Perfectly positioned in the heart of Austin, this home offers easy access to the city's vibrant core, placing you just minutes from downtown, UT, and Lady Bird Lake. Step inside to discover a sleek, modern space defined by rich wood floors and an open-concept floorplan filled with natural light from abundant windows. The living room opens to a private outdoor living space, creating a seamless connection for indoor-outdoor entertaining. Unique touches, like a private skylight shower, serve to highlight the home's high-end finishes. At the center of it all is a chef-inspired kitchen featuring sleek quartz counters and a large island, perfect for culinary creation and entertaining. The primary suite is a true retreat, featuring soaring vaulted ceilings and an oversized closet with abundant storage. Built by Homebound, this residence also includes smart home automation for added convenience. Currently operating as a successful Airbnb, the property generated approximately $18,900 in rental income over the past 12 months (March 2025–February 2026) and is offered fully turnkey, including all furnishings, access to the current property manager, and the transfer of any future booked reservations. Your vibrant East Austin lifestyle extends just beyond your doorstep, where you can enjoy a picnic at Springdale Neighborhood Park, grab a coffee at Palomino Coffee, soak in the local music scene at the legendary Sahara Lounge, or enjoy a scenic walk or bike ride along the iconic Ann & Roy Butler Hike and Bike Trail. This stunning East Austin property is ready to be called home. Don't miss your chance.
Listed by Wendy Papasan
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License #593308
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Keller Williams Realty
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(512) 330-1004
Last updated April 04, 2026
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Source: ACTRIS #9762752
Listing Facts
TypeSingle-family
NeighborhoodMLK-183
Bedrooms2
Bathrooms2
Days on Prevu51
Size1,021 sqft
Price per sqft$431
Amenities
Dishwasher
Private Outdoor Space
Air Conditioning
Parking
Swimming Pool
Location
Mortgage Calculator
Listing History
03/10/2026
Listed by Keller Williams Realty
$440,000
Property Details for 5406 Downs DR 2
Association
Fees
Association Fee Includes: See Remarks
General
Association Name: 5406 Downs Condominiums
Exterior
Construction
Property Condition: Resale
Roof: Composition
Window Features: Double Pane Windows, ENERGY STAR Qualified Windows
Year Built: 2023
Builder Name: Homebound
Construction Materials: Hardi Plank Type
Exterior Features: Private Yard
Features
Direction Faces: SW
Fencing: Privacy, Wood
Patio And Porch Features: Patio, Porch
Measurements
Lot Features: Back Yard, Front Yard, Sprinkler - Back Yard, Sprinklers In Front, Sprinkler - Rain Sensor
Lot Size Acres: 0.06
Lot Size Area: 0
Lot Size Square Feet: 2,874
Financial
Taxes
Parcel Number: 02112203260000
Tax Assessed Value: $407,261.00
Tax Year: 2025
Interior
Features
Appliances: Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Microwave, Free-Standing Gas Oven, Free-Standing Range, Free-Standing Gas Range, RNGHD, Vented Exhaust Fan, Tankless Water Heater
Flooring: Tile, Wood
Interior Features: Ceiling Fan(s), Double Vanity, Electric Dryer Hookup, Kitchen Island, Open Floorplan, Recessed Lighting, Smart Home, Smart Thermostat, Washer Hookup
Measurements
Living Area: 1,021
Living Area Source: Builder
Rooms
Bathrooms Full: 1
Bathrooms Half: 1
Bathrooms Total Integer: 2
Bedrooms Total: 2
Other
Location
Subdivision Name: 5406 Downs Drive Condos Bldg 1
Tax Lot: 44
Parking
Parking
Attached Garage: Yes
Covered Spaces: 1
Garage Spaces: 1
Garage: Yes
Parking Features: Attached, Door-Single, Garage, Garage Faces Front
Parking Total: 1
Schools
Elementary School
Elementary School: Norman-Sims
Elementary School District: Austin ISD
High School
High School: Lyndon B Johnson (Austin ISD)
High School District: Austin ISD
Middle or Junior School
Middle Or Junior School: Martin
Middle Or Junior School District: Austin ISD
Utilities
Equipment
Cooling: Central Air
Heating: Central
Laundry Features: Electric Dryer Hookup, Washer Hookup
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 5406 Downs DR 2.
What schools are nearby to 5406 Downs DR 2?
Nearby schools include the Norman-Sims Elementary School, Martin Middle School, and Lyndon B Johnson (Austin ISD) High School.
Does this single-family home have parking?
Yes, there is 1 parking space available for 5406 Downs DR 2.
How does 5406 Downs DR 2 compare to other single-family homes in MLK-183?
This single-family home is listed 22% below the average price for single-family homes in MLK-183 and has been on the market for 5 less days than the typical home in this area.
What building or home owners association is the single-family home part of?
This single-family home is part of the 5406 Downs Condominiums home owners association.
What is the square footage on this single-family home?
According to the MLS, this listing is 1,021 sqft.
5406 Downs DR 2 is a 2-bedroom, 2-bath single-family home for sale in Austin TX 78721. On Prevu for 51 days at $440,000. This property features 1,021 square feet of living space, located in MLK-183. The median listing price for single-family homes in this area is $517,450. Nearby schools include Norman-Sims Elementary School, Martin Middle School, and Lyndon B Johnson (Austin ISD) High School. Additional amenities include private outdoor space, dishwasher, air conditioning, parking, and swimming pool. View other 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.
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