$324,999
1 Bed
1 Bath
656 SqFt
0.01 Acre Lot
392 Sqft Lot
Status Active
Property Type Condominium
Price Type
Year Built 1964
Neighborhood Posada Del Rey Condo Amd
Days on Website 113

Property Map

$324,999 – 505 W 7th Street #113, Austin, TX 78701

Street View

Property listed by Urbanspace 512-457-8884 {attribution_contact}

Description

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 and Features

Appliances & Equipment

  • Dishwasher
  • FreeStandingGasRange
  • FreeStandingRange
  • GasCooktop
  • Disposal
  • Microwave
  • Oven

Bathrooms

  • 1 total bathroom
  • 1 full bathroom

Bedrooms

  • 1 total bedroom
  • 1 main level bedroom

Building

  • Built in 1964
  • Living area: 656.0
  • Building faces South
  • Levels: One
  • Construction Materials: Stucco

Community

  • Barbecue
  • BicycleStorage
  • CommonGroundsArea
  • CommunityMailbox
  • Courtyard
  • Gated
  • InternetAccess
  • LaundryFacilities
  • MaintenanceOnSite
  • Pool
  • TrailsPaths

Disclosures

  • SellerDisclosure
  • RestrictedPropertyAccess

Accessibility Features

  • None

Energy Saving

  • Energy Efficiency: Windows

Exterior Features

  • ExteriorSteps
  • Garden
  • GasGrill
  • Lighting
  • OutdoorGrill
  • PrivateEntrance
  • UncoveredCourtyard

Fence

  • Security
  • WroughtIron

Fireplaces

  • 1 fireplace
  • LivingRoom
  • WoodBurning

Floors

  • Laminate
  • Tile

Foundation

  • Slab

Garage

  • 1 spaces

Heating

  • Central

Home Owner’s Association

  • Association Fee: $568
  • Fee Frequency: Monthly
  • Fee Includes: CommonAreaMaintenance, Gas, HotWater, MaintenanceGrounds, MaintenanceStructure, Parking, PestControl, Sewer, Trash, Water

Interior Features

  • Bookcases
  • BuiltInFeatures
  • Chandelier
  • CrownMolding
  • MainLevelPrimary
  • MultipleClosets
  • OpenFloorplan
  • StoneCounters
  • RecessedLighting
  • WalkInClosets
  • HighSpeedInternet

Laundry

  • CommonArea

Listing

  • Listing ID: 3230506
  • Standard Status: Active
  • MLS Status: Active
  • Property Subtype: Condominium
  • On market as of 2026-05-21
  • 23 days on market
  • Special Conditions: Standard

Location

  • Subdivision: Posada Del Rey Condo Amd
  • MLS Area (Major): DT
  • County/Parish: Travis

Lot

  • 0.009 acres
  • Garden
  • TreesLargeSize
  • TreesMediumSize
  • Views

Parking

  • 1 covered spaces
  • Assigned
  • ElectricGate
  • Garage
  • GarageDoorOpener
  • Oversized
  • Secured
  • Guest

Pool

  • InGround
  • Community

Possession

  • ClosingAndFunding
  • CloseOfEscrow

Property

  • Resale
  • CityLights
  • City
  • Neighborhood
  • Pool
  • TreesWoods

Roof

  • Composition
  • Mixed
  • Rubber
  • SpanishTile

Schools

  • Elementary School: Mathews
  • Elementary School District: Austin ISD
  • Middle School: O Henry
  • Middle School District: Austin ISD
  • High School: Austin
  • High School District: Austin ISD

Sewer

  • PublicSewer

Taxes

  • Parcel Number: 02060104130023
  • Annual Amount: $6,359.68
  • Assessed Value: $376,140
  • Legal Description: UNT 113 POSADA DEL REY CONDOMINIUMS AMENDED PLUS 1.41% INTEREST IN COMMON AREA
  • Lot: 113
  • Year: 2026

Utilities

  • ElectricityAvailable
  • FiberOpticAvailable
  • NaturalGasConnected
  • SewerConnected
  • WaterConnected
  • Water Source: Public

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