$425,000
1 bd · 1 ba · 652 sqft
501 West Ave, Austin, TX 78701
501 West Ave, Austin, TX 78701 is a 1-bedroom, 1-bathroom condominium listed at $425,000 ($652/sqft). 652 sqft. Built in 2018. Located in Downtown Austin, Austin TX. Priced 15% below the Downtown Austin median of $766/sqft. MLS #7829366. Listed by LPT Realty, LLC.
Property Overview
This downtown Austin condo at 501 West Ave captures the essence of urban living with sweeping views of the Austin skyline and Lady Bird Lake from an open floor plan flooded with natural light. The 652-square-foot one-bedroom residence in 5th & West Residences features Miele appliances, in-unit washer and dryer, and an additional storage unit in the parking garage, creating both style and practical convenience. Positioned in the heart of downtown's walkable core, residents enjoy immediate access to 6th Street entertainment, Congress Avenue's eclectic dining and shopping, and the outdoor recreation of Lady Bird Lake.
The building itself functions as a lifestyle destination with resort-style pool, fitness center, dedicated dog run and dog washing station, plus guest accommodations for visiting friends and family. This location eliminates the need for a car, with everything from coffee shops to live music venues within walking distance. At $652 per square foot, this property sits notably below the neighborhood median of $761, representing genuine value in one of Austin's most desirable addresses.
Vox Residential Insight
The extended market time here presents an opportunity rather than a concern, as the previous buyer contingency falling through has created fresh momentum for the right buyer ready to embrace downtown living. At 14% below area median pricing, the Vox Residential team sees this as an intelligent entry point into 5th & West's amenity-rich community for someone seeking the authentic urban Austin experience.
Agent Description
*BOM- Buyer contingency fell through. Welcome to your new home located in the sought-after 5th & West Residences! This 1 bedroom/1 bathroom condo offers an open layout and amazing views of downtown Austin. Tons of natural light, Miele appliances, refrigerator, washer/dryer & additional storage unit in parking garage that conveys. 5th & West offers a wide range of amenities, including a fitness center, resort-style pool, dog run, dog washing station, and guest accommodations!
Neighborhood: Downtown Austin
This property is located in Downtown Austin, Austin, TX. The area is known for 6th Street Entertainment, Lady Bird Lake, Congress Avenue, High-Rise Living, Walkable Urban Core.
At $652/sqft, this listing is priced 15% below the Downtown Austin median of $766/sqft.
Property Details
| Property Type | Condominium |
| Year Built | 2018 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Living Area | 652 sqft |
| Lot Size | N/A |
| Price per Sqft | $652 |
| Listed | Jun 13, 2025 |
| MLS # | 7829366 |
| Listed By | LPT Realty, LLC |
Listing data last updated:
Frequently Asked Questions
What is the listing price of 501 West Ave, Austin, TX 78701?
This property is listed at $425,000, which is $652 per square foot. That is 15% below the Downtown Austin area median of $766/sqft.
How many bedrooms and bathrooms does 501 West Ave, Austin, TX 78701 have?
This home has 1 bedroom and 1 bathroom, with 652 square feet of living space.
When was 501 West Ave, Austin, TX 78701 built?
This property was built in 2018, making it 8 years old.
What neighborhood is 501 West Ave, Austin, TX 78701 in?
This property is in Downtown Austin, Austin, TX. The area is known for 6th street entertainment, lady bird lake, congress avenue.
How long has 501 West Ave, Austin, TX 78701 been on the market?
This listing has been on the market for 320 days.
What type of property is 501 West Ave, Austin, TX 78701?
This is a Condominium.