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Austin · Sabine On 05 Residential Condo

$498,500

Reduced from $690,000 · −27.8%

507 Sabine St #605, Austin, TX 78701

  • 2bedrooms
  • 2bathrooms
  • 1,456sqft
  • 0.01acres
  • 2007year built

About this home

MAXIMIZE YOUR BUYING POWER with exclusive seller financing! Well-qualified buyers can lock in rates from the mid-4s to mid-5s (depending on down payment) and save up to $14K in closing costs. Enjoy a streamlined process with a 20% minimum down payment, pre-approval through our Preferred Lender, no formal underwriting, no discount points, and a fast close in as little as 14 days.
Experience the pinnacle of downtown living in this stunning 6th-floor high-rise condo at Sabine on Fifth—a distinctive 1980 commercial building thoughtfully converted into modern residences in 2007. The light-filled, open-concept floor plan showcases spectacular views down 5th Street through dramatic, oversized arched windows complete with custom window seats. Perfect for entertaining, the gourmet kitchen boasts a massive quartz peninsula with seating for five, premium stainless steel appliances, a wine fridge, and chic pendant lighting. The expansive primary suite features jaw-dropping city vistas and a spa-like ensuite bath with a separate soaking tub and a large glass-enclosed shower. High ceilings, polished concrete floors, and a private secondary suite complete this sophisticated urban oasis.
This unit includes the rare convenience of two reserved garage parking spaces at the adjacent Hilton Garden Inn, featuring covered mezzanine access directly to the Sabine elevator. A portion of the HOA fee ($250.02) covers these spots, which can be rented out to other building residents for passive income. Residents can also join the Hilton’s Skyline Spa & Health Club for a low monthly fee to access a 24-hour fitness center, saltwater pool, hot tub, and saunas.
Please note: HOA rules prohibit short-term rentals, and long-term leasing is permitted after 24 months of ownership.
Virtual Tour: https://www.youtube.com/watch?v=eiOCOMqbaB0

Property

Type
Condominium
Levels
One
Year built
2007
Lot size
0.01 acres
Subdivision
Sabine On 05 Residential Condo
MLS #
ACT9240122

Inside

Bedrooms
2
Bathrooms
2
Living area
1,456 sqft

Outside / parking

Garage spaces
2

Schools

Elementary
Mathews
High school
Austin
District
Austin ISD

Costs

HOA
$1,166 / monthly
Est. annual taxes
$10,812 (2026)

Listing

First listed
Jun 20, 2024
Days listed
855
Original price
$690,000
Status
Active

Listed by Alicia Kelley Leschber, Compass RE Texas, LLC · [email protected] · MLS# ACT9240122 · Active

Estimate your monthly payment

Loan

Down payment
%
0%10%20%30%40%50%
Loan term
Interest rate (%)
3%5%7%9%

Yearly costs

Monthly payment

$0

Total monthly

Principal & interest
$0
Property tax
$0
Insurance
$0
HOA
$0
Loan amount
$0

Estimate only. Tax / insurance defaults are typical Texas figures; your actual numbers will vary. Talk with a lender for a real quote — I can refer you to one I trust.

Where this home sits

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