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505 W 7th ST 108Austin, TX 78701

For Sale

$308,500

Smart Buyer Rebate - Ask

Dramatic reduction! One of the best kept secrets in downtown Austin! Sweet ground floor unit with saltillo tile throughout, talavera tile in kitchen, cozy living area with fireplace! Front door plus back door to exit 7th street. Large window in bedroom w/2" blinds! Can't beat this location--WALK SCORE OF 99, BIKE SCORE OF 90 and just steps away from Waltons, Star Bar and everything else downtown has to offer! This lovely Spanish-style complex has a beautiful pool, large laundry room, one parking space goes with unit! Excellent investment opportunity or see it as a way to get into downtown living on an affordable scale! This unit makes a great escape when heading downtown for concerts, ACL or the plethora of entertainment Austin offers!

Listed by Annie Bright

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License #484494

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Allure Real Estate

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(512) 518-0008

Last updated October 27, 2025

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Source: ACTRIS #9639513

Listing Facts

  • TypeCondo
  • NeighborhoodMarket District
  • Bedrooms1
  • Bathrooms1
  • Days on Prevu436
  • HOA/Maint. Fees$455.19/month
  • Taxes$7,783.85/year
  • Size629 sqft
  • Price per sqft$490

Amenities

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

Location

Mortgage Calculator

Listing History

10/27/2025
Price Decreased
$308,500
06/10/2025
Price Decreased
$339,000
05/14/2025
Price Decreased
$374,500
03/16/2025
Price Decreased
$399,000
10/07/2024
Price Decreased
$435,000
10/03/2024
Price Decreased
$447,000
10/01/2024
Listed by Allure Real Estate
$450,000

Property Details for 505 W 7th ST 108

Association

Amenities

  • Community Features: BBQ Pit/Grill, Courtyard, Pool, See Remarks

Fees

  • Association Fee: $455.19 Monthly
  • Association Fee Includes: Trash

General

  • Association Name: Posada Del Rey HOA

Exterior

Construction

  • Property Condition: Resale
  • Roof: Flat Tile
  • Window Features: Window Treatments
  • Year Built: 1964
  • Construction Materials: Stucco
  • Exterior Features: Uncovered Courtyard, Gas Grill, See Remarks

Features

  • Direction Faces: South
  • Fencing: Wrought Iron
  • Other Structures: See Remarks
  • Patio And Porch Features: Covered, Terrace
  • View: Downtown

Measurements

  • Lot Features: See Remarks
  • Lot Size Acres: 0.00
  • Lot Size Area: 0
  • Lot Size Square Feet: 392

Financial

Taxes

  • Parcel Number: 02060104130018
  • Tax Annual Amount: $7,783.85
  • Tax Assessed Value: $429,615.00
  • Tax Year: 2024

Interior

Features

  • Appliances: Free-Standing Gas Oven, Refrigerator
  • Fireplace Features: Living Room
  • Fireplaces Total: 1
  • Flooring: Tile
  • Interior Features: Tile Counters, No Interior Steps, Recessed Lighting

Measurements

  • Living Area: 629
  • Living Area Source: Public Records

Rooms

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

Other

Location

  • Subdivision Name: Posada Del Rey Condo Amd
  • Tax Lot: 108

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: Cable Connected, Electricity Connected, Natural Gas Connected
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this condo have?

There is 1 bedroom and 1 bathroom in this condo at 505 W 7th ST 108.

What schools are nearby to 505 W 7th ST 108?

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 108.

What are the annual taxes for 505 W 7th ST 108?

Annual taxes for this condo are estimated at $7,783.

How does 505 W 7th ST 108 compare to other condos in Market District?

This condo is listed 70% below the average price for condos in Market District and has been on the market for 365 more 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 629 sqft.

505 W 7th ST 108 is a 1-bedroom, 1-bath condo for sale in Austin TX 78701. Available on Prevu for 436 days at $308,500. This includes a recent price decrease of $30,500. This home features 629 square feet of living space, located in Market District. The median listing price for condos in this area is $775,000. Nearby schools include Mathews Elementary School, O Henry Middle School, and Austin High School. Additional amenities include private outdoor space, air conditioning, parking, and swimming pool. Browse 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.