$498,500

Property Overview

This sixth-floor sanctuary at 507 Sabine Street captures the essence of downtown Austin living with its dramatic arching windows framing stunning views down 5th Street toward the skyline. The open-concept layout floods the 1,456 square foot residence with natural light, while custom window seats invite you to pause and take in the urban landscape. Concrete floors and quartz counters establish a sophisticated foundation, with stainless steel appliances and a wine refrigerator supporting the gourmet kitchen that anchors the space. Both bedrooms reside on the main level, offering convenience and eliminating wasted transitions through the home.

Located in the heart of downtown Austin's entertainment district, this Sabine on Fifth condo delivers immediate access to 6th Street's dining and nightlife, Lady Bird Lake's trails, and Congress Avenue's shops. The building's distinctive character stems from its 1980 commercial origins, thoughtfully reimagined into residences in 2007. In-unit laundry, reserved two-car garage parking, concierge service, and building security combine with a comprehensive HOA that manages structure maintenance, insurance, and landscaping. At $342 per square foot—significantly below the downtown Austin median—this property offers substantial value for urban dwellers seeking an established high-rise lifestyle.

Vox Real Estate Insight

At 794 days on market, this Sabine Street unit represents genuine opportunity rather than hasty positioning, and the seller financing option with rates in the mid-4's to mid-5's adds real purchasing power for qualified buyers. Vox Real Estate recognizes that downtown Austin condos at this price point are increasingly rare, particularly in established buildings with full amenities and the flexibility to lease after a 24-month holding period.

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 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. Experience ultimate downtown living in this stunning 6th-floor high-rise condo. The light-filled, open-concept floor plan showcases spectacular views down 5th Street through dramatic, oversized arching windows complete with custom window seats. Perfect for entertaining, the gourmet kitchen boasts a massive quartz peninsula with seating for five, premium stainless steel appliances, a wine fridge, and modern chic pendant lighting. The expansive primary suite features jaw-dropping city vistas and a spa-like ensuite bath with a separate soaking tub and a large glass-enclosed shower. High ceilings, polished concrete floors, and a private secondary suite complete this sophisticated urban oasis. 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 $342/sqft, this listing is priced 51% below the Downtown Austin median of $696/sqft.

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