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ActiveMLS #3230506

505 W 7th ST # 113, Austin TX 78701

Austin, TX 78701 · Posada Del Rey Condo Amd

Condominium for sale in Posada Del Rey Condo Amd

1Bedrooms
1Bathrooms
656Square Ft
0.01Acres
1Garage
1964Year Built
Price Reduced
1 / 27
$299,000$324,999
3D tour

Overview

Property Description

ATTENTION: No HOA leasing permit required and 30-day rentals are allowed—offering rare flexibility for owners and investors! This is the downtown dream! Check out this Spanish hacienda-style boutique community in the heart of Austin’s energetic Market District. This beautifully remodeled 1-bed 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. 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!

Financial Info
Price
$299,000
$ / Sqft
$456
HOA
Yes - Mandatory / $568 / Monthly
HOA Name
Posada del Rey HOA
HOA Includes
Common Area Maintenance, Gas, Hot Water, Landscaping, Maintenance Grounds, Maintenance Structure, Parking, Pest Control, Sewer, Trash, Water
Tax Rate
2.23%
Est. Taxes
$7,247.45
Tax Year
2026
Exemptions
None
Legal Info
Address
505 W 7th ST # 113
County
Travis
City
Austin
State
TX
Zip
78701
Subdivision
Posada Del Rey Condo Amd
Legal Description
UNT 113 POSADA DEL REY CONDOMINIUMS AMENDED PLUS 1.41% INTEREST IN COMMON AREA
Parcel
02060104130023
Interior Features
Floor
Laminate, Tile
Num Living
1
Dining
1
Appliances
Dishwasher, Disposal, Gas Cooktop, Microwave, Oven, Free-Standing Range, Free-Standing Gas Range
Laundry
Common Area
Master Bed
Primary Bedroom on Main, Walk-In Closet(s)
Master Main
Yes
Fireplaces
1
Fireplace Description
Living Room, Wood Burning
Interior Features
Bookcases, Built-in Features, Chandelier, Stone Counters, Crown Molding, High Speed Internet, Open Floorplan, Primary Bedroom on Main, Recessed Lighting, Walk-In Closet(s), Building Security, Closed Circuit Camera(s), Key Card Entry, Secured Garage/Parking, Security Fence, Security Lights, Smoke Detector(s), Blinds, ENERGY STAR Qualified Windows, Insulated Windows, Screens, Triple Pane Windows
General Info
Beds
1 Total / 1 Main Level
Full / Half Baths
1 / 0
Prop Type
Residential
Property Type
Condominium
Stories
1
Year Built
1964 / Resale
Square Feet
656 / Appraiser
Garages
1
Garage Desc
Assigned, Electric Gate, Garage, Garage Door Opener, Oversized, Secured
Foundation
Slab
Roof
Composition, Mixed, Rubber, Spanish Tile
Construction
Stucco
Acres
0.01
Lot Description
Garden, Trees-Large (Over 40 Ft), Trees-Medium (20 Ft - 40 Ft), Views
Restrictions
City Restrictions, Covenant, Deed Restrictions
Flood Plain
No
View
City Lights, Downtown, Neighborhood, Pool, Trees/Woods
Water Access
No
Waterfront
No
Area
DT
Utility Info
Water
Public
Sewer
Public Sewer
Utilities
Electricity Available, Internet-Fiber, Natural Gas Connected, Sewer Connected, Water Connected
Heat
Central
A C
Central Air
Exterior Features
Fence
Security, Wrought Iron
Exterior Features
Uncovered Courtyard, Exterior Steps, Garden, Gas Grill, Lighting, Outdoor Grill, Private Entrance, Restricted Access, Porch
Pool On Property
Yes
Area Amenities
BBQ Pit/Grill, Bike Storage/Locker, Cluster Mailbox, Common Grounds, Controlled Access, Courtyard, Garage Parking, Gated, High Speed Internet, Laundry Facility(s), Maintenance On-Site, Pool, Tenant Access Cargo Elevator

Price history

Days on market
−$25,999 (−8%)
$324,999 → $299,000
1
Price reduction
Active
Since Sep 5, 2026
Price trend
List priceMay 2026 → Nov 2026
Property history6 events
DateEventPriceChange
Nov 5, 2026Price Decrease$299,000−$25,999 (−8%)
Sep 5, 2026Back On Market
Sep 4, 2026Hold
Sep 4, 2026Back On Market
Sep 1, 2026Expired
Aug 27, 2026Hold

Taxes

2026 Estimated Property Taxes

TCAD account 194204

Uses rates from the supplied 2026 TCAD package. The file does not identify adopted or proposed status.

2026 taxing entities, rates per $100, taxable values and estimated taxes
Taxing EntityRate per $100Taxable ValueEstimated Tax
AUSTIN COMM COLL DIST0.103400$265,079$274.09
AUSTIN ISD0.925200$265,079$2,452.51
CITY OF AUSTIN0.524017$265,079$1,389.06
TRAVIS COUNTY0.375845$265,079$996.29
TRAVIS COUNTY HEALTHCARE DISTRICT0.118023$265,079$312.85
Ordinary property tax estimate2.046485$5,424.80

Informational estimate, not a tax bill or taxes paid. Exemptions and tax ceilings can make taxes differ from the combined rate multiplied by one taxable value. PID assessments and other special charges are excluded; collector coverage has not been established.

Source: Travis County

General Information
Owner
WAGNER DAVID A & BONITA L
Legal
UNT 113 POSADA DEL REY CONDOMINIUMS AMENDED PLUS 1.41% INTEREST IN COMMON AREA
Geo ID
prop:194204
Acreage
0.01
Exemptions
Exemption Type
None on record
Tax Summary
MLS estimated annual taxes
$7,247.45
MLS tax year
2026
Historical Tax Summary

Annual taxes billed are the Tax Imposed amounts reported in the latest available Travis Tax Office statement. Exemptions and tax ceilings may prevent combined rate × taxable value from equaling the billed amount. Other collectors or assessments may not be included.

YearAppraised ValueCombined Rate per $100Annual Taxes Billed
2025$376,1402.046485$7,697.65
2024—1.981814$7,454.39
2023—1.809247$7,683.21
2022—1.974923$6,554.44
2021—2.176679$5,765.29
2020—2.226665$5,780.43

Source: Travis County

Combined rates exclude PID placeholder rates. Historical amounts reflect the statement’s snapshot and may change after later corrections; they do not describe payment status. Appraisal values come from the legacy CAD source.

Travis Central Appraisal District News

Source: Travis County

Schools

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

Maps

Financing

Your preferences

  • 20% down
  • Conv/Jumbo
  • 30 years
  • 6.50% rate

Saved on this device

List price $299,000
Down payment
Stays 20% if you change the price
Note rate, not APR
From this listing’s tax record
*Estimated only (1% of price / yr)

Estimated monthly payment

$2,365 / mo

20% down · 6.50% interest · 30-year fixed

Estimated monthly payment $2,365

Principal & interest
$1,512
Property taxes
$604
Homeowners insurance
$249

*PITI only

These figures are estimates for general information only — not a loan offer, a quote, or a guarantee of financing terms.

Principal, interest and balance for each year
YearStarting balancePrincipal paidInterest paidEnding balancePrincipal vs interest
1$239,200$2,674$15,469$236,526
2$236,526$2,853$15,290$233,674
3$233,674$3,044$15,099$230,630
4$230,630$3,248$14,895$227,382
5$227,382$3,465$14,678$223,917
6$223,917$3,697$14,446$220,220
7$220,220$3,945$14,198$216,276
8$216,276$4,209$13,934$212,067
9$212,067$4,491$13,652$207,576
10$207,576$4,792$13,351$202,784
  • Year 1$236,526
    Principal paid
    $2,674
    Interest paid
    $15,469
    Starting balance
    $239,200
  • Year 2$233,674
    Principal paid
    $2,853
    Interest paid
    $15,290
    Starting balance
    $236,526
  • Year 3$230,630
    Principal paid
    $3,044
    Interest paid
    $15,099
    Starting balance
    $233,674
  • Year 4$227,382
    Principal paid
    $3,248
    Interest paid
    $14,895
    Starting balance
    $230,630
  • Year 5$223,917
    Principal paid
    $3,465
    Interest paid
    $14,678
    Starting balance
    $227,382
  • Year 6$220,220
    Principal paid
    $3,697
    Interest paid
    $14,446
    Starting balance
    $223,917
  • Year 7$216,276
    Principal paid
    $3,945
    Interest paid
    $14,198
    Starting balance
    $220,220
  • Year 8$212,067
    Principal paid
    $4,209
    Interest paid
    $13,934
    Starting balance
    $216,276
  • Year 9$207,576
    Principal paid
    $4,491
    Interest paid
    $13,652
    Starting balance
    $212,067
  • Year 10$202,784
    Principal paid
    $4,792
    Interest paid
    $13,351
    Starting balance
    $207,576
First 10 of 30 years

Nearby

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Listings courtesy of ACTRIS as distributed by MLS GRID.