Active Listing  ·  223 days on market

501 West Ave #3403

Austin, TX 78701
$2,800,000
3 Bed 4 Bath 2,822 sqft $992/sqft Built 2018 0.00 acres 2-Car Garage Pool 5th and West Building

Perched on the 34th floor of 501 West, Unit #3403 is a stunning 3-bedroom, 3.5-bath residence offering over 2,800 sq ft of sophisticated living. With panoramic city views, soundproofed windows and doors, two private terraces, and two garage spaces, this home is a true urban retreat. Elegant interiors feature floor-to-ceiling windows, a gourmet kitchen with Miele appliances, and a spa-like primary suite with a large walk-in closet. Every bedroom has been upgraded with ITALKRAFT custom closets for refined functionality. Smart home features include motorized shades, Sonos audio, a smart thermostat, and keyless entry. 501 West delivers unmatched amenities: a resort-style pool, sky deck, fitness and yoga studio, guest suites, pet park, co-working spaces, and concierge service—all in a premier location, steps from Austin’s best dining, shopping, and entertainment. Don’t miss this opportunity to own a luxury high-rise home in the heart of the city.

At $992/sqft, this home is priced 153% 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 #3403, Austin, TX 78701

Property Details

Price $2,800,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 2,822 sqft
Lot Size 0.00 acres (174.24 sqft)
Year Built 2018
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision 5th and West Building
County Travis
Zip Code 78701
$/sqft $992/sqft
Days on Market ,
HOA $2,516.41/Monthly
Annual Tax Est. $47,795.51
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT218621412
List Date February 11, 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
301 West Ave #4505
Independent Condos
$2,700,000 $1,459 3 bd / 3 ba 1,851 sqft , 2026-09-15
1006 Baylor St #202
Castle East Sub
$2,990,000 $911 3 bd / 4 ba 3,281 sqft , 2026-09-09
210 Lavaca St #2505
The W Austin Residences
$2,995,000 $1,043 3 bd / 4 ba 2,871 sqft , 2026-04-13
1803 Palma Plz
Enfield H
$2,995,000 $1,045 4 bd / 4 ba 2,866 sqft , 2026-06-01
1315 W 9th St #B
1315 W 9th St Condos
$2,999,000 $999 3 bd / 3 ba 3,003 sqft , 2026-08-27

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
$13,440/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
$560,000
20% conventional investment loan

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

Estimated Gross Rent+$13,440
Principal + Interest−$15,281
Property Tax (~2.1% TX avg)−$4,900
Insurance (~0.5%)−$1,167
Est. Monthly Cash Flow $-7,908

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 February 12, 2026.

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