Active Listing  ·  39 days on market

501 West Ave #1304

Austin, TX 78701
$1,050,000
2 Bed 2 Bath 1,327 sqft $791/sqft Built 2018 0.00 acres 2-Car Garage Pool Fifth & West Residences

Residence 1304 at Fifth & West offers a beautifully balanced 2-bedroom, 2-bath floor plan within one of downtown Austin’s premier luxury residential buildings. Set on the 13th floor, this 1,327-square-foot residence offers a highly sought-after layout with floor-to-ceiling windows, motorized shades, and partial Hill Country and downtown views, along with two reserved parking spaces and a private storage unit. The open kitchen is designed for both everyday living and entertaining, with premium Miele appliances, a waterfall island, luxury fixtures, and a clean, neutral palette. The spacious primary suite includes a walk-in closet and spa-inspired bath with marble flooring, a frameless glass shower, and dual vanities. The second bedroom features an ensuite bathroom and walk-in closet of it's own. Wide-plank flooring, recessed lighting, keyless entry, and a Nest thermostat complete the home.

Fifth & West offers a more private, residential experience in the heart of downtown. With fewer residences than many of Austin’s larger towers and no adjoining hotel, the building offers a sense of calm and exclusivity while still delivering exceptional service and elevated amenities. Residents enjoy 24-hour concierge service and more than 20,000 square feet of amenity space, including a resort-style pool and sky deck, fitness center with yoga and spin studios, owner’s lounge, chef’s kitchen and private dining, conference and media spaces, dog park and pet spa, secure bike storage, and two reservable guest suites—an especially valuable extension of the home when friends or family visit.

Conveniently located near Whole Foods, Trader Joe’s, Seaholm, Lady Bird Lake, and the Hike & Bike Trail, Fifth & West offers a true lock-and-leave, car-optional lifestyle with downtown Austin at your doorstep.

At $791/sqft, this home is priced 102% 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

501 West Ave #1304, Austin, TX 78701

Property Details

Price $1,050,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,327 sqft
Lot Size 0.00 acres (82.76 sqft)
Year Built 2018
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Fifth & West Residences
County Travis
Zip Code 78701
$/sqft $791/sqft
Days on Market ,
HOA $1,191.14/Monthly
Annual Tax Est. $21,081.55
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243478563
List Date August 14, 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
555 E 5th St #2901
Five Fifty 05 Condo Amd
$1,050,000 $598 2 bd / 3 ba 1,755 sqft , 2026-08-09
44 East Ave #3604
44 EAST AVE CONDOMINIUMS
$1,050,000 $896 2 bd / 2 ba 1,172 sqft , 2026-09-15
48 East Ave #1310
48 East Condos
$1,049,000 $821 2 bd / 2 ba 1,277 sqft , 2026-03-13
300 Bowie St #1403
Spring Condo Amd
$1,045,000 $619 3 bd / 3 ba 1,687 sqft , 2026-05-30
98 San Jacinto Blvd #1703
Town Lake Residences Condo
$1,099,999 $1,038 1 bd / 1 ba 1,060 sqft , 2026-06-12

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
$5,040/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
$210,000
20% conventional investment loan

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

Estimated Gross Rent+$5,040
Principal + Interest−$5,730
Property Tax (~2.1% TX avg)−$1,838
Insurance (~0.5%)−$438
Est. Monthly Cash Flow $-2,966

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 September 17, 2026.

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