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70 Rainey ST Unit #2701
Austin, TX, 78701
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$2,999,000
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Where understated elegance meets modern luxury, this exceptional residence offers breathtaking panoramic views of Lady Bird Lake and the downtown Austin skyline. Located just steps from the Butler Hike and Bike Trail, this three-bedroom home with a bonus den/office wraps the entire southern end of the building, featuring floor-to-ceiling windows that capture the beauty of sunrise to sunset.
The open-concept layout seamlessly connects the living, dining, and kitchen areas, extending to a spacious patio ideal for outdoor entertaining. The east-facing primary suite includes a cozy seating area and a spa-like bathroom with dual vanities, a soaking tub, a glass-enclosed shower, and a custom walk-in closet. Smart home automation features include built-in speakers and motorized shades throughout. This residence includes three reserved parking spaces conveniently located on the first level of residential parking.
Residents of 70 Rainey enjoy over 31,000 square feet of private indoor and outdoor amenities, including an infinity-edge pool with sundeck, hot tub, cold plunge, outdoor dining areas with TVs and grills, lush landscaping, and a dog park. Indoor spaces offer multiple lounges, private dining areas, a theater room, a state-of-the-art fitness center, and 24/7 concierge service.
Property Type
Residential
Year Built
2018
Lot Size
0.01 acres
$/Sq Ft
$1,052
HOA
$3022/mo
Garage
3 spaces
Listed by Compass RE Texas, LLC
Verified property facts
70 Rainey ST Unit #2701 is listed at $2,999,000 with 3 bedrooms, 3 full bathrooms, 2,851 square feet, 0.01-acre lot. This places it above the 78701 median of $632,500.
70 Rainey ST Unit #2701 is zoned for Austin ISD with assigned schools: Mathews (10/10) (elementary), O Henry (middle), Austin (7/10) (high). School assignments should be verified directly with the district.
70 Rainey ST Unit #2701 is in Downtown Austin, Austin, Texas. See the full [Downtown Austin neighborhood guide](/neighborhoods/downtown-austin) for market data, schools, and lifestyle details.
70 Rainey ST Unit #2701 is a Residential built in 2018 featuring 3 bedrooms, 3 full bathrooms, 2,851 square feet, 0.01-acre lot.
70 Rainey ST Unit #2701 is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
Pending 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 |
|---|---|---|---|---|
2025-26.5% | — | $2,335,370 | — | — |
2024-1.2% | — | $3,176,374 | $201,090 | $2,321,815 |
2023+53.2% | — | $3,215,861 | $201,090 | $2,975,284 |
2022-5.6% | — | $2,099,557 | $201,090 | $3,014,771 |
2021 | — | $2,225,085 | $100,545 | $1,999,012 |
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% ($600K)
$2,999,000
Luxury property intelligence
A sourced read on Downtown Austin pricing, timing, and property scale. No automated valuation claim.
List price
$2,999,000
Price per sqft
$1,052/sqft
Vs. Downtown Austin median
+242.7%
$875K median
Days on market
242 days
Original to current
No verified reduction
$3M original
Active inventory context
Ask for current inventory
Price Position in Downtown Austin
Listed 243% above the Downtown Austin median
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 5, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
70 Rainey ST Unit #2701 is priced at $1,052 per square foot across 2,851 sqft. The Downtown Austin median list price is $875,000.
The most recent annual property tax for 70 Rainey ST Unit #2701 is $46,283. 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.
With 20% down ($599,800) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 70 Rainey ST Unit #2701 is around $19,418 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $2,999,000, 70 Rainey ST Unit #2701 is in the Downtown Austin market where there are currently 221 active listings in 78701. The Keenan Group has completed 10 transactions in 78701 as part of 1,000+ career sales totaling $1B+ across Austin. For a detailed market analysis, see our [Downtown Austin guide](/neighborhoods/downtown-austin).
70 Rainey ST Unit #2701 was built in 2018, making it 8 years old with relatively recent construction.
70 Rainey ST Unit #2701 includes verified waterfront access: None. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
70 Rainey ST Unit #2701 is part of a managed community with HOA dues of $3,022 monthly. HOA-managed communities in Austin's luxury market typically provide amenities such as common areas, security, and exterior maintenance. Verify current dues and rules with the HOA directly.
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.
8 events on record
Current Price
$2,999,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-26.5% | — | $2,335,370 | — | — |
2024-1.2% | — | $3,176,374 | $201,090 | $2,321,815 |
2023+53.2% | — | $3,215,861 | $201,090 | $2,975,284 |
2022-5.6% | — | $2,099,557 | $201,090 | $3,014,771 |
2021 | — | $2,225,085 | $100,545 | $1,999,012 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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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