$315,000
1 bd · 1 ba · 615 sqft
505 W 7th St #115, Austin, TX 78701
505 W 7th St #115, Austin, TX 78701 is a 1-bedroom, 1-bathroom condominium listed at $315,000 ($512/sqft). 615 sqft. Built in 1964. Located in Downtown Austin, Austin TX. Priced 28% below the Downtown Austin median of $714/sqft. MLS #5384911. Listed by Keller Williams Realty.
Property Overview
This corner unit at 505 W 7th St in Downtown Austin delivers exceptional walkability and natural light from three exposures, rare amenities in the urban core. The single-story layout maximizes brightness with just one shared wall, while the open floor plan flows seamlessly from the spacious bedroom with walk-in closet through the living area to a well-equipped kitchen featuring stainless steel appliances and tile throughout. Energy Star windows, central climate control, and thoughtful details like ceiling fans and natural woodwork create an efficient, comfortable retreat steps from Congress Avenue's dining and entertainment scene.
Located within the gated Posada Del Rey community, residents enjoy secured key-fob access, reserved garage parking, and the rare combination of pool access and low-density living in the 6th Street entertainment district. The property sits 28 percent below area median pricing at $512 per square foot, offering genuine value for those seeking downtown convenience without compromise. City and garden views from the covered porches, along with a private entrance and courtyard access, establish this end unit as a distinctive offering in Downtown Austin's competitive market.
Vox Real Estate Insight
Vox Real Estate recognizes this corner unit's strategic positioning as one of the few affordably-priced Downtown Austin condominiums with private outdoor space and single-wall exposure. The below-market pricing combined with underground parking and gated security makes this an overlooked gem for buyers prioritizing walkability to Lady Bird Lake and the urban core without premium high-rise pricing.
Agent Description
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.
Neighborhood: Downtown Austin
This property is located in Downtown Austin, Austin, TX. The area is known for 6th Street Entertainment, Lady Bird Lake, Congress Avenue, High-Rise Living, Walkable Urban Core.
At $512/sqft, this listing is priced 28% below the Downtown Austin median of $714/sqft.
Property Details
| Property Type | Condominium |
| Year Built | 1964 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Living Area | 615 sqft |
| Lot Size | 379 sqft |
| Price / Sqft | $512 |
| Stories | One |
| Condition | Resale |
| Unit Style | 1st Floor Entry, Elevator, End Unit, Mid Rise (4-7 Stories), Single level Floor Plan |
| Subdivision | Posada Del Rey Condo Amd |
| County | Travis |
| MLS Area | DT |
| Listed | Jun 18, 2026 |
| MLS # | 5384911 |
| Listed By | Keller Williams Realty |
| Contact | (512) 675-7653 |
Interior
| Flooring | Tile |
| Appliances | Dishwasher, Disposal, Freezer, Ice Maker, Microwave, Free-Standing Gas Oven, Free-Standing Gas Range, Refrigerator, Stainless Steel Appliance(s) |
| Interior Features | Ceiling Fan(s), Natural Woodwork, No Interior Steps, Open Floorplan, Primary Bedroom on Main, Walk-In Closet(s) |
| Windows | Blinds, Drapes, Double Pane Windows, ENERGY STAR Qualified Windows, Screens |
| Laundry | Common Area, Upper Level |
| Main-Level Bedrooms | 1 |
| Living Areas | 1 |
| Dining Areas | 1 |
| Accessibility | Adaptable For Elevator, Accessible Approach with Ramp |
Systems & Utilities
| Cooling | Central Air, Electric |
| Heating | Central, Electric |
| Utilities | Electricity Available |
| Water Source | Public |
| Sewer | Public Sewer |
Exterior & Lot
| Construction | Stucco |
| Roof | Concrete |
| Foundation | Slab |
| Exterior Features | Barbecue, Uncovered Courtyard, Exterior Steps, Garden, Gas Grill, Outdoor Grill, Private Entrance, Restricted Access |
| Patio & Porch | Covered, Front Porch, Rear Porch |
| Fencing | Security, Wrought Iron |
| Lot Features | City Lot, Corner Lot, Native Plants, Trees-Moderate |
| View | City, Downtown, Garden |
| Faces | North |
Parking
| Parking Spaces | 1 |
| Garage Spaces | 1 |
| Covered Spaces | 1 |
| Parking Features | Assigned, Garage, Garage Door Opener, Reserved |
Community & HOA
| HOA | Yes |
| HOA Name | Posada Del Rey HOA |
| HOA Fee | $571 / Monthly |
| Fee Includes | Common Area Maintenance |
| Community Features | BBQ Pit/Grill, Bike Storage/Locker, Common Grounds, Controlled Access, Curbs, Garage Parking, Gated, Pool, Sidewalks |
| Security | Carbon Monoxide Detector(s), Fire Alarm, Key Card Entry, Secured Garage/Parking, Security Fence, Security Lights, Smoke Detector(s) |
Assigned Schools
| Elementary | Mathews |
| Middle | O Henry |
| High | Austin |
| District | Austin ISD |
Taxes & Legal
| Tax Year | 2026 |
| Annual Tax | $6,064 |
| Assessed Value | $356,104 |
| Parcel # | 02060104130025 |
| Legal Description | UNT 115 POSADA DEL REY CONDOMINIUMS AMENDED PLUS 1.41% INT IN COMMON AREA |
| FEMA Flood Plain | No |
| In ETJ | No |
| Disclosures | Seller Disclosure |
| Listing Conditions | Standard |
Listing data last updated:
Frequently Asked Questions
What is the listing price of 505 W 7th St #115, Austin, TX 78701?
This property is listed at $315,000, which is $512 per square foot. That is 28% below the Downtown Austin area median of $714/sqft.
How many bedrooms and bathrooms does 505 W 7th St #115, Austin, TX 78701 have?
This home has 1 bedroom and 1 bathroom, with 615 square feet of living space.
When was 505 W 7th St #115, Austin, TX 78701 built?
This property was built in 1964, making it 62 years old.
What neighborhood is 505 W 7th St #115, Austin, TX 78701 in?
This property is in Downtown Austin, Austin, TX. The area is known for 6th street entertainment, lady bird lake, congress avenue.
How long has 505 W 7th St #115, Austin, TX 78701 been on the market?
This listing has been on the market for 68 days.
What type of property is 505 W 7th St #115, Austin, TX 78701?
This is a Condominium on a 378.97 sqft lot.