Austin - Central Homes under $500,000

Austin - Central Homes under $500,000

Welcome to Central Austin, a vibrant and eclectic hub that perfectly captures the essence of Texas charm and modern living. Nestled in Travis County, this dynamic area is renowned for its rich cultural scene, lush green spaces, and a strong sense of community. Whether you’re a first-time homebuyer, a young professional, or looking to invest, Central Austin offers a plethora of homes under $500,000, making it an ideal choice for those seeking affordability without sacrificing quality of life.

Austin is often celebrated for its live music, with the iconic South by Southwest (SXSW) festival and countless venues showcasing local talent year-round. But beyond the music scene, Central Austin boasts an impressive array of restaurants, shops, and outdoor activities. Enjoy a leisurely stroll through Zilker Park, take a dip in Barton Springs Pool, or explore the vibrant murals that adorn the streets. The city’s commitment to preserving its natural beauty is evident, with numerous hiking and biking trails that beckon outdoor enthusiasts.

When it comes to housing, the options are as diverse as the community itself. From charming bungalows to contemporary condos, there’s something for everyone under the $500,000 price point. These homes not only provide a comfortable living space but also place you in the heart of a city that thrives on creativity and innovation.

With a friendly atmosphere, excellent schools, and a thriving job market, Central Austin is not just a place to live; it’s a lifestyle. Discover your dream home in this captivating region, where the spirit of Texas meets urban sophistication!

Newest Austin - Central Homes under $500,000

605 Wilmes Dr Unit 1, Austin
$500,000
3 Beds ⋅ 2 Baths ⋅ 1492715 MLS ⋅ 78752 Zip Code
Looking for Central Austin Location for Homestead, or Investment this is it! Move-in-Ready or Ready to build an ADU. Currently a successful short-term rental. Seller has done all the hard work by splitting the lot into 2 condo plots with Travis County. Beautifully updated and finished out with expanded kitchen with quart counters and new cabinetry. Modern updates and Move-in-Ready. Fully remodeled baths, dual-pane windows, easy to clean flooring, updated interior and exterior doors, lighting, tankless hot water heater, standing seam metal roof. AC is 6/24 in a highly sought after area and on a street with no pass through. Must see to appreciate.

605 Wilmes Dr Unit 1, Austin
6804 N Capitol Of Texas Highway Unit 514, Austin
$170,000
1 Beds ⋅ 1 Baths ⋅ 1817934 MLS ⋅ 78731 Zip Code
Discover the charm of Northwest Austin living at Pointe 360 Condominiums, a peaceful community surrounded by mature trees and beautiful natural scenery. This inviting 1-bedroom, 1-bath condo offers 775 sq. ft. of comfortable living space featuring fresh interior paint, laminate flooring, beautiful cherry cabinetry, and a striking stone fireplace that adds warmth and character. The spacious walk-in closet provides ample storage, while the attached garage includes convenient washer and dryer hookups. Step outside onto your private balcony overlooking the trees, creating a relaxing retreat. Residents enjoy wonderful community amenities, including a swimming pool, fitness center, clubhouse, dog park, and hiking trail. Conveniently located near The Domain, Lake Austin, downtown Austin, shopping, dining, and major employers. Enjoy the perfect blend of natural beauty, comfort, and convenience in one of Northwest Austin’s established condominium communities.

6804 N Capitol Of Texas Highway Unit 514, Austin
2815 Rio Grande St Unit 113, Austin
$199,900
1 Beds ⋅ 1 Baths ⋅ 3416425 MLS ⋅ 78705 Zip Code
Steps from UT Austin, with a private outdoor retreat of your own. This first-floor, 1-bedroom, 1-bath West Campus condo pairs a walkable location with a thoughtfully designed layout, offering a compelling opportunity for buyers seeking a personal residence, future university housing, or an investment property close to campus. Natural light fills the open living area, complemented by tile flooring throughout, recessed lighting, and ceiling fans. Granite countertops, ample cabinetry, and a breakfast bar connect the kitchen to the living space, making everyday living and entertaining effortless. The bedroom opens directly to a private fenced patio, the perfect spot for morning coffee or unwinding after a busy day. An oversized bathroom vanity provides generous counter space and storage, while the convenience of first-floor living makes coming and going a breeze. With UT, The Drag, coffee shops, restaurants, and shopping just moments away, this location puts the best of West Campus within easy reach. For investors, proximity to the university offers a compelling draw for prospective tenants seeking convenient access to campus. For out-of-state families planning ahead, purchasing a Texas property may also present an opportunity to establish residency and potentially qualify for in-state tuition at UT Austin, subject to applicable residency requirements. Whether you're buying for today, preparing for a student's future, or building your investment portfolio, this condo delivers location, livability, and long-term potential in the heart of Austin.

2815 Rio Grande St Unit 113, Austin
70 Rainey St Unit 1805, Austin
$500,000
1 Beds ⋅ 1 Baths ⋅ 4375932 MLS ⋅ 78701 Zip Code
Located in the sought-after 70 Rainey luxury condominium tower in downtown Austin, this stylish one-bedroom, one-bath residence combines modern finishes with thoughtful design. The kitchen features quartz countertops, custom Watermark fixtures in antique brass, and premium Miele appliances, including a speed oven and an under-counter wine storage unit. A private balcony with a view of Lady Bird Lake extends the living space outdoors, while motorized shades and whole-home Sonos sound add convenience and comfort throughout. The bedroom offers a comfortable retreat, complemented by a spacious walk-in closet with custom storage. The bathroom features a custom charcoal-painted wood vanity, dual sinks, and marble finishes carried through the vanity, shower bench, and tile. In-unit laundry and a reserved parking space in the secured garage add everyday convenience. With approximately $17,000 in upgrades at the time of purchase, the residence pairs carefully selected finishes with features designed for modern living. Residents of 70 Rainey enjoy an exceptional collection of amenities, including a rooftop pool and spa, inviting indoor and outdoor common areas, a fitness center, and a dedicated dog play area. Located in Austin’s Rainey Street District, the building offers access to downtown dining, entertainment, and outdoor recreation along Lady Bird Lake and the Ann and Roy Butler Hike-and-Bike Trail. With its custom finishes, premium appliances, private balcony, and resort-style amenities, Residence 1805 offers an opportunity to own a thoughtfully appointed condominium in downtown Austin. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.

70 Rainey St Unit 1805, Austin
2401 E 6th St Unit 1007, Austin
$374,000
1 Beds ⋅ 2 Baths ⋅ 5013979 MLS ⋅ 78702 Zip Code
East Austin living with a little room to breathe! Perfectly positioned on a quieter stretch of East 6th Street, this industrial-inspired condo offers the best of both worlds: easy access to the restaurants, nightlife, and neighborhood favorites that make East Austin so special, with a welcome retreat from the bustle. Spend an evening at The White Horse, grab dinner at Ramen Tatsu-Ya, meet friends at Mama Dearest, or pick up groceries at Whole Foods, all within easy reach. Inside, soaring exposed ceilings, polished concrete floors, and oversized windows create an airy, light-filled space with unmistakable character. The open living and dining area flows onto a spacious covered balcony overlooking the tree-lined street, perfect for morning coffee, evening cocktails, or simply watching the neighborhood go by. The versatile floor plan offers one bedroom, an additional flex space ideal for a home office or creative studio, and two full bathrooms. The kitchen features a breakfast bar, generous counter space, and warm wood cabinetry, while a full-size stacked washer and dryer and one reserved parking space add everyday convenience. Beyond the front door, the community offers a beautifully landscaped courtyard dotted with palm trees, outdoor seating, grilling areas, and a pavilion, creating a relaxed gathering space right at home. Additional conveniences include Amazon package lockers and EV charging spaces. Just minutes from downtown Austin, this home offers an ideal balance of neighborhood energy, urban convenience, and laid-back living. Close to everything, without being in the middle of it all!

2401 E 6th St Unit 1007, Austin
2220 Webberville Rd Unit 310, Austin
$310,000
1 Beds ⋅ 1 Baths ⋅ 8659345 MLS ⋅ 78702 Zip Code
The Axiom Condos are a stylish and conveniently located just east of downtown in Austin's vibrant East Side. Easy & convenient Lifestyle within walking distance to popular spots like the east 6th street area, Kitty Cohn's, Latch Key, and the vibrant E 6th bars, coffee shops, museums, restaurants and food trucks, and plenty of activity at Rosewood Park and Recreation Center. This unit is offered, with all the appliances (refrigerator, washer/dryer) - ready for move in NOW This is one of the few units with its own balcony. One reserved garage space is included Amenities include secured access, Gated parking garage, resident only rooftop deck lounge area with a Serving area, bar and TV, to enjoy the phenomenal downtown views, the spacious additional outdoor patio lounge area, perfect for soaking up the Austin sun. HOA includes common area maintenance, trash/recycling, cable, & internet for the amenity area.

2220 Webberville Rd Unit 310, Austin
2002 E 7th St Unit 217, Austin
$424,900
2 Beds ⋅ 2 Baths ⋅ 4862585 MLS ⋅ 78702 Zip Code
Enjoy the urban lifestyle in this upscale, 2 bedroom condo located in the heart of East Austin. Modern finishes throughout include wood flooring, quartz counters, & stainless steel appliances. The thoughtfully designed floor plan makes great use of space and brings in tons of natural light. Relaxing in the park like community courtyard with fire pits, grills, and downtown views. The fully gated community includes garage parking, bike storage, Amazon locker, dog washing station, and a dog run. Walk to Kitty Cohen’s, The Cavalier, Desnudo Coffee, Veracruz, & many other great spots!

2002 E 7th St Unit 217, Austin
1154 Alamo St, Austin
$265,000
3 Beds ⋅ 1 Baths ⋅ 1358583 MLS ⋅ 78702 Zip Code
This 3 bedroom, 1 bathroom home is located within a few miles to downtown Austin and is zoned CS-MU-CO-NP by the City of Austin (buyer to verify permitted uses). It is on a corner lot of an alleyway with 3 entrances and is ready for its new owner!

1154 Alamo St, Austin
5326 Balcones Dr Unit D, Austin
$250,000
2 Beds ⋅ 2 Baths ⋅ 5454697 MLS ⋅ 78731 Zip Code
Privacy, Views, and Nature. A Condo That Feels Like a Home Experience a rare architectural find in Highland Park West. This spacious 2-bedroom, 2-bathroom residence offers the privacy and character of a single-family home with the convenience of condo living. As a top-floor unit with no neighbors above, you’ll enjoy a quiet, serene sanctuary bathed in natural light from large windows on three sides. Recently repainted with attractive light-plank flooring that complements the abundance of natural light. Vintage charm: Meticulously maintained original tile and fixtures in both bathrooms offer an appealing, timeless aesthetic. Perched in arguably the best spot in the community, overlooking a massive, lap-ready swimming pool. Two reserved parking spaces plus ample guest parking. The HOA is exceptionally well-run, and dues conveniently include your hot water and gas. Leave the car at home. You are steps away from a Randall’s grocery store, local coffee shops, and several of the area's top-rated restaurants. Don't settle for "cookie-cutter" construction. This is an exceptional property designed for those who appreciate character, light, and a connection to nature.

5326 Balcones Dr Unit D, Austin
2209 Hancock Dr Unit 8, Austin
$355,000
2 Beds ⋅ 2 Baths ⋅ 5145700 MLS ⋅ 78756 Zip Code
Beautiful 2-bedroom, 2-full-bath top-floor, corner-unit condo in a gated community just minutes from Downtown Austin, UT, The Triangle, and Seton Hospital! This light-filled retreat features an open floor plan, soaring ceilings, gleaming hardwood floors, and a spacious wraparound balcony perfect for relaxing or entertaining. The kitchen boasts rich wood cabinetry and granite countertops, while generous walk-in closets offer ample storage. Refrigerator, washer, dryer, and covered carport parking included! Enjoy community amenities including a fitness center and beautifully maintained grounds. A fantastic opportunity for convenient Austin living in a prime central location!

2209 Hancock Dr Unit 8, Austin
6324 N Lamar Blvd Unit 321, Austin
$215,000
1 Beds ⋅ 1 Baths ⋅ 7695248 MLS ⋅ 78752 Zip Code
4.25% interest Rate to Primary Owners... Dont see the exact layout you want? Ellis Highline offers additional floor plans and pricing options in the building. Call to learn more about availability and current incentives. Welcome to Ellis Highline, a warm and inviting 1 bed, 1 bath condo with 713 sq ft. This home is designed for ease, comfort, and connection, a place where daily life feels balanced and relaxed. The open kitchen flows naturally into the living space and features a farmhouse sink, stainless steel appliance package, quartz countertops, and a soft tile backsplash. Luxury vinyl plank flooring runs through the main living areas, creating a clean, comfortable feel that is easy to live with. Walk-in closets with custom wood shelving keep everything organized and within reach. Operable windows bring in natural light and fresh air, making the space feel open and calm. The condo includes a full-size front-load washer and dryer, Smartcode electronic locks, and energy-efficient lighting to support simple, low-stress living. Ellis Highline offers thoughtful community amenities that support everyday routines. Pet-friendly policies, a dog spa and dog run, gated and covered parking, onsite storage, bike racks, elevator access, and trash and recycling chutes on every floor. First-floor retail adds convenience without leaving home. Located in the Crestview neighborhood, Ellis Highline puts you close to what matters. Walk to Brentwood and Highland MetroRail stations. Downtown Austin is just four stops away. Enjoy nearby favorites like Styles Switch BBQ, Easy Tiger, Black Star Co-op, Hopdoddy Burger Bar, Taco Flats, Home Slice Pizza, Kome Sushi Kitchen, Uchiko, Mandolas Italian Kitchen, and Foreign & Domestic. HEB and local grocers are five minutes away, with the Mueller District only 4.5 miles from your door. This is comfortable, low-maintenance living in a neighborhood people love to call home.

6324 N Lamar Blvd Unit 321, Austin
2520 Quarry Rd Unit 304, Austin
$385,000
2 Beds ⋅ 2 Baths ⋅ 4143785 MLS ⋅ 78703 Zip Code
Discover the charm of Central Austin living at this beautifully updated corner-unit condo at 2520 Quarry Road, Unit 304. This inviting single-level residence blends contemporary style with an airy, light-filled atmosphere, creating a welcoming retreat in the sought-after Tarrytown area. Step inside to a spacious living room where warm wood flooring and soaring vaulted ceilings create an open, elevated feel. Natural light pours through the windows, enhancing the sense of space and highlighting the condo’s distinctive corner-unit setting. The updated kitchen brings both style and functionality, featuring attractive tile, modern updates, and open shelving that adds a touch of character while keeping everyday essentials within reach. Two comfortable bedrooms and two full bathrooms offer a thoughtful layout, while the updated bathrooms showcase refreshed vanities and stylish tile for a clean, contemporary finish. Whether enjoying a quiet morning at home or hosting friends for an evening in, this condo offers an inviting balance of comfort and modern design. Beyond your front door, enjoy the best of Austin’s central lifestyle. Grab coffee at Mozart’s Coffee Roasters, savor lakeside dining at Hula Hut, or explore local favorites along Lake Austin Boulevard. Outdoor recreation awaits at Lady Bird Lake and the Butler Hike-and-Bike Trail, while Deep Eddy Pool offers a beloved Austin spot to cool off. Nearby H-E-B makes everyday shopping convenient, and downtown Austin’s restaurants, live music, cultural attractions, and nightlife are just a short trip away. With its vaulted ceilings, abundant natural light, stylish updates, and exceptional access to Austin dining, recreation, and entertainment, this corner-unit condo offers a wonderful opportunity to enjoy a distinctly Austin lifestyle.

2520 Quarry Rd Unit 304, Austin
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