Mr. Home Search
505 W 7th St 115 5384911Edit search
ActiveMLS #5384911

505 W 7th ST # 115, Austin TX 78701

Austin, TX 78701 · Posada Del Rey Condo Amd

Condominium for sale in Posada Del Rey Condo Amd

1Bedrooms
1Bathrooms
615Square Ft
0.01Acres
1Garage
1964Year Built
Price Reduced
1 / 29
$300,000$315,000
3D tour

Overview

Property Description

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.

Financial Info
Price
$300,000
$ / Sqft
$488
HOA
Yes - Mandatory / $571 / Monthly
HOA Name
Posada Del Rey HOA
HOA Includes
Common Area Maintenance
Tax Rate
2.0465%
Est. Taxes
$6,064
Tax Year
2026
Exemptions
None
Legal Info
Address
505 W 7th ST # 115
County
Travis
City
Austin
State
TX
Zip
78701
Subdivision
Posada Del Rey Condo Amd
Legal Description
UNT 115 POSADA DEL REY CONDOMINIUMS AMENDED PLUS 1.41% INT IN COMMON AREA
Parcel
02060104130025
Interior Features
Floor
Tile
Num Living
1
Dining
1
Appliances
Dishwasher, Disposal, Freezer, Ice Maker, Microwave, Free-Standing Gas Oven, Free-Standing Gas Range, Refrigerator, Stainless Steel Appliance(s)
Laundry
Common Area, Upper Level
Master Bed
Primary Bedroom on Main, Walk-In Closet(s)
Master Main
Yes
Interior Features
Ceiling Fan(s), Natural Woodwork, No Interior Steps, Open Floorplan, Primary Bedroom on Main, Walk-In Closet(s), Carbon Monoxide Detector(s), Fire Alarm, Key Card Entry, Secured Garage/Parking, Security Fence, Security Lights, Smoke Detector(s), Blinds, Drapes, Double Pane Windows, ENERGY STAR Qualified Windows, Screens
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
615 / Public Records
Garages
1
Garage Desc
Assigned, Garage, Garage Door Opener, Reserved
Foundation
Slab
Roof
Concrete
Construction
Stucco
Acres
0.01
Lot Description
City Lot, Corner Lot, Native Plants, Trees-Moderate
Restrictions
City Restrictions, Deed Restrictions
Flood Plain
No
View
City, Downtown, Garden
Water Access
No
Waterfront
No
Area
DT
Utility Info
Water
Public
Sewer
Public Sewer
Utilities
Electricity Available
Heat
Central, Electric
A C
Central Air, Electric
Exterior Features
Fence
Security, Wrought Iron
Exterior Features
Barbecue, Uncovered Courtyard, Exterior Steps, Garden, Gas Grill, Outdoor Grill, Private Entrance, Restricted Access, Covered, Front Porch, Rear Porch
Pool On Property
No
Area Amenities
BBQ Pit/Grill, Bike Storage/Locker, Common Grounds, Controlled Access, Curbs, Garage Parking, Gated, Pool, Sidewalks

Rooms

Rooms2 rooms

Main level

  • Kitchen

    GranCnt

  • Primary Bedroom

    Ceiling Fan(s)

Price history

Members only
Days on market
−$15,000 (−4.8%)
$315,000 → $300,000
1
Price reduction
Active
Since Jun 18, 2026
Price trend
List priceJun 2026 → Sep 2026
Property history2 events
DateEventPriceChange
Sep 1, 2026Price Decrease$300,000−$15,000 (−4.8%)
Aug 21, 2026New Listing

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 $300,000
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

$2,272 / mo

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

Estimated monthly payment $2,272

Principal & interest
$1,517
Property taxes
$505
Homeowners insurance
$250

*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$240,000$2,683$15,521$237,317
2$237,317$2,862$15,341$234,455
3$234,455$3,054$15,150$231,401
4$231,401$3,258$14,945$228,143
5$228,143$3,477$14,727$224,666
6$224,666$3,709$14,494$220,957
7$220,957$3,958$14,246$216,999
8$216,999$4,223$13,981$212,776
9$212,776$4,506$13,698$208,270
10$208,270$4,808$13,396$203,463
  • Year 1$237,317
    Principal paid
    $2,683
    Interest paid
    $15,521
    Starting balance
    $240,000
  • Year 2$234,455
    Principal paid
    $2,862
    Interest paid
    $15,341
    Starting balance
    $237,317
  • Year 3$231,401
    Principal paid
    $3,054
    Interest paid
    $15,150
    Starting balance
    $234,455
  • Year 4$228,143
    Principal paid
    $3,258
    Interest paid
    $14,945
    Starting balance
    $231,401
  • Year 5$224,666
    Principal paid
    $3,477
    Interest paid
    $14,727
    Starting balance
    $228,143
  • Year 6$220,957
    Principal paid
    $3,709
    Interest paid
    $14,494
    Starting balance
    $224,666
  • Year 7$216,999
    Principal paid
    $3,958
    Interest paid
    $14,246
    Starting balance
    $220,957
  • Year 8$212,776
    Principal paid
    $4,223
    Interest paid
    $13,981
    Starting balance
    $216,999
  • Year 9$208,270
    Principal paid
    $4,506
    Interest paid
    $13,698
    Starting balance
    $212,776
  • Year 10$203,463
    Principal paid
    $4,808
    Interest paid
    $13,396
    Starting balance
    $208,270
First 10 of 30 years

Nearby

Courtesy of Keller Williams Realty · (512) 448-4111

Listings courtesy of ACTRIS as distributed by MLS GRID.