Active Listing  ·  15 days on market

501 West Ave #3404

Austin, TX 78701
$1,850,000
3 Bed 3 Bath 2,009 sqft $921/sqft Built 2018 2-Car Garage Pool 5th & West Condominiums

Perched high above downtown Austin in the coveted 5th & West Residences, this stunning three-bedroom northwest corner residence pairs sophisticated interiors with sweeping panoramic views of the city and surrounding Hill Country. Expansive walls of glass frame some of Austin’s most iconic landmarks, including the Texas State Capitol and UT Tower, while upgraded dual-pane windows provide enhanced sound insulation for a peaceful retreat above the energy of downtown.

The light-filled, open-concept living and dining areas feature warm wood flooring and breathtaking views from nearly every angle. Designed for both everyday living and entertaining, the chef’s kitchen features an oversized waterfall-edge island with bar seating, sleek custom cabinetry, quartz countertops and backsplash, gas cooking, and premium Miele appliances.

The thoughtfully designed three-bedroom floor plan offers flexibility for guests, a home office, or additional living space, while custom closets throughout provide exceptional storage. The primary suite is a serene retreat with expansive views across Austin and a spa-inspired marble bath featuring dual vanities, a soaking tub, seamless glass shower, and generously appointed custom closet.

Residents of 5th & West enjoy an impressive collection of luxury amenities, including 24-hour concierge service, a state-of-the-art fitness center, dedicated yoga and Pilates studio, owner’s lounge with chef’s kitchen, guest suites, sky deck, private dog park, coffee stations, and conference rooms.

Beyond the building, enjoy one of downtown Austin’s most desirable and walkable locations, just steps from Lady Bird Lake and the hike-and-bike trail, the 2nd Street District, Seaholm District, Trader Joe’s, Whole Foods Market, acclaimed dining, shopping, & entertainment. With its coveted views from the 34th floor, thoughtful upgrades, and exceptional building amenities, this residence offers a rare opportunity to experience elevated downtown living at its finest.

At $921/sqft, this home is priced 135% 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 #3404, Austin, TX 78701

Property Details

Price $1,850,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 2,009 sqft
Lot Size ,
Year Built 2018
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision 5th & West Condominiums
County Travis
Zip Code 78701
$/sqft $921/sqft
Days on Market ,
HOA $1,811/Monthly
Annual Tax Est. $35,375.74
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246537434
List Date September 23, 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
44 East Ave #3707
44 East Ave Condos
$1,865,000 $936 3 bd / 3 ba 1,993 sqft , 2026-05-01
44 East Ave #2101
44 East Ave Condos
$1,895,000 $933 3 bd / 3 ba 2,032 sqft , 2026-10-02
313 W 17th St #1507
The Linden Residences
$1,800,000 $933 3 bd / 3 ba 1,930 sqft , 2026-09-11
610 Davis St #2312
The Modern Austin Residences
$1,770,000 $973 3 bd / 3 ba 1,820 sqft , 2026-09-25
222 West Ave #1901
Seaholm Residences Residential
$1,999,999 $898 3 bd / 3 ba 2,227 sqft , 2026-03-20

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
$8,880/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
$370,000
20% conventional investment loan

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

Estimated Gross Rent+$8,880
Principal + Interest−$10,096
Property Tax (~2.1% TX avg)−$3,238
Insurance (~0.5%)−$771
Est. Monthly Cash Flow $-5,225

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 24, 2026.

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