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$498,500 -$40,498 (-7.51%) Price Reduced
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Property Description & Video
507 Sabine Street #605, Austin, TXVideo Tour of 507 Sabine Street #605, Austin, TX.
MAXIMIZE YOUR BUYING POWER with exclusive seller financing! Well-qualified buyers can lock in rates from the mid-4's to mid-5's, depending on down payment, and save up to $14K in closing costs. Minimum 20% down payment. All buyers must be pre-approved through Preferred Lender to be considered. No formal underwriting, no discount points, close in as little as 14 days. No Short Term Rentals Allowed per HOA. $250.02 of the HOA fee is for 2 parking spots. They can be rented out to other residents. The unit can be leased after owning it for 24 months. Sabine on Fifth is a DISTINCTIVE adaptation of a commercial building, originally constructed in 1980 and thoughtfully converted into residences in 2007. Experience ultimate downtown living in this stunning 6th-floor high-rise condo. The light-filled, open-concept floor plan showcases spectacular views down 5th Street through dramatic, oversized arching windows complete with custom window seats. Perfect for entertaining, the gourmet kitchen boasts a massive quartz peninsula with seating for five, premium stainless steel appliances, a wine fridge, and modern chic pendant lighting. The expansive primary suite features jaw-dropping city vistas and a spa-like ensuite bath with a separate soaking tub and a large glass-enclosed shower. High ceilings, polished concrete floors, and a private secondary suite complete this sophisticated urban oasis. This unit provides the added convenience of two reserved garage parking spaces at the adjacent Hilton Garden Inn with covered mezzanine access to the Sabine elevator that takes you to the 6th floor. Residents of Sabine on 5th Street can also join The Hilton's Skyline Spa & Health Club for a low monthly fee, offering access to the 24-hour fitness center, saltwater pool, hot tub, and saunas. Virtual Tour: https://www.youtube.com/watch?v=eiOCOMqbaB0
Full Property Details
Full Property Details for 507 Sabine St #605
General
- Price: $498,500
- HOA FEE: $1,166/month
- Taxes: $10,812 (2025)
- Status: Active
- Type: Condo
- Source: Austin_MLS
- MLS ID: 9240122
- Updated: 8/23/2026
- Added to Site: 797 day(s) ago
Interior
- Interior Features: Breakfast Bar, Ceiling Fan(s), Chandelier, High Ceilings, Main Level Primary, No Interior Steps, Open Floorplan, Quartz Counters, Recessed Lighting
- Appliances: Dishwasher, Exhaust Fan, Electric Oven, Electric Range, Disposal, Microwave, Refrigerator, Stainless Steel Appliance(s), Wine Refrigerator
- Flooring: Concrete
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
- Bedrooms Main: 2
Other Rooms
- Laundry: Laundry Closet, In Unit
Additional Information
- Shared Amenities: Concierge
- Security/Safety: Fire Alarm, Smoke Detector(s)
Exterior
- Exterior Features: Lighting
Parking
- Garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Total Spaces: 2
- Parking Features: Assigned, Garage, See Remarks
Location
- Area: DT
- County: Travis
- Subdivision: Sabine On 05 Residential Condo
- Driving Directions: Sabine on 5th is located Downtown Austin on the corner of E 5th St and Sabine St. This is one block west of I-35 and one block eat of Red River. There is 15 MINUTE PARKING IN FRONT OF BUILDING on Sabine St and other various paid street & garage parking in the area. This is for Unit #605 (6th floor).
- Direction Faces: Southwest
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 Master Condo
- Assoc. Fees Include: Common Area Maintenance, Insurance, Maintenance Grounds, Maintenance Structure, Parking, Security
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Cable Available: Yes
- Utility Description: Cable Available, Electricity Available, High Speed Internet Available, Sewer Available, Water Available
Structural Information
- Detached/Attached: Detached
- Construction: Masonry
- Roof: Membrane
- Windows: See Remarks
- Stories/Levels: 1
- Square Feet: 1,456
- Sq. Ft. Source: Public Records
- Living Area: 1,456 Sq. Ft.
- Year Built: 2007
- Year Built Source: Public Records
- Property Condition: Resale
Additional Structures
- Other Structures: None
Lot Features
- Property View: City Lights, City
- Lot Size (Acres): 0.0052
- Lot Size (Sq. Ft.): 226.51
- Street Lights: Yes
- Sidewalks: Yes
- Lot Features: Views
- Fencing (Description): None
Water Features
- Water Front Desc.: Creek
Financial Considerations
- Association Fee: $1,166
- Assoc Fee Freq.: Monthly
- Assessment Amount: $597,614
- Tax Amount: $10,812.03
- Tax Year: 2025
- Terms: Cash, Conventional, Owner May Carry, See Remarks
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Disclosure(s), HOA Documents
- Legal Description: UNT 605 SABINE ON FIFTH RESIDENTIAL CONDOMINIUM AMENDED THE PLUS 1.5049 % INT IN COM AREA
- Disclosures/Reports: Seller Disclosure
- Property ID: 2060422370000
- Lot Number: 605
Listed by Compass RE Texas, LLC
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Schools
Schools serving 507 Sabine St #605
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 ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 507 Sabine St #605
Date
Details
Price
Change
Source
8/23/2026
Price Reduced
$498,500
-7.51%
MLS
7/24/2026
Price Reduced
$538,998
—
MLS
6/25/2026
Price Reduced
$538,999
—
MLS
1/02/2026
Price Reduced
$539,000
-2%
MLS
9/01/2025
Price Reduced
$550,000
-8.1%
MLS
8/08/2025
Price Reduced
$598,499
—
MLS
5/02/2025
Price Reduced
$598,500
-5.75%
MLS
2/17/2025
Price Reduced
$635,000
-6.62%
MLS
8/22/2024
Price Reduced
$680,000
-1.45%
MLS
6/20/2024
Listed
$690,000
—
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 #605
Year
Property Taxes
Change
Tax Assessment
Change
2025
$12,320
22%
$597,614
-3%
2024
$10,059
100%
$613,438
-16%
2022
-100%
$730,770
-1%
2022
$14,892
16%
$741,813
27%
2021
$12,842
11%
$586,008
13%
2020
$11,579
4%
$520,000
—
2020
$11,153
-3%
$520,000
—
2019
$11,540
5%
$519,000
6%
2016
$10,944
—
$490,727
—
2017
$10,944
22%
$490,727
26%
2015
$8,955
7%
$390,000
-1%
2013
$8,335
—
$393,985
16%
2013
$8,335
—
$338,378
—
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 #605
507 Sabine Street #605, Austin, TX 78701 (MLS# 9240122) is a Condo property with 2 bedrooms and 2 full bathrooms. 507 Sabine Street #605 is currently listed for $498,500 and was received on June 20, 2024. Want to learn more about 507 Sabine Street #605? 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.

