- Location: 555 E 5th St., near Sixth Street District, with a Walk Score of 97.
- Residences: 98 units, ranging from 1-bedroom (776 sq ft) to 4-bedroom penthouses (up to 7,418 sq ft).
- Amenities: Heated saltwater pool, fitness center, spa, rooftop terrace, concierge services, and access to Hilton perks like room service and valet parking.
- Prices: Starting at $459,000 for 1-bedroom units; rentals from $2,495/month.
- HOA Fees: $900–$2,500/month, covering utilities and maintenance.
With sweeping city views, high-end finishes, and proximity to dining, entertainment, and parks, The 5 Fifty Five combines urban convenience with upscale living. Ready to explore your options? Keep reading for a full breakdown.
Building Details
Building Stats
Completed in 2004 by AECOM, this 31-story tower rises 377 feet and includes 98 residences, located on floors 7–9 and 27–31. The building offers a variety of living spaces, ranging from one-bedroom units starting at 776 square feet to spacious four-bedroom homes as large as 7,418 square feet. These dimensions complement the building’s striking design.
Design Features
The 5 Fifty Five showcases interiors designed for modern elegance and comfort. Residences feature 12-foot ceilings and floor-to-ceiling windows that provide sweeping city views. Private wrap-around balconies seamlessly extend the living areas outdoors. Kitchens are equipped with high-end appliances, granite countertops, and custom cabinetry, while master suites include dual vanities and glass-enclosed showers. Contemporary conveniences like Crestron smart home systems and motorized solar shades enhance functionality, with custom storage solutions adding a polished touch. Some units even include private rooftop terraces for an elevated living experience.
Location and Access
The 5 Fifty Five is located in the heart of downtown Austin, right near the lively Sixth Street Entertainment District. With a Walk Score of 97, it’s a true "walker’s paradise", where most daily errands can be done without needing a car.
Nearby Spots
Situated at 555 E 5th St., this location offers easy access to essential amenities. Three major shopping centers are within 0.4 miles, and healthcare needs are covered with Dell Seton Medical Center just 0.8 miles away, plus two other hospitals within 2.2 miles. Lady Bird Lake, along with its popular hike-and-bike trail, is right at your doorstep. Additionally, residents can enjoy five parks within a 2.7-mile radius. Beyond the basics, the area is packed with entertainment and dining opportunities.
Food and Fun
Living at The 5 Fifty Five means being steps away from a variety of dining and entertainment options. Residents can visit spots like Alamo Drafthouse Cinema Ritz, the Museum of the Weird, Mexic-Arte Museum, and plenty of live music venues. With a Transit Score of 66 and a Bike Score of 95, the area supports a car-free lifestyle. For business professionals, the nearby Austin Convention Center offers added convenience, while the surrounding streets are packed with bars, clubs, restaurants, and cultural hotspots.
Amenities
Services
Located above the Hilton, The 5 Fifty Five offers residents 24/7 concierge services and onsite management. A private lobby entrance connects residents to a range of perks, including room service, valet parking, access to hotel restaurants and bars, and even a nearby Starbucks.
Facilities
On the 8th floor, residents can enjoy a mix of wellness, recreational, and business-focused amenities. These features enhance the urban living experience. Here’s a breakdown of what’s available:
| Wellness Amenities | Entertainment Spaces | Business Facilities |
|---|---|---|
| Heated saltwater pool | Resident terrace | Conference room |
| Modern fitness center | Pool bar | Business center |
| Spa facilities | Outdoor lounge | Common area WiFi |
| Sauna | Lobby coffee bar | Guest suites |
| Massage room | Rooftop terrace/bar | Locker rooms |
The health club is equipped with advanced workout machines and designated exercise areas. Social spaces, like the rooftop terrace and lounge, are perfect for unwinding or connecting with neighbors. Residents also enjoy discounts at the hotel’s spa and pool, adding extra convenience to downtown Austin living.
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Units and Prices
Unit Types
The 5 Fifty Five offers 98 residences with a variety of layouts, designed for modern urban lifestyles. These units are equipped with high-end features like bamboo flooring, granite countertops, stainless steel appliances, travertine bathrooms, and spacious walk-in closets, combining style and functionality.
| Unit Type | Square Footage | Key Features |
|---|---|---|
| 1 Bedroom | 776 – 1,469 sq ft | Private balcony, walk-in closet |
| 2 Bedroom | 1,095 – 3,142 sq ft | Multiple layouts, larger terraces |
| 3 Bedroom | 2,041 – 5,055 sq ft | Expanded living areas, premium views |
| 4 Bedroom | 2,362 – 7,418 sq ft | Luxury penthouses, maximum space |
Current Prices
Downtown Austin’s real estate market has shifted, with the median sale price now at $634,000 – 15.5% lower than last year. Pricing for units at The 5 Fifty Five depends on the layout and location within the building:
- One-Bedroom Units: Starting at $459,000; an 832 sq ft unit recently sold for $499,000.
- Two-Bedroom Units: Priced between $724,999 and $1.385 million.
- Three-Bedroom Units: Range from $1.85 million to $3.275 million.
- Four-Bedroom Units: Available at $3.19 million.
For rentals, options include a 902 sq ft one-bedroom listed at $3,000/month and an 833 sq ft unit available for $2,495/month. Monthly HOA fees range from $900 to $2,500, covering amenities, maintenance, and essential utilities like gas, heat, water, and insurance.
Next, we’ll explore resident feedback to give you a well-rounded view of life at The 5 Fifty Five.
Resident Feedback
Resident opinions provide a closer look at what it’s like to live at The 5 Fifty Five. Their insights shed light on how the property blends upscale living with hotel-style perks, while also pointing out a few challenges.
Benefits and Drawbacks
| Advantages | Considerations |
|---|---|
| Prime Location | Urban Environment |
| • Walk Score: 97/100 | • Higher crime rate: 10/10 |
| • Located in Sixth Street District | |
| • Across from Brush Square Park | |
| Top-notch Amenities | |
| • Access to full hotel amenities | |
| • 24/7 concierge service | |
| • Room service available | |
| Convenient Transportation | |
| • Metro Rail stop nearby | |
| • Bike Score: 95/100 | |
| • Transit Score: 66/100 |
Residents are especially impressed by the building’s premium amenities, which enhance the hotel-like experience. These include:
- Breakfast and coffee concierge service
- Media center and movie theater
- Guest suites for visitors
- Conference facilities
- Outdoor grilling area
Apartments.com has rated The 5 Fifty Five a perfect 5.0 out of 5. However, this score is based solely on the building’s features and amenities, as there are no renter reviews currently available on the platform.
Other Downtown Condos
Downtown Austin boasts a range of luxury condos that can compete with The 5 Fifty Five. Here’s an overview of some standout properties and key market insights.
Similar Properties
The Four Seasons Residences is one of the most prestigious addresses in downtown Austin. Located at 98 San Jacinto Street, this 32-story, 350-foot tower designed by Michael Graves offers a mix of lakefront living and stunning views of the State Capitol and downtown skyline.
| Feature | Details |
|---|---|
| Total Units | 148 residences |
| Price Range | High $500,000s to $11,000,000 |
| Architecture | Michael Graves design |
| Developer | Ardent Residential & Post Properties |
| Location | Lakefront setting |
Fifth & West, situated at 501 West 5th Street in the Market District, provides a modern lifestyle with features like:
- Yoga and fitness studios
- Pool
- Private dog park
- Full-service concierge
- Floor plans ranging from 1 to 3 bedrooms
Market Trends
Downtown Austin’s luxury condo market remains competitive, with strong demand reflected in recent data:
- Average sale price: $891,013
- Median price per square foot: $625
- Average days on market: 87
- Sales-to-list price ratio: 97%
For rentals, current monthly rates start at:
| Unit Type | Starting Monthly Rent |
|---|---|
| Studio | $1,800+ |
| 1 Bedroom | $1,900+ |
| 2 Bedroom | $2,700+ |
| 3 Bedroom | $4,000+ |
Parking fees are usually between $75 and $150 per vehicle each month.
Next Steps
Key Points
The 5 Fifty Five sets the standard for upscale downtown living in Austin. This 31-story tower, built in 2004, offers a prime location paired with sophisticated features:
| Category | Features |
|---|---|
| Location | Close to the Convention Center, Rainey Street, and Second Street District |
| Building Services | 24/7 concierge, on-site management, and a business center |
| Amenities | Heated pool, fitness center, and spa facilities |
| Price Range | Units available from $499,000 to $3,275,000 |
| HOA Benefits | Full-service coverage, including utilities |
West-facing units provide stunning downtown views, and residents enjoy special access to Hilton amenities. These features make The 5 Fifty Five a standout option for urban luxury living. Our team is here to help you explore all it has to offer.
Get Help
Taco Street Locating simplifies your search for luxury residences like The 5 Fifty Five. Here’s how we assist:
- Market Insights: We keep track of availability and provide detailed market analysis.
- Personalized Tours: Get tailored tours and side-by-side comparisons.
- Expert Advice: Learn about building policies and neighborhood highlights.
Interested in The 5 Fifty Five or other luxury options in downtown Austin? Taco Street Locating offers free apartment-hunting services, including research spreadsheets, guided tours, and application support. Let us help you find your ideal downtown Austin home.
