Ed's Opinion of Value

$1,717,848 Ed's Estimate: $2,803,632 $3,551,188
Lowest Comp Recommended List: $2,051,000 to $2,061,000 Highest Comp
After adjusting 6 comparable sales for differences in size, age, and features, this home's estimated value is $2,803,632. Pricing this home between $2,051,000 and $2,061,000 would put it in the competitive sweet spot for 5TH & WEST CONDOMINIUMS. This home's position in the current 5TH & WEST CONDOMINIUMS market: the most expensive of 4 comparable homes on the market among comparable properties. Being 216 sqft larger than the average comparable sale in this area impacts the per square foot value. 4 similar homes are currently available in 5TH & WEST CONDOMINIUMS, creating a buyer's market for this price range. Market data shows 78701 prices fallen 14.5% over the last half year. The closest comparable sale, 200 Congress Ave # 48Y, Austin TX 78701 at an adjusted $3,551,188, is with a larger floor plan. The comp data here (6 sales in 5TH & WEST CONDOMINIUMS) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus
3 Beds
3 Baths 3 Full
2,517 Sq Ft
0.004 Acres
2018 Built
2 Garage

About This Property

Welcome to this luxurious property featuring breathtaking 315-degree views of Lady Bird Lake and downtown Austin from every room, thanks to the floor-to-ceiling windows. This home has been designed with functionality and style in mind. The breakfast bar and open concept floor plan are perfect for entertaining guests, while the high ceilings create an airy and spacious atmosphere. The kitchen boasts a center island, granite countertops, built-in oven, gas cooktop, microwave, wine refrigerator, and more, making it a chef's dream. The primary bedroom is a private retreat, complete with a sitting study room and walk-in closet. The en-suite bathroom features a spa-like feel with modern fixtures and finishes. Fifth and West is a residents-only tower, providing exclusivity and privacy unlike any other tower. You won't have to share the pool, gym, pet veranda, conference room, or resident's parlor with hotel guests, as this tower is packed with amenities, not people. This is your opportunity to live in a luxurious property in the heart of downtown Austin with all the amenities you could wish for. Owners are willing to sell condo fully furnished complete with furniture, decor, appliances and electronics. Don't miss out on the chance to make this your dream home.

Features

  • Bookcases
  • Breakfast Bar
  • High Ceilings
  • Granite Counters
  • Quartz Counters
  • In-Law Floorplan
  • Multiple Living Areas
  • No Interior Steps
  • Pantry
  • Primary Bedroom on Main
  • Recessed Lighting
  • Walk-In Closet(s)
  • Wired for Sound

Location

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Schools

School District Austin ISD
Elementary Mathews
Middle School O Henry
High School Austin

Property Details

Property Type Residential
Flooring Marble, Wood
Cooling Central Air
Heating Central
Exterior Balcony
County Travis
MLS # 3489434

Parking

Garage 2 spaces

HOA & Community

HOA Fee $1,966 /Monthly
HOA Includes Common Area Maintenance, Gas, Insurance, Landscaping, Parking, Trash, Water

Listing History

MLS# 3489434 - Updated Mar 18, 2026 425 days
Aug 9, 2024 Off Market
Dec 10, 2023 Price Change $2,850,000
May 5, 2023 Listed $3,250,000

Frequently Asked Questions About 501 West Ave # 3001, Austin TX 78701

When was 501 West Ave # 3001, Austin TX 78701 built?

501 West Ave # 3001, Austin TX 78701 was built in 2018.

How much does 501 West Ave # 3001, Austin TX 78701 cost?

501 West Ave # 3001, Austin TX 78701 sold on August 9, 2024. Contact us for sale price details.

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