Active Listing  ·  46 days on market

70 Rainey St #1908

Austin, TX 78701
$1,395,000
2 Bed 2 Bath 1,434 sqft $973/sqft Built 2018 0.00 acres 2-Car Garage Pool 70 Rainey Residences

Perched high above Austin's legendary Rainey Street District, this sophisticated residence delivers something increasingly rare in a city growing skyward: an unobstructed, breathtaking view across city park land. Floor-to-ceiling windows frame sweeping panoramas of the Austin skyline and Lady Bird Lake in a living canvas that shifts from golden sunset to glittering cityscape after dark. This is the view Austin residents talk about — and here, it's simply home.

Inside, the thoughtfully designed two-bedroom, two-bath layout balances refined style with the practical intelligence that elevated condo living demands. An open-concept floor plan maximizes space and light, while warm wood floors and custom built-ins create a home that feels both curated and livable. The chef-inspired kitchen features hidden storage solutions that keep surfaces clean and everyday life effortlessly organized — a detail that makes an immediate difference in day-to-day living. Smart blinds offer privacy and convenience, while a flexible work-from-home space adapts naturally to your rhythm.

Superior soundproofing and window glazing deliver a peaceful retreat that lets you choose when to engage with the city's energy and when to leave it behind. The primary suite offers a tranquil escape complemented by a spa-inspired bath and generous storage, while a well-appointed secondary bedroom and full bath provide comfortable, polished accommodations for family and guests.

Location is equally extraordinary. Step outside and the best of Austin unfolds immediately at street level. Walk along Lady Bird Lake or paddle out on the water. Emmer & Rye, Intero, Banger's Sausage House & Beer Garden, and Anthem — are moments from your door.

Residents of 70 Rainey enjoy access to white-glove service and world-class amenities: 24/7 concierge, resort-style pool, state-of-the-art fitness center, and thoughtfully curated resident spaces designed to extend the luxury beyond your front door.

At $973/sqft, this home is priced 149% 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 #1908, Austin, TX 78701

Property Details

Price $1,395,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,434 sqft
Lot Size 0.00 acres (139.39 sqft)
Year Built 2018
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision 70 Rainey Residences
County Travis
Zip Code 78701
$/sqft $973/sqft
Days on Market ,
HOA $1,607/Monthly
Annual Tax Est. $24,044.91
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236659899
List Date June 19, 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 →

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
1603 Woodlawn Blvd #D
Old Enfield
$1,395,000 $883 2 bd / 3 ba 1,579 sqft , 2026-01-08
901 W 9th St #1004
Nokonah Condo Amd
$1,395,000 $898 2 bd / 2 ba 1,554 sqft , 2026-05-04
901 Bouldin Ave #A
901 Bouldin Condo
$1,395,000 $754 3 bd / 3 ba 1,850 sqft , 2026-05-24
4214 Sinclair Ave
Rosedale D
$1,395,000 $742 3 bd / 2 ba 1,879 sqft , 2026-07-10
313 W 17th St #1404
Linden Condos
$1,395,000 $846 2 bd / 2 ba 1,648 sqft , 2026-07-15

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
$6,696/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
$279,000
20% conventional investment loan

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

Estimated Gross Rent+$6,696
Principal + Interest−$7,613
Property Tax (~2.1% TX avg)−$2,441
Insurance (~0.5%)−$581
Est. Monthly Cash Flow $-3,939

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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