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505 W 7th ST 308, Austin TX 78701
505 W 7th ST 308, Austin TX 78701
Texas>Austin>Market District

505 W 7th ST 308Austin, TX 78701

For Sale

$349,900

Smart Buyer Rebate $3,499

Rare third-floor residence in Posada Del Rey, a boutique Spanish-inspired condominium community in the heart of Downtown Austin. This move-in-ready one-bedroom home offers an open, thoughtfully designed layout featuring diagonal tile flooring, a wood-burning fireplace with handcrafted Spanish tile, custom built-in shelving, a well-appointed galley kitchen with gas cooking, generous counter space, an updated bathroom, dual bedroom closets, and assigned garage parking. Residents enjoy controlled access, elevator service, beautifully landscaped courtyards, and a resort-style pool that provide a peaceful retreat just moments from the city's vibrant urban core. Whole Foods Market, Trader Joe's, the Austin Central Library, Seaholm District, Republic Square, Lady Bird Lake, and the restaurants and nightlife of West Sixth are all within easy reach. Whether you're seeking a primary residence or a lock-and-leave downtown retreat, this distinctive home combines timeless architectural character, everyday functionality, and one of Austin's most walkable and desirable locations.

Listed by Mike Easter

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License #603055

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Compass RE Texas, LLC

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(512) 575-3644

Last updated July 19, 2026

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Source: ACTRIS #4283227

Listing Facts

  • TypeCondo
  • NeighborhoodMarket District
  • Bedrooms1
  • Bathrooms1
  • Days on Prevu102
  • HOA/Maint. Fees$567.99/month
  • Taxes$6,832.25/year
  • Size709 sqft
  • Price per sqft$494

Amenities

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

Location

Mortgage Calculator

Listing History

06/05/2026
Listed by Compass RE Texas, LLC
$349,900
  1. 06/05/2026$349,900
    Listed by Compass RE Texas, LLC

Property Details for 505 W 7th ST 308

Association

Amenities

  • Community Features: BBQ Pit/Grill, Bike Storage/Locker, Cluster Mailbox, Common Grounds, Controlled Access, Courtyard, Covered Parking, Curbs, Gated, High Speed Internet, Laundry Facility(s), Maintenance On-Site, Pool, Sidewalks, Street Lights, Tenant Access Cargo Elevator

Fees

  • Association Fee: $567.99 Monthly
  • Association Fee Includes: Common Area Maintenance, Gas, Hot Water, Landscaping, Maintenance Grounds, Parking, Pest Control, Sewer, Trash, Water

General

  • Association Name: Posada Del Rey Condominium Association

Exterior

Construction

  • Property Attached: Yes
  • Property Condition: Resale
  • Roof: Composition, Mixed, Rubber, Spanish Tile
  • Year Built: 1964
  • Construction Materials: Stucco
  • Exterior Features: Garden, Gutters Partial, Lighting, Outdoor Grill, Private Entrance, Restricted Access

Features

  • Direction Faces: North
  • Fencing: Fenced, Gate, Security, Wrought Iron
  • Pool Features: In Ground, Outdoor Pool
  • Pool Private: Yes
  • View: City, City Lights, Downtown, Panoramic, Pool, Skyline

Measurements

  • Lot Features: City Lot, Curbs, Garden, Landscaped, Trees-Large (Over 40 Ft), Trees-Medium (20 Ft - 40 Ft), Views
  • Lot Size Acres: 0.01
  • Lot Size Area: 0
  • Lot Size Square Feet: 439

Financial

Taxes

  • Parcel Number: 02060104130059
  • Tax Annual Amount: $6,832.25
  • Tax Assessed Value: $418,978.00
  • Tax Year: 2026

Interior

Features

  • Appliances: Dishwasher, Disposal, ENERGY STAR Qualified Dishwasher, Exhaust Fan, Microwave, Free-Standing Gas Oven, Plumbed For Ice Maker, Free-Standing Gas Range, Free-Standing Refrigerator, Stainless Steel Appliance(s)
  • Fireplace Features: Family Room, Raised Hearth, Wood Burning
  • Fireplaces Total: 1
  • Flooring: Tile
  • Interior Features: Bookcases, Built-in Features, Ceiling Fan(s), Stone Counters, Eat-in Kitchen, High Speed Internet, Open Floorplan, Pantry, Primary Bedroom On Main, Recessed Lighting, Walk-In Closet(s)

Measurements

  • Living Area: 709
  • 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: 308

Parking

Parking

  • Covered Spaces: 1
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Features: Assigned, Drive Through, 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: Ceiling Fan(s), Central Air
  • Heating: Ceiling
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Internet-Fiber, Natural Gas Connected, Sewer Connected, Water 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 308.

What schools are nearby to 505 W 7th ST 308?

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 308.

What are the annual taxes for 505 W 7th ST 308?

Annual taxes for this condo are estimated at $6,832.

How does 505 W 7th ST 308 compare to other condos in Market District?

This condo is listed 63% below the average price for condos in Market District and has been on the market for 12 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 Condominium Association home owners association.

What is the square footage on this condo?

According to the MLS, this listing is 709 sqft.

505 W 7th ST 308 is a 1-bedroom, 1-bath condo for sale in Austin TX 78701. Listed on Prevu for 102 days at $349,900. This home features 709 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. 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.