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Austin · 5406 Downs Drive Condos Bldg 1

$440,000 59 days on market

5406 Downs Dr #2, Austin, TX 78721

  • 2bedrooms
  • 1.5bathrooms
  • 1,021sqft
  • 0.07acres
  • 2023year built

About this home

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.

Property

Type
Single Family Residence
Levels
Two
Year built
2023
Lot size
0.07 acres
Subdivision
5406 Downs Drive Condos Bldg 1
MLS #
ACT9762752

Inside

Bedrooms
2
Bathrooms
1.5
Living area
1,021 sqft

Outside / parking

Garage spaces
1

Schools

Elementary
Norman-Sims
High school
Lyndon B Johnson (Austin ISD)
District
Austin ISD

Costs

Est. annual taxes
$8,071 (2025)

Listing

First listed
Mar 10, 2026
Days listed
59
Status
Active

Listed by Wendy Papasan, Keller Williams Realty · [email protected] · MLS# ACT9762752 · 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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