Active Listing  ·  98 days on market

311 W 5th St #1002

Austin, TX 78701
$1,070,000
2 Bed 2 Bath 1,897 sqft $564/sqft Built 2002 0.01 acres 2-Car Garage Pool Plaza Lofts Condo Amd

Residence #1002 at Plaza Lofts is a southwest corner home with walls of windows and a generous balcony overlooking Republic Square Park. Among the largest 2-bedroom, 2-bath condos in Downtown Austin at this price point, it delivers exceptional scale, natural light, and impressive views.

The loft-style layout features expansive living, dining, and kitchen areas designed for both entertaining and daily living. Interior updates create a clean, modern aesthetic, including motorized shades, gallery lighting, and updated fixtures. Both bathrooms offer custom cabinetry, while the primary suite is enhanced with a redesigned shower, built-in bench, and added storage. Glass transoms above the loft walls provide added privacy without sacrificing light. Additional highlights include custom wine storage and two reserved garage parking spaces.

This 12-story boutique building offers a more refined, low-density lifestyle with a rooftop pool, fitness center, and full-time concierge and security. Just outside your door, enjoy the farmers market, outdoor yoga, and the vibrant energy of downtown, all anchored by a premier park-front setting.

At $564/sqft, this home is priced 44% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

311 W 5th St #1002, Austin, TX 78701

Property Details

Price $1,070,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,897 sqft
Lot Size 0.01 acres (239.58 sqft)
Year Built 2002
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Plaza Lofts Condo Amd
County Travis
Zip Code 78701
$/sqft $564/sqft
Days on Market ,
HOA $1,951/Monthly
Annual Tax Est. $11,183.48
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT227876703
List Date April 28, 2026
Elementary School Mathews
Middle School O Henry
High School Austin
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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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
4911 Duval St
James P Wallace League
$1,075,000 $496 3 bd / 3 ba 2,167 sqft , 2026-03-13
44 East Ave #2610
44 East Ave. Condominiums
$1,059,000 $840 2 bd / 2 ba 1,260 sqft , 2026-03-18
2611 Oak Crest Ave #B
Oak Ridge Heights Sec 01
$1,085,000 $628 3 bd / 3 ba 1,727 sqft , 2026-04-17
613 W Annie St #A
613 West Annie Street Condomin
$1,085,000 $697 2 bd / 3 ba 1,556 sqft , 2026-05-13
900 S 2nd St #21
Bouldin Court Condos
$1,085,000 $658 3 bd / 3 ba 1,650 sqft , 2026-06-25

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
$5,136/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
$214,000
20% conventional investment loan

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

Estimated Gross Rent+$5,136
Principal + Interest−$5,839
Property Tax (~2.1% TX avg)−$1,873
Insurance (~0.5%)−$446
Est. Monthly Cash Flow $-3,022

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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