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1 bed, 1 bath, 837 sqft in Downtown Austin. Austin, TX 78701. Last listed at $519,000, sold October 8, 2025. Austin ISD.
About This Home
The iconic 70 Rainey condos, where luxury and Austin collide. This 1b/1b is the perfect blend of work from home and enough space for a couple to live. . Spanning 837 square feet and built in 2018, this tower epitomizes of modern living. High-end Miele appliances, electric blinds, duel vanity, with every every angle thoughtfully designed. Looking for the best of both worlds when living on Rainey. A short quick walk to the Roy & Ann Butler trail, and an even shorter walk to the entertainment of Rainey and elevated dining experiences. Unparalleled amenities that include 24/7 concierge, infinity pool with the postcard Congress Bridge view, cabana and sun soaked lounging, a BBQ area for entertaining, a state-of-the-art gym, and a dry sauna and cold plunge, finally enjoy movie nights in the building's own theater. Only 162 units in the building, making this boutique tower the prize jewel of Rainey. Located in the heart of Austin on the east side of downtown, you’ll be steps away from the vibrant city life while having a tranquil retreat to call your home. ***This unit has a tenant in place till 11/30/2025
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
- Price / Sq Ft
- $620
- HOA
- $868/mo
- Garage
- 1 spaces
- Pool
- Yes
Listing information last updated October 8, 2025.
Listed by Urbanspace
MLS# 2807731 • Closed
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Properties displayed may be listed or sold by various participants in the MLS.
Highlights
Facts & Features
Interior
- Breakfast Bar
- Ceiling Fan(s)
- Quartz Counters
- No Interior Steps
- Walk-In Closet(s)
- Built-In Oven(s)
- Convection Oven
- Dishwasher
- Disposal
- Dryer
- Gas Cooktop
- Microwave
- Refrigerator
- Washer
- Tile
- Wood
- Heating
- Electric
- Cooling
- Central Air
Exterior & Lot
- Balcony
- Dog Run
- Outdoor Grill
- Concrete
- Glass
- Combination
- Patio
- Roof
- Concrete
- Reserved
- Garage Spaces
- 1
- Pool
- Yes
Financial
- HOA Fee
- $868 / mo
- Original List Price
- $549,000
- Price per Sq Ft
- $620
Utilities
- Electricity Connected
- Natural Gas Connected
- Water Connected
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 70 Rainey ST Unit #2505, whoever represented it.
- SoldOctober 8, 2025Listed at: $549,000MLS 2807731
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
Listing timeline with current price, original ask, and market time.
- Current list
- $519,000
- Original list
- $549,000
- Price movement
- $30K reduction
- Listed / DOM
- Aug 4, 2025
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $631,090
- Assessment Year
- 2025
- Year Built
- 2018
- Parcel ID
- 000000890572
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-22.6% | — | $631,090 | — | — |
2024+32.9% | — | $815,346 | $57,458 | $631,108 |
2023+3.2% | — | $613,381 | $57,458 | $757,888 |
2022+20.6% | — | $594,330 | $57,458 | $555,923 |
2021 | — | $492,796 | $28,730 | $565,600 |
Zoned Schools
Austin
O Henry
Maplewood
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 2026-04-25T02:51:50.833075+00:00; normalized from monthly dues.
Illustrative down payment
20% ($104K)
Adjustable assumption - not a lending recommendation.
Home price
$519,000
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
$519,000
Price per sqft
$620/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
Not available
Original to current
$30K reduction
$549K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Apr 25, 2026.
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