120 W 5th St · 78701
Summit is a condominium and townhome community in Downtown, Austin, at 120 W 5th St (ZIP 78701). Bounded by Lady Bird Lake to the south and the Capitol to the north, between I-35 and Lamar.
It sits in the same Downtown market as scored high-rises such as Waterline, The Modern Austin Residences, Austonian, among the 33 condo and townhome communities mapped in the area. Pricing and availability here change often — request the latest below.
This page brings together current pricing and availability for Summit, an overview of the Downtown neighborhood, the condo communities and scored high-rise towers nearby, and answers to common questions about buying here.
Summit sits in Downtown — austin's high-rise core on Lady Bird Lake. The area holds 33 condo and townhome communities in our directory, along with scored towers like Waterline, The Modern Austin Residences, Austonian.
Short-term rentals are restricted in most Austin condos, so confirm Summit’s HOA policy before counting on rental income. As an area benchmark, filed STR revenue in 78701 runs $25k+ per unit per year — InnKing area data, area-level and not specific to Summit, as of 2026-06.
Seasonal demand in Downtown (mean month = 100)
Summit is in the Downtown area of Austin, at 120 W 5th St (ZIP 78701). Bounded by Lady Bird Lake to the south and the Capitol to the north, between I-35 and Lamar.
Summit is a condominium and townhome community. For exact unit types, square footage, HOA dues, and current availability, request details below — we keep pricing and inventory up to date.
Downtown is known for Rainey Street and the 2nd Street District, Lady Bird Lake trail and waterfront, Most of Austin's luxury high-rise towers, and more. Austin's high-rise core on Lady Bird Lake.
Most condo communities in Austin restrict or prohibit short-term rentals under city regulations and HOA rules; hotel-zoned buildings such as Natiivo downtown are the main exception. Confirm Summit's specific short-term-rental policy before purchasing.
Scored high-rise towers nearby include Waterline, The Modern Austin Residences, Austonian. Other communities in Downtown include 12th St. Flats, 12th Street Place, 706 West, 1306 West.
Austin Standard sets and updates pricing directly. Request details and we'll send current availability and recent comparable sales for Summit.
Get current pricing, recent comparable sales, and availability at Summit.