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501 West Ave 704Austin, TX 78701

For Sale

$1,039,000

Smart Buyer Rebate $10,390

Experience sophisticated downtown living at Fifth & West Residences #704, a thoughtfully designed 2-bedroom, 2-bathroom home featuring an office/study and a dedicated dining area. A fully furnished option is available and negotiable. The residence showcases premium interior finishes, including Italkraft kitchen cabinetry, custom closet systems, granite kitchen countertops, and a built-in Miele wine refrigerator. The kitchen is appointed with Miele appliances and a reverse osmosis water filtration system. Modern convenience is enhanced by brand-new hardwood flooring, Savant smart home automation, Lutron automated dimming LED lighting, and automated blackout shades in the bedroom. Entertainment and connectivity are elevated with whole-house pre-wired ceiling speakers and premium Bowers & Wilkins speakers in both bedroom ceilings. Residents of Fifth & West enjoy exceptional community amenities designed by Michael Hsu, including concierge service, a state-of-the-art fitness center with Peloton and Pilates reformer equipment, guest suites, a stylish work lounge, elegant catering kitchen for entertaining, serene pool with skyline views, covered outdoor gathering spaces, and a dedicated dog park with wash stations. Located in Downtown Austin’s Market District, this residence offers outstanding walkability to premier dining, shopping, and lifestyle destinations while delivering true lock-and-leave luxury living. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.

Listed by Jessica Yates

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License #602251

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Moreland Properties

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(512) 480-0848

Listed by Kelly Martin

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License #624847

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Moreland Properties

Last updated March 13, 2026

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Source: ACTRIS #9735267

Listing Facts

  • TypeSingle-family
  • NeighborhoodMarket District
  • Bedrooms2
  • Bathrooms2
  • Days on Prevu19
  • HOA/Maint. Fees$1,185/month
  • Taxes$14,575.76/year
  • Size1,327 sqft
  • Price per sqft$783

Amenities

  • Dishwasher
  • Private Outdoor Space
  • Air Conditioning
  • Parking
  • Swimming Pool
  • Fitness Center

Location

Mortgage Calculator

Listing History

03/12/2026
Price Decreased
$1,039,000
02/25/2026
Listed by Moreland Properties
$1,085,000

Property Details for 501 West Ave 704

Association

Amenities

  • Community Features: BBQ Pit/Grill, Concierge, Conference/Meeting Room, Covered Parking, Dog Park, Fitness Center, Pet Amenities, Pool

Fees

  • Association Fee: $1,185.00 Monthly
  • Association Fee Includes: Common Area Maintenance, Gas, Sewer, Trash

General

  • Association Name: 5th & West

Exterior

Construction

  • Property Condition: Resale
  • Roof: See Remarks, Membrane
  • Window Features: Window Treatments
  • Year Built: 2018
  • Construction Materials: See Remarks, Concrete
  • Exterior Features: See Remarks

Features

  • Direction Faces: North
  • Patio And Porch Features: Awning(s), Terrace
  • Pool Features: In Ground, Outdoor Pool
  • Pool Private: Yes
  • View: City

Measurements

  • Lot Features: Corner Lot
  • Lot Size Acres: 0.00
  • Lot Size Area: 0
  • Lot Size Square Feet: 82

Financial

Taxes

  • Parcel Number: 01070033050000
  • Tax Annual Amount: $14,575.76
  • Tax Assessed Value: $861,679.00
  • Tax Year: 2025

Interior

Features

  • Appliances: Cooktop, Dishwasher, Disposal, Gas Cooktop, Gas Oven, Refrigerator
  • Flooring: Marble, Wood
  • Interior Features: Quartz Counters, Open Floorplan, Primary Bedroom On Main, Smart Home, Walk-In Closet(s)

Measurements

  • Living Area: 1,327
  • Living Area Source: Public Records

Rooms

  • Bathrooms Full: 2
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 2
  • Main Level Bedrooms: 2

Other

Location

  • Subdivision Name: Fifth & West Residences
  • Tax Lot: 704

Parking

Parking

  • Attached Garage: Yes
  • Covered Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Assigned, Attached
  • Parking Total: 2

Schools

Elementary School

  • Elementary School: Mathews
  • Elementary School District: Austin ISD

High School

  • High School: Austin
  • High School District: Austin ISD

Middle or Junior School

  • Middle Or Junior School: O Henry
  • Middle Or Junior School District: Austin ISD

Utilities

Equipment

  • Cooling: Central Air, Electric
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this single-family home have?

There are 2 bedrooms and 2 bathrooms in this single-family home at 501 West Ave 704.

What schools are nearby to 501 West Ave 704?

Nearby schools include the Mathews Elementary School, O Henry Middle School, and Austin High School.

Does this single-family home have parking?

Yes, there are 2 parking spaces available for 501 West Ave 704.

What are the annual taxes for 501 West Ave 704?

Annual taxes for this single-family home are estimated at $14,575.

What building or home owners association is the single-family home part of?

This single-family home is part of the 5th & West home owners association.

What is the square footage on this single-family home?

According to the MLS, this listing is 1,327 sqft.

501 West Ave 704 is a 2-bedroom, 2-bath single-family home for sale in Austin TX 78701. Available on Prevu for 19 days at $1,039,000. This includes a recent price decrease of $46,000. This property features 1,327 square feet of living space, located in Market District. The median listing price for single-family homes in this area is $775,000. Nearby schools include Mathews Elementary School, O Henry Middle School, and Austin High School. Property amenities include private outdoor space, dishwasher, air conditioning, fitness center, parking, and swimming pool. Explore more single-family home listings in Austin.

Based on information from ACTRIS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.