800 W 5th ST # 705, Austin TX 78703

ASSUMABLE LOAN : 2.6% Interest rate, 30 year conventional, $483,000 remaining balance, insurance and taxes escrowed, payments are $1,650 every 2 weeks.Rare opportunity to own a two bedroom unit in Austin City Lofts, a boutique luxury building with only 82 residences located in one of downtown Austin’s most walkable and desirable neighborhoods.

This true urban loft offers 1,482 square feet with 2 bedrooms and 2 full bathrooms, priced at just $499 per square foot, making it the best value 2-bedroom condo currently available in the Market District. An assumable mortgage at an ultra-low 2.6% interest rate is available to qualified buyers, representing an opportunity for significant savings compared to prevailing mortgage rates.

The residence features floor-to-ceiling windows, exposed concrete ceilings and floors, and expansive views of the downtown Austin skyline. The open-concept kitchen is equipped with stone countertops, gas cooking, and premium Viking stainless steel appliances. The spacious owner’s suite includes a large walk-in closet, huge soaking tub, separate shower, and dual vanities with Grohe hardware. The second bedroom offers excellent flexibility for a guest space, home office, or both. The condo comes with two reserved parking spaces and a spacious private storage unit located adjacent to them.

Extensive renovations completed in 2021 included new flooring throughout, remodeled kitchen and bathrooms, and a custom, interior designer–created color wash applied to all walls. New HVAC system installed in 2023.

Austin City Lofts is located just one block from Whole Foods and West 6th Street’s vibrant restaurants and nightlife, and only three blocks to the Lady Bird Lake hike-and-bike trail, offering the best of city living. Building amenities include a 24-hour concierge, secure private lobby, resort-style pool and hot tub, outdoor dining loggia with grilling area, and a limited-access parking garage.