$495,000

Property Overview

This first-floor condo at 505 7th Street showcases a sophisticated renovation that balances modern convenience with authentic downtown living. The 995-square-foot space features updated cabinetry, stainless steel appliances with gas cooking, and a primary bathroom anchored by designer tile and a frameless glass enclosure. In-unit laundry and a custom-built primary closet add everyday functionality that's increasingly sought in central Austin. The thoughtful layout includes two bedrooms, two full baths, and direct access to Posada del Rey's gated community amenities.

Posada del Rey remains one of downtown Austin's most desirable mid-rise communities, offering what few other complexes provide: mature, lush courtyards, a sparkling pool, covered parking, and genuinely low HOA dues. The location on 7th Street places residents steps from West 6th Street's restaurants and nightlife, Republic Square Park's farmers market, and boutique retail including BookPeople and Walton's. Lady Bird Lake trails and Congress Avenue's cultural spine are equally walkable, making this condo an ideal hub for Austin's vibrant urban core.

Vox Residential Insight

At $497 per square foot, this property sits 30 percent below the downtown median, offering authentic central-location living without downtown price premiums. The Posada del Rey community's sustainable HOA structure and amenities package remain exceptionally competitive for the Downtown Austin neighborhood, which is precisely why Vox Residential sees these opportunities move quickly.

Agent Description

Beautifully updated first-floor condo in the charming Posada del Rey community, ideally situated in the heart of downtown Austin! This thoughtfully renovated 2-bedroom residence showcases updated cabinetry, solid-surface countertops, stainless steel appliances including gas cooking, modern plumbing and lighting fixtures, a custom-built primary closet, and a beautifully remodeled shower with designer tile and a frameless glass enclosure. The functional floor plan includes a full bath, a convenient ensuite half bath, and in-unit laundry for everyday comfort and convenience. Posada del Rey captures the character of old Austin with lush, mature courtyards, a sparkling community pool, gated covered parking, and low HOA dues—an increasingly rare combination in such a premier downtown location. Enjoy easy access to Whole Foods, Trader Joe’s, BookPeople, Walton’s, Republic Square Park and its renowned farmers market, along with the restaurants, coffee shops, and nightlife of West 6th Street. Just moments from the Lady Bird Lake hike-and-bike trail and the 2nd Street District, this home offers an exceptional blend of urban convenience, walkability, and the charm of a smaller, established community.

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 $497/sqft, this listing is priced 30% below the Downtown Austin median of $713/sqft.

Property Details

Listing data last updated: July 16, 2026

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