- Assigned
- Garage
- Gated
- Garage Spaces
- 2
- Pool
- Yes
Financial
- HOA Fee
- $1,901 / mo
- Original List Price
- $2,250,000
- Price per Sq Ft
- $704
Utilities
- Cable Available
- Electricity Available
- High Speed Internet
- Natural Gas Available
- Phone Available
- Sewer Available
- Water Available
- Water Source
- Public
- Sewer
- Public Sewer
Explore this area
Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $1,995,000
- Original list
- $2,250,000
- Price movement
- $255K reduction
- Listed / DOM
- Sep 3, 2021
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $1,775,455
- Assessment Year
- 2025
- Year Built
- 2004
- Parcel ID
- 000000703634
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-6.6% | — | $1,775,455 | — | — |
2024-1.8% | — | $1,900,000 | $148,465 | $1,751,535 |
2023+45.0% | — | $1,935,478 | $148,465 | $1,751,535 |
2022-23.8% | — | $1,335,000 | $148,465 | $1,787,013 |
2021 | — | $1,752,017 | $148,465 | $1,186,535 |
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 2026-06-03T14:30:06.511153+00:00; normalized from monthly dues.
Illustrative down payment
20% ($399K)
Adjustable assumption - not a lending recommendation.
Home price
$1,995,000
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
$1,995,000
Price per sqft
$704/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
Not available
Original to current
$255K reduction
$2.3M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 3, 2026.
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