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
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
- $265,000
- $ / Sqft
- $431
- 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
Main level
- Kitchen
GranCnt
- Primary Bedroom
Ceiling Fan(s)
Price history
| Date | Event | Price | Change |
|---|---|---|---|
| Oct 24, 2026 | Price Decrease | $265,000−$20,000 (−7%) | −$20,000 (−7%) |
| Sep 23, 2026 | Price Decrease | $285,000−$15,000 (−5%) | −$15,000 (−5%) |
| Sep 1, 2026 | Price Decrease | $300,000−$15,000 (−4.8%) | −$15,000 (−4.8%) |
| Aug 21, 2026 | New Listing | — |
Taxes
TCAD account 194206
Uses rates from the supplied 2026 TCAD package. The file does not identify adopted or proposed status.
| Taxing Entity | Rate per $100 | Taxable Value | Estimated Tax |
|---|---|---|---|
| AUSTIN COMM COLL DIST | 0.103400 | $252,751 | $261.34 |
| AUSTIN ISD | 0.925200 | $252,751 | $2,338.45 |
| CITY OF AUSTIN | 0.524017 | $252,751 | $1,324.46 |
| TRAVIS COUNTY | 0.375845 | $252,751 | $949.95 |
| TRAVIS COUNTY HEALTHCARE DISTRICT | 0.118023 | $252,751 | $298.30 |
| Ordinary property tax estimate | 2.046485 | $5,172.50 |
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
- Owner
- IVEY PHILIP & HEIDI
- Legal
- UNT 115 POSADA DEL REY CONDOMINIUMS AMENDED PLUS 1.41% INT IN COMMON AREA
- Geo ID
- prop:194206
- Acreage
- 0.01
- Exemption Type
- None on record
- MLS estimated annual taxes
- $6,064
- MLS tax year
- 2026
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.
| Year | Appraised Value | Combined Rate per $100 | Annual Taxes Billed |
|---|---|---|---|
| 2025 | $356,104 | 2.046485 | $7,287.61 |
| 2024 | — | 1.981814 | $7,732.77 |
| 2023 | — | 1.809247 | $7,605.74 |
| 2022 | — | 1.974923 | $8,091.65 |
| 2021 | — | 2.176679 | $5,562.04 |
| 2020 | — | 2.226665 | $5,699.39 |
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.
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
Estimated monthly payment
$2,066 / mo
20% down · 6.50% interest · 30-year fixed
Estimated monthly payment $2,066
- Principal & interest
- $1,340
- Property taxes
- $505
- Homeowners insurance
- $221
*PITI only
These figures are estimates for general information only — not a loan offer, a quote, or a guarantee of financing terms.
| Year | Starting balance | Principal paid | Interest paid | Ending balance | Principal vs interest |
|---|---|---|---|---|---|
| 1 | $212,000 | $2,370 | $13,710 | $209,630 | |
| 2 | $209,630 | $2,528 | $13,552 | $207,102 | |
| 3 | $207,102 | $2,698 | $13,382 | $204,405 | |
| 4 | $204,405 | $2,878 | $13,202 | $201,526 | |
| 5 | $201,526 | $3,071 | $13,009 | $198,455 | |
| 6 | $198,455 | $3,277 | $12,803 | $195,179 | |
| 7 | $195,179 | $3,496 | $12,584 | $191,682 | |
| 8 | $191,682 | $3,730 | $12,350 | $187,952 | |
| 9 | $187,952 | $3,980 | $12,100 | $183,972 | |
| 10 | $183,972 | $4,247 | $11,833 | $179,725 |
- Year 1$209,630
- Principal paid
- $2,370
- Interest paid
- $13,710
- Starting balance
- $212,000
- Year 2$207,102
- Principal paid
- $2,528
- Interest paid
- $13,552
- Starting balance
- $209,630
- Year 3$204,405
- Principal paid
- $2,698
- Interest paid
- $13,382
- Starting balance
- $207,102
- Year 4$201,526
- Principal paid
- $2,878
- Interest paid
- $13,202
- Starting balance
- $204,405
- Year 5$198,455
- Principal paid
- $3,071
- Interest paid
- $13,009
- Starting balance
- $201,526
- Year 6$195,179
- Principal paid
- $3,277
- Interest paid
- $12,803
- Starting balance
- $198,455
- Year 7$191,682
- Principal paid
- $3,496
- Interest paid
- $12,584
- Starting balance
- $195,179
- Year 8$187,952
- Principal paid
- $3,730
- Interest paid
- $12,350
- Starting balance
- $191,682
- Year 9$183,972
- Principal paid
- $3,980
- Interest paid
- $12,100
- Starting balance
- $187,952
- Year 10$179,725
- Principal paid
- $4,247
- Interest paid
- $11,833
- Starting balance
- $183,972
Nearby
Courtesy of Keller Williams Realty · (512) 448-4111
Listings courtesy of ACTRIS as distributed by MLS GRID.