Active Listing  ·  357 days on market

800 W 5th St #1209

Austin, TX 78703
$1,475,000
2 Bed 2 Bath 2,215 sqft $666/sqft Built 2003 0.01 acres 2-Car Garage Pool Austin City Lofts Amd

Incredible opportunity to own a luxurious, two-story penthouse-level condo in the prestigious Austin City Lofts—perfectly positioned in the heart of Downtown Austin and just minutes from Lady Bird Lake, Zilker Park, Barton Springs, and all the dining, shopping, and cultural attractions the city has to offer. Renovated by Butterfield Custom Homes, this sleek and modern residence features soaring 22-foot ceilings and expansive south-facing windows that flood the space with natural light and showcase stunning skyline views. The open floorplan is ideal for entertaining, with a crisp marble kitchen outfitted with luxury appliances, a wine fridge, and a waterfall island that seamlessly flows into the dining and living areas. A private oversized balcony provides an impressive setting for outdoor lounging above the city. The spacious primary suite includes a second living area, spa-like bathroom with oversized soaking tub, walk-in shower, and a custom California Closet walk-in. A flexible loft space offers room for a home office, media zone, or guest retreat. High-end touches like motorized blinds, vaulted ceilings with a mounted 4K LG TV Projector with a 16'x7' electronic drop-down screen, and luxury finishes elevate the experience, with two side-by-side reserved parking spaces, a resort-style pool and hot tub, fire pit, and 24-hour concierge add convenience and comfort. Zoned to O'Henry Middle and Austin High, this turnkey luxury condo delivers a rare blend of design, functionality, and unbeatable location. Seller financing is available upon request.

At $666/sqft, this home is priced 70% 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 #1209, Austin, TX 78703

Property Details

Price $1,475,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 2,215 sqft
Lot Size 0.01 acres (531.43 sqft)
Year Built 2003
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Austin City Lofts Amd
County Travis
Zip Code 78703
$/sqft $666/sqft
Days on Market ,
HOA $2,400/Monthly
Annual Tax Est. $26,635.84
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT200902496
List Date August 12, 2025
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
70 Rainey St #1901
70 Rainey Residences
$1,464,000 $863 2 bd / 2 ba 1,697 sqft , 2026-03-25
800 W 5th St #1008
Downtown
$1,455,000 $587 3 bd / 2 ba 2,478 sqft , 2026-02-25
1410 Woodlawn Blvd #B
14ten Condos
$1,495,000 $681 3 bd / 4 ba 2,196 sqft , 2026-03-12
11309 Zyle Ln
Wilkerson Estates
$1,495,000 $598 3 bd / 2 ba 2,500 sqft , 2026-05-28
1810 Piedmont Ave
Crestview Add Sec 03
$1,495,000 $577 3 bd / 4 ba 2,589 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
$7,080/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
$295,000
20% conventional investment loan

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

Estimated Gross Rent+$7,080
Principal + Interest−$8,050
Property Tax (~2.1% TX avg)−$2,581
Insurance (~0.5%)−$615
Est. Monthly Cash Flow $-4,166

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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