Active Listing  ·  44 days on market

555 E 5th St #2901

Austin, TX 78701
$1,050,000
2 Bed 3 Bath 1,755 sqft $598/sqft Built 2004 0.00 acres 2-Car Garage Pool Five Fifty 05 Condo Amd

Experience downtown Austin living from the NE corner of the 29th floor at 5FiftyFive, where a private residence meets the convenience of a full-service hotel. At 1,755 square feet, #2901 is one of the building’s larger floor plans, with 12-foot ceilings, walls of glass, 2 private balconies, & expansive views across downtown, UT Austin & beyond.

The kitchen features Wolf/Sub-Zero appliances, a six-burner gas range, double ovens & sub-zero refrigerator. Both bedrooms have walk-in California Closets, with a balcony off the primary suite & a second off the living area. Two generous parking spaces in the secure garage & the unit's private storage space add valuable functionality.

Residents can enjoy 24-hour concierge, room service, spa & fitness facilities, rooftop pool & hot tub, Topgolf Swing Suite & access to on-site F45 Training. 2 restaurants, Starbucks & a UPS Store are located in the adjoining lobby. The building's roof was replaced in 2025, with a fully paid residential hallway renovation scheduled for Jan. 2027.

Beyond the building, this location puts an exceptional cross-section of Austin within blocks. The Austin Convention Center is directly across the street, with its $1.6B redevelopment underway & reopening planned for 2029. Newly opened Waterloo Greenway provides a landscaped connection toward Lady Bird Lake & the Butler Hike-&-Bike Trail. East Sixth Street, Rainey Street, the Red River Cultural District, Antone’s, Esther’s Follies, Comedy Mothership, Waterloo Park & Moody Amphitheater are nearby, along with restaurants ranging from casual to fine dining. Target & Whole Foods are approximately 2 blocks away with indoor validated parking, & Downtown Station provides nearby rail access. 5FiftyFive is also positioned near the planned Austin Light Rail route—placing this condo at the intersection of downtown living, culture, green space & Austin’s evolving transportation network.

At $598/sqft, this home is priced 53% 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

555 E 5th St #2901, Austin, TX 78701

Property Details

Price $1,050,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,755 sqft
Lot Size 0.00 acres (174.24 sqft)
Year Built 2004
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Five Fifty 05 Condo Amd
County Travis
Zip Code 78701
$/sqft $598/sqft
Days on Market ,
HOA $1,499.72/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242856890
List Date August 9, 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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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · August 9, 2026 $1,120,000
Current ask $1,050,000
Reduced $70,000 (-6.3%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
501 West Ave #1304
Fifth & West Residences
$1,050,000 $791 2 bd / 2 ba 1,327 sqft , 2026-08-14
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
311 W 5th St #1002
Plaza Lofts Condo Amd
$1,070,000 $564 2 bd / 2 ba 1,897 sqft , 2026-04-28

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 11, 2026.

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