Active Listing  ·  203 days on market

555 E 5th St #3022

Austin, TX 78701
$2,698,000
3 Bed 3 Bath 3,638 sqft $742/sqft Built 2004 0.01 acres 2-Car Garage Pool Five Fifty 05 Condo Amd

Living at 555 E. 5th, you don't just watch Austin's future unfold. You live it. A rare opportunity to own a premier penthouse combining iconic views, generous square footage and luxury living. Ask about buydown and HOA credits! Luxury penthouse living on the 30th floor of 5FiftyFive in the heart of downtown Austin. One of the largest floor plans in the building, this expansive residence spans 3,638 square feet with soaring 14 ft ceilings, offering a rare sense of scale rarely found in high-rise living.

Floor-to-ceiling windows wrap nearly every room, capturing sweeping panoramic views of downtown Austin, Lady Bird Lake and the skyline. Coveted western exposure floods the home with natural light throughout the day and delivers breathtaking sunset views, among the most dramatic and unobstructed in the city. The thoughtfully designed layout features three spacious bedrooms and a dedicated office.

Designed for elevated entertaining, the open-concept living and dining areas flow seamlessly appointed with Wolf and Sub-Zero appliances, including a 6-burner gas range, double ovens, and a full-size Sub-Zero refrigerator. A built-in wet bar with wine refrigerator, laundry room, and refined finishes are hallmarks of this penthouse.

Residents of this luxury penthouse sit at the center of four projects reshaping downtown Austin:

Old 6th Street is being reimagined as a pedestrian-first entertainment corridor - wider sidewalks, less traffic, more of the music and dining culture that defines Austin, The Convention Center is getting a $1.6B ground-up rebuild opening in 2029, bringing a bold new urban hub to the neighborhood, I-35 Cap & Stitch will lower the highway, remove the upper decks, and reconnect East and West Austin with new pedestrian bridges and 19+ miles of trails, Waller Creek / Waterloo Greenway delivers 13 acres of new creekside parkland and trails between 4th Street and Lady Bird Lake, opening June 2026.

2 parking spots and storage unit included.

At $742/sqft, this home is priced 90% 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 #3022, Austin, TX 78701

Property Details

Price $2,698,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 3,638 sqft
Lot Size 0.01 acres (392.04 sqft)
Year Built 2004
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Five Fifty 05 Condo Amd
County Travis
Zip Code 78701
$/sqft $742/sqft
Days on Market ,
HOA $2,800/Monthly
Annual Tax Est. $38,490
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT216069343
List Date January 13, 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
1700 Buffalo-Gap Rd
N/A
$2,700,000 $857 3 bd / 4 ba 3,150 sqft , 2026-06-11
2300 Barton Creek Blvd #8
GOVERNORS HILL CONDOMINIUMS
$2,695,000 $650 4 bd / 4 ba 4,147 sqft , 2026-04-10
2311 Westoak Dr
West Park Add
$2,695,000 $736 4 bd / 5 ba 3,662 sqft , 2026-05-26
2102 Oxford St
Oak Hill ADDN
$2,695,000 $854 4 bd / 4 ba 3,154 sqft , 2026-05-27
4703 Highland Ter
Highland Park West
$2,675,000 $767 4 bd / 4 ba 3,489 sqft , 2026-05-28

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
$12,950/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
$539,600
20% conventional investment loan

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

Estimated Gross Rent+$12,950
Principal + Interest−$14,724
Property Tax (~2.1% TX avg)−$4,722
Insurance (~0.5%)−$1,124
Est. Monthly Cash Flow $-7,620

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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