5406 Downs Dr, Unit 2

1,021 Sq. Ft.
$431 / Sq. Ft.
1,021
Sq. Ft.
$431
per Sq. Ft.

Description

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...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.
  1. Listed by Wendy Papasan • TREC #0593308 • Brokerage DRE #9010968 • Keller Williams Realty
    P: (512)-330-1004 C: (512)-297-9431 listings@papasanproperties.com

Property Details for 5406 Downs Drive, Unit 2

Subdivision Name
5406 Downs Drive Condos Bldg 1
Waterfront
No
Waterfront Description
None
Water Access Description
Public
View
None
View YN
No
Parcel Number
02112203260000
Tax Lot
44
LISTING UPDATED: 04/04/2026 01:30 PM

Property Details for 5406 Downs Drive, Unit 2

StatusActive
MLS #9762752
Days on Market16
Taxes$8,071 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built2023
Lot Size0.07 AC / 2,874 SF
CountyTravis County

Location

Listing Courtesy of Keller Williams Realty, Wendy Papasan, TREC #0593308
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Building Information for 5406 Downs Drive, Unit 2

Stories2Year Built2023Building Size-Lot Size0.07 AC / 2,874 SF

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$2,888 per month

30 year fixed, 6.46% Interest

Principal and Interest

$2,216

Property Taxes

$673

HOA Dues

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Property Information for 5406 Downs Drive, Unit 2

General Information
Parking
  • Garage Spaces: 1
  • Parking Total: 1
  • Parking Features: Attached, Door Single, Garage Faces Front, Garage
  • Garage: Yes
  • Covered Spaces: 1
Interior
  • Interior Features: Ceiling Fan(s), Double Vanity, Kitchen Island, Open Floorplan, Recessed Lighting, Smart Home, Smart Thermostat
  • Flooring: Tile, Wood
  • Appliances: Dishwasher, EnergyStarQualifiedAppliances, FreeStandingGasOven, FreeStandingGasRange, FreeStandingRange, Disposal, Microwave, RangeHood, TanklessWaterHeater, VentedExhaustFan
  • Fireplace: No
  • Fireplaces Total: 0
  • Laundry Features: LaundryRoom, WasherHookup, ElectricDryerHookup
  • Virtual Tour URL Branded: https://5406downsdrive2.mls.tours
  • Virtual Tour URL Unbranded: https://5406downsdrive2.mls.tours/u/
  • Restrictions: DeedRestrictions
Exterior
  • Exterior Features: Private Yard
  • New Construction: No
  • Construction Materials: Hardiplank Type
  • Foundation Details: Slab
  • Patio And Porch Features: Patio, Porch
  • Roof: Composition
  • Fencing: Privacy, Wood
  • Direction Faces: Southwest
  • Window Features: DoublePaneWindows, EnergyStarQualifiedWindows
  • Accessibility Features: None
  • Community Features: None
Property Information
Lot Information
  • FEMA Flood Plain: No
  • Lot Features: Back Yard, Front Yard, Sprinklers In Rear, Sprinklers In Front, Sprinkler - Rain Sensor
  • Horse: No
  • Horse Amenities: None
Location Information
  • Builder Name: Homebound
Utilities
  • Cooling YN: Yes
  • Cooling: Central Air
  • Heating YN: Yes
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green Features
  • Green Energy Efficient: Appliances
Unit Information
Unit 1
  • Permission: IDX
Financial Information
Taxes and HOA Information
  • Association: No
  • Association Name: 5406 Downs Condominiums
  • Association Fee Includes: SeeRemarks
  • Tax Assessed Value: $407,261
  • Additional Parcels: No
  • Tax Year: 2025
  • Tax Rate: 1.98%
Showing Information
Showing Information
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Directions: IH 35, East on MLK, Right on Heflin, Right on Webberville, Left on Downs

Property History for 5406 Downs Drive, Unit 2

DateEvent & SourcePriceAppreciation
Mar 27, 2026

Listed (Active)

ACTRIS #9762752

$440,000
Aug 1, 2024

Sold

ACTRIS #8499857

Jul 3, 2024

Pending

ACTRIS #8499857

Jul 2, 2024

Pending

ACTRIS #8499857

$450,000
Dec 16, 2023

Listed (Active)

ACTRIS #8499857

$499,000
DateEvent & SourcePrice
03/27/2026

Listed (Active)

ACTRIS #9762752

$440,000
08/01/2024

Sold

ACTRIS #8499857

07/03/2024

Pending

ACTRIS #8499857

07/02/2024

Pending

ACTRIS #8499857

$450,000
12/16/2023

Listed (Active)

ACTRIS #8499857

$499,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5406 Downs Drive, Unit 2

Taxable ValueLand$103,500Additions$303,761Total$407,261
Home Facts
Beds2Total Finished SqFt981 SqFtAbove Grade Finished SqFt981 SqFtStories2Lot Size2,884 SqFtStyleCondominiumYear Built2022CountyTRAVISAPN02112237030000

Schools near 5406 Downs Drive, Unit 2

This home is within Austin Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 7 to 8
Public - 9 to 12
Public - 8 to 12
Rating
School
Distance
Norman Elementary School
PublicPK to 5

Martin Middle School
Public7 to 8

LBJ Early College High School
Public9 to 12

Leadership Academy
Public8 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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5406 Downs Drive, Unit 2 is a single family home for sale in Austin, TX 78721. This property was listed for sale on March 27, 2026 by Keller Williams Realty, it's currently listed at $440,000. It has been on the market for a total of 16 days and was last sold on August 1, 2024. This listing's school district is Austin Independent School District. Nearby schools include Norman Elementary School, Martin Middle School and LBJ Early College High School. 5406 Downs Drive, Unit 2 is a 2-bed, 2-bath, 1,021 sqft single family home built in 2023.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty, Wendy Papasan, TREC #0593308

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, Waco Association of REALTORS, and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2026 Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All rights reserved. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. All area measurements and calculations are approximate and should be independently verified. Data may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market”. © [2026] REsides, Inc. All rights reserved. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.