• Skip to main content
  • Skip to primary sidebar
  • Skip to footer

TOWERS

Austin city life since 2007.

  • News
    • Condo Projects
    • Neighborhoods
  • Listings
    • Austin Condo Guide
  • Newsletter
Search
You are here: Home / Market Analysis / The Monthly Cost of Luxury Living
Search suggestions: condos for sale • rainey street

The Monthly Cost of Luxury Living

towers staff September 15, 2007 Comment

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.

With this posting, we are publishing the condo fees of two new ultra-luxury projects, The W Hotel & Residences and the Four Seasons Residences, for the first time. Our previous analysis has noted that he prices in the new buildings that we have looked at are surprisingly constant — they have varied from $0.28 / SF / Month to $0.40 / month — an amazingly tight range. With these two new projects, this is no longer the case. According to our research, the condo or home owner association fees at both buildings are set at $0.61 per month — 50% higher than any other building we have reported on and 85% higher than middle-of-the-road projects like 360. While it should be no surprise that the Four Seasons and W are more expensive than the Hilton, it’s sets a new and unprecedented price for luxury condo living in Austin.

Almost universally, Austin condo fees are calculated on a dollar-per-square foot basis. The rate typically remains relatively constant on all units throughout each building. So, condo fees are not higher for more expensive units, or units with more bedrooms, or units on higher floors compared to less desirable units of the same size in the same building. The only thing that matters is the number of interior square feet. If anyone has numbers for other buildings, send them to us and we will add them to the list.

Here are the updated building-by-building statistics:

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
Average………………….$0.40

Related

Filed Under: Market Analysis

About towers staff

Real estate, architecture, and city planning. Email: austin@towers.net

301 West Avenue #1806
Austin, TX
Photo of 301  West Avenue #1806, Austin, TX 78701 (MLS # 2246992)
$1,695,000
34
  • Lot Size

  • Home Size
    1,490 sqft

  • Beds
    2 Beds

  • Baths
    2 Baths

Previous Post: « The Shrinking Downtown Austin Rental Market
Next Post: Condo Sales: How Firm are They? »

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  •  Schedule a showing

FEATURED Listings

2305 Coronado Street #E
Austin, TX
Photo of 2305  Coronado Street #E, Austin, TX 78702 (MLS # 7596312)
$550,000
18
  • Lot Size
    1,394 sqft

  • Home Size
    1,252 sqft

  • Beds
    1 Bed

  • Baths
    2 Baths

608 Brentwood Street #A
Austin, TX
Photo of 608  Brentwood Street #A, Austin, TX 78752 (MLS # 3202099)
$989,608
33
  • Lot Size
    4,356 sqft

  • Home Size
    1,959 sqft

  • Beds
    3 Beds

  • Baths
    3 Baths

44 EAST Avenue #2310
Austin, TX
Photo of 44  EAST Avenue #2310, Austin, TX 78701 (MLS # 9418770)
$1,425,000
40
  • Lot Size

  • Home Size
    1,260 sqft

  • Beds
    2 Beds

  • Baths
    2 Baths

View Virtual Tour
360 Nueces Street #2710
Austin, TX
Photo of 360  Nueces Street #2710, Austin, TX 78701 (MLS # 8186211)
$619,900
39
  • Lot Size

  • Home Size
    770 sqft

  • Beds
    1 Bed

  • Baths
    1 Bath

View Virtual Tour
70 Rainey Street #1403
Austin, TX
Photo of 70  Rainey Street #1403, Austin, TX 78701 (MLS # 2486918)
$580,000
25
  • Lot Size

  • Home Size
    663 sqft

  • Beds
    1 Bed

  • Baths
    1 Bath

austin condo report

Featured Buildings

  • 360 Condos
  • Austin City Lofts
  • The Independent
  • The Shore Condos
  • 70 Rainey

Footer

LEGAL NOTICE

TREC Information About Brokerage Services (pdf)

Texas Real Estate Commission Consumer Protection Notice


TOWERS realty

Austin Condos For Sale

Agents

Downtown Buildings

Luxury Towers

  • Four Seasons Residences
  • W Hotel & Residences
  • The Austonian
  • 5 Fifty Five at Hilton

Most Popular

  • The Shore
  • 360 Condos
  • Seaholm Condos
  • Spring Condos
  • Milago Condos

New Construction

  • The Independent
  • 70 Rainey
  • Austin Proper
  • Fifth & West

Loft Style

  • Austin City Lofts
  • Brazos Place
  • The Sabine
  • Plaza Lofts
  • Avenue Lofts
  • Brazos Lofts
  • Brown Building

Resources

  • Austin Condo Guide
  • Condos For Sale
  • Condo Buyer FAQ
  • Property Search

Featured

Archives

Newsletter · About · Contact Us · DMCA · Privacy Policy · SLAPP · Copyright © 2007-2022 TOWERS.net · All Rights Reserved