Active Listing  ·  21 days on market

555 E 5th St #3007

Austin, TX 78701
$1,500,000
2 Bed 3 Bath 2,131 sqft $704/sqft Built 2004 0.01 acres 2-Car Garage Pool Five Fifty 05 Condo Amd

Set on the 30th floor of 5FiftyFive in the heart of downtown Austin, this exceptional penthouse pairs soaring ceilings with floor-to-ceiling windows and panoramic views spanning the downtown skyline, Texas Capitol, and UT Tower. Updated by renowned interior designer Jay Jeffers, the residence features Italian wood flooring, new designer carpeting, freshly painted walls and cabinetry, custom California Closets throughout, and extensive storage in the primary suite, entry, and utility room. The spacious floor plan includes two bedrooms, two full baths, and one half bath, and expansive living and dining areas. The immaculate kitchen features Wolf and Sub-Zero appliances, including a six-burner gas range and double ovens. Retreat to the private primary suite with a walk-in closet and spa-inspired travertine bath. 5FiftyFive is one of downtown Austin’s premier full-service residential towers, where residents enjoy a private lobby, 24-hour concierge and doorman service, three private elevators, and access to hotel services including room service, restaurants, bars, and valet. Memberships to the Hilton’s spa and pool are included, offering an elevated level of service and convenience rarely found in downtown living. Positioned at the center of Austin’s most dynamic urban districts, the residence is moments from the city’s renowned dining and entertainment scene, with Rainey Street and the Second Street District just a short walk away. With major investment transforming the surrounding area, including the Convention Center redevelopment, East Sixth Street improvements, Waller Creek and Waterloo Greenway, and the I-35 Cap & Stitch, this is a rare opportunity to own a substantial downtown penthouse with exceptional views, generous storage, and two assigned parking spaces plus a storage unit. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.

At $704/sqft, this home is priced 80% 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 #3007, Austin, TX 78701

Property Details

Price $1,500,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 2,131 sqft
Lot Size 0.01 acres (222.16 sqft)
Year Built 2004
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Five Fifty 05 Condo Amd
County Travis
Zip Code 78701
$/sqft $704/sqft
Days on Market ,
HOA $1,773.38/Monthly
Annual Tax Est. $11,833.38
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244488246
List Date September 1, 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
313 W 17th St #1104
Linden Condos
$1,500,000 $948 2 bd / 2 ba 1,583 sqft , 2026-03-03
800 Embassy Dr #605
Tyndall
$1,498,000 $757 3 bd / 3 ba 1,978 sqft , 2026-02-12
800 W 5th St #1209
Austin City Lofts Amd
$1,475,000 $666 2 bd / 2 ba 2,215 sqft , 2025-08-12
603 Davis St #101
Shore A Condo Amd The
$1,450,000 $858 2 bd / 3 ba 1,690 sqft , 2026-07-24
44 East Ave #3402
44 EAST AVE CONDIMINIUMS
$1,425,000 $1,028 2 bd / 2 ba 1,386 sqft , 2026-02-02

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
$7,200/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
$300,000
20% conventional investment loan

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

Estimated Gross Rent+$7,200
Principal + Interest−$8,186
Property Tax (~2.1% TX avg)−$2,625
Insurance (~0.5%)−$625
Est. Monthly Cash Flow $-4,236

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 21, 2026.

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