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505 W 7th ST 115, Austin TX 78701
505 W 7th ST 115, Austin TX 78701
Texas>Austin>Market District

505 W 7th ST 115Austin, TX 78701

For Sale

$300,000

Smart Buyer Rebate $3,000

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.

Listed by Ricky Cain

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License #565374

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Keller Williams Realty

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(512) 675-7653

Listed by Elizabeth Edmonson

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License #729856

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Keller Williams Realty

Last updated September 08, 2026

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Source: ACTRIS #5384911

Listing Facts

  • TypeCondo
  • NeighborhoodMarket District
  • Bedrooms1
  • Bathrooms1
  • Days on Prevu89
  • HOA/Maint. Fees$571/month
  • Taxes$6,063.9/year
  • Size615 sqft
  • Price per sqft$488

Amenities

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

Location

Mortgage Calculator

Listing History

09/01/2026
Price Decreased
$300,000
06/18/2026
Listed by Keller Williams Realty
$315,000
  1. 09/01/2026$300,000
    Price Decreased
  2. 06/18/2026$315,000
    Listed by Keller Williams Realty

Property Details for 505 W 7th ST 115

Association

Amenities

  • Community Features: BBQ Pit/Grill, Bike Storage/Locker, Common Grounds, Controlled Access, Curbs, Garage Parking, Gated, Pool, Sidewalks

Fees

  • Association Fee: $571.00 Monthly
  • Association Fee Includes: Common Area Maintenance

General

  • Association Name: Posada Del Rey HOA

Exterior

Construction

  • Property Attached: Yes
  • Property Condition: Resale
  • Roof: Concrete
  • Window Features: Blinds, Drapes, Double Pane Windows, ENERGY STAR Qualified Windows, Screens
  • Year Built: 1964
  • Construction Materials: Stucco
  • Exterior Features: Barbecue, Uncovered Courtyard, Exterior Steps, Garden, Gas Grill, Outdoor Grill, Private Entrance, Restricted Access

Features

  • Direction Faces: North
  • Fencing: Security, Wrought Iron
  • Patio And Porch Features: Covered, Front Porch, Rear Porch
  • View: City, Downtown, Garden

Measurements

  • Lot Features: City Lot, Corner Lot, Native Plants, Trees-Moderate
  • Lot Size Acres: 0.00
  • Lot Size Area: 0
  • Lot Size Square Feet: 378

Financial

Taxes

  • Parcel Number: 02060104130025
  • Tax Annual Amount: $6,063.90
  • Tax Assessed Value: $356,104.00
  • Tax Year: 2026

Interior

Features

  • Appliances: Dishwasher, Disposal, Freezer, Ice Maker, Microwave, Free-Standing Gas Oven, Free-Standing Gas Range, Refrigerator, Stainless Steel Appliance(s)
  • Flooring: Tile
  • Interior Features: Ceiling Fan(s), Natural Woodwork, No Interior Steps, Open Floorplan, Primary Bedroom On Main, Walk-In Closet(s)

Measurements

  • Living Area: 615
  • Living Area Source: Public Records

Rooms

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

Other

Features

  • Accessibility Features: Adaptable For Elevator, Accessible Approach With Ramp

Location

  • Subdivision Name: Posada Del Rey Condo Amd
  • Tax Lot: 115

Parking

Parking

  • Covered Spaces: 1
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Features: Assigned, Garage, Garage Door Opener, Reserved
  • 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, Electric
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Utilities: Electricity Available
  • 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 115.

What schools are nearby to 505 W 7th ST 115?

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 115.

What are the annual taxes for 505 W 7th ST 115?

Annual taxes for this condo are estimated at $6,063.

How does 505 W 7th ST 115 compare to other condos in Market District?

This condo is listed 68% below the average price for condos in Market District and has been on the market for 1 less day 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 615 sqft.

505 W 7th ST 115 is a 1-bedroom, 1-bath condo for sale in Austin TX 78701. Listed on Prevu for 89 days at $300,000. This includes a recent price decrease of $15,000. This residence features 615 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. Property amenities include private outdoor space, dishwasher, air conditioning, parking, and swimming pool. View other 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.