Active Listing  ·  390 days on market

1801 Lavaca St #5F

Austin, TX 78701
$517,600
2 Bed 2 Bath 1,294 sqft $400/sqft Built 1964 0.01 acres 1-Car Garage Pool Cambridge Condo Amd

Welcome to Unit 5F at Cambridge Tower, Austin’s first landmark luxury high-rise condominium, proudly listed on the National Register of Historic Places. Built in 1964, Cambridge Tower blends timeless mid-century design with modern convenience, all in a prime location near Downtown, the University of Texas, Dell Medical School, and the Texas State Capitol. This spacious 2-bedroom, 2-bath residence offers 1,294 sq. ft. of thoughtfully designed living space. The open-concept floor plan is filled with natural light from floor-to-ceiling windows, while the renovated kitchen has been opened to create seamless flow for entertaining. A full-length balcony offers city views. The primary suite easily accommodates a king-sized bed and seating area. It features an ensuite bath with dual vanities and a walk-in, cedar-lined closet. The secondary bedroom and bath offer flexibility for guests, a home office, or creative space. Residents enjoy all-inclusive HOA benefits, covering electricity, water, internet, TV/basic cable, and trash. The amenities include: 24-hour concierge, sparkling pool & spa, gazebo, rooftop deck with sweeping city views, fitness center, conference & business center, BBQ area and an inviting lobby. A reserved parking space with storage in the secured underground garage completes this exceptional offering. This is your opportunity to own a piece of Austin history while enjoying the comfort and convenience of modern downtown living. Ask about the lender incentives for a rate buydown. Seller will credit the buyer with $30k to upgrade as they like.

At $400/sqft, this home is priced 2% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1801 Lavaca St #5F, Austin, TX 78701

Property Details

Price $517,600
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,294 sqft
Lot Size 0.01 acres (331.06 sqft)
Year Built 1964
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Cambridge Condo Amd
County Travis
Zip Code 78701
$/sqft $400/sqft
Days on Market ,
HOA $1,489/Monthly
Annual Tax Est. $11,252.15
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT203805161
List Date August 28, 2025
Elementary School Lee
Middle School Kealing
High School McCallum
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · August 28, 2025 $619,000
Previous ask $550,000
Current ask $517,600
Reduced $101,400 (-16.4%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
908 Nueces St #18
Celia's Court
$525,000 $457 2 bd / 2 ba 1,150 sqft , 2025-12-12
910 W 25th St #406
Galileo At 25 Condo
$525,000 $313 3 bd / 2 ba 1,675 sqft , 2026-07-05
800 Embassy Dr #337
Tyndall at Robertson Hill Condominiums
$525,000 $391 2 bd / 2 ba 1,344 sqft , 2026-09-03
910 W 25th St #403
Galileo At 25 Condo
$499,999 $400 3 bd / 3 ba 1,250 sqft , 2025-06-16
2500 Longview St #300
Cascade Condominiums
$499,999 $407 2 bd / 2 ba 1,229 sqft , 2026-04-16

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$2,484/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$103,520
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$2,484
Principal + Interest−$2,825
Property Tax (~2.1% TX avg)−$906
Insurance (~0.5%)−$216
Est. Monthly Cash Flow $-1,463

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on August 22, 2026.

📞 (254) 718-2567 [email protected] More about Luke →