#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024This property has sold on September 28, 2012. Looking for something similar? Contact us or browse available homes.
86 Rainey ST
Austin, TX, 78701
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Zoned Central Business District. Right in the heart of the red Hot Rainey Street neighbarhood. Near Town Lake, Convention Center. Buyer to verify all restrictionsFEMA - Unknown Restrictions: Yes
Property Type
Commercial Sale
Year Built
1906
Lot Size
0.17 acres
Listed by RE/MAX Capital City II
Verified property facts
86 Rainey ST is listed at $850,000 with 0.17-acre lot. This places it above the ZIP 78701 single-family, condominium, and townhouse closed-sale median price of $623,500 (ZIP 78701 geography · single-family, condominium, and townhouse closed sales · median sale price · trailing 12 months as of Sep 4, 2026).
86 Rainey ST is listed by RE/MAX Capital City II. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Jun 2, 2026.
The most recent annual property tax for 86 Rainey ST is $8,258. 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 86 Rainey ST. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
#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
3 records on file
Every recorded listing, sale, and lease at 86 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+0.1% | — | $2,579,161 | $2,541,000 | $38,161 |
2024-0.0% | — | $2,575,693 | $2,541,000 | $34,693 |
2023+172.2% | — | $2,576,128 | $2,541,000 | $34,693 |
2022-11.5% | — | $946,580 | $2,541,000 | $35,128 |
2021 | — | $1,069,461 | $914,760 | $31,820 |
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% ($170K)
Adjustable assumption - not a lending recommendation.
$850,000
Luxury property intelligence
A sourced read on Downtown Austin pricing, timing, and property scale. No automated valuation claim.
List price
$850,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
-2.9%
$875K · Downtown Austin neighborhood guide · reference price
Days on market
Not available
Original to current
No verified reduction
$850K original
Active inventory context
Ask for current inventory
Price Position in Downtown Austin
Listed 3% 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 Jun 2, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
As of Jun 2, 2026, 86 Rainey ST is offered at $850,000. The current MLS snapshot shows 213 active listings in 78701. Keenan Group has completed 11 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.
86 Rainey ST was built in 1906 (120 years ago). Buyers should budget for potential updates to major systems.
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
$850,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+0.1% | — | $2,579,161 | $2,541,000 | $38,161 |
2024-0.0% | — | $2,575,693 | $2,541,000 | $34,693 |
2023+172.2% | — | $2,576,128 | $2,541,000 | $34,693 |
2022-11.5% | — | $946,580 | $2,541,000 | $35,128 |
2021 | — | $1,069,461 | $914,760 | $31,820 |
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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