See Home Value
$450,000
● House - Off Market

5406 Downs DR #2

Austin, TX 78721
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,021 Ft²
$2,210
Est. Monthly

About This Property

Nestled in East Austin, central to many hidden gem hot spots in Austin, this New Construction home offers modern living and charm. The floorplan is open and designed for easy, everyday living, boasting 2 bedrooms, 1.5 baths, abundant windows taking in the natural light, and a skylight shower upstairs. The kitchen is the heart of the home, with a large island equipped to prep your favorite meals. Built by Homebound, a tech-enabled builder, the home is equipped with high end finishes, a home automation system, and a builder's warranty. Just a stone's throw from a picnic at Springdale Neighborhood Park, Kinda Tropical, Sahara Lounge, Palomino Coffee, Springdale Food Park, BLK Vinyl, Eastside Paddle Club, metgal art + advisory, and all of the cool spots at Springdale General. With easy access to downtown Austin, the University of Texas, and Highway 183, this home offers the epitome of modern Austin living!!!!
Unit Size
1,021 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$441
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2022

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Last updated: 3 years ago (Unlock MLS #ACT8499857)

Price History

Date / Event Date Event Price
Jun 19, 2026 In contract -
In contract
Mar 10, 2026 Listed by Keller Williams Realty $440,000
Listed by Keller Williams Realty
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.
Jul 4, 2024 In contract -
In contract
Jun 26, 2024 Price Decreased $450,000
↓ $10K (2.2%)
Price Decreased
Jun 13, 2024 Price Decreased $460,000
↓ $5K (1.1%)
Price Decreased
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Parking Details
Covered Spaces: 1
Total Number of Parking: 1
Parking Features: Attached, Door-Single, Garage, Garage Faces Front
Garage Spaces: 1
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Interior Features: Ceiling Fan(s), Double Vanity, Electric Dryer Hookup, Kitchen Island, Open Floorplan, Recessed Lighting, Smart Home, Smart Thermostat, Washer Hookup
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 Type: Tile, Wood
Cooling: Central Air
Heating: Central
Living Area: 1021
Exterior Details
Property Type: Residential
Property Sub Type: Single Family Residence
Green Energy Efficient
Property Condition: New Construction, Excellent
Year Built: 2023
Year Built Source: Builder
Unit Style: 1st Floor Entry
View Desription: None
Fencing: Privacy, Wood
Levels: Two
Construction Materials: HardiPlank Type
Foundation: Slab
Roof: Composition
Exterior Features: Private Yard
Pool Features: None
Lot Features: Back Yard, Front Yard, Sprinkler - In Rear, Sprinkler - In Front, Sprinkler - Rain Sensor
Lot Size Acres: 0.066
Lot Size Square Feet: 2874.96
Water Source: Public
Financial Details
Tax Year: 2022
Utilities Details
Water Source: Public
Sewer : Public Sewer
Utilities For Property: Cable Available, Electricity Available, Natural Gas Available, Water Available
Location Details
Directions: IH 35, East on MLK, Rt @ Heflin, Rt @ Webberville, Lft @ Downs
Community Features: None
Other Details
Association Fee Includes: See Remarks
Association Fee Freq: Monthly
Association Name: 5406 Downs Condominiums

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By
20260310 Unit 2
03/10/2026
2
2 Bed
1 Bath
1021 ft²
$440,000
bedrooms
2 Bed
bathrooms
1 Bath
square feet
1021 ft²
$440,000
03/10/2026
Wendy Papasan
Keller Williams - Austin SW
20240109 Unit 1
01/09/2024
1
4 Bed
4 Bath
2210 ft²
$740,000
bedrooms
4 Bed
bathrooms
4 Bath
square feet
2210 ft²
$697,000 -5.81%
01/09/2024
Ben Caballero
HomesUSA.com
20231216 Unit 2
12/16/2023
2
2 Bed
2 Bath
1021 ft²
$494,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1021 ft²
$450,000 -8.91%
12/16/2023
Ben Caballero
HomesUSA.com

Building Info

5406 Downs Drive 5406 Downs Drive, Austin, TX 78721
More about this Building
5406 Downs Drive
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