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Keenan Group#1 Austin Board of Realtors Team 2024

$265,000

1Beds
1Baths
615Sq Ft
0.01 acresLot

505 W 7th St Unit #115, Austin, TX 78701

Reduced 16%$315,000
Downtown Austin·MLS# 5384911·Built 1964·139 days on market

1 bed, 1 bath, 615 sqft on 0.01 acres in Downtown Austin. Austin, TX 78701. $265,000. Austin ISD.

About This Home

Experience the best of downtown Austin living in this beautifully maintained one-story corner condominium, ideally located in the heart of the city. Offering exceptional walkability to Austin’s premier dining, entertainment, shopping, and cultural destinations, this residence combines urban convenience with a welcoming community atmosphere. This rare corner unit enjoys natural light from three sides and features only one shared wall, creating a bright, private, and comfortable living environment.

Inside, you'll find an open-concept layout with timeless finishes, including granite countertops throughout, durable tile flooring, and tile baseboards that make maintenance effortless. The spacious bedroom, inviting living area, and well-appointed kitchen provide a functional and stylish space for everyday living. Residents enjoy secure key-fob access, gated entry, and reserved underground parking for added peace of mind. The intimate community offers a true neighborhood feel with a beautifully landscaped courtyard, resort-style pool, and outdoor grilling areas perfect for relaxing or entertaining. Additional conveniences include on-site laundry facilities and newly installed energy-efficient windows that enhance comfort and efficiency.

Whether you're seeking a full-time residence, lock-and-leave lifestyle, or downtown retreat, this move-in-ready condo delivers privacy, security, and unbeatable access to everything Austin has to offer. A rare find in Austin, this community allows rentals with a minimum 30-day lease term, offering added flexibility for owners seeking a furnished or mid-term rental opportunity.

Property Type
Residential
Year Built
1964
Lot Size
0.01 acres
Price / Sq Ft
$431
HOA
$571/mo
Garage
1 spaces

Listing information last updated November 2, 2026.

Listed by Keller Williams Realty

MLS# 5384911 • Active

IDX inquiries: Keenan Group at Compass · (512) 415-7653

Highlights

1-car garage with additional parking capacity
Ceiling Fan(s)
Natural Woodwork
No Interior Steps
Open Floorplan
Primary Bedroom on Main

Facts & Features

Interior

Features

  • Ceiling Fan(s)
  • Natural Woodwork
  • No Interior Steps
  • Open Floorplan
  • Primary Bedroom on Main
  • Walk-In Closet(s)

Appliances

  • Dishwasher
  • Disposal
  • Freezer
  • Ice Maker
  • Microwave
  • Free-Standing Gas Oven
  • Free-Standing Gas Range
  • Refrigerator
  • Stainless Steel Appliance(s)

Flooring

  • Tile
Heating
Central,Electric
Cooling
Central Air,Electric
Exterior & Lot

Features

  • Barbecue
  • Uncovered Courtyard
  • Exterior Steps
  • Garden
  • Gas Grill
  • Outdoor Grill
  • Private Entrance
  • Restricted Access

Construction

  • Stucco

Lot Features

  • City Lot
  • Corner Lot
  • Native Plants
  • Trees-Moderate

Fencing

  • Security
  • Wrought Iron

Foundation

  • Slab

Patio / Porch

  • Covered
  • Front Porch
  • Rear Porch
Roof
Concrete
Lot Size
0.01 Acres

Parking

  • Assigned
  • Garage
  • Garage Door Opener
  • Reserved
Garage Spaces
1
Financial
HOA Fee
$571 / mo
Original List Price
$315,000
Price per Sq Ft
$431
Utilities
  • Electricity Available
Water Source
Public
Sewer
Public Sewer

Transaction History

1 record on file

Every recorded listing, sale, and lease at 505 W 7th ST Unit #115, whoever represented it.

  1. ActiveListed 2026
    Current price: $265,000Original list: $315,000MLS 5384911
    1. Listed · June 18, 2026$315,000
    2. Price changed · September 1, 2026$300,000
    3. Price changed · September 23, 2026$285,000
    4. Price changed · October 24, 2026$265,000

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.

View Timeline
Current list
$265,000
Original list
$315,000
Price movement
$50K reduction
Listed / DOM
Jun 18, 2026 · 139 days

Tax Record

Public record data from county appraisal records. Market value can differ from assessed value.

Assessed Value
$389,909
Assessment Year
2025
Year Built
1964
Parcel ID
000000194201
$420K
$256K
$255,961
2021
$255,529
-0.2% from prev
2022
$368,748
+44.3% from prev
2023
$420,382
+14.0% from prev
2024
$389,909
-7.2% from prev
2025
YearTaxesTotal AssessmentLandAdditions
2025-7.2%
—$389,909——
2024+14.0%
—$420,382$190,550$231,273
2023+44.3%
—$368,748$190,550$229,832
2022-0.2%
—$255,529$87,653$281,095
2021
—$255,961$87,653$167,876
5-Year Change52.3%

Virtual Tour

Virtual tour of 505 W 7th St Unit #115
Map showing 505 W 7th ST Unit #115
505 W 7th ST Unit #115
Directions

Zoned Schools

Austin ISD →

1 High School1 Middle School1 Elementary School

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.

Principal & interest
$1,445
HOA dues
$571

Excluded from this estimate: property taxes and home insurance. Each requires verified amount, cadence or unit, source, and as-of details.

HOA source: MLS Grid / Unlock MLS, as of 2026-11-02T22:08:32.413+00:00; normalized from monthly dues.

Illustrative down payment

20% ($53K)

Adjustable assumption - not a lending recommendation.

Home price

$265,000

Loan: $212K

Loan details

Mortgage rate%
Payoff: ~2056
Rate source: Freddie Mac 30-year fixed average (PMMS via FRED), as of 2026-10-29
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Keenan Market Position

A sourced read on Downtown Austin pricing, timing, and property scale. No automated valuation claim.

List price

$265,000

Price per sqft

$431/sqft

Vs. Neighborhood guide reference price

Not available

Days on market

139 days

Original to current

$50K reduction

$315K original

Active inventory context

Ask for current inventory

Source: MLS Grid / Unlock MLS and Keenan Group review as of Nov 2, 2026.

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Frequently Asked Questions

How much is 505 W 7th St Unit #115?

505 W 7th St Unit #115 is listed at $265,000 with 1 bedrooms, 1 full bathrooms, 615 square feet, 0.01-acre lot.

What school district is 505 W 7th St Unit #115 in?

505 W 7th St Unit #115 is zoned for Austin ISD with assigned schools: Mathews (elementary), O Henry (middle), Austin (high). School assignments should be verified directly with the district.

What are the property details for 505 W 7th St Unit #115?

505 W 7th St Unit #115 is a Residential built in 1964 featuring 1 bedrooms, 1 full bathrooms, 615 square feet, 0.01-acre lot.

What are the property taxes for 505 W 7th St Unit #115?

The most recent annual property tax for 505 W 7th St Unit #115 is $6,064. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.

How should a buyer estimate the monthly payment for 505 W 7th St Unit #115?

This page does not assume a mortgage rate or publish a monthly payment for 505 W 7th St Unit #115. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.

How does 505 W 7th St Unit #115 compare with other homes in Downtown Austin?

As of Nov 2, 2026, 505 W 7th St Unit #115 is offered at $265,000. The current MLS snapshot shows 202 active listings in 78701. Keenan Group has completed 12 verified transactions in 78701 within its 1,000+ completed transactions and $1B+ career volume across Austin. See Keenan Group's Downtown Austin guide for current neighborhood analysis.

When was 505 W 7th St Unit #115 built?

505 W 7th St Unit #115 was built in 1964 (62 years ago). Buyers should budget for potential updates to major systems.

What is the community structure at 505 W 7th St Unit #115?

The MLS listing reports HOA or association dues of $571 monthly for 505 W 7th St Unit #115. It does not establish included amenities, services, rules, reserves, or current assessments; verify those items in current association documents.

Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.

What should buyers know about Downtown Austin?

Downtown Austin is one of Austin's established neighborhoods, zoned for Austin ISD in the 78701 area. The Keenan Group has specialized in Downtown Austin real estate for 25+ years with 1,000+ career transactions. Contact (512) 415-7653 for current market conditions and available homes.

  • Downtown Austin area specialists
  • Austin ISD zoning
  • #1 Austin Board of Realtors Team 2024
  • 25+ years Austin luxury real estate

Source: Keenan Group at Compass Real Estate, #1 Austin Board of Realtors Team (2024)

Why Choose the #1 Austin Board Team for Downtown Austin

#1 ABoR Team 20241,000+ Career SalesCompass Luxury Collection Specialist

#1 Austin Board of Realtors Team. 1,000+ homes sold and $1B+ in career sales over 25+ years in Austin.

25+ years advising buyers and sellers in this community

Unlock MLSMLS GRID

Listing courtesy of Unlock MLS as distributed by MLS GRID. Information deemed reliable but not guaranteed. Neither the listing broker nor Compass RE Texas, LLC shall be responsible for any typographical errors, misinformation, or misprints.

IDX information is provided exclusively 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. The data is deemed reliable but is not guaranteed by MLS GRID. Use of MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS, as amended from time to time.

Based on information submitted to MLS GRID as of 11/2/2026, 4:08:32 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Use or search of this IDX data by anyone other than a consumer looking to purchase real estate is prohibited. Automated collection, scraping, republication, or redistribution of MLS listing data is prohibited.

Keenan Luxury Market Index figures and Keenan Group sales counts are published under CC BY 4.0 and may be reused with attribution to Keenan Group at Compass. Methodology and citation format: thekeenangroup.com/the-source/keenan-luxury-market-index-methodology.

Last updated: 11/2/2026, 4:08:32 PM

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