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505 W 7th ST 102Austin, TX 78701

For Sale

$495,000

Smart Buyer Rebate $4,950

Beautifully updated first-floor condo in the charming Posada del Rey community, ideally situated in the heart of downtown Austin! This thoughtfully renovated 2-bedroom residence showcases updated cabinetry, solid-surface countertops, stainless steel appliances including gas cooking, modern plumbing and lighting fixtures, a custom-built primary closet, and a beautifully remodeled shower with designer tile and a frameless glass enclosure. The functional floor plan includes a full bath, a convenient ensuite half bath, and in-unit laundry for everyday comfort and convenience.

Posada del Rey captures the character of old Austin with lush, mature courtyards, a sparkling community pool, gated covered parking, and low HOA dues—an increasingly rare combination in such a premier downtown location. Enjoy easy access to Whole Foods, Trader Joe’s, BookPeople, Walton’s, Republic Square Park and its renowned farmers market, along with the restaurants, coffee shops, and nightlife of West 6th Street. Just moments from the Lady Bird Lake hike-and-bike trail and the 2nd Street District, this home offers an exceptional blend of urban convenience, walkability, and the charm of a smaller, established community.

Listed by Kevin Bown

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License #466759

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Twelve Rivers Realty

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(512) 658-2419

Last updated July 18, 2026

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Source: ACTRIS #6295854

Listing Facts

  • TypeCondo
  • NeighborhoodMarket District
  • Bedrooms2
  • Bathrooms2
  • Days on Prevu49
  • HOA/Maint. Fees$777/month
  • Taxes$11,305.3/year
  • Size995 sqft
  • Price per sqft$497

Amenities

  • Dishwasher
  • Private Outdoor Space
  • Air Conditioning
  • Parking
  • Swimming Pool

Location

Mortgage Calculator

Listing History

07/08/2026
Price Decreased
$495,000
06/12/2026
Listed by Twelve Rivers Realty
$535,000

Property Details for 505 W 7th ST 102

Association

Amenities

  • Community Features: BBQ Pit/Grill, Common Grounds, Courtyard, Gated, Pool

Fees

  • Association Fee: $777.00 Monthly
  • Association Fee Includes: Common Area Maintenance

General

  • Association Name: Posada Del Rey HOA

Exterior

Construction

  • Property Condition: Resale
  • Roof: Flat Tile
  • Window Features: Blinds
  • Year Built: 1964
  • Construction Materials: Masonry – All Sides
  • Exterior Features: Uncovered Courtyard, Exterior Steps, Garden, Gas Grill, Lighting, Outdoor Grill

Features

  • Direction Faces: NE
  • Fencing: Security
  • Patio And Porch Features: Covered, Patio
  • View: City

Measurements

  • Lot Features: Garden, Trees-Large (Over 40 Ft), Trees-Medium (20 Ft - 40 Ft)
  • Lot Size Acres: 0.01
  • Lot Size Area: 0
  • Lot Size Square Feet: 618

Financial

Taxes

  • Parcel Number: 02060104130012
  • Tax Annual Amount: $11,305.30
  • Tax Assessed Value: $570,452.00
  • Tax Year: 2025

Interior

Features

  • Appliances: Dishwasher, Free-Standing Gas Range, Refrigerator, Washer/Dryer
  • Flooring: Laminate
  • Interior Features: Ceiling Fan(s), Stone Counters, Recessed Lighting, Walk-In Closet(s)

Measurements

  • Living Area: 995
  • Living Area Source: Public Records

Rooms

  • Bathrooms Full: 1
  • Bathrooms Half: 1
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 2
  • Main Level Bedrooms: 2

Other

Location

  • Subdivision Name: Posada Del Rey Condo Amd
  • Tax Lot: 102

Parking

Parking

  • Garage: Yes
  • Parking Features: Garage
  • Parking Total: 1

Schools

Elementary School

  • Elementary School: Mathews
  • Elementary School District: Austin ISD

High School

  • High School: Austin
  • High School District: Austin ISD

Middle or Junior School

  • Middle Or Junior School: O Henry
  • Middle Or Junior School District: Austin ISD

Utilities

Equipment

  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this condo have?

There are 2 bedrooms and 2 bathrooms in this condo at 505 W 7th ST 102.

What schools are nearby to 505 W 7th ST 102?

Nearby schools include the Mathews Elementary School, O Henry Middle School, and Austin High School.

Does this condo have parking?

Yes, there is 1 parking space available for 505 W 7th ST 102.

What are the annual taxes for 505 W 7th ST 102?

Annual taxes for this condo are estimated at $11,305.

How does 505 W 7th ST 102 compare to other condos in Market District?

This condo is listed 48% below the average price for condos in Market District and has been on the market for 41 less days than the typical home in this area.

What building or home owners association is the condo part of?

This condo is part of the Posada Del Rey HOA home owners association.

What is the square footage on this condo?

According to the MLS, this listing is 995 sqft.

505 W 7th ST 102 is a 2-bedroom, 2-bath condo for sale in Austin TX 78701. Available on Prevu for 49 days at $495,000. This includes a recent price decrease of $40,000. This property features 995 square feet of living space, located in Market District. The median listing price for condos in this area is $727,500. Nearby schools include Mathews Elementary School, O Henry Middle School, and Austin High School. The home offers private outdoor space, dishwasher, air conditioning, parking, and swimming pool. Explore more condo listings in Austin.

Based on information from ACTRIS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.