6 bed, 3 bath, 5,089 sqft on 0.15 acres in Downtown Austin. Austin, TX 78701. $3,500,000. Austin ISD.
About This Home
Description available upon request.
At $688 per square foot, 504 W 7th St delivers 5,089 square feet of single-family space in a part of downtown Austin where large residential properties are hard to find. In Downtown Austin, this six bedroom, three bath, one half bath home sits on a 0.1469 acre lot and offers a scale that stands out in 78701.
This is a 1951 Residential - Single Family Residence in Travis County, and that year built matters. Homes from this era in the original downtown grid often carry a different footprint than newer construction, with broader rooms, more separation of space, and a street presence that feels tied to central Austin rather than a newer infill formula. With 294 days on market, buyers have had time to study the opportunity, which makes the pricing conversation more about fit and long term value than first weekend urgency.
Living at 504 W 7th St means daily access to the city core without giving up the privacy of a standalone home. You are just west of Congress Avenue and close to North Lamar Boulevard, with quick connections to MoPac Expressway and Cesar Chavez Street. Republic Square is nearby for events and green space, and Shoal Creek Trail gives you an easy outdoor route through the center of the city. Whole Foods Market on North Lamar is a short drive away, and the Texas State Capitol is only minutes from the front door. Lady Bird Lake, the hike and bike trail, and the Warehouse District are all within a short reach, which is a major advantage for buyers who want Austin’s business, dining, and recreation anchors close at hand.
The lot size of 0.1469 acres is meaningful in downtown Austin, where land value is a major part of the equation. A six bedroom layout also opens more paths for use, whether the priority is full time living, guest capacity, work from home flexibility, or multigenerational space. School information is not provided in the listing, so buyers should confirm current attendance and eligibility directly through the appropriate public or private sources.
For someone looking at downtown Austin with a long view, 504 W 7th St in Downtown Austin offers size, land, and location in a combination that remains difficult to replace, and that tends to matter more as the urban core continues to tighten.
The numbers behind this insight
- Offered at
- $3,500,000
- Listed
- April 21, 2025
- Price changes
- 1, down 30% from $5,000,000
- Asking price per sq ft
- $688
Keenan Luxury Market Index: $3M-$5M single-family homes across the Austin area sold at a median $732 per sq ft over the trailing 12 months (178 sales), as of November 3, 2026.
Downtown Austin runs from the Colorado River north to the Capitol, bounded by I-35 to the east and Lamar to the west. It is the densest residential market in Central Texas with high-rise condos, historic lofts, and luxury towers concentrated in distinct sub-districts.
The Seaholm District anchors the west end with the Seaholm Residences and the new Google tower reshaping the skyline. Rainey Street sits along the lake's north shore - what was a street of bungalow bars is now flanked by 40-story residential towers including 70 Rainey and The Lakeshore. The Warehouse District between 3rd and 6th Streets draws buyers who want walkable nightlife and restaurant access. Congress Avenue bisects downtown and remains the civic spine connecting the Capitol to the lake.
The Austonian (56 floors), The Independent (58 floors), and 360 Condominiums are the marquee towers. Newer projects like Sixth & Guadalupe and The Republic continue adding inventory. Price points range from $400K studio condos to $5M+ penthouses with lake and Hill Country views.
Walk Score averages 95+. The MetroRail Red Line stops at downtown station. Major employers including the State of Texas, UT Austin, and a growing tech presence (Google, Meta, Apple satellite offices) generate consistent housing demand. Nightlife, dining, live music, and Lady Bird Lake hike-and-bike trail are all within walking distance.
Buyers here are typically professionals, empty nesters downsizing from suburban estates, investors, and out-of-state relocations drawn to Austin's urban core. HOA fees range from $400/month in older buildings to $2,000+ in full-service towers. Most buildings include concierge, pool, fitness center, and secure parking.
School District: Austin ISD
View Downtown Austin neighborhood guide- Property Type
- Residential
- Year Built
- 1951
- Lot Size
- 0.15 acres
- Price / Sq Ft
- $688
Listing information last updated February 9, 2026.
Listed by Jeff Henley Broker
MLS# 8782052 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Facts & Features
Exterior & Lot
- Lot Size
- 0.15 Acres
Financial
- Original List Price
- $5,000,000
- Price per Sq Ft
- $688
Transaction History
2 records on file
Every recorded listing, sale, and lease at 504 W 7th St, whoever represented it.
- ActiveListed 2025Current price: $3,500,000Original list: $5,000,000MLS 8782052
- Price changed · February 6, 2026$3,500,000
- ExpiredListed 2024Current price: $5,000,000Original list: $5,000,000MLS 9250783
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
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Price & Listing History
Price Change with current price, original ask, and market time.
- Current list
- $3,500,000
- Original list
- $5,000,000
- Price movement
- $1.5M reduction
- Listed / DOM
- Apr 21, 2025 · 562 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $3,998,630
- Assessment Year
- 2025
- Year Built
- 1965
- Parcel ID
- 000000199778
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-4.5% | — | $3,998,630 | $3,840,000 | $158,630 |
2024+207.1% | — | $4,188,992 | $2,583,679 | — |
2023+2.7% | — | $1,364,024 | $3,840,000 | $348,992 |
2022+1.7% | — | $1,328,564 | $960,000 | $404,024 |
2021 | — | $1,305,900 | $960,000 | $368,564 |
Zoned Schools
Austin
O Henry
Mathews
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
Illustrative down payment
20% ($700K)
Adjustable assumption - not a lending recommendation.
Home price
$3,500,000
Loan details
Luxury property intelligence
Keenan Market Position
A sourced read on Downtown Austin pricing, timing, and property scale. No automated valuation claim.
List price
$3,500,000
Price per sqft
$688/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
562 days
Original to current
$1.5M reduction
$5M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.
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