Active Listing  ·  35 days on market

501 West Ave #2004

Austin, TX 78701
$1,650,000
3 Bed 3 Bath 2,009 sqft $821/sqft Built 2018 0.00 acres 2-Car Garage Pool Fifth & West

This beautifully appointed 3 bedroom, 3 bathroom corner residence at Fifth & West overflows with natural light and features stunning hill country and city views through expansive walls of windows. This residence includes motorized window shades, hardwood floors, Miele appliance collection, built-in wine chiller, Savant home automation, and two reserved parking spaces plus an EV car charger. Fifth & West reframes the art of living downtown with striking residences, a perfect downtown location and world class amenities including 24-hour concierge, yoga and fitness studios, guest suites, a rooftop pool, pet park, conference room and more. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.

At $821/sqft, this home is priced 109% 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 #2004, Austin, TX 78701

Property Details

Price $1,650,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 2,009 sqft
Lot Size 0.00 acres (126.32 sqft)
Year Built 2018
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Fifth & West
County Travis
Zip Code 78701
$/sqft $821/sqft
Days on Market ,
HOA $1,767.92/Monthly
Annual Tax Est. $32,798.2
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243747183
List Date August 18, 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
210 Lavaca St #1912
Condo
$1,649,999 $1,040 2 bd / 3 ba 1,587 sqft , 2026-03-13
610 Davis St #2112
The Modern Austin Residences
$1,663,500 $914 3 bd / 3 ba 1,820 sqft , 2026-06-05
44 East Ave #4205
44 EAST
$1,625,000 $1,019 3 bd / 3 ba 1,594 sqft , 2026-03-05
501 West Ave #1604
Fifth & West Residences
$1,625,000 $809 3 bd / 3 ba 2,009 sqft , 2026-06-19
1001 Daniel Dr
Arboles Terrace
$1,625,000 $700 4 bd / 3 ba 2,321 sqft , 2026-09-18

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
$7,920/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
$330,000
20% conventional investment loan

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

Estimated Gross Rent+$7,920
Principal + Interest−$9,005
Property Tax (~2.1% TX avg)−$2,888
Insurance (~0.5%)−$688
Est. Monthly Cash Flow $-4,661

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 24, 2026.

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