5406 Downs Dr Unit 2 Austin, TX 78721
East MLK NeighborhoodHighlights
- Open Floorplan
- Wood Flooring
- No HOA
- Vaulted Ceiling
- Private Yard
- Porch
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.
Listing Agent
Keller Williams Realty Brokerage Phone: (512) 330-1004 License #0593308 Listed on: 03/27/2026
Home Details
Home Type
- Single Family
Year Built
- Built in 2023
Lot Details
- 2,875 Sq Ft Lot
- Southwest Facing Home
- Wood Fence
- Rain Sensor Irrigation System
- Front and Back Yard Sprinklers
- Private Yard
- Back and Front Yard
Parking
- 1 Car Attached Garage
- Front Facing Garage
- Single Garage Door
Home Design
- Slab Foundation
- Composition Roof
- HardiePlank Type
Interior Spaces
- 1,021 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Vaulted Ceiling
- Ceiling Fan
- Recessed Lighting
- Double Pane Windows
- ENERGY STAR Qualified Windows
- Laundry Room
Kitchen
- Free-Standing Gas Oven
- Free-Standing Gas Range
- Free-Standing Range
- Range Hood
- Microwave
- Dishwasher
- ENERGY STAR Qualified Appliances
- Kitchen Island
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- Double Vanity
Home Security
- Smart Home
- Smart Thermostat
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Patio
- Porch
Schools
- Norman-Sims Elementary School
- Martin Middle School
- Lyndon B Johnson High School
Utilities
- Central Heating and Cooling System
- Vented Exhaust Fan
- Natural Gas Connected
- Tankless Water Heater
Community Details
- No Home Owners Association
- 5406 Downs Condominiums Association
- Built by Homebound
- 5406 Downs Drive Condos Bldg 1 Subdivision
Listing and Financial Details
- Assessor Parcel Number 02112203260000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $10,852 | $599,812 | $300,000 | $299,812 |
| 2022 | $9,814 | $496,925 | $300,000 | $196,925 |
| 2021 | $7,622 | $350,152 | $175,000 | $175,152 |
| 2020 | $5,258 | $245,148 | $175,000 | $70,148 |
| 2018 | $4,812 | $217,368 | $175,000 | $102,676 |
| 2017 | $4,407 | $197,607 | $140,000 | $113,585 |
| 2016 | $4,006 | $179,643 | $75,000 | $125,011 |
| 2015 | $3,172 | $163,312 | $75,000 | $106,637 |
| 2014 | $3,172 | $148,465 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/27/2026 03/27/26 | For Sale | $440,000 | 0.0% | $431 / Sq Ft | |
| 03/27/2026 03/27/26 | Price Changed | $440,000 | 0.0% | $431 / Sq Ft | |
| 03/10/2026 03/10/26 | For Sale | $440,000 | -2.2% | $431 / Sq Ft | |
| 08/01/2024 08/01/24 | Sold | -- | -- | -- | View Prior Sale |
| 06/26/2024 06/26/24 | Price Changed | $450,000 | -2.2% | $441 / Sq Ft | |
| 06/13/2024 06/13/24 | Price Changed | $460,000 | -1.1% | $451 / Sq Ft | |
| 05/30/2024 05/30/24 | Price Changed | $465,000 | -0.9% | $455 / Sq Ft | |
| 05/16/2024 05/16/24 | Price Changed | $469,000 | -1.1% | $459 / Sq Ft | |
| 05/01/2024 05/01/24 | Price Changed | $474,000 | -2.1% | $464 / Sq Ft | |
| 04/04/2024 04/04/24 | Price Changed | $484,000 | -1.0% | $474 / Sq Ft | |
| 02/29/2024 02/29/24 | Price Changed | $489,000 | -1.0% | $479 / Sq Ft | |
| 01/29/2024 01/29/24 | Price Changed | $494,000 | -1.0% | $484 / Sq Ft | |
| 12/16/2023 12/16/23 | For Sale | $499,000 | -- | $489 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Vendors Lien | -- | Fidelity National Title | |
| Vendors Lien | -- | Alamo Title Company | |
| Special Warranty Deed | -- | -- | |
| Trustee Deed | $62,444 | -- | |
| Vendors Lien | -- | Fidelity National Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $200,000 | Stand Alone First | |
| Closed | $101,437 | FHA | |
| Previous Owner | $39,480 | Fannie Mae Freddie Mac | |
| Previous Owner | $58,000 | Purchase Money Mortgage | |
| Closed | $15,000 | No Value Available |
Source: Unlock MLS (Austin Board of REALTORS®)
MLS Number: 9762752
APN: 202937
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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