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555 E 5th St # 3122, Austin, TX 78701
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3 bed, 3 bath, 4,100 sqft on 0.01 acres in Downtown Austin. Austin, TX 78701. Last listed at $1,500,000, sold October 29, 2010. Austin ISD.
About This Home
Rare opportunity to invest/live/work/play in one of Austin's most exclusive high rise residences. The Five Fifty Five penthouse at the top of the Hilton Hotel exudes sexiness and over-the-top luxury with 24 hour concierge service, breath-taking views of downtown Austin, the Frost Tower, Lady Bird Lake, 6th Street, and more.. .. The owner paid $2.4mil, and is listing for $1.5mil. Guest Accommodations: Yes Restrictions: Yes
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
Listing information last updated January 22, 2021.
Listed by MLS Member Office
MLS# 213961 • 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
Exterior & Lot
- Lot Size
- 0.01 Acres
Financial
- Original List Price
- $1,500,000
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Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- Not available
- Original list
- $1,500,000
- Price movement
- No verified reduction
- Listed / DOM
- Sep 28, 2010
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $2,749,990
- Assessment Year
- 2025
- Year Built
- 2004
- Parcel ID
- 000000703640
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-14.0% | — | $2,749,990 | — | — |
2024+32.0% | — | $3,198,672 | $205,940 | $2,935,000 |
2023+10.8% | — | $2,422,517 | $205,940 | $2,992,732 |
2022+0.9% | — | $2,187,028 | $205,940 | $2,216,577 |
2021 | — | $2,168,050 | $205,940 | $1,981,088 |
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.
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Keenan Market Position
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List price
Not available
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
Not available
Original to current
No verified reduction
$1.5M original
Active inventory context
Ask for current inventory
Source: Public records and Keenan Group review as of Mar 26, 2026.
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