2 bed, 2 bath, 1,697 sqft on 0.00 acres in Downtown Austin. Austin, TX 78701. $1,695,000. Austin ISD.
About This Home
Positioned high above Rainey Street in one of downtown Austin’s most sought after high rise buildings, this two bedroom residence with a dedicated flex space captures unobstructed views of Lady Bird Lake and the Austin skyline from nearly every room.
Floor to ceiling glass defines the living spaces, pulling in natural light throughout the day while framing the lake, the city, and the energy of downtown Austin below. The layout opens naturally, creating a seamless flow between the kitchen, dining, and living areas, designed for both everyday living and entertaining.
The kitchen is finished with quartz countertops, custom cabinetry, and a full suite of premium appliances, offering both function and a clean, modern aesthetic. Just beyond the main living areas, a separate flex space creates an ideal home office, media space, or quiet retreat.
The primary suite is oriented toward the views, creating a calm, light filled space, while the secondary bedroom offers flexibility for guests or additional use. Custom closet systems have been thoughtfully integrated, including expanded shoe storage and a rotating full length mirror.
Located in the heart of the Rainey Street District, this residence offers immediate access to Austin’s hike and bike trail, top restaurants, nightlife, and waterfront living, all within moments of your front door.
Residents of 70 Rainey enjoy a full service luxury lifestyle with resort style amenities including a rooftop pool, fitness center, sauna, concierge, business lounge, dog park, multiple outdoor gathering spaces, and access to a cold plunge.
This is downtown Austin condo living defined by views, walkability, and a building that continues to set the standard for high rise living in Austin.
Also available for Lease: $7,950/month
Perched 22 stories above Rainey Street in Austin's 78701 zip code, this 1,697 square foot condo at 70 Rainey captures unobstructed views of Lady Bird Lake that ripple through nearly every room. Floor-to-ceiling glass transforms the living experience into something almost liquid, where the boundary between indoor space and the water's surface dissolves. The cool morning light reflects off the lake and floods the kitchen while you brew coffee; by evening, the skyline beyond the water glows against the glass.
The open layout flows naturally from the kitchen to the dining and living areas, a design that mirrors the fluidity of the water itself. Quartz countertops and a full suite of premium appliances including gas cooktop, wine refrigerator, and built-in oven define the cooking space. A dedicated flex room serves as a home office or media retreat, tucked away when you need focus. The primary bedroom faces the lake views directly, while the secondary bedroom offers flexibility for guests.
Location here means stepping out of the building and onto the hike and bike trail that runs along Lady Bird Lake. Rainey Street's restaurant scene sits at street level, and downtown Austin spreads north toward Congress Avenue. For families in Austin ISD, Mathews Elementary, O Henry Middle, and Austin High anchor the district. The 2-car garage handles parking logistics while you're focused on the water view from your 22nd-floor vantage point.
The Downtown Austin building itself operates as an urban resort. Residents access a rooftop pool overlooking that same lake, a fitness center, sauna, cold plunge, dog park, and concierge services. The building's 2018 construction means modern systems and finishes throughout. At $999 per square foot, this pricing sits firmly in Austin's current luxury waterfront segment, where proximity to Lady Bird Lake and the downtown corridor commands premium value.
This is where Austin's aquatic lifestyle translates into everyday living. The sound of water and the quality of light from the lake become part of your home's baseline experience, not a weekend destination.
The numbers behind this insight
- Offered at
- $1,695,000
- Listed
- April 21, 2026
- Asking price per sq ft
- $999
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
- $999
- HOA
- $1,100/mo
- Garage
- 2 spaces
Listing information last updated September 15, 2026.
Listed by Kuper Sotheby's Int'l Realty
MLS# 3344216 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Ceiling-High
- Quartz Counters
- Study
- Home Office
- Built-In Oven(s)
- Dishwasher
- Disposal
- Exhaust Fan
- Gas Cooktop
- Microwave
- Refrigerator
- Wine Refrigerator
- Tile
- Wood
- Heating
- Central
- Cooling
- Central Air
Exterior & Lot
- Balcony
- Slab
- Lot Size
- 0.00 Acres
- Garage
- Garage Spaces
- 2
Financial
- HOA Fee
- $1,100 / mo
- Original List Price
- $1,695,000
- Price per Sq Ft
- $999
Utilities
- Electricity Connected
- Natural Gas 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 #2201, whoever represented it.
- ActiveListed 2026Current price: $1,695,000Original list: $1,695,000MLS 3344216
- Listed · April 21, 2026$1,695,000
- LeasedAugust 30, 2025Asking rent: $8,500/moMLS 5037499
- ExpiredListed 2025Current price: $1,895,000Original list: $1,895,000MLS 9317477
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
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Price & Listing History
Listed with current price, original ask, and market time.
- Current list
- $1,695,000
- Original list
- $1,695,000
- Price movement
- No verified reduction
- Listed / DOM
- Apr 21, 2026 · 197 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $1,490,096
- Assessment Year
- 2025
- Parcel ID
- 000000890545
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-23.0% | — | $1,490,096 | — | — |
2024+33.3% | — | $1,935,745 | $121,980 | $1,493,891 |
2023+41.2% | — | $1,452,406 | $121,980 | $1,813,765 |
2022+2.3% | — | $1,028,974 | $121,980 | $1,330,426 |
2021 | — | $1,005,756 | $60,990 | $967,984 |
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 2026-10-15T21:07:33.311+00:00; normalized from monthly dues.
Illustrative down payment
20% ($339K)
Adjustable assumption - not a lending recommendation.
Home price
$1,695,000
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
$1,695,000
Price per sqft
$999/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
197 days
Original to current
No verified reduction
$1.7M 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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