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5406 Downs DR 2Austin, TX 78721

For Sale

$440,000

Smart Buyer Rebate $4,400

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.

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.