505 W 7th ST #113, Austin TX 78701
MLS #246797553 · Urbanspace · Shelli Pauly
About this home
ATTENTION: No HOA leasing permit required and 30-day rentals are allowed—offering rare flexibility for owners and investors! This is the downtown dream! Check out this Spanish hacienda-style boutique community in the heart of Austin’s energetic Market District. This beautifully remodeled 1-bed condo at Posada Del Rey blends warm character with unbeatable walkability—just steps from Lady Bird Lake, Whole Foods, Trader Joe’s, acclaimed restaurants, coffee shops, nightlife, live music, festivals, parks, fitness studios, shopping and more! Interior highlights include an open living and dining layout with a cozy tiled fireplace, hardwood floors throughout, an updated tiled shower and a spacious bedroom with TWO closets, including a rare oversized walk-in. The unique dual-entry floor plan provides private bedroom access in addition to the main entrance overlooking the beautifully landscaped courtyard. Community amenities include a sparkling pool, outdoor grilling areas, fob-controlled entry, bike storage and a reserved garage parking space conveniently located near the elevator. Enjoy easy access to Lamar, Mopac, I-35, 290, 183 and 71, with UT, the Medical District and The Domain just minutes away. Surrounded by Austin’s sleek modern towers, Posada Del Rey stands apart with authentic neighborhood charm and a wonderfully friendly community. Come see it!
Property details
- Property type
- Residential · Condominium
- Status
- Active
- Year built
- 1964
- Full baths
- 1
- Lot size
- 0.009
- Subdivision
- Posada Del Rey Condo Amd
- MLS area
- DT
- MLS #
- 246797553
Features
Interior features
- Bookcases
- Built-in Features
- Chandelier
- Stone Counters
- Crown Molding
- High Speed Internet
- Open Floorplan
- Primary Bedroom on Main
- Recessed Lighting
- Walk-In Closet(s)
Exterior features
- Uncovered Courtyard
- Exterior Steps
- Garden
- Gas Grill
- Lighting
- Outdoor Grill
- Private Entrance
- Restricted Access
Additional details
- Parking
- Assigned, Electric Gate, Garage, Garage Door Opener, Oversized, Secured
- Garage spaces
- 1
- Roof
- Composition, Mixed, Rubber, Spanish Tile
- Foundation
- Slab
- HOA
- $568 / monthly
- Annual tax
- $6,359
Location
View Street ViewLoading map…
Schools
Assigned schools per the MLS.
- School district
- Austin ISD
- Elementary
- Mathews
- Middle
- O Henry
- High
- Austin
Comparable homes near 505 W 7th ST #113
Similar homes currently for sale nearby, ranked by distance.
Getting around
- Downtown Austin
- 0.3 mi
- Austin-Bergstrom Airport
- 7 mi
Straight-line distance, not drive time.
Market insights
Compared with 351 active homes in ZIP 78701 · HomeLocating listings
At $324,999, this home is priced 52% below the $675,000 median across 351 active homes in ZIP 78701.
Estimated monthly payment
Home price
$324,999
Down payment
20% ($65,000)
Loan details
30-yr fixed, 6.50%
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Estimate only, not a lending offer or MLS data. Taxes, insurance, and HOA figures are estimated (see ⓘ above for detail); contact a lender to confirm your exact rate and payment.
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Listing courtesy of Urbanspace · Shelli Pauly
Listing data last updated Oct 2, 2026, 11:46 PM
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