Active Listing  ·  8 days on market

70 Rainey St #1805

Austin, TX 78701
$500,000
1 Bed 1 Bath 837 sqft $597/sqft Built 2018 0.00 acres 1-Car Garage Pool 70 Rainey

Located in the sought-after 70 Rainey luxury condominium tower in downtown Austin, this stylish one-bedroom, one-bath residence combines modern finishes with thoughtful design. The kitchen features quartz countertops, custom Watermark fixtures in antique brass, and premium Miele appliances, including a speed oven and an under-counter wine storage unit. A private balcony with a view of Lady Bird Lake extends the living space outdoors, while motorized shades and whole-home Sonos sound add convenience and comfort throughout. The bedroom offers a comfortable retreat, complemented by a spacious walk-in closet with custom storage. The bathroom features a custom charcoal-painted wood vanity, dual sinks, and marble finishes carried through the vanity, shower bench, and tile. In-unit laundry and a reserved parking space in the secured garage add everyday convenience. With approximately $17,000 in upgrades at the time of purchase, the residence pairs carefully selected finishes with features designed for modern living. Residents of 70 Rainey enjoy an exceptional collection of amenities, including a rooftop pool and spa, inviting indoor and outdoor common areas, a fitness center, and a dedicated dog play area. Located in Austin’s Rainey Street District, the building offers access to downtown dining, entertainment, and outdoor recreation along Lady Bird Lake and the Ann and Roy Butler Hike-and-Bike Trail. With its custom finishes, premium appliances, private balcony, and resort-style amenities, Residence 1805 offers an opportunity to own a thoughtfully appointed condominium in downtown Austin. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.

At $597/sqft, this home is priced 53% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

70 Rainey St #1805, Austin, TX 78701

Property Details

Price $500,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 837 sqft
Lot Size 0.00 acres (78.41 sqft)
Year Built 2018
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision 70 Rainey
County Travis
Zip Code 78701
$/sqft $597/sqft
Days on Market ,
HOA $888.37/Monthly
Annual Tax Est. $8,949.27
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249935995
List Date November 4, 2026
Elementary School Mathews
Middle School O Henry
High School Austin
School District Austin ISD

Austin ISD

Mathews · O Henry · Austin

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
222 West Ave #2507
Seaholm Residences Residential
$499,000 $728 1 bd / 1 ba 685 sqft , 2026-06-12
48 East Ave #1104
Natiivo Austin
$499,000 $559 1 bd / 1 ba 893 sqft , 2026-10-04
48 East Ave #2605
48 East Condos
$495,000 $701 1 bd / 1 ba 706 sqft , 2026-09-16
54 Rainey St #PH20
Milago Condo Amd
$509,000 $638 1 bd / 1 ba 798 sqft , 2026-08-22
360 Nueces St #3910
Residential Condo Amd 360
$490,000 $636 1 bd / 1 ba 770 sqft , 2026-06-13

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
$2,400/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
$100,000
20% conventional investment loan

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

Estimated Gross Rent+$2,400
Principal + Interest−$2,729
Property Tax (assumed ~2.1%)−$875
Insurance (assumed ~0.5%)−$208
Est. Monthly Cash Flow $-1,412

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

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 41 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. The written content was last updated on November 5, 2026.

📞 (254) 718-2567 [email protected] More about Luke →

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