2 bed, 2 bath, 1,128 sqft on 0.00 acres in Downtown Austin. Austin, TX 78701. $693,500. Austin ISD.
About This Home
Discover downtown Austin living in this spacious 2 bedroom, 2 full bath condo at 70 Rainey Residences. Check out the video here: https://youtu.be/NplTejLt7vI. With 1,128 sqft and a northeast-facing orientation, the unit captures gentle morning light and vibrant city views. The efficient open layout provides comfortable living and dining space, two well-proportioned bedrooms, and two full baths — ideal for owners, professionals, or investors. Located in the heart of Rainey Street, enjoy immediate access to restaurants, nightlife, parks, and Austin’s central business district. Building amenities and on-site conveniences make city living effortless. Schedule a showing today to experience this exceptional downtown opportunity!
Walking into Downtown Austin on Rainey Street puts you in the center of Austin's most walkable downtown corridor, where your only decision each morning is which restaurant or coffee shop to visit within a three-block radius. Unit 1509 sits 15 stories above the street noise, offering a northeast-facing vantage point that captures morning light across Lady Bird Lake and the downtown skyline without the afternoon heat that plagues south and west exposures.
The arrival experience defines high-rise living here. A staffed concierge handles packages, arrange services, and manage visitor access, turning the building lobby into your personal reception desk. A secured entry system and 24-hour surveillance mean you leave for Dell, Apple, or any of the major tech campuses along the I-35 corridor with complete peace of mind. Your assigned one-car garage sits directly below, eliminating the hunt for street parking that defines so much of downtown living.
Inside unit 1509, the 1,128 square feet unfolds with genuine efficiency rather than compromise. Quartz and stone countertops anchor the kitchen, which features gas cooking and an open sightline to the living and dining zones. Recessed lighting and ceiling fans throughout provide the quiet comfort of a well-designed residential hotel. The primary bedroom claims its own space with a walk-in closet and separate bathroom. A second bedroom works equally well as guest quarters or home office, each served by its own full bath.
The building's private pool, landscaped grounds, and covered patio transform the rooftop into a lifestyle amenity. Rather than maintaining a house, you maintain a key card and monthly HOA fees. Rainey Street's proximity to Mathews Elementary (GreatSchools 10/10) within Austin ISD means families have legitimate school options without leaving downtown. The Austin High School campus sits just north, serving the broader district.
At $708 per square foot, you're purchasing lock-and-leave convenience in a building that never sleeps and never needs you to. Rainey Street itself has evolved from novelty bar row into a mixed-use neighborhood where residents outnumber tourists. The 2018 construction means modern systems, reliable building infrastructure, and another 25+ years before major capital improvements become pressing concerns. Downtown Austin continues to densify, and owning in this address means holding ground in the city's actual center.
The numbers behind this insight
- Offered at
- $693,500
- Listed
- February 26, 2026
- Price changes
- 4, down 13.2% from $799,000
- Asking price per sq ft
- $615
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 guide- Property Type
- Residential
- Year Built
- 2018
- Lot Size
- 0.00 acres
- Price / Sq Ft
- $615
- HOA
- $1,201.49/mo
- Garage
- 1 spaces
- Pool
- Yes
Listing information last updated October 8, 2026.
Listed by eXp Realty, LLC
MLS# 7579708 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Ceiling Fan(s)
- Quartz Counters
- Stone Counters
- Primary Bedroom on Main
- Recessed Lighting
- Walk-In Closet(s)
- Gas Cooktop
- Gas Range
- Microwave
- Tile
- Wood
- Heating
- Central
- Cooling
- Ceiling Fan(s),Central Air
Exterior & Lot
- Balcony
- Concrete
- Glass
- Metal Siding
- Landscaped
- Covered
- Patio
- Lot Size
- 0.00 Acres
- Private
- Reserved
- Garage Spaces
- 1
- Pool
- Yes
Financial
- HOA Fee
- $1,201 / mo
- Original List Price
- $799,000
- Price per Sq Ft
- $615
Utilities
- Electricity Connected
- Sewer Connected
- Water Connected
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
3 records on file
Every recorded listing, sale, and lease at 70 Rainey ST Unit #1509, whoever represented it.
- ActiveListed 2026Current price: $693,500Original list: $799,000MLS 7579708
- Listed · February 26, 2026$799,000
- Price changed · May 30, 2026$735,000
- Price changed · July 26, 2026$725,000
- Price changed · August 20, 2026$695,000
- Price changed · October 4, 2026$693,500
- WithdrawnListed 2025Current price: $955,000Original list: $985,000MLS 9991343
- WithdrawnListed 2025Asking rent: $5,500/moOriginal asking rent: $5,500/moMLS 7667633
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Explore this area
Price & Listing History
Price Change with current price, original ask, and market time.
- Current list
- $693,500
- Original list
- $799,000
- Price movement
- $105.5K reduction
- Listed / DOM
- Feb 26, 2026 · 251 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $976,344
- Assessment Year
- 2025
- Year Built
- 2018
- Parcel ID
- 000000890489
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+16.9% | — | $976,344 | $78,000 | — |
2024-12.1% | — | $835,000 | $78,000 | $984,499 |
2023+18.7% | — | $949,856 | $78,000 | $757,000 |
2022-2.9% | — | $800,000 | $78,000 | $871,856 |
2021 | — | $824,107 | $39,000 | $761,000 |
Virtual Tour

Zoned Schools
Austin
O Henry
Mathews
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 2026-10-16T06:07:09.907+00:00; normalized from monthly dues.
Illustrative down payment
20% ($139K)
Adjustable assumption - not a lending recommendation.
Home price
$693,500
Loan details
Luxury property intelligence
Keenan Market Position
A sourced read on Downtown Austin pricing, timing, and property scale. No automated valuation claim.
List price
$693,500
Price per sqft
$615/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
251 days
Original to current
$105.5K reduction
$799K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 16, 2026.
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