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2 bed, 3 bath, 1,743 sqft in Downtown Austin. Austin, TX 78701. Last listed at $2,089,857, sold March 1, 2021. Austin ISD.
About This Home
Understated elegance and luxury finishes meets stunning views of Lady Bird Lake and the downtown skyline at Unit 3104 at 70 Rainey. Located just steps from the Butler Hike and Bike, this exceptional unit (2 bed + den, 3 bath) boasts 12’ ceiling heights, a generous patio with custom decking, water views from every window and access to over 31,000 sf of private residential amenities including 24-hour concierge. Thoughtful unit improvements include, but are not limited to: marble backsplash, custom Italian cabinetry with touch, auto close, custom dry bar/banquette alcove, LED lit cloud ceilings over dining and living area and more. Contract may require seller lease back
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
- 2019
- Price / Sq Ft
- $1,199
- HOA
- $1,306.66/mo
- Garage
- 2 spaces
Listing information last updated March 3, 2021.
Listed by Compass RE Texas, LLC
MLS# 2111284 • 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
- Two Primary Suties
- Bar
- Built-in Features
- High Ceilings
- Double Vanity
- High Speed Internet
- Kitchen Island
- Multiple Dining Areas
- No Interior Steps
- Primary Bedroom on Main
- Recessed Lighting
- Smart Thermostat
- Walk-In Closet(s)
- Stone Counters
- Built-In Oven(s)
- Built-In Refrigerator
- Dishwasher
- Disposal
- Gas Cooktop
- Microwave
- Refrigerator
- Tankless Water Heater
- No Carpet
- Tile
- Wood
- Heating
- Electric
- Cooling
- Central Air,Multi Units
Exterior & Lot
- Balcony
- No Exterior Steps
- Concrete
- Glass
- ICAT Recessed Lighting
- Metal Siding
- Wood Siding
- Alley
- Pillar
- Post
- Pier
- Slab
- Covered
- Terrace
- Roof
- Flat Tile,Membrane
- Guest
- Reserved
- Secured
- Side By Side
- Garage Spaces
- 2
Financial
- HOA Fee
- $1,307 / mo
- Original List Price
- $2,399,999
- Price per Sq Ft
- $1,199
Utilities
- Electricity Available
- High Speed Internet
- Natural Gas Available
- Phone Connected
- Water Connected
- Water Source
- Public
- Sewer
- Public Sewer
Explore this area
Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $2,089,857
- Original list
- $2,399,999
- Price movement
- $310.1K reduction
- Listed / DOM
- Oct 28, 2020
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $2,031,084
- Assessment Year
- 2025
- Year Built
- 2018
- Parcel ID
- 000000890613
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-22.5% | — | $2,031,084 | — | — |
2024+26.1% | — | $2,621,520 | $124,418 | $2,218,223 |
2023+62.9% | — | $2,078,823 | $124,418 | $2,497,102 |
2022+7.0% | — | $1,275,933 | $124,418 | $1,954,405 |
2021 | — | $1,192,001 | $62,210 | $1,213,723 |
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 2026-06-02T23:30:04.581461+00:00; normalized from monthly dues.
20% ($418K)
Adjustable assumption - not a lending recommendation.
$2,089,857
Luxury property intelligence
Keenan Market Position
A sourced read on Downtown Austin pricing, timing, and property scale. No automated valuation claim.
List price
$2,089,857
Price per sqft
$1,199/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
Not available
Original to current
$310.1K reduction
$2.4M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 2, 2026.
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