5406 Downs Dr #2
Austin, TX 78721
MLK 183
2 Beds
1.5 Baths
1,021 sqft
2 Beds
1.5 Baths
1,021 sqft
Local Information
© Google
-- mins to
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 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.
Home Highlights
Parking
1 Car Garage
Outdoor
Porch, Patio
A/C
Heating & Cooling
HOA
None
Price/Sqft
$431
Listed
42 days ago
Home Details for 5406 Downs Dr #2
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MLS Status: Active |
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Beds & Baths Number of Bedrooms: 2Number of Bathrooms: 2Number of Bathrooms (full): 1Number of Bathrooms (half): 1 |
Dimensions and Layout Living Area: 1021 Square Feet |
Appliances & Utilities Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water ConnectedAppliances: Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Microwave, Free-Standing Gas Oven, Free-Standing Range, Free-Standing Gas Range, RNGHD, Vented Exhaust Fan, Tankless Water HeaterDishwasherDisposalMicrowave |
Heating & Cooling Heating: CentralHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Central |
Gas & Electric Has Electric on Property |
Windows, Doors, Floors & Walls Window: Double Pane Windows, ENERGY STAR Qualified WindowsFlooring: Tile, Wood |
Levels, Entrance, & Accessibility Stories: 2Levels: TwoAccessibility: NoneFloors: Tile, Wood |
View No ViewView: None |
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Exterior Home Features Roof: CompositionPatio / Porch: Patio, PorchFencing: Privacy, WoodOther Structures: NoneExterior: Private YardFoundation: SlabNo Private Pool |
Parking & Garage Number of Garage Spaces: 1Number of Covered Spaces: 1Has a GarageHas an Attached GarageParking Spaces: 1Parking: Attached, Door-Single, Garage, Garage Faces Front |
Pool Pool: None |
Frontage Waterfront: NoneNot on Waterfront |
Water & Sewer Sewer: Public Sewer |
Farm & Range Not Allowed to Raise Horses |
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Days on Market: 42 |
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Year Built Year Built: 2023 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family Residence |
Building Not a New ConstructionNo Additional Parcels |
Property Information Condition: ResaleParcel Number: 02112203260000 |
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Price List Price: $440,000Price Per Sqft: $431 |
Status Change & Dates Possession Timing: Funding |
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Direction & Address City: AustinCommunity: 5406 Downs Drive Condos Bldg 1 |
School Information Elementary School: Norman-SimsElementary School District: Austin ISDJr High / Middle School: MartinJr High / Middle School District: Austin ISDHigh School: Lyndon B Johnson (Austin ISD)High School District: Austin ISD |
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Listing Agent Listing ID: 9762752 |
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Building Details Builder Name: Homebound |
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Community Features: None |
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HOA Fee Includes: See RemarksHOA Name: 5406 Downs CondominiumsNo HOA |
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Lot Area: 2874.96 sqft |
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Special Conditions: Standard |
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Listing Terms: Cash, Conventional, FHA, VA Loan |
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Mls Number: 9762752Attribution Contact: (512) 330-1004 |
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None |
Last check for updates: about 4 hours ago
Listing courtesy of Wendy Papasan, (512) 330-1004
Keller Williams Realty, (512) 448-4111
Source: Unlock MLS, MLS#9762752
Also Listed on Unlock MLS.
Price History for 5406 Downs Dr #2
| Date | Price | Event | Source |
|---|---|---|---|
| 03/27/2026 | $440,000 | Listed For Sale | Unlock MLS #9762752 |
| 08/09/2024 | ListingRemoved | Unlock MLS #8499857 | |
| 07/03/2024 | $450,000 | Contingent | Unlock MLS #8499857 |
| 06/26/2024 | $450,000 | PriceChange | Unlock MLS #8499857 |
| 06/13/2024 | $460,000 | PriceChange | Unlock MLS #8499857 |
| 05/30/2024 | $465,000 | PriceChange | Unlock MLS #8499857 |
| 05/16/2024 | $469,000 | PriceChange | Unlock MLS #8499857 |
| 05/01/2024 | $474,000 | PriceChange | Unlock MLS #8499857 |
| 04/04/2024 | $484,000 | PriceChange | Unlock MLS #8499857 |
| 02/29/2024 | $489,000 | PriceChange | Unlock MLS #8499857 |
| 01/29/2024 | $494,000 | PriceChange | Unlock MLS #8499857 |
| 12/16/2023 | $499,000 | Listed For Sale | Unlock MLS #8499857 |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $8,335 |
| Assessment | $407,261 |
Home facts updated by county records
Comparable Sales for 5406 Downs Dr #2
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.11 | Single-Family Home | - | 03/27/26 | 4 | 2 | 1,360 | |
0.28 | Single-Family Home | - | 01/27/26 | 3 | 1 | 840 | |
0.34 | Single-Family Home | - | 04/17/26 | 3 | 2 | 1,022 |
Assigned Schools
These are the assigned schools for 5406 Downs Dr #2.
- Martin Middle School
- 7-8
- Public
- 296 Students
1/10GreatSchools RatingParent Rating AverageI used to work here from 2017-2020 and when I heard the news that this school is closing, I was so happy! The students with the exception of like 20%, are the absolute worst people I’ve ever had to teach. They’re rude, violent, very very low IQ, and their parents are no different. The school is an entire safety concern and admin will do absolutely nothing to help you or your child if they are bullied, beaten up and in fact, will probably cover it up and blame you. The academics are incredibly low, the students refuse to learn and would rather fight, argue, scream and resist any type of education. When Covid hit, I was so glad to have gotten away from these students and I was even more thankful that the good students were set free from them as well. I am glad this school is closing, it’s underperforming for years and I hope the school is demolished and the land is put to better use.Thank you Austin ISD for making the correct decision!Other Review3mo ago - Norman Elementary School
- PK-5
- Public
- 278 Students
2/10GreatSchools RatingParent Rating AverageMy child loves his neighborhood school. He's a social butterfly and has made lots of friends. Hes also reading above grade level. There is now a functioning PTA and more opportunities for parents to be involved. My son's teachers have been great so far and I can't say enough great things about the principal, Mr. Salinas and Ms. Andrew's, the vice principal. The school has also been completely renovated and having a modern and sunny building is definitely a bonus.Parent Review1y ago - LBJ Early College High School
- 9-12
- Public
- 772 Students
2/10GreatSchools RatingParent Rating Averagevery good 100% recommend the best in AustinParent Review4y ago 
Check out schools near 5406 Downs Dr #2.
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about MLK 183
At least 41 Trulia users voted on each feature.
91 % Say parking is easy
90 % Say car is needed
81 % Say it's dog friendly
74 % Say yards are well-kept
59 % Say they plan to stay for at least 5 years
57 % Say there's holiday spirit
56 % Say it's quiet
56 % Say there are sidewalks
52 % Say people would walk alone at night
51 % Say there's wildlife
48 % Say neighbors are friendly
47 % Say kids play outside
34 % Say streets are well-lit
28 % Say it's walkable to restaurants
18 % Say it's walkable to grocery stores
18 % Say there are community events
Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Wendy Papasan, Keller Williams Realty, (512) 448-4111
Agent Phone: (512) 330-1004
Based on information from Unlock MLS (alternatively, from ACTRIS) for the period through 2026-05-08 16:38:39 PDT. 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. Some IDX listings have been excluded from this website. Click here for more information
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. Some IDX listings have been excluded from this website. Click here for more information