#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024
1 bed, 1 bath, 663 sqft on 0.00 acres in Downtown Austin. Austin, TX 78701. $499,990. Austin ISD.
Experience elevated downtown living in the heart of Austin’s vibrant Rainey Street District. This stylish 1-bedroom, 1-bath residence features soaring high ceilings, an open-concept layout, and floor-to-ceiling windows that fill the space with natural light, creating an airy and spacious feel rarely found in one-bedroom downtown condominiums. Enjoy partial water views from the living area, adding a sense of openness and connection to Austin’s iconic waterfront setting. The thoughtfully designed interior offers a seamless flow between living, dining, and kitchen spaces—ideal for both everyday living and entertaining. Residents enjoy access to full-service luxury amenities, including a resort-style pool, state-of-the-art fitness center, resident lounge, and 24-hour concierge services. Step outside and you’re moments from Lady Bird Lake trails, renowned dining, nightlife, and downtown employers. This home is ideal for professionals, urban lifestyle buyers, or investors seeking a premier downtown location with low-maintenance living. Seller financing may be available with acceptable terms. Inquire for details. A rare opportunity to combine location, partial water views, high ceilings, and flexible purchase options in today’s interest-rate environment.
Verified property facts
70 Rainey ST Unit #2203 is listed at $499,990 with 1 bedrooms, 1 full bathrooms, 663 square feet, 0.00-acre lot.
70 Rainey ST Unit #2203 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 #2203 is a Residential built in 2018 featuring 1 bedrooms, 1 full bathrooms, 663 square feet, 0.00-acre lot.
70 Rainey ST Unit #2203 is listed by Keller Williams Realty. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Sep 25, 2026.
70 Rainey ST Unit #2203 is priced at $754 per square foot across 663 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
4 records on file
Every recorded listing, sale, and lease at 70 Rainey ST Unit #2203, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Listed 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 |
|---|---|---|---|---|
2025-22.6% | — | $515,368 | — | — |
2024+32.9% | — | $665,647 | $47,175 | $514,804 |
2023-2.3% | — | $500,835 | $47,175 | $618,472 |
2022+4.9% | — | $512,557 | $47,175 | $453,660 |
2021 | — | $488,680 | $23,588 | $488,969 |
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% ($100K)
Adjustable assumption - not a lending recommendation.
$499,990
Luxury property intelligence
A sourced read on Downtown Austin pricing, timing, and property scale. No automated valuation claim.
List price
$499,990
Price per sqft
$754/sqft
Vs. Neighborhood guide reference price
-42.9%
$875K · Downtown Austin neighborhood guide · reference price
Days on market
16 days
Original to current
No verified reduction
$500K original
Active inventory context
Ask for current inventory
Price Position in Downtown Austin
Listed 43% 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 Sep 25, 2026.
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Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
The most recent annual property tax for 70 Rainey ST Unit #2203 is $8,198. 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.
This page does not assume a mortgage rate or publish a monthly payment for 70 Rainey ST Unit #2203. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Sep 25, 2026, 70 Rainey ST Unit #2203 is offered at $499,990. The current MLS snapshot shows 219 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 #2203 was built in 2018, making it 8 years old with relatively recent construction.
The MLS listing reports HOA or association dues of $704 monthly for 70 Rainey ST Unit #2203. 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)
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.
11 events on record
Current Price
$499,990
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-22.6% | — | $515,368 | — | — |
2024+32.9% | — | $665,647 | $47,175 | $514,804 |
2023-2.3% | — | $500,835 | $47,175 | $618,472 |
2022+4.9% | — | $512,557 | $47,175 | $453,660 |
2021 | — | $488,680 | $23,588 | $488,969 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
Comparable homes that recently closed in this area
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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