The Austonian is going to be nice. At 56-stories, it will be the tallest building in Austin. In fact, it would be the tallest residential building in San Francisco. It has a beautiful pool and a dog park with a special doggie toilet.
These luxury features, however, are not free. Units in the Austonian start at $500K and top out at more than $7 million — more than the selling price of almost any apartment or single family home in the history of Austin. On top of this, residents will pay the highest condo fees of any project in the city — an amazing $0.64 per square foot per month which equates to almost $1,300 per month for a 2,000 square foot unit.
Condo fees fund the daily operations and maintenance of most condo buildings. They cover security, landscaping, cleaning of common area, common area energy use, maintenance, and other key building functions. Prior to the introduction of the W and Four Seasons Residences, the highest condo fees in Austin were $0.40 per square foot and the average was a low $0.34. At $0.64, the fees at the Austonian are the highest in the city. According the sources, the $0.64 fee is actually a reduction from the $0.67 per square foot which was originally offered to buyers.
Here is our updated list of condo fees by project:
Fee by Building – – – – – $ / SF / Month
Avenue Lofts……………..$0.28
Milago…………………..$0.31
The Sabine……………….$0.33
360……………………..$0.33
Plaza Lofts………………$0.33
The Shore………………..$0.36
Five Fifty Five Condos…….$0.40
W Hotel & Residences………$0.61
Four Seasons Residences……$0.61
Austonian…. . . . . . . . .$0.64
Average………………….$0.42
