#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024This property has sold on January 18, 2007. Looking for something similar? Contact us or browse available homes.
85 Rainey ST
Austin, TX, 78701
Per MLS rules, only the primary photo is shown for non-Keenan closed listings.
This property is no longer actively listed. We can help you find similar homes currently for sale, notify you if this property relists, or explore off-market opportunities in the area.
Why you're seeing this property: Unlike major portals that hide off-market listings, we maintain the most comprehensive Austin property database. View market history, neighborhood data, and discover similar homes currently for sale. #1 Austin Realtor Team 2024.
This property and others surrounding are zoned Central Business District. This is one of many properties in this transitional historical district. Near Town Lake, IH-35, and other developing properties.Restrictions: Yes Property Condition is As Is
Property Type
Commercial Sale
Year Built
1910
Lot Size
0.14 acres
Listed by C-21 Westbank
Verified property facts
85 Rainey ST is listed by C-21 Westbank. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Apr 25, 2026.
This page does not assume a mortgage rate or publish a monthly payment for 85 Rainey ST. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Apr 25, 2026, 85 Rainey ST is offered at $450,000. The current MLS snapshot shows 210 active listings in 78701. Keenan Group has completed 10 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.
85 Rainey ST was built in 1910 (116 years ago). Buyers should budget for potential updates to major systems.
#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
Flooring
3 records on file
Every recorded listing, sale, and lease at 85 Rainey ST, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Listing timeline 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+27.0% | — | $2,846,011 | $2,172,800 | $673,211 |
2024+0.0% | — | $2,240,801 | $2,172,800 | $68,000 |
2023+68.1% | — | $2,240,800 | $2,172,800 | $68,001 |
2022+1.2% | — | $1,333,017 | $2,172,800 | $68,000 |
2021 | — | $1,317,717 | $782,208 | $550,809 |
District context schools are shown because address-level assigned school fields are not available for this property. Contact the school district directly to verify current boundaries and enrollment eligibility. Ratings from GreatSchools.org.
20% ($90K)
Adjustable assumption - not a lending recommendation.
$450,000
Luxury property intelligence
A sourced read on Downtown Austin pricing, timing, and property scale. No automated valuation claim.
List price
$450,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
-48.6%
$875K · Downtown Austin neighborhood guide · reference price
Days on market
Not available
Original to current
$650K reduction
$1.1M original
Active inventory context
Ask for current inventory
Price Position in Downtown Austin
Listed 49% 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 Apr 25, 2026.
Request Private Market AnalysisLifestyle, schools, market context, and homes in Downtown Austin
Active listings and buyer search context in Downtown Austin
ZIP-level neighborhoods, schools, lifestyle, and Austin market context
District guide, nearby schools, and homes by attendance area
Private Austin CMA, TCAD context, and pricing strategy
Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
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 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)
5 events on record
Current Price
$450,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+27.0% | — | $2,846,011 | $2,172,800 | $673,211 |
2024+0.0% | — | $2,240,801 | $2,172,800 | $68,000 |
2023+68.1% | — | $2,240,800 | $2,172,800 | $68,001 |
2022+1.2% | — | $1,333,017 | $2,172,800 | $68,000 |
2021 | — | $1,317,717 | $782,208 | $550,809 |
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
Best Match
Balanced against price, location, and layout so nearby lookalikes rise first. Similar properties in Driskill & Rainey Subd
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.
Looking for more homes in Downtown Austin?
Contact an Expert →Active listings near 85 Rainey ST
Recent sales for market context
