Active Listing  ·  132 days on market

70 Rainey St #1901

Austin, TX 78701
$1,464,000
2 Bed 2 Bath 1,697 sqft $863/sqft Built 2018 0.01 acres 2-Car Garage Pool 70 Rainey Residences

Some addresses are just addresses. This one is a decision.

Nineteen floors above Lady Bird Lake, floor-to-ceiling glass frames uninterrupted views of the water and skyline, filling the residence with natural light. Eleven-foot ceilings enhance the volume, bringing the outdoors in and creating a sense of scale that feels both open and intentional.

The D1 floor plan, one of the most functional layouts in 70 Rainey, is designed for how people actually live. Two full primary suites offer both privacy and flexibility, while a bonus room seamlessly adapts as a private study, guest room, or a custom wardrobe space. A true 2-bedroom, 2-bath residence with an additional flex space, it delivers a layout that works as hard as you do.

Finishes are deliberate. Wide-plank European hardwood adds warmth and longevity. Italian cabinetry delivers clean lines and quiet precision. Quartz surfaces create a sharp, modern edge, complemented by a full suite of Miele appliances.

Outside, Rainey Street Historic District offers one of Austin’s most walkable and energetic environments, with restaurants, nightlife, and the hike-and-bike trail just steps away. Residents enjoy 24/7 concierge service and two reserved parking spaces for a seamless lock-and-leave lifestyle.

Designed for today’s downtown buyer, whether relocating, downsizing, or securing a second home, this residence delivers flexibility, access, and presence.

Recognized as an award-winning high-rise, 70 Rainey stands at the center of Austin’s evolving skyline. Unit 1901 is positioned to present a rare alignment of view, layout, and location in a market where opportunities like this don’t sit.

At $863/sqft, this home is priced 121% 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 #1901, Austin, TX 78701

Property Details

Price $1,464,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,697 sqft
Lot Size 0.01 acres (435.6 sqft)
Year Built 2018
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision 70 Rainey Residences
County Travis
Zip Code 78701
$/sqft $863/sqft
Days on Market ,
HOA $1,783/Monthly
Annual Tax Est. $30,491.83
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT223681345
List Date March 25, 2026
Elementary School Mathews
Middle School O Henry
High School Austin
School District ,

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.

Schedule a Call →

Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · March 25, 2026 $1,465,000
Previous ask $1,455,000
Current ask $1,464,000
Reduced $1,000 (-0.1%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
800 W 5th St #1209
Austin City Lofts Amd
$1,475,000 $666 2 bd / 2 ba 2,215 sqft , 2025-08-12
1510 Buffalo Gap Rd
Buffalo Gap
$1,450,000 $949 2 bd / 2 ba 1,528 sqft , 2026-06-05
1912 S 3rd St
BOULDIN
$1,450,000 $893 3 bd / 3 ba 1,623 sqft , 2026-06-16
603 Davis St #101
Shore A Condo Amd The
$1,450,000 $858 2 bd / 3 ba 1,690 sqft , 2026-07-24
1410 Woodlawn Blvd #B
14ten Condos
$1,495,000 $681 3 bd / 4 ba 2,196 sqft , 2026-03-12

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
$7,027/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
$292,800
20% conventional investment loan

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

Estimated Gross Rent+$7,027
Principal + Interest−$7,990
Property Tax (~2.1% TX avg)−$2,562
Insurance (~0.5%)−$610
Est. Monthly Cash Flow $-4,135

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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