70 Rainey St Unit #1402, Austin, TX 78701

BOM - Previous buyers were interested solely in leasing out the unit, however there is currently a waitlist for leasing permits for the building. 70 Rainey embodies all that Austin has to offer. This luxurious high-rise offers all the modern conveniences of downtown living, surrounded by award-winning restaurants, shops, lively nightlife and is also just steps away from nature and the Anne and Roy Butler Hike-and-Bike trail. This stunning 2 bedroom, 2 bath southwest corner unit features unparalleled views of Lady Bird Lake, the hill country and the Austin city skyline from all of its floor to ceiling windows. The open floor plan seamlessly connects the living, dining and kitchen areas to create entertaining spaces which open up to a spacious southern facing balcony where breathtaking sunsets can be enjoyed. Sophisticated interior finishes include 7.5 inch wide-plank European oak floors, quartz countertops, marble bathrooms and Miele appliances. The primary bedroom is complete with its en-suite spa-like bathroom featuring dual sinks, large glass-enclosed shower and a walk-in closet. Guests will enjoy waking up to beautiful water and city views from the guest bedroom with its own en-suite bathroom. 70 Rainey offers over31,000 sf of indoor + outdoor private residential amenity space. Exterior amenities include: an infinity-edge pool with an expansive sundeck, hot tub, cold plunge, covered outdoor dining areas with TVs and grills, lush landscaping, a dog park and more. Indoors you’ll find multiple lounge areas, dining spaces, a theater room, fitness center and 24/7 concierge. This unit comes with 2 reserved parking spaces on the first level of residential parking as well as a large storage space.

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.