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70 Rainey ST Unit #1207
Austin, TX, 78701
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1 bed, 1 bath, 427 sqft in Downtown Austin. Austin, TX 78701. Last listed at $385,000, sold September 1, 2021. Austin ISD.
Efficiency unit meets high-end luxury living. This M2 floor plan is designed for a simplistic lifestyle in one of the best buildings in Austin. Miele appliances, wide-plank dark flooring, sleek quartz countertops and marble bathroom vanity + walk-in shower. Developed by Sackman Enterprises, Inc. and designed by the notable MARKZEFF, 70 Rainey is set in one of Austin’s most vibrant neighborhoods. Completed in 2019, 70 Rainey is redefining luxury. Over 31,000 square feet of indoor + outdoor resort-style amenities, experience the Rainey lifestyle while taking in the serene environment steps from Lady Bird Lake and the Ann & Roy Butler Hike & Bike Trail. A few of the resort-style amenities include but are not limited to: 24-Hour Concierge | Controlled Access | State-of-the-art gym + steam rooms | Luxurious 10th-floor resident lounge | Heated pool + Spa | Theatre Room | Designated 10th-floor dog park | Outdoor grilling station + kitchen | Multiple fire pit seating areas | Private garden alcoves
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 guideVerified property facts
70 Rainey St Unit #1207 is zoned for Austin ISD with assigned schools: Mathews (elementary), O Henry (middle), Austin (high). School assignments should be verified directly with the district.
70 Rainey St Unit #1207 is a Residential built in 2018 featuring 1 bedrooms, 1 full bathrooms, 427 square feet, 0.00-acre lot.
70 Rainey St Unit #1207 was last listed at $902 per square foot across 427 sqft.
The most recent annual property tax for 70 Rainey St Unit #1207 is $7,333. 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.
70 Rainey St Unit #1207 was last listed at $385,000 and sold on September 1, 2021. The current MLS snapshot shows 211 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.
#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
Listing information last updated September 2, 2021.
Listed by Gottesman Residential R.E.
MLS# 2511081 • Closed
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Properties displayed may be listed or sold by various participants in the MLS.
Listing timeline with current price, original ask, and market time.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-21.7% | — | $394,279 | — | — |
2024+27.2% | — | $503,691 | $28,935 | $392,577 |
2023+23.8% | — | $396,000 | $28,935 | $474,756 |
2022-2.8% | — | $319,999 | $28,935 | $367,065 |
2021 | — | $329,343 | $14,468 | $305,531 |
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 and home insurance. Each requires verified amount, cadence or unit, source, and as-of details.
HOA source: MLS Grid / Unlock MLS, as of 2026-04-25T02:51:50.833075+00:00; normalized from monthly dues.
20% ($77K)
Adjustable assumption - not a lending recommendation.
$385,000
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List price
$385,000
Price per sqft
$902/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
Not available
Original to current
No verified reduction
$385K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Apr 25, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
70 Rainey St Unit #1207 was built in 2018, making it 8 years old with relatively recent construction.
The MLS listing reports HOA or association dues of $304 monthly for 70 Rainey St Unit #1207. 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.
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.
Source: Keenan Group at Compass Real Estate, #1 Austin Board of Realtors Team (2024)
Homes sold by Keenan Group.
| Address | Offered At |
|---|---|
| 40 N Interstate 35 Unit #8B2 | $475K |
| 40 N Interstate 35 #5C3 | $500K |
| 603 Davis St #1106 | $298K |
| 54 Rainey St #Ph13 | $420K |
7 events on record
Current Price
$385,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-21.7% | — | $394,279 | — | — |
2024+27.2% | — | $503,691 | $28,935 | $392,577 |
2023+23.8% | — | $396,000 | $28,935 | $474,756 |
2022-2.8% | — | $319,999 | $28,935 | $367,065 |
2021 | — | $329,343 | $14,468 | $305,531 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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Neighborhood guide and local insights
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.
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