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1 bed, 2 bath, 1,088 sqft on 0.00 acres in Downtown Austin. Austin, TX 78701. Last listed at $645,000, sold April 29, 2022. Austin ISD.
About This Home
Welcome to the 5 Fifty Five luxury condos in the heart of downtown Austin. This luxury condo offers a spacious open floor plan and stunning views. You'll have access to Hilton amenities, 24 hour concierge, floor to ceiling windows facing east, open living/dining space, large master bedroom, upgraded appliances, brand new flooring, motorized window treatments and sound abatement. Parking space is B63 in Hilton Parking Garage level P2, Storage is in Cage 45 in Cage room 715 on the 7th floor.
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
- $593
- HOA
- $750/mo
- Garage
- 1 spaces
- Pool
- Yes
Listing information last updated April 29, 2022.
Listed by Keller Williams - Lake Travis
MLS# 3383364 • 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
- Breakfast Bar
- Ceiling Fan(s)
- High Ceilings
- Chandelier
- Kitchen Island
- No Interior Steps
- Primary Bedroom on Main
- Soaking Tub
- Stackable W
- D Connections
- Storage
- Walk-In Closet(s)
- Dishwasher
- Disposal
- Dryer
- Exhaust Fan
- Gas Range
- Microwave
- Free-Standing Gas Oven
- Plumbed For Ice Maker
- Free-Standing Gas Range
- RNGHD
- Free-Standing Refrigerator
- Stainless Steel Appliance(s)
- Vented Exhaust Fan
- Washer
- Water Heater
- Wine Refrigerator
- Bamboo
- Stone
- Tile
- Heating
- Central
- Cooling
- Central Air
Exterior & Lot
- Balcony
- Lighting
- Masonry – All Sides
- City Lot
- Corner Lot
- Curbs
- Level
- Near Public Transit
- Public Maintained Road
- Pillar
- Post
- Pier
- Roof
- Membrane
- Lot Size
- 0.00 Acres
- Garage
- Gated
- Lighted
- Permit Required
- Paved
- Private
- Storage
- Garage Spaces
- 1
- Pool
- Yes
Financial
- HOA Fee
- $750 / mo
- Original List Price
- $699,000
- Price per Sq Ft
- $593
Utilities
- Cable Connected
- Electricity Connected
- Natural Gas Connected
- Phone Connected
- Sewer Connected
- Water Connected
- Water Source
- Public
- Sewer
- Public Sewer
Explore this area
Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $645,000
- Original list
- $699,000
- Price movement
- $54K reduction
- Listed / DOM
- Mar 11, 2022
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $550,070
- Assessment Year
- 2025
- Year Built
- 2004
- Parcel ID
- 000000703585
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-15.2% | — | $550,070 | — | — |
2024+44.1% | — | $649,020 | $55,950 | $532,363 |
2023+11.2% | — | $450,353 | $55,950 | $593,070 |
2022-4.3% | — | $405,016 | $55,950 | $394,403 |
2021 | — | $423,149 | $55,950 | $349,066 |
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 2026-04-25T02:51:50.833075+00:00; normalized from monthly dues.
Illustrative down payment
20% ($129K)
Adjustable assumption - not a lending recommendation.
Home price
$645,000
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
$645,000
Price per sqft
$593/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
Not available
Original to current
$54K reduction
$699K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Apr 25, 2026.
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