Ed's Opinion of Value

$339,000 Ed's Estimate: $508,510 $737,799
Lowest Comp Recommended List: $238,000 to $248,000 Highest Comp
My analysis of 7 comparable properties puts this home's estimated value at $508,510. Based on how the local market is moving, a list price between $238,000 and $248,000 would position this home well. This home's position in the current TRUMAN HEIGHTS market: the most expensive of 7 comparable homes on the market among comparable properties. The 590 sqft size difference versus comparable sales is reflected in the adjusted values. At 19 years newer than typical comps, the 2024 build date influences the valuation. The active market in TRUMAN HEIGHTS includes 7 comparable homes priced from $239,999 to $599,900. The 6 month price trend in TRUMAN HEIGHTS: fallen 52.9%. The best comp here is 5001 Rob Scott ST # 2, Austin TX 78721 at an adjusted value of $549,400, a strong comparable. The comp data here (7 sales in TRUMAN HEIGHTS) 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
2 Beds
3 Baths 2 Full, 1 Half
1,099 Sq Ft
0.254 Acres
2024 Built
2 Garage

About This Property

Discover a home where modern elegance meets architectural brilliance at 5208 Downs Drive Unit 2. Designed by the acclaimed BrownStone Capital Investments and Studio BrownStone in partnership with Pavonetti Architecture, this home offers a unique opportunity to experience luxurious urban living in one of Austin's most rapidly developing neighborhoods. With no HOA dues and no restrictions on short-term rentals, this residence is as versatile as it is captivating. From the moment you approach, the home’s striking curb appeal immediately draws you in. Perfectly positioned at the front left side of the lot, it stands out with its modern façade and custom metal slat one-car carport. The sleek exterior design is just a prelude to what awaits inside—an oasis of modern luxury and comfort spread over 1,099 square feet. As you step inside, you’re greeted by a light-filled, open floor plan that blends seamlessly with the sleek, minimalist aesthetic. Every inch of this two-bedroom, 2.5-bathroom home is crafted with precision and attention to detail. The state-of-the-art kitchen is a chef’s dream, with premium finishes including stainless steel appliances, a spacious island, and designer fixtures that combine beauty with function. The adjoining living and dining areas are designed for effortless entertaining, bathed in natural light from the oversized windows overlooking the private front and back yards. Upstairs, the primary suite is a haven of tranquility, featuring a spa-inspired bathroom complete with dual vanities, frameless glass shower, and designer tile. The second bedroom, equally luxurious, offers versatility and style with its bathroom and large closet space. Whether you're searching for a primary residence, a second home, or a high-return investment property, 5208 Downs Drive Unit 2 offers it all. With no HOA fees and the freedom of unrestricted short-term rentals, this is an opportunity not to be missed.

Features

  • Ceiling Fan(s)
  • High Ceilings
  • Double Vanity
  • Interior Steps
  • Kitchen Island
  • Open Floorplan
  • Pantry
  • Smart Home
  • Smart Thermostat

Location

Schools

School District Austin ISD
Elementary Norman-Sims
Middle School Garcia

Property Details

Property Type Residential
Flooring Tile, Wood
Cooling Central Air
Heating Central
Exterior Private Yard
County Travis
MLS # 5412097

Parking

Garage 2 spaces

HOA & Community

HOA Includes See Remarks

Tax Information

Annual Taxes $19,189 (2024)

Listing History

MLS# 5412097 117 days (111 CDOM)
Feb 28, 2025 Off Market
Jan 2, 2025 Price Change $570,000
Sep 19, 2024 Listed $699,000

Frequently Asked Questions About 5208 Downs DR # 2, Austin TX 78721

When was 5208 Downs DR # 2, Austin TX 78721 built?

5208 Downs DR # 2, Austin TX 78721 was built in 2024.

How much does 5208 Downs DR # 2, Austin TX 78721 cost?

5208 Downs DR # 2, Austin TX 78721 sold on February 28, 2025. Contact us for sale price details.

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