2 bed, 2 bath, 1,128 sqft on 0.00 acres in Downtown Austin. Austin, TX 78701. $693,500. Austin ISD.
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.
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 #1509 is listed at $693,500 with 2 bedrooms, 2 full bathrooms, 1,128 square feet, 0.00-acre lot. This places it above the ZIP 78701 single-family, condominium, and townhouse closed-sale median price of $635,625 (ZIP 78701 geography · single-family, condominium, and townhouse closed sales · median sale price · trailing 12 months as of Oct 15, 2026).
70 Rainey St Unit #1509 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 #1509 is a Residential built in 2018 featuring 2 bedrooms, 2 full bathrooms, 1,128 square feet, 0.00-acre lot.
The most recent annual property tax for 70 Rainey St Unit #1509 is $19,981. 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.
#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 October 8, 2026.
Listed by eXp Realty, LLC
MLS# 7579708 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
3 records on file
Every recorded listing, sale, and lease at 70 Rainey ST Unit #1509, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Price Change 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+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 |

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 2026-10-15T09:47:05.381+00:00; normalized from monthly dues.
20% ($139K)
Adjustable assumption - not a lending recommendation.
$693,500
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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
231 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 15, 2026.
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This page does not assume a mortgage rate or publish a monthly payment for 70 Rainey St Unit #1509. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Oct 15, 2026, 70 Rainey St Unit #1509 is offered at $693,500. 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. See Keenan Group's Downtown Austin guide for current neighborhood analysis.
70 Rainey St Unit #1509 was built in 2018, making it 8 years old with relatively recent construction.
The MLS listing reports HOA or association dues of $1,201 monthly for 70 Rainey St Unit #1509. 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.
16 events on record
Current Price
$693,500
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| 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 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
| Address | Offered At |
|---|---|
| 1812 West Ave Unit #202 | $650K |
| 40 N Interstate 35 Unit #8B2 | $475K |
| 40 N Interstate 35 #5C3 | $500K |
| 54 Rainey St #Ph13 | $420K |
| 555 East 5th ST Unit #2809 | $795K |
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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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