Active Listing  ·  160 days on market

800 W 5th St #1008

Austin, TX 78703
$1,455,000
3 Bed 2 Bath 2,478 sqft $587/sqft Built 2004 0.01 acres 2-Car Garage Pool Downtown

The Largest Sq Footage Top Floor Corner Unit in the building all on 1 Level. 2,500 sq. ft. w/ 3 Bedrooms / 2 Baths Completely Renovated, Move In Ready. Stunning skyline views of downtown Austin and two patios. Floor-to-ceiling windows with Double Paned 1/2 inch SoundProof Windows throughout the entire unit. 12 Ft ceilings with wood floors & exposed concrete ceilings. The kitchen offers Sub-zero refrigeration, Wolf gas range, dine in countertops with space for 4 stools. Owner’s suite includes bathroom with 2 custom designed closets. 2 parking spaces near the elevator on the 2nd Floor and they have their own dedicated Electric Car charger in the Parking spot. Austin City Lofts. ACL is a Beautiful, loft-style building in downtown Austin. Unlike the other luxury towers that have 200+ residences, ACL has only 82 residences. Completed in 2004, ACL is situated along Shoal Creek and is composed of local limestone, copper, concrete, steel & glass, it truly is a timeless building Unbeatable Location: 1 block to Whole Foods, restaurants & entertainment on W 6th St 1 block from Seaholm Development featuring Trader Joes, True Food & more. 3 blocks to the Lady Bird Lake hike-and-bike trail that passes the downtown Austin Library designed by Lake/Flato AMENITIES: 24-hour Concierge & Private Lobby Swimming Pool & Hot Tub Covered Dining & Outdoor Cooking.

At $587/sqft, this home is priced 50% 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

800 W 5th St #1008, Austin, TX 78703

Property Details

Price $1,455,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,478 sqft
Lot Size 0.01 acres (566.28 sqft)
Year Built 2004
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Downtown
County Travis
Zip Code 78703
$/sqft $587/sqft
Days on Market ,
HOA $2,154/Monthly
Annual Tax Est. $24,557.82
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT220289211
List Date February 25, 2026
Elementary School Casis
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
5002 Emerald Forest Cir #BLDG 1
Emerald Forest Sec 03
$1,450,000 $538 4 bd / 4 ba 2,697 sqft , 2026-05-19
1912 S 3rd St
BOULDIN
$1,450,000 $893 3 bd / 3 ba 1,623 sqft , 2026-06-16
603 Davis St #101
Shore A Condo Amd The
$1,450,000 $858 2 bd / 3 ba 1,690 sqft , 2026-07-24
7221 Ellaview Ln
Great Hills Sec 31
$1,450,000 $461 4 bd / 4 ba 3,142 sqft , 2026-07-30
70 Rainey St #1901
70 Rainey Residences
$1,464,000 $863 2 bd / 2 ba 1,697 sqft , 2026-03-25

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
$6,984/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
$291,000
20% conventional investment loan

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

Estimated Gross Rent+$6,984
Principal + Interest−$7,941
Property Tax (~2.1% TX avg)−$2,546
Insurance (~0.5%)−$606
Est. Monthly Cash Flow $-4,109

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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