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70 Rainey ST Unit #1506
Austin, TX, 78701
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This luxurious, fully furnished 3-bedroom, 3-bathroom residence at the coveted 70 Rainey epitomizes elegance and modernity, featuring two isolated parking spaces close to the elevator. From the moment you enter, bespoke finishes and panoramic views of Lady Bird Lake greet you. European wide-plank white oak floors lead you through the residence, past floor-to-ceiling windows that bathe the space in natural light. The open floor plan seamlessly integrates living areas with a spacious outdoor terrace, ideal for entertaining. A chef’s kitchen boasts state-of-the-art Miele appliances, sleek quartz countertops, and ample storage. The expansive primary suite offers stunning city views and a spa-like bathroom with dual vanities, a deep soaking tub, marble-tiled shower, and a custom-built walk-in closet. A generously sized guest bedroom features an en-suite bathroom. The condo also includes a versatile den, perfect as a home office or extra bedroom, and a large utility room equipped with a full-sized washer and dryer. This residence promises an unmatched blend of luxury and convenience in a prestigious setting. 70 Rainey redefines luxury living in downtown Austin with its 173 high-rise residences designed by Page and developed by Sackman Enterprises. This iconic tower offers over 51,000 square feet of private amenities, including a rooftop garden with an infinity pool, cabanas, lush green spaces, and more, all overlooking Lady Bird Lake and the cityscape.
Property Type
Residential Lease
Year Built
2018
Lot Size
0.00 acres
$/Sq Ft
$5
Garage
2 spaces
Listed by Soco Advisory Group
Verified property facts
70 Rainey ST Unit #1506 is listed at $8,750 with 3 bedrooms, 3 full bathrooms, 1,743 square feet, 0.00-acre lot.
70 Rainey ST Unit #1506 is zoned for Austin ISD with assigned schools: Mathews (10/10) (elementary), O Henry (middle), Austin (7/10) (high). School assignments should be verified directly with the district.
70 Rainey ST Unit #1506 is a Residential Lease built in 2018 featuring 3 bedrooms, 3 full bathrooms, 1,743 square feet, 0.00-acre lot.
70 Rainey ST Unit #1506 is listed by Soco Advisory Group. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Apr 25, 2026.
70 Rainey ST Unit #1506 is priced at $5 per square foot across 1,743 sqft. The Downtown Austin neighborhood guide reference price is $875,000 (Downtown Austin neighborhood guide · reference price).
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Property Details
Features
Appliances
Flooring
Features
Construction
Parking
Waterfront
1 record on file
Every recorded listing, sale, and lease at 70 Rainey ST Unit #1506, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
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 |
|---|---|---|---|---|
2025-22.7% | — | $1,494,911 | — | — |
2024+33.2% | — | $1,932,896 | $123,863 | $1,508,523 |
2023+13.7% | — | $1,450,818 | $123,863 | $1,809,033 |
2022+7.0% | — | $1,275,655 | $123,863 | $1,326,955 |
2021 | — | $1,191,835 | $61,932 | $1,213,723 |
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. Ratings from GreatSchools.org.
20% ($2K)
Adjustable assumption - not a lending recommendation.
$8,750
Luxury property intelligence
A sourced read on Downtown Austin pricing, timing, and property scale. No automated valuation claim.
List price
$8,750
Price per sqft
$5/sqft
Vs. Neighborhood guide reference price
-99.0%
$875K · Downtown Austin neighborhood guide · reference price
Days on market
Not available
Original to current
$1.3K reduction
$10K original
Active inventory context
Ask for current inventory
Price Position in Downtown Austin
Listed 99% below the Downtown Austin neighborhood guide reference price. Downtown Austin neighborhood guide · reference price.
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
This page does not assume a mortgage rate or publish a monthly payment for 70 Rainey ST Unit #1506. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Apr 25, 2026, 70 Rainey ST Unit #1506 is offered at $8,750. The current MLS snapshot shows 213 active listings in 78701. Keenan Group has completed 11 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.
70 Rainey ST Unit #1506 was built in 2018, making it 8 years old with relatively recent construction.
The MLS listing marks 70 Rainey ST Unit #1506 as waterfront. The reported waterfront feature is Lake Front. Confirm shoreline access, dock rights, and floodplain status from current property documents during due diligence.
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)
Very Walkable
Good Transit
Biker's Paradise
Walk Score measures walkability based on distance to amenities. Transit Score measures public transportation access. Bike Score measures bikeability based on bike infrastructure and terrain.
5 events on record
Current Price
$8,750
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-22.7% | — | $1,494,911 | — | — |
2024+33.2% | — | $1,932,896 | $123,863 | $1,508,523 |
2023+13.7% | — | $1,450,818 | $123,863 | $1,809,033 |
2022+7.0% | — | $1,275,655 | $123,863 | $1,326,955 |
2021 | — | $1,191,835 | $61,932 | $1,213,723 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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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