1 bed, 1 bath, 621 sqft in Downtown Austin. Austin, TX 78701. $437,500. Austin ISD.
About This Home
Experience elevated downtown living at The Modern Austin Residences, Austin’s newest premier luxury tower. This 1-bedroom, 1-bath home features 10’4” ceilings, floor-to-ceiling windows, quartz countertops, and a top-of-the-line Wolf range and cooktop. Enjoy beautiful views of Lady Bird Lake from the private balcony and unwind in the spa-inspired bathroom with a walk-in shower and designer finishes. Residents enjoy over 19,000 sq. ft. of luxury amenities, including a lap pool, fitness center, yoga studio, sky lounge, co-working spaces, and 24/7 concierge service.
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
- 2024
- Price / Sq Ft
- $705
- HOA
- $478.17/mo
Listing information last updated November 3, 2026.
Listed by Urbanspace
MLS# 1093557 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Breakfast Bar
- Quartz Counters
- Open Floorplan
- Primary Bedroom on Main
- Built-In Gas Range
- Dishwasher
- Disposal
- Microwave
- Oven
- Tile
- Wood
- Heating
- Electric
- Cooling
- Electric
Exterior & Lot
- Balcony
Financial
- HOA Fee
- $478 / mo
- Original List Price
- $500,000
- Price per Sq Ft
- $705
Utilities
- Cable Available
- Electricity Available
- High Speed Internet
- Natural Gas Available
- Water Available
- Water Source
- Public
Explore this area
Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $437,500
- Original list
- $500,000
- Price movement
- $62.5K reduction
- Listed / DOM
- Oct 31, 2025 · 369 days
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 2026-11-03T15:06:53.668+00:00; normalized from monthly dues.
Illustrative down payment
20% ($88K)
Adjustable assumption - not a lending recommendation.
Home price
$437,500
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
$437,500
Price per sqft
$705/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
369 days
Original to current
$62.5K reduction
$500K 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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