Active Listing  ·  18 days on market

70 Rainey St #2106

Austin, TX 78701
$1,600,000
3 Bed 3 Bath 1,743 sqft $918/sqft Built 2018 2-Car Garage Pool 70 Rainey Residences

Experience the best of Downtown Austin Living! Enjoy effortless access to downtown Austin from this luxurious lock-and-leave condominium in the heart of the vibrant Rainey Street District. This beautifully upgraded residence features enhanced lighting, a modernized primary bathroom, custom closets, an updated laundry room (washer & dryer stay with sell), and a state-of-the-art smart home/media system. (Projector & speakers stay with sale) Step outside and find yourself just a short walk from Austin’s best bars, restaurants, and the scenic Butler Hike & Bike Trail. Take in breathtaking views of Lady Bird Lake and Congress Bridge, with the added bonus of fireworks on select holidays and nightly bat flights during warmer months—all from your private balcony. World-Class Amenities: • Well-equipped fitness center with men’s and women’s locker rooms, showers, dry sauna, and secure lockers • Cold plunge and yoga deck for ultimate relaxation • 11th-floor entertainment lounge featuring a theater room, reading nook, and a large dining/conference area with a catering kitchen • Expansive outdoor amenities, including grills, TVs, multiple seating areas, fire pits, and a dog relief area • Resort-style pool and hot tub with a dedicated pool restroom • Billiards table for added entertainment Don’t miss this incredible opportunity to live in one of Austin’s most sought-after locations! Parking & storage unit close to elevator. **INFORMATION CONTAINED HEREIN IS DEEMED RELIABLE BUT NOT GUARANTEED! BUYER AND BUYER’S AGENT ARE ADVISED TO INDEPENDENTLY VERIFY ALL INFORMATION.

At $918/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 #2106, Austin, TX 78701

Property Details

Price $1,600,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 1,743 sqft
Lot Size ,
Year Built 2018
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision 70 Rainey Residences
County Travis
Zip Code 78701
$/sqft $918/sqft
Days on Market ,
HOA $1,907/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237288323
List Date July 17, 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
800 W 5th St #1105
Austin City Lofts Amd
$1,600,000 $714 3 bd / 2 ba 2,241 sqft , 2026-07-28
70 Rainey St #1306
70 Rainey Condominiums
$1,599,000 $917 3 bd / 3 ba 1,743 sqft , 2026-01-07
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
44 East Ave #4205
44 EAST
$1,625,000 $1,019 3 bd / 3 ba 1,594 sqft , 2026-03-05

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
$7,680/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
$320,000
20% conventional investment loan

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

Estimated Gross Rent+$7,680
Principal + Interest−$8,732
Property Tax (~2.1% TX avg)−$2,800
Insurance (~0.5%)−$667
Est. Monthly Cash Flow $-4,519

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →