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501 West Ave 705Austin, TX 78701

In Contract

$675,000

Smart Buyer Rebate $6,750

Discover the perfect blend of urban sophistication and modern comfort in this beautifully designed 1-bedroom + den/office (or flexible 2nd room), 1.5-bath residence spanning 1,092 sq. ft. Flooded with natural light and framed by captivating city views, the open-concept layout showcases rich hardwood floors and sleek contemporary finishes.

The chef’s kitchen is a dream—complete with custom cabinetry, premium countertops, and high-end appliances—ideal for both culinary adventures and stylish entertaining. Retreat to the spacious primary suite with a spa-like en-suite bathroom, while the additional half bath offers extra convenience for guests.

Beyond the home, enjoy a full suite of luxury amenities: state-of-the-art fitness center, yoga studio, sparkling pool, rejuvenating spa, and even a pet spa.

Nestled at 501 West Avenue in the heart of Austin, Unit 705 isn’t just a home—it’s a lifestyle. Step into a world where elegance meets everyday ease.

Listed by Denise Bodman

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License #566439

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Compass RE Texas, LLC

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(512) 903-5129

Last updated December 10, 2025

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Source: ACTRIS #5910732

Listing Facts

  • TypeCondo
  • NeighborhoodMarket District
  • Bedrooms1
  • Bathrooms2
  • Days on Prevu100
  • HOA/Maint. Fees$955/month
  • Taxes$13,675.09/year
  • Size1,092 sqft
  • Price per sqft$618

Amenities

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

Location

Mortgage Calculator

Listing History

12/10/2025
Status changed to In Contract
$675,000
11/21/2025
Price Decreased
$675,000
11/19/2025
Price Decreased
$719,000
10/29/2025
Price Decreased
$720,000
10/05/2025
Price Decreased
$725,000
09/01/2025
Listed by Compass RE Texas, LLC
$755,000

Property Details for 501 West Ave 705

Association

Amenities

  • Community Features: Common Grounds, Concierge, Dog Park, Fitness Center, Game Room, Pool, Rooftop Lounge

Fees

  • Association Fee: $955.00 Monthly
  • Association Fee Includes: Parking, Security

General

  • Association Name: 5th & West

Exterior

Construction

  • Property Condition: Resale
  • Roof: Membrane
  • Window Features: Window Treatments
  • Year Built: 2018
  • Construction Materials: Concrete, Glass, Masonry – All Sides
  • Exterior Features: Balcony

Features

  • Direction Faces: East
  • Patio And Porch Features: Terrace
  • View: City, Downtown

Measurements

  • Lot Features: City Lot, Near Public Transit

Financial

Taxes

  • Parcel Number: 01070033060000
  • Tax Annual Amount: $13,675.09
  • Tax Assessed Value: $806,655.00
  • Tax Year: 2023

Interior

Features

  • Appliances: Built-In Oven(s), Cooktop, Dishwasher, Disposal, Gas Cooktop, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer/Dryer Stacked
  • Flooring: Tile, Wood
  • Interior Features: Breakfast Bar, High Ceilings, Quartz Counters, Double Vanity, Entrance Foyer, Kitchen Island, Open Floorplan, Pantry, Primary Bedroom On Main, Recessed Lighting, Walk-In Closet(s)

Measurements

  • Living Area: 1,092
  • Living Area Source: Public Records

Rooms

  • Bathrooms Full: 1
  • Bathrooms Half: 1
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 1
  • Main Level Bedrooms: 1

Other

Location

  • Subdivision Name: FIFTH & WEST RESIDENCES
  • Tax Lot: 705

Parking

Parking

  • Covered Spaces: 1
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Features: Covered, Garage, Reserved
  • Parking Total: 1

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

Frequently Asked Questions

How many bedrooms and bathrooms does this condo have?

There is 1 bedroom and 2 bathrooms in this condo at 501 West Ave 705.

What schools are nearby to 501 West Ave 705?

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

Does this condo have parking?

Yes, there is 1 parking space available for 501 West Ave 705.

What are the annual taxes for 501 West Ave 705?

Annual taxes for this condo are estimated at $13,675.

How does 501 West Ave 705 compare to other condos in Market District?

This condo is listed 34% below the average price for condos in Market District and has been on the market for 29 more days than the typical home in this area.

What building or home owners association is the condo part of?

This condo is part of the 5th & West home owners association.

What is the square footage on this condo?

According to the MLS, this listing is 1,092 sqft.

501 West Ave 705 is a 1-bedroom, 2-bath condo for sale in Austin TX 78701. Available on Prevu for 100 days at $675,000. This includes a recent price decrease of $44,000. This home features 1,092 square feet of living space, located in Market District. The median listing price for condos in this area is $775,000. Nearby schools include Mathews Elementary School, O Henry Middle School, and Austin High School. The home offers private outdoor space, dishwasher, air conditioning, fitness center, parking, and swimming pool. Explore more condo 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.