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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
Back on Market
1 / 27
$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
$324,999
$ / Sqft
$495
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

Members only
Days on market
$324,999
List price
0
Price reductions
Active
Since May 22, 2026
Property history5 events
DateEventPriceChange
Sep 5, 2026Back On Market
Sep 4, 2026Hold
Sep 4, 2026Back On Market
Sep 1, 2026Expired
Aug 27, 2026Hold

Taxes

Tax data isn’t available for this property’s county yet.

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 $324,999
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

$2,518 / mo

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

Estimated monthly payment $2,518

Principal & interest
$1,643
Property taxes
$604
Homeowners insurance
$271

*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$259,999$2,906$16,814$257,093
2$257,093$3,101$16,620$253,992
3$253,992$3,308$16,412$250,684
4$250,684$3,530$16,191$247,154
5$247,154$3,766$15,954$243,388
6$243,388$4,019$15,702$239,369
7$239,369$4,288$15,433$235,082
8$235,082$4,575$15,146$230,507
9$230,507$4,881$14,839$225,625
10$225,625$5,208$14,512$220,417
  • Year 1$257,093
    Principal paid
    $2,906
    Interest paid
    $16,814
    Starting balance
    $259,999
  • Year 2$253,992
    Principal paid
    $3,101
    Interest paid
    $16,620
    Starting balance
    $257,093
  • Year 3$250,684
    Principal paid
    $3,308
    Interest paid
    $16,412
    Starting balance
    $253,992
  • Year 4$247,154
    Principal paid
    $3,530
    Interest paid
    $16,191
    Starting balance
    $250,684
  • Year 5$243,388
    Principal paid
    $3,766
    Interest paid
    $15,954
    Starting balance
    $247,154
  • Year 6$239,369
    Principal paid
    $4,019
    Interest paid
    $15,702
    Starting balance
    $243,388
  • Year 7$235,082
    Principal paid
    $4,288
    Interest paid
    $15,433
    Starting balance
    $239,369
  • Year 8$230,507
    Principal paid
    $4,575
    Interest paid
    $15,146
    Starting balance
    $235,082
  • Year 9$225,625
    Principal paid
    $4,881
    Interest paid
    $14,839
    Starting balance
    $230,507
  • Year 10$220,417
    Principal paid
    $5,208
    Interest paid
    $14,512
    Starting balance
    $225,625
First 10 of 30 years

Nearby

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Listings courtesy of ACTRIS as distributed by MLS GRID.