505 W 7th St Unit #114, Austin, TX 78701

Welcome to Posada Del Rey, a hidden gem in the heart of Downtown Austin. This charming 1-bedroom, 1-bath condo blends Old World character with modern convenience, featuring Saltillo tile floors, Spanish tile accents, and an updated kitchen with ample storage. Tucked away on a quiet side street backing up to a historic district, this condo offers a peaceful retreat while keeping you steps from the vibrant energy of the city. HOA monthly payment INCLUDES all Gas, Water and Trash, plus building insurance, property management, and maintenance for building structure, landscaping and swimming pool. Garage Parking spot is #76 Underground. On-site laundry facility in common area.

This first floor unit offers two entrances into the unit: one entry from the gated courtyard and a second entrance off the unit's rear patio along 7th Street for added convenience.

The beautifully landscaped courtyard, rustic walkways, and fountains create a tranquil setting, while the community pool, BBQ pits, and inviting outdoor spaces make it easy to relax and connect with neighbors. This low-rise condo unit offers also offers a gated covered garage with one assigned parking spot and underground communal storage. The walkability is unbeatable with easy access to Lady Bird Lake Trail, West 6th Street, top restaurants, coffee shops, grocery stores and boutique fitness studios. Dine at Ranch 616 only steps away from your back door or grab organic groceries at Whole Foods and treasure hunt for snacks at Trader Joe's.

Experience the perfect blend of Spanish-Colonial charm and urban convenience—schedule a showing today!

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.