5501 Downs Dr, Austin, TX 78721
Property image
Property image
OFF MARKET

$476,900

Trulia Estimate
as of Nov 12, 2026
  • 4 Beds
  • 2 Baths
  • 1,702 sqft

5501 Downs Dr, Austin, TX 78721

MLK 183

Home Highlights

Single-Family Home
Built in 1970
1,702 sqft
$280/sqft

Local Information

  • Map ViewExplore the area around 5501 Downs Dr.
  • Schools1 Preschool School1 Elementary School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

What's unique:Modern finishesCarpeted flooringBedrooms offer ceiling fansHardwood flooringStorage shedTerraced garden bed
Welcome to this beautifully updated 4-bedroom, 2-bath home in East Austin's desirable 78721 area. Combining modern finishes with inviting indoor and outdoor living spaces, this home offers comfort, style, and convenience just minutes from downtown.

The home features hardwood flooring, large windows that fill the space with natural light, and a thoughtfully designed layout. The living room includes a ceiling fan and wall-mounted TV bracket, while the dedicated dining area is highlighted by a stylish woven basket chandelier.

The gourmet kitchen is designed for both everyday living and entertaining, featuring shaker-style cabinetry, floating shelves, quartz countertops, a subway tile backsplash, and a large center island with breakfast bar seating. Stainless steel appliances include a gas range, French-door refrigerator, microwave, dishwasher, and undermount sink with gooseneck faucet.

All bedrooms offer ceiling fans, carpeted flooring, and spacious closets, including one bedroom with a large walk-in closet complete with built-in shelving and hanging storage. The primary bathroom features a dual-sink vanity and tub/shower combination, while the secondary bathroom includes a vanity and tiled shower with built-in niche.

Step outside to enjoy an impressive multi-level wooden deck, complete with custom-built outdoor seating and a coffee table, creating the perfect setting for relaxing or entertaining. The fully fenced backyard offers mature shade trees, raised garden beds, a fire pit, storage shed, and exceptional privacy.

Additional exterior features include a wide elevated front porch, expansive front lawn, terraced garden bed, and off-street parking via the side driveway. A dedicated laundry area with washer and dryer included adds everyday convenience.

LOCATION HIGHLIGHTS

-Downtown Austin approximately 10 minutes
-AustinBergstrom International Airport (AUS) approximately 15 minutes
-The University of Texas at Austin approximately 10 minutes
-Oracle Corporate Campus nearby major employer
-Tesla Gigafactory Texas convenient commuter access
-Mueller Development shopping, dining, entertainment, and grocery options
-East Austin Entertainment District restaurants, coffee shops, breweries, and nightlife
-Lady Bird Lake & Trail System outdoor recreation, biking, and walking trails

Your Perfect Austin Home Awaits. Schedule your tour now!

All Bay Property Management Group Austin residents are automatically enrolled in the Resident Benefits Package (RBP) for $50.00/month, which includes renters insurance, credit building to help boost your credit score with timely rent payments, $1M Identity Protection, HVAC air filter delivery, move-in concierge service making utility connection and home service setup a breeze during your move-in, our best-in-class resident rewards program, and much more! The Resident Benefits Package is a voluntary program and may be terminated at any time, for any reason, upon thirty (30) days' written notice. Tenants that do not upload their own renters insurance to the Tenant portal 5 days prior to move in will be automatically included in the RBP and the renters insurance program. More details upon application.

Minimum monthly income 3 times the tenant's portion of the monthly rent is required. Further requirements include: acceptable rental history, acceptable credit history, acceptable criminal history, and complete and accurate information on the application.

Pursuant to Texas law, the landlord is not required to and does not accept housing vouchers at this property. The landlord complies with the Texas Fair Housing Act and will not discriminate against an applicant based on any characteristic protected by law. Bay Management Group Austin, LLC represents the landlord in all transactions.

Close To Restaurants
5501 Downs Dr, Austin, TX 78721 is a 4 bedroom, 2 bathroom, 1,702 sqft single-family home in MLK 183, built in 1970. It was last sold on May 11, 2021. More recently, it was listed as a rental in June 2026 with an asking price of $2,750 per month. That rental listing was removed on August 19, 2026. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $476,900, with a rent estimate of $2,859/month.

Home Details for 5501 Downs Dr

Property Information

Year Built
Year Built: 1970
Property Type / Style
Property Type: Single Family Home

Rental Terms, Policies & Fees

Lease Term: Contact For DetailsAvailable: now

Comparable Sales for 5501 Downs Dr

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1724 Hillcrest Ln, Austin, TX
0.18
Single-Family Home
-
03/27/26
4
2
1,360 sqft
1206 Eleanor St, Austin, TX
0.26
Single-Family Home
-
11/13/25
3
2
1,417 sqft
1428 Webberville Rd #1&2, Austin, TX
0.27
Unknown
-
11/14/25
-
-
1309 Delano St #2, Austin, TX
0.13
Single-Family Home
-
11/16/25
2
2
1,024 sqft
1117 Delano St, Austin, TX
0.38
Single-Family Home
-
03/12/26
4
2
1,190 sqft
5205 Stone Gate Dr, Austin, TX
0.39
Single-Family Home
-
05/19/26
3
2
1,870 sqft
5000 Baker St, Austin, TX
0.40
Single-Family Home
-
05/04/26
4
3
1,900 sqft
5203 Stone Gate Dr, Austin, TX
0.38
Single-Family Home
-
05/14/26
3
2
1,229 sqft
5209 Woodmoor Dr, Austin, TX
0.44
Single-Family Home
-
10/16/26
3
2
1,540 sqft
5101 Woodmoor Dr, Austin, TX
0.52
Single-Family Home
-
02/06/26
3
2
1,389 sqft

Nearby homes

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Price and Tax history

DateEventPrice
Aug 19, 2026
Source: Zillow Rentals
ListingRemoved
$2,699
Jul 31, 2026
Source: Zillow Rentals
PriceChange
$2,699
Price decreased by 2%
Jun 18, 2026
Source: Zillow Rentals
Listed For Rent
$2,750
Jul 15, 2024
Source: Zillow Rentals
ListingRemoved
Jun 27, 2024
Source: Zillow Rentals
PriceChange
$2,750
Price decreased by 5%

Around this home

Neighborhood Overview

MLK 183
See Local Highlights
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

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "No events just lost of parks with mostly friendly dogs and nice owners. People overall are cordial and respectful. "
    1
    Flag
  • Trulia User
    "there is many animal lovers in the area. lots of dogs walking and bike riding. it's a great place if you don't mind to drive to your destination. "
    0
    Flag
  • Trulia User
    "easy access to 183 and Airport blvd. connects to major plazas and workplace services. it's easy to get to work every morning. I have no trouble with traffic . very easy to remember your ways around the area. "
    0
    Flag
  • Amber P.
    "Hard to exit the neighborhood, only one entrance and exit way.. it’s always busy at the exit in the morning do to it being 969 and then there is a light so leaving early is a must. "
    0
    Flag
  • John D
    "A lot of stray and dogs not on leases and/or not contained. many of the dogs will chase you down the street."
    2
    Flag
  • Sabrina S.
    "It's relatively easy to get to any part of town in a short amount of time. the only thing that bothers me is all of the construction"
    1
    Flag
  • Chelsea M. n.
    "Nothing specific. We just stand in the yard and talk to each other. My neighbor and I both have goats and he helps me with mine sometimes. "
    18
    Flag
  • Perrysheree
    "They are all of different nationality. they are quite. Yhey have children. They weeken hard. They participate in events. They pay their rent on time. "
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 5501 Downs Dr

  • What is 5501 Downs Dr estimated to be worth?
    Trulia's estimated value for 5501 Downs Dr in Austin, TX is $476,900.
  • What is the price history for 5501 Downs Dr?
    5501 Downs Dr in Austin, TX last sold in May 2021.
  • Is Austin a buyer's or seller's market?
    Austin is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Austin?
    The median sale price in Austin is $567K. That is down $7.63K from the prior month.

Homes for rent near 5501 Downs Dr

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Affordability

TIP:Try to keep your rent within a third of your gross household income. Learn why in our Renter's Guide.
For this property
PER YEAR
is the suggested income
Win over prospective landlords with your smart budgeting. As a good rule of thumb, ideally you would have at least three times your monthly rent in combined household income.
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