About This Home

Panoramic lake and skyline views. Also for lease. Open kitchen great for entertaining. Spacious primary suite with spa-like bathroom and large custom walk-in closet. Generous balcony. Versatile 2-3 bedroom/study layout with 3 full bathrooms. Walk-in butler's pantry/laundry room with custom cabinets. Large storage locker included. Beautiful resident amenities including abundant outdoor lush garden space, pool, fitness center, party room, theatre and more. Appointment to show required - call or text agent for appointment.

At $917/sqft, this home is priced 135% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

70 Rainey St #1306, Austin, TX 78701

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Property Details

Price $1,599,000

Status Active Listing

Beds 3

Full Baths 3

Half Baths ,

Living Area 1,743 sqft

Lot Size 0.00 acres (165.53 sqft)

Year Built 2018

Garage 2 spaces

Stories ,

Type Residential · Condominium

Subdivision 70 Rainey Condominiums

County Travis

Zip Code 78701

$/sqft $917/sqft

Days on Market ,

HOA $1,909.01/Monthly

Annual Tax Est. $26,510.84

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT215589120

List Date January 7, 2026

Elementary School Mathews

Middle School O Henry

High School Austin

School District ,

Have Questions About This Property?

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed

70 Rainey St #2106
70 Rainey Residences $1,600,000 $918 3 bd / 3 ba 1,743 sqft , 2026-07-17

800 W 5th St #1105
Austin City Lofts Amd $1,600,000 $714 3 bd / 2 ba 2,241 sqft , 2026-07-28

360 Nueces St #3702
Residential Condo Amd 360 $1,595,000 $775 4 bd / 3 ba 2,057 sqft , 2026-06-12

2005 Bowman Ave
Tarry Town 06 $1,585,000 $785 3 bd / 2 ba 2,019 sqft , 2026-05-19

2106 Eva St
Richardsons $1,574,999 $743 3 bd / 2 ba 2,120 sqft , 2026-01-26

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent

$7,675/mo

0.48% rule · conservative Austin est.

Gross Yield

5.76%

Annual rent ÷ purchase price

Cap Rate (est.)

3.46%

NOI after 40% vacancy + expenses

Down Payment

$319,800

20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$7,675

Principal + Interest−$8,726

Property Tax (~2.1% TX avg)−$2,798

Insurance (~0.5%)−$666

Est. Monthly Cash Flow $-4,515

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E

Apple Campus (Domain) 20-30 min N

Google / Meta / Indeed 10-15 min downtown

Dell Medical School / UT Austin 10-20 min

Samsung Austin Semiconductor 25 min N

70 Rainey St #1306

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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