$539,000

Property Overview

This 507 Sabine Street condo presents an exceptional opportunity to own in downtown Austin at 52% below area median price per square foot. The sixth-floor residence showcases dramatic southwest views of the sunset framed by the iconic Frost tower, offering a front-row seat to Austin's ever-evolving skyline. Originally a commercial building from 1980, Sabine on Fifth underwent a distinctive adaptive conversion in 2007 that preserves architectural character while delivering modern urban living. The 1,456-square-foot floor plan features two bedrooms, two bathrooms, and a spacious primary suite—one of the largest in the building.

The contemporary kitchen anchors the living space with sleek quartz countertops and stainless steel appliances, creating an inviting hub for both everyday cooking and entertaining. Floor-to-ceiling windows flood the unit with natural light while framing those signature southwest exposures. Located on the walkable Austin TX downtown core, residents enjoy immediate access to the eclectic dining and entertainment scene on 6th Street, the cultural attractions along Congress Avenue, and the outdoor recreation of Lady Bird Lake—all within steps.

An additional layer of financial flexibility distinguishes this listing: qualified buyers can secure seller financing with rates from the mid-4's to mid-5's, locked in with as little as 20% down and potential closing cost savings up to $14,000. With fast closing timelines of 14 days possible, this Sabine Street condo merges location, value, and purchasing flexibility in the heart of downtown Austin.

Agent Description

MAXIMIZE YOUR BUYING POWER with exclusive seller financing! Well-qualified buyers can lock in rates from the mid-4’s to mid-5’s, depending on down payment, and save up to $14K in closing costs. Minimum 20% down payment. All buyers must be pre-approved through Preferred Lender to be considered. No formal underwriting, no discount points, close in as little as 14 days. No Short Term Rentals Allowed per HOA. $250.02 of the HOA fee is for 2 parking spots. They can be rented out to other residents. The building is at leasing capacity for immediate leasing by the new owner. The unit can be leased after owning it for 24 months. Sabine on Fifth is a DISTINCTIVE adaptation of a commercial building, originally constructed in 1980 and thoughtfully converted into residences in 2007. This amazing 2BD/2BA condo on the 6th floor of Sabine on 5th offers a prime opportunity to secure a spacious 1,456 sqft residence with spectacular SW views of the sunset setting behind the Frost tower. When you’re not out enjoying the vast array of local eateries, the sizable contemporary kitchen is ready for you to whip up your favorite culinary delights with sleek quartz countertops and SS appliances. The unit boasts one of the building’s largest primary suites, complete with a luxury ensuite bath and plenty of space for a seating or desk area. A luminous second bedroom also provides an ensuite bath accessible from the hallway for guests. Refreshing polished concrete floors throughout add a touch of modern sophistication. This unit provides the added convenience of two reserved garage parking spaces at the adjacent Hilton Garden Inn with covered mezzanine access to the Sabine elevator that takes you to the 6th floor. Residents of Sabine on 5th Street can also join The Hilton’s Skyline Spa & Health Club for a low monthly fee, offering access to the 24-hour fitness center, saltwater pool, hot tub, and saunas. Virtual Tour: https://www.youtube.com/watch?v=eiOCOMqbaB0

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 $370/sqft, this listing is priced 52% below the Downtown Austin median of $766/sqft.

Property Details

Listing data last updated: May 19, 2026

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