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Crystal Olenbush

512-344-6000
  • 505 W 7th Street 113

  • $324,900 REDUCED
  • 1 Bed, 1 Bath, 666 SQ. Feet, 0.01 Acres Residential Austin, TX 78701

Posada Del Rey is a landmark of historic charm elevated within Austin's most dynamic downtown district. This one-bedroom condo blends authentic Spanish hacienda allure with modern convenience and unbeatable walkability. Step inside to find an inviting open-concept living and dining area with wood-style plank flooring and a remodeled bathroom. The spacious bedroom features two closets, including a rare walk-in closet, an exceptional amenity in downtown one-bedroom units of this size. A unique highlight: the bedroom features a secondary entry door, offering private access to the quiet north side of the building, while the main entrance opens onto a secure, lushly landscaped courtyard. Add the modern, renovated interior, gracefully contrasted by the vintage exterior, and you'll appreciate the rarity of this downtown home. Residents enjoy a massive central courtyard with grills, a sparkling pool, and a grassy lawn. A large reserved garage parking spot, gated bicycle room, plus HOA-covered utilities (water, gas, trash), common area insurance, maintenance, and landscaping, make for carefree living. Surrounded by Austin’s towering modern glass high-rises, this community stands out with its distinctive character and immediate street access. Just steps south, West 6th’s entertainment district beckons, while to the north lie preserved Victorian homes and a neighborhood feel. Town Lake, dining, nightlife, and shopping are all within easy walking distance—offering the best of both worlds. This is more than a condo; it’s a downtown lifestyle with soul. (INCENTIVE: $3900 buy-down rate paid for buyer by JVM Lending).

View More Properties in the 78701 Zip Code. View More Properties in the Austin School District.

Essential Information

  • MLS® #7042319
  • Price$324,900
  • Bedrooms1
  • Bathrooms1.00
  • Full Baths1
  • Square Footage666
  • Acres0.01
  • Year Built1964
  • TypeResidential
  • Sub-TypeCondominium
  • StatusActive

Community Information

  • Address505 W 7th Street 113
  • SubdivisionPosada Del Rey Condo Amd
  • CityAustin
  • CountyTravis
  • StateTX
  • Zip Code78701

Amenities

  • # of Garages1
  • GaragesGarage Door Opener
  • WaterfrontNone
  • Has PoolYes

Utilities

Electricity Available, Fiber Optic Available, Natural Gas Connected, Sewer Connected, See Remarks, Water Connected

Features

Barbecue, Common Grounds/Area, Community Mailbox, Courtyard, Gated, Pool, Trails/Paths, Bicycle Storage, Internet Access, Laundry Facilities, Maintenance On-Site

Parking

Garage, Garage Door Opener, Guest, Assigned, Electric Gate, Oversized, Secured

View

City, Neighborhood, Trees/Woods, City Lights, Pool

Interior

  • InteriorLaminate, Tile
  • HeatingFireplace(s), Natural Gas
  • CoolingCentral Air
  • FireplaceYes
  • # of Fireplaces1
  • FireplacesLiving Room, Wood Burning
  • # of Stories1
  • StoriesOne

Appliances

Dishwasher, Free-Standing Gas Range, Free-Standing Range, Gas Cooktop, Disposal, Microwave, Oven, Refrigerator

Exterior

  • RoofTile
  • ConstructionStucco
  • FoundationSlab

Exterior Features

Garden, Outdoor Grill, Private Entrance, Uncovered Courtyard, Exterior Steps, Gas Grill, Lighting

Lot Description

Trees Large Size, Views, Garden, Trees Medium Size

Windows

Blinds, ENERGY STAR Qualified Windows, Insulated Windows, Screens, Triple Pane Windows

School Information

  • DistrictAustin ISD
  • ElementaryMathews
  • MiddleO Henry
  • HighAustin

Map & Directions

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Price Change History for 505 W 7th Street 113, Austin, TX (MLS® #7042319)

Date Details Price Change
Price Reduced (from $349,900) $324,900 $25,000 (7.14%)

Property Listed by: Sprout Realty

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from May 12th, 2026 at 1:30pm CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

All information provided is deemed reliable but is not guaranteed and should be independently verified.