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$298,990
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Property Description
***NEW HOA DUES _ MUCH LOWER!!! (HOA $432.23 + 125.01 [parking] = $557.24)***Welcome to urban living at its finest in the heart of Downtown Austin. This stylish 1-bedroom, 1-bath condo at 507 Sabine St #503 is the ultimate spot for University of Texas parents, alumni, and fans - your home base for weekends in Austin, game day gatherings, and visits with your Longhorn student. Inside, soaring ceilings and west-facing views showcase the Frost Tower, the Texas State Capitol, and the city skyline - plus a glimpse of Waterline, the tallest building in Texas. The kitchen features a center island, stainless steel appliances, and sleek cabinetry - perfect for hosting friends before kickoff or grabbing a bite after exploring campus. The bedroom provides a comfortable retreat, while the bathroom offers convenient access from both the bedroom and entryway, making it easy to accommodate guests. Seller's updates include a brand-new HVAC system and a new water heater for peace of mind. Step outside and the best of Austin is at your feet. Rainey Street, Red River's live music venues, East Sixth dining and bars, and the new convention center are all just blocks away. Jog along Lady Bird Lake, or take advantage of walkable grocery shopping just around the corner. And when it's game day? You're just minutes from campus - skip the traffic, park once, and enjoy the weekend Longhorn-style. This isn't just a condo - this is your Austin hub for UT, Downtown, and everything in between. Schedule a tour and lock in your game day and getaway retreat! Exclusive Seller Financing Available: Well qualified buyers can lock in rates from the mid-4's to mid-5's (depending on down payment) and save up to $8K in closing costs. Minimum 15% down payment required. All buyers must be pre-approved through Preferred Lender to be considered. No formal underwriting, no discount points, and close in as little as 14 days.
Full Property Details
Full Property Details for 507 Sabine St #503
General
- Price: $298,990
- HOA FEE: $557/month
- Taxes: (2024)
- Status: Active
- Type: Condo
- Source: Austin_MLS
- MLS ID: 4483863
- Updated: 12/16/2025
- Added to Site: 258 day(s) ago
Interior
- Interior Features: Ceiling Fan(s), Eat-in Kitchen, High Ceilings, Kitchen Island, Main Level Primary, Open Floorplan, Recessed Lighting
- Fireplace(s): None
- Appliances: Dishwasher, Free-Standing Electric Range, Disposal, Microwave
- Flooring: Concrete
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 1
- Bedrooms Main: 1
Other Rooms
- Laundry: Inside, Laundry Closet
Additional Information
- Shared Amenities: Concierge
- Spa Description: None
- Security/Safety: Smoke Detector(s)
Exterior
- Exterior Features: None
Parking
- Garage: Yes
- Garage Spaces: 1
- Covered Spaces: 1
- Total Spaces: 1
- Parking Features: Assigned, Garage, Guest
Location
- Area: DT
- County: Travis
- Subdivision: Sabine On 05 Residential Condo
- Driving Directions: From North I35, take exit 234C toward 6th St/12th St, turn left onto E 6th St, turn left at the 1st cross street onto S I-35 Frontage Rd, turn right onto E 5th St., turn right onto Sabine St. Property is on the corner of 5th Street & Sabine.
- Direction Faces: West
School Information
- Elem School District: Austin ISD
- Midd School District: Austin ISD
- High School District: Austin ISD
- Elementary School: Mathews
- Middle School: O Henry
- High School: Austin
Community
- Association: Yes
- Assoc. Name: Sabine on 5th
- Assoc. Fees Include: Common Area Maintenance, Parking, Trash
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Sewer Available, Water Available
Structural Information
- Detached/Attached: Detached
- Construction: Masonry
- Roof: See Remarks
- Windows: None
- Stories/Levels: 1
- Square Feet: 693
- Sq. Ft. Source: Public Records
- Living Area: 693 Sq. Ft.
- Year Built: 2007
- Year Built Source: Public Records
- Property Condition: Resale
Additional Structures
- Other Structures: None
Lot Features
- Property View: City
- Lot Size (Acres): 0.0025
- Lot Size (Sq. Ft.): 108.9
- Lot Features: Corner Lot, City Lot
- Fencing (Description): None
Financial Considerations
- Association Fee: $557
- Assoc Fee Freq.: Monthly
- Assessment Amount: $291,393
- Tax Year: 2024
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: UNT 503 SABINE ON FIFTH RESIDENTIAL CONDOMINIUM AMENDED THE PLUS .7115 % INT IN COM AREA
- Disclosures/Reports: Seller Disclosure
- Property ID: 2060422250000
- Lot Number: 503
Listed by Keller Williams Realty
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Schools
Schools serving 507 Sabine St #503
School District:Austin Independent School District
| Name | Grades | Distance |
|---|---|---|
Mathews Elementary School 906 West Lynn Street, Austin, TX 78703 | PK-6 | 1.7 mi |
Austin High School, Austin, TX 1715 West Cesar Chavez Street, Austin, TX 78703 | 9-12 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 507 Sabine St #503
Date
Details
Price
Change
Source
12/12/2025
Price Reduced
$298,990
-0.33%
MLS
11/26/2025
Price Reduced
$299,990
-5.37%
MLS
11/12/2025
Price Reduced
$317,000
-0.63%
MLS
10/25/2025
Price Reduced
$318,999
-0.31%
MLS
9/25/2025
Price Reduced
$319,990
-4.45%
MLS
8/20/2025
Price Reduced
$334,900
-4.31%
MLS
7/17/2025
Price Reduced
$349,999
—
MLS
6/20/2025
Price Reduced
$350,000
-2.66%
MLS
6/10/2025
Price Reduced
$359,575
-1.48%
MLS
5/22/2025
Price Reduced
$364,990
-1.09%
MLS
5/05/2025
Listed
$369,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 507 Sabine St #503
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,277
—
$251,035
-14%
2024
$4,277
100%
$291,393
-23%
2022
-100%
$378,007
11%
2022
$5,544
-4%
$341,617
12%
2021
$5,756
-9%
$305,193
7%
2020
$6,328
4%
$284,205
—
2020
$6,096
-6%
$284,205
-4%
2018
$6,502
—
$296,000
1%
2016
$6,521
—
$292,409
—
2017
$6,521
1%
$292,409
4%
2015
$6,442
5%
$280,584
9%
2014
$6,136
13%
$257,839
17%
2013
$5,417
—
$219,931
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 507 Sabine St #503
507 Sabine Street #503, Austin, TX 78701 (MLS# 4483863) is a Condo property with 1 bedroom and 1 full bathroom. 507 Sabine Street #503 is currently listed for $298,990 and was received on May 05, 2025. Want to learn more about 507 Sabine Street #503? Do you have questions about finding other Condo real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.

