70 Rainey St Unit #1306, Austin, TX 78701

Panoramic lake and skyline views. Also for lease. Open kitchen great for entertaining. Spacious primary suite with spa-like bathroom and large custom walk-in closet. Generous balcony. Versatile 2-3 bedroom/study layout with 3 full bathrooms. Walk-in butler's pantry/laundry room with custom cabinets. Large storage locker included. Beautiful resident amenities including abundant outdoor lush garden space, pool, fitness center, party room, theatre and more. Appointment to show required - call or text agent for appointment.

Panoramic lake and skyline views are the defining advantage at 70 Rainey St Unit #1306, a three bedroom, three bath residence in Downtown Austin in Austin, TX 78701, Travis County. At 1,743 square feet and $1.60 million, or $917 per square foot, this is a 2018 condominium positioned for buyers who care about both daily livability and downtown scarcity. The recorded lot allocation is 0.0038 acres, which is typical of an urban high rise where the value is driven by vertical position, building services, and the difficulty of replicating the view line rather than by private land.

The floor plan reads clearly for modern city use. A large open kitchen anchors the main living area and connects well for entertaining without wasting square footage on formal rooms that sit idle. The layout is also flexible in a way buyers notice immediately. While marketed as a three bedroom, it can support a study or secondary lounge function depending on how the next owner wants to live in the space. Three full baths matter here because they keep the plan functional for guests, shared living, or a lock and leave setup that still needs real sleeping capacity.

The primary suite is positioned as a true retreat rather than an afterthought. The bathroom is finished in a spa-like style, and the custom walk-in closet adds practical storage that many downtown units undershoot. Outside, the balcony extends the living space and gives the view real day to day utility instead of making it something you only appreciate from behind glass. A walk-in butler's pantry and laundry room with custom cabinetry is another differentiator. In this segment, utility spaces often determine whether a residence feels resolved or compromised. The included large storage locker adds further value because off-unit storage is one of the first pressure points in condominium living.

Resident amenities broaden the proposition beyond the unit itself, with outdoor garden space, a pool, fitness center, party room, theatre, and additional shared facilities that support full-time occupancy as well as part-time use. After 41 days on market, the opportunity here is not abstract. It is a concrete downtown asset with strong view orientation, a functional floor plan, and the kind of building support that tends to hold relevance over time.

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.