$538,998

Property Overview

This sixth-floor condo at 507 Sabine Street transforms the live-work ethos of Downtown Austin into a rare opportunity. Converted from a historic commercial building and reimagined in 2007, Sabine on Fifth delivers 1,456 square feet of living space with commanding southwest views toward the Frost tower and beyond. The two-bedroom, two-bath layout captures the essence of urban living while maintaining the character of its architectural lineage, positioning residents steps from the 6th Street entertainment corridor, Lady Bird Lake's recreational offerings, and Congress Avenue's vibrant core.

The pricing here reflects exceptional value in the walkable urban core, sitting 48 percent below the neighborhood median. Seller financing opens an alternative path forward, with qualified buyers potentially locking rates in the mid-4s to mid-5s range and closing in as little as 14 days. The unit includes two parking spots built into the HOA structure, and after a 24-month ownership period, the property becomes eligible for lease opportunities. The building maintains strict owner-occupancy standards with no short-term rentals permitted, preserving the residential integrity of this Downtown Austin address.

Vox Real Estate Insight

At Vox Residential, we recognize this property's extended market time reflects current downtown headwinds, but the seller financing structure combined with below-market pricing creates genuine appeal for buyers seeking to maximize purchasing power in the urban core. The Sabine on Fifth conversion project itself represents the thoughtful adaptive-reuse trend that's reshaping Downtown Austin's residential landscape.

Agent Description

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

Neighborhood: Downtown Austin

This property is located in Downtown Austin, Austin, TX. The area is known for 6th Street Entertainment, Lady Bird Lake, Congress Avenue, High-Rise Living, Walkable Urban Core.

At $370/sqft, this listing is priced 48% below the Downtown Austin median of $715/sqft.

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