505 W 7th ST # 115, Austin TX 78701

Austin, TX 78701 | Posada Del Rey Condo

$285,000 $463/sqft ▼ $30,000 (9.5%)
1 Beds
1 Baths 1 Full
615 Sq Ft
0.0087 Acres
1964 Built
1 Garage

About This Property

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Experience the best of downtown Austin living in this beautifully maintained one-story corner condominium, ideally located in the heart of the city. Offering exceptional walkability to Austin’s premier dining, entertainment, shopping, and cultural destinations, this residence combines urban convenience with a welcoming community atmosphere. This rare corner unit enjoys natural light from three sides and features only one shared wall, creating a bright, private, and comfortable living environment.

Inside, you'll find an open-concept layout with timeless finishes, including granite countertops throughout, durable tile flooring, and tile baseboards that make maintenance effortless. The spacious bedroom, inviting living area, and well-appointed kitchen provide a functional and stylish space for everyday living. Residents enjoy secure key-fob access, gated entry, and reserved underground parking for added peace of mind. The intimate community offers a true neighborhood feel with a beautifully landscaped courtyard, resort-style pool, and outdoor grilling areas perfect for relaxing or entertaining. Additional conveniences include on-site laundry facilities and newly installed energy-efficient windows that enhance comfort and efficiency.

Whether you're seeking a full-time residence, lock-and-leave lifestyle, or downtown retreat, this move-in-ready condo delivers privacy, security, and unbeatable access to everything Austin has to offer. A rare find in Austin, this community allows rentals with a minimum 30-day lease term, offering added flexibility for owners seeking a furnished or mid-term rental opportunity.

Property Highlights

View City, Downtown, Garden

Features

  • Ceiling Fan(s)
  • Natural Woodwork
  • No Interior Steps
  • Open Floorplan
  • Primary Bedroom on Main
  • Walk-In Closet(s)

Location

Schools

School District Austin ISD
Elementary Mathews
Middle School O Henry
High School Austin

Property Details

Property Type Residential
Construction Stucco
Roof Concrete
Foundation Slab
Levels One
Flooring Tile
Cooling Central Air, Electric
Heating Central, Electric
Exterior Barbecue, Uncovered Courtyard, Exterior Steps, Garden, Gas Grill, Outdoor Grill, Private Entrance, Restricted Access
County Travis
MLS # 5384911
Garage 1 spaces
Parking 1 spaces: Assigned, Garage, Garage Door Opener, Reserved
Windows Blinds, Drapes, Double Pane Windows, ENERGY STAR Qualified Windows, Screens
Security Carbon Monoxide Detector(s), Fire Alarm, Key Card Entry, Secured Garage/Parking, Security Fence, Security Lights, Smoke Detector(s)

Lot, Outdoor & Utilities

Lot Features City Lot, Corner Lot, Native Plants, Trees-Moderate
Patio & Porch Covered, Front Porch, Rear Porch
Fencing Security, Wrought Iron
Water Public
Sewer Public Sewer
Utilities Electricity Available

HOA & Community

HOA Fee $571 /Monthly
HOA Name Posada Del Rey HOA
HOA Includes Common Area Maintenance
Community Features BBQ Pit/Grill, Bike Storage/Locker, Common Grounds, Controlled Access, Curbs, Garage Parking, Gated, Pool, Sidewalks

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* Estimate only. Does not include HOA fees, PMI, or other costs.
This property has HOA fees of $571/monthly.

Tax Information

Annual Taxes (MLS) $6,064 (2026)
Assessed Value $356,104
Exemptions None

Sale Terms & Disclosures

Financing Accepted Cash, Conventional
Sale Type Standard
Possession Close Plus 30 Days
Disclosures Seller Disclosure

Listing History

MLS# 5384911 - Updated Oct 23, 2026 63 days
Sep 23, 2026 Price Change $285,000
Jun 18, 2026 Listed Listing Courtesy of Keller Williams Realty - listings@​cainrealtygroup.com $315,000

Frequently Asked Questions About 505 W 7th ST # 115, Austin TX 78701

When was 505 W 7th ST # 115, Austin TX 78701 built?

505 W 7th ST # 115, Austin TX 78701 was built in 1964. It is stucco construction with 615 square feet on a 0.0087 acre lot.

How much does 505 W 7th ST # 115, Austin TX 78701 cost?

505 W 7th ST # 115, Austin TX 78701 is listed for sale at $285,000. That is $463 per square foot.

How many bedrooms and bathrooms does 505 W 7th ST # 115, Austin TX 78701 have?

505 W 7th ST # 115, Austin TX 78701 has 1 bedrooms and 1 bathrooms (1 full) with 615 square feet of living space.

What school district is 505 W 7th ST # 115, Austin TX 78701 in?

505 W 7th ST # 115, Austin TX 78701 is in the Austin ISD school district. Assigned schools include Mathews (elementary), O Henry (middle), Austin (high school).

Does 505 W 7th ST # 115, Austin TX 78701 have an HOA?

Yes, 505 W 7th ST # 115, Austin TX 78701 has an HOA fee of $571 per monthly. The HOA includes common area maintenance.

What are the property taxes on 505 W 7th ST # 115, Austin TX 78701?

The annual property taxes on 505 W 7th ST # 115, Austin TX 78701 are $6,064 (as of 2026). The tax assessed value is $356,104.

How big is the lot at 505 W 7th ST # 115, Austin TX 78701?

The lot at 505 W 7th ST # 115, Austin TX 78701 is 0.0087 acres, and the home has 615 square feet of living space.

What type of property is 505 W 7th ST # 115, Austin TX 78701?

505 W 7th ST # 115, Austin TX 78701 is a residential property on a slab foundation.

Does 505 W 7th ST # 115, Austin TX 78701 have a garage?

Yes, 505 W 7th ST # 115, Austin TX 78701 has a 1-car garage. Parking features include assigned, garage, garage door opener, reserved.

What subdivision is 505 W 7th ST # 115, Austin TX 78701 in?

505 W 7th ST # 115, Austin TX 78701 is located in the Posada Del Rey Condo subdivision in Austin, TX. Community features include bbq pit/grill, bike storage/locker, common grounds, controlled access, curbs, garage parking, gated, pool, sidewalks.

How long was 505 W 7th ST # 115, Austin TX 78701 on the market?

505 W 7th ST # 115, Austin TX 78701 was on the market for 63 days, listed on June 18, 2026.

What heating and cooling does 505 W 7th ST # 115, Austin TX 78701 have?

505 W 7th ST # 115, Austin TX 78701 has central, electric heating and central air, electric cooling.

What are the roof and foundation at 505 W 7th ST # 115, Austin TX 78701?

The listing reports a concrete roof and a slab foundation at 505 W 7th ST # 115, Austin TX 78701.

What financing does the seller of 505 W 7th ST # 115, Austin TX 78701 accept?

The listing says the seller accepts cash, conventional financing.

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