Active Listing  ·  132 days on market

555 E 5th St #2826

Austin, TX 78701
$995,000
2 Bed 2 Bath 1,454 sqft $684/sqft Built 2004 2-Car Garage Pool Five Fifty 05 Condo Amd

Experience elevated downtown living with one of the most breathtaking and unique views in the city—featuring panoramic sights of the skyline, Lady Bird Lake, and the western hills.

This beautifully remodeled condo is move-in ready and designed to impress. Soaring ceilings and floor-to-ceiling windows flood the space with natural light, highlighting the open and spacious layout. The living area features a stunning wood accent wall, complemented by modern fixtures and gorgeous updated hardwood flooring throughout. Custom California Closets and abundant storage add both style and functionality.

The chef-grade kitchen is perfect for cooking at home—but when you prefer not to, enjoy the convenience of 24-hour room service.

Residents enjoy full access to premier hotel amenities, including: 24-hour concierge service, Room service, Two on-site restaurants, Lobby Starbucks, Luxury spa, Fitness center & rooftop pool with hot tub, Exclusive discount on hotel services.

Additional perks include concierge dry cleaning pickup and delivery, on-site maintenance, and optional membership to F45 Training.

Located in the heart of downtown, you’re just a short walk from Rainey Street, 6th Street, Target, Whole Foods, the Convention Center, Eddie V’s, and countless restaurants and nightlife options.

This property also offers two assigned parking spaces and exceptional long-term value with major upcoming developments nearby, including the East Sixth Street redevelopment, Project Connect light rail expansion, and Convention Center redevelopment/expansion.

A rare opportunity to own a spacious, luxury condo with unmatched views and access to the very best of Austin living.

*Buyer to independently verify all information including but not limited to square footage, schools, hoa dues, restrictions, taxes, etc. Seller is a licensed real estate agent. P2 Garage: Spots B41 and B104

At $684/sqft, this home is priced 75% 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

555 E 5th St #2826, Austin, TX 78701

Property Details

Price $995,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,454 sqft
Lot Size ,
Year Built 2004
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Five Fifty 05 Condo Amd
County Travis
Zip Code 78701
$/sqft $684/sqft
Days on Market ,
HOA $1,229.05/Monthly
Annual Tax Est. $13,440
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT223849805
List Date March 25, 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.

Schedule a Call →

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
5511 Joe Sayers Ave #A
Broadacres
$995,000 $513 3 bd / 3 ba 1,940 sqft , 2026-05-08
2803 Manitou Dr
Apache Shores Sec 3 Amended
$995,000 $607 2 bd / 2 ba 1,638 sqft , 2026-06-25
1201 W 39th 1/2 St #B
Dunn Add
$999,000 $566 3 bd / 4 ba 1,766 sqft , 2026-05-07
1325 Bonham Ter #C
Travis Heights
$999,900 $557 3 bd / 3 ba 1,794 sqft , 2026-04-03
7689 Delwau Ln
Rayviva Price Acres
$999,990 $667 2 bd / 3 ba 1,500 sqft , 2026-07-22

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
$4,776/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
$199,000
20% conventional investment loan

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

Estimated Gross Rent+$4,776
Principal + Interest−$5,430
Property Tax (~2.1% TX avg)−$1,741
Insurance (~0.5%)−$415
Est. Monthly Cash Flow $-2,810

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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