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$324,999
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Property Description
Live the downtown dream in this Spanish hacienda-style boutique community in the heart of Austin's energetic Market District. This beautifully remodeled 1-bedroom condo at Posada Del Rey blends warm character with unbeatable walkability-just steps from Lady Bird Lake, Whole Foods, Trader Joe's, acclaimed restaurants, coffee shops, nightlife, live music, festivals, parks, fitness studios, shopping and more! Interior highlights include an open living and dining layout with a cozy tiled fireplace, hardwood floors throughout, an updated tiled shower and a spacious bedroom with TWO closets, including a rare oversized walk-in. The unique dual-entry floor plan provides private bedroom access in addition to the main entrance overlooking the beautifully landscaped courtyard. Community amenities include a sparkling pool, outdoor grilling areas, fob-controlled entry, bike storage and a reserved garage parking space conveniently located near the elevator. BONUS-the HOA permits 30-day rentals, offering added flexibility for owners and investors. Enjoy easy access to Lamar, Mopac, I-35, 290, 183 and 71, with UT, the Medical District and The Domain just minutes away. Surrounded by Austin's sleek modern towers, Posada Del Rey stands apart with authentic neighborhood charm and a wonderfully friendly community. Come see it!
Full Property Details
Full Property Details for 505 W 7th St #113
General
- Price: $324,999
- HOA FEE: $568/month
- Taxes: $6,359 (2026)
- Status: Active
- Type: Condo
- Source: Austin_MLS
- MLS ID: 3230506
- Updated: 9/5/2026
- Added to Site: 107 day(s) ago
Interior
- Interior Features: Bookcases, Built-in Features, Chandelier, Crown Molding, Main Level Primary, Multiple Closets, Open Floorplan, Stone Counters, Recessed Lighting, Walk-In Closet(s), High Speed Internet
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Living Room, Wood Burning
- Appliances: Dishwasher, Free-Standing Gas Range, Free-Standing Range, Gas Cooktop, Disposal, Microwave, Oven
- Flooring: Laminate, Tile
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 1
- Bedrooms Main: 1
Other Rooms
- Laundry: Common Area
Additional Information
- Shared Amenities: Barbecue, Bicycle Storage, Common Grounds/Area, Community Mailbox, Courtyard, Gated, Internet Access, Laundry Facilities, Maintenance On-Site, Pool, Trails/Paths
- Shared Pool: Yes
- Pool: Yes
- Private Pool: Yes
- Pool Description: In Ground, Community
- Spa Description: None
- Security/Safety: Building Security, Closed Circuit Camera(s), Secured Garage/Parking, Key Card Entry, Smoke Detector(s), Security Fence, Security Lights, Controlled Access
Exterior
- Exterior Features: Exterior Steps, Garden, Gas Grill, Lighting, Outdoor Grill, Private Entrance, Uncovered Courtyard
- Porch/Patio/Deck: Porch
Parking
- Garage: Yes
- Garage Spaces: 1
- Covered Spaces: 1
- Total Spaces: 1
- Parking Features: Assigned, Electric Gate, Garage, Garage Door Opener, Oversized, Secured, Guest
Location
- Area: DT
- County: Travis
- Subdivision: Posada Del Rey Condo Amd
- Driving Directions: Traveling east on W. 5th ST from Mopac, left on Nueces and right on W. 7th ST. See condo on your immediate right and find convenient street meter parking.
- Direction Faces: South
School Information
- Elem School District: Austin ISD
- Midd School District: Austin ISD
- High School District: Austin ISD
- Elementary School: Mathews
- Middle School: O Henry
- High School: Austin
Community
- Gated community: Yes
- Association: Yes
- Assoc. Name: Posada del Rey HOA
- Assoc. Fees Include: Common Area Maintenance, Gas, Hot Water, Maintenance Grounds, Maintenance Structure, Parking, Pest Control, Sewer, Trash, Water
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Fiber Optic Available, Natural Gas Connected, Sewer Connected, Water Connected
Structural Information
- Detached/Attached: Detached
- Construction: Stucco
- Roof: Composition, Mixed, Rubber, Spanish Tile
- Windows: Blinds, ENERGY STAR Qualified Windows, Insulated Windows, Screens, Triple Pane Windows
- Stories/Levels: 1
- Square Feet: 656
- Sq. Ft. Source: Appraiser
- Living Area: 656 Sq. Ft.
- Year Built: 1964
- Year Built Source: Public Records
- Property Condition: Resale
Additional Structures
- Other Structures: None
Lot Features
- Property View: City Lights, City, Neighborhood, Pool, Trees/Woods
- Lot Size (Acres): 0.009
- Lot Size (Sq. Ft.): 392.04
- Fence: Yes
- Lot Features: Garden, Trees Large Size, Trees Medium Size, Views
- Fencing (Description): Security, Wrought Iron
Green Features
- Energy Efficient: Windows
Financial Considerations
- Association Fee: $568
- Assoc Fee Freq.: Monthly
- Assessment Amount: $376,140
- Tax Amount: $6,359.68
- Tax Year: 2026
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: UNT 113 POSADA DEL REY CONDOMINIUMS AMENDED PLUS 1.41% INTEREST IN COMMON AREA
- Disclosures/Reports: Seller Disclosure, Restricted Property Access
- Property ID: 2060104130023
- Lot Number: 113
Listed by Urbanspace
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Price & Sales History for 505 W 7th St #113
Date
Details
Price
Change
Source
5/21/2026
Listed
$324,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 505 W 7th St #113
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,698
3%
$376,140
—
2024
$7,454
14%
$376,140
100%
2022
$6,554
14%
-100%
2021
$5,765
—
$264,866
2%
2020
$5,780
4%
$259,600
-2%
2020
$5,568
-3%
$265,400
1%
2018
$5,755
2%
$262,000
3%
2017
$5,646
-6%
$255,000
15%
2017
$6,017
26%
$221,341
7%
2015
$4,761
16%
$207,355
-1%
2013
$4,113
—
$208,967
25%
2013
$4,113
—
$166,978
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 505 W 7th St #113
505 W 7th Street #113, Austin, TX 78701 (MLS# 3230506) is a Condo property with 1 bedroom and 1 full bathroom. 505 W 7th Street #113 is currently listed for $324,999 and was received on May 21, 2026. Want to learn more about 505 W 7th Street #113? Do you have questions about finding other Condo real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.

