See Home Value
$440,000
● House - Off Market

5406 Downs DR #2

Austin, TX 78721
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,021 Ft²
$2,161
Est. Monthly

About This Property

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.
Unit Size
1,021 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$431
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2022

Payment Calculator

Cap Rate Calculator

Last updated: 3 months ago (Unlock MLS #ACT9762752)

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
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
Has Garage
Parking Features: Attached, Garage, Garage Faces Front, Door-Single
Garage Spaces: 1
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Interior Features: Ceiling Fan(s), Double Vanity, Kitchen Island, Open Floorplan, Recessed Lighting, Smart Home, Smart Thermostat
Appliances: Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Microwave, Free-Standing Gas Oven, Free-Standing Range, Free-Standing Gas Range, Vented Exhaust Fan, Tankless Water Heater, RNGHD
Flooring Type: Tile, Wood
Exterior Details
Square Footage: 1021
Square Footage Source: $0
Green Sustainability
Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Property Condition: Resale, Good
Year Built Source: Builder
Year Built: 2023
Waterfront Features: None
Builder Name: Homebound
Levels: Two
Other Structures: None
Window Features: Double Pane Windows, ENERGY STAR Qualified Windows
Construction Materials: HardiPlank Type
Patio and Porch Features: Patio, Porch
Pool Features: None
Lot Features: Back Yard, Front Yard, Sprinklers In Rear, Sprinklers In Front, Sprinkler - Rain Sensor
Lot Size Area: 2874.96
Lot Size Units: Square Feet
Lot Size Acres: 0.066
Lot Size Square Feet: 2874.96
Water Source: Public
Financial Details
Tax Map Number: 44
Tax Assessed Value: $407,261
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: See Remarks
HOA Fee Frequency: Monthly

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
Want to find out who owns 5406 Downs Drive, Austin, TX 78721? Get detailed property transactions here.

About East MLK


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1182 Oakgrove Ave, Austin, TX, 78702

$6,500 /mo

  • 3 Beds
  • 4 Baths
  • 2,889 ft²
1182 Oakgrove Ave #A, Austin, TX, 78702 Listing by Cosette Eliason
Unit for rent at 3530 Gonzales St, Austin, TX, 78702

$4,495 /mo

  • 2 Beds
  • 3 Baths
  • 1,884 ft²
3530 Gonzales St #A, Austin, TX, 78702 Listing by Noa Levy
Unit for rent at 1701 Simond Ave, Austin, TX, 78723

$2,750 /mo

  • 1 Bed
  • 1 Bath
  • 649 ft²
1701 Simond Ave #226, Austin, TX, 78723 Listing by Mark Preston