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Austin · Elmhurst Amd Of Lts 5&6

$750,000 365 days on market

Reduced from $899,000 · −16.6%

1500 Summit St #5, Austin, TX 78741

  • 3bedrooms
  • 3.5bathrooms
  • 2,515sqft
  • 0.60acres
  • 2008year built

About this home

Seller financing available. 20% down, 7.75% interest with the option to be fixed, 30-year amortization, 5-year balloon. In a market where conventional condo financing has tightened up significantly, this is the rare downtown-adjacent home where a buyer can actually get the deal done.1500 Summit #5 sits on the edge of 78741 in the Riverside pocket, less than 2 miles from downtown Austin and walking distance to the Lady Bird Lake Trail right out the back door. Downtown is about 5 minutes by car, Rainey Street and the East Austin food scene are minutes away, ABIA is roughly 10 minutes south, Zilker Park about 10 minutes west, and The Domain around 20 minutes north outside of rush hour.This is one of the most extensively remodeled units in the complex. Three stories,three bedrooms, three full baths and a half bath, freshly repainted top to bottom and move-in ready. The standout feature is the private rooftop balcony with unobstructed downtown skyline views, the kind of outdoor space most condos in this price range simply don’t offer. Inside, smart home technology includes a SimpliSafe alarm system, smart thermostat, and motorized blackout shades in the primary suite. The kitchen anchors the main level with a large island and built-in gas range. The primary suite occupies its own floor on the third level for true separation, with two additional bedrooms below giving the layout real flexibility for guests, an office, or a roommate setup.The community is gated with 24-hour surveillance and secure automatic gate access, one of the few like it this close to downtown. HOA covers all exterior maintenance, roof, common areas, and insurance, so ownership stays simple and predictable. Zoned to Travis Heights Elementary.

Property

Type
Condominium
Levels
Three Or More
Year built
2008
Lot size
0.60 acres
Subdivision
Elmhurst Amd Of Lts 5&6
MLS #
ACT3948455

Inside

Bedrooms
3
Bathrooms
3.5
Living area
2,515 sqft

Outside / parking

Garage spaces
1

Schools

Elementary
Travis Hts
High school
Travis
District
Austin ISD

Costs

HOA
$300 / monthly
Est. annual taxes
$8,258 (2024)

Listing

First listed
May 8, 2025
Days listed
365
Original price
$899,000
Status
Active

Listed by Tony Elias, Volt Realty · [email protected] · MLS# ACT3948455 · 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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