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$349,900

505 W 7th ST 308, Austin, TX, 78701

On MarketInfo
Just AddedInfo
Beds1 Beds
Baths1 Bath
Baths709 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$493.51 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

High EquityCash Buyers

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms 1Bathrooms 1
AppliancesDishwasher, Energy Star Qualified Dishwasher, Exhaust Fan, Free Standing Gas Oven, Free Standing Gas Range, Free Standing Refrigerator, Disposal, Microwave, Plumbed For Ice Maker, Stainless Steel Appliances
FlooringTile

Exterior

Private PoolPrivate Pool
Exterior FeaturesGarden, Lighting, Outdoor Grill, Private Entrance, Rain Gutters
Lot Size440 sqft

Building Information

Year Built1964
Stories1
Roof Type183
Garage Spaces1

Land Information

APN02060104130000 02
Lot Number308
SubdivisionPosada Del Rey Condominiums Amended
Land UseCondominiums
Legal DescriptionUNT 308 POSADA DEL REY CONDOMINIUMS AMENDED PLUS 1.41% INT IN COMMON AREA
Census Tract001101
Assessed Land Value$220,470
Assessed Improvement Value$256,031
Assessment Year2024

About this property

Experience the ultimate Downtown Austin lifestyle in the heart of the iconic West 6th District at Posada Del Rey, a charming Spanish-inspired boutique condominium community surrounded by Austin's vibrant skyline. This exceptional residence offers walkable access to Whole Foods Market, Trader Joe's, Lady Bird Lake Hike & Bike Trail, Seaholm District, Austin Central Library, downtown restaurants, rooftop lounges, coffee shops, fitness studios, live music venues, nightlife, shopping, and major employers. Enjoy a gorgeous resort-style pool, beautifully landscaped courtyards, controlled access, elevator service, assigned garage parking space #136, and true lock-and-leave convenience. Whether starting your day with a walk to Whole Foods, spending the afternoon on the lake, or enjoying Austin's renowned dining and entertainment scene, everything you need is just steps from your front door. Offering a rare combination of location, lifestyle, skyline views, community amenities, and urban convenience, this is an outstanding opportunity to own in one of Downtown Austin's most desirable neighborhoods.

Investor Tools

Property Icon
$380,889
Estimated Property Value
$0Estimated Mortgage Balance
$380,889Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,285 /month
Positive
Cash Flow Estimate:
$762 /month

Interested in this property?

Michael Easter

Compass RE Texas, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$159/month
$567/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$380,889
2024
$220,470
$256,031
$476,501
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$380,889

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$380,889
100%
0%
$0/mo

Learn About the Market: Opportunity in Austin

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Explore

Austin

Austin may be the Live Music Capital of the World, but it’s also one of America’s fastest-growing innovation hubs. Fueled by tech expansion, the University of Texas, state government, and a steady influx of new residents, Austin blends startup energy with Hill Country charm.

From downtown high-rises overlooking Lady Bird Lake to booming suburbs like Round Rock and Leander, the region attracts younger professionals, entrepreneurs, and remote workers seeking opportunity with lifestyle. Austin isn’t just growing — it’s redefining what modern Texas looks like.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.4%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$555,300

Unemployment Rate

Unemployment Rate

3.20%

Price Trend

Price Trend

~0.4% YoY growth

New Permits

New Permits

2,269 units

City: Austin

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505 W 7th ST 308 | Property Details | No Agent List