Ed's Opinion of Value

$2,077,630 Ed's Estimate: $2,861,761 $3,999,999
Lowest Comp Recommended List: $2,805,000 to $2,919,000 Highest Comp
My analysis of 7 comparable properties puts this home's estimated value at $2,861,761. Based on how the local market is moving, a list price between $2,805,000 and $2,919,000 would position this home well. This would position the home competitively among 3 active listings in HISTORIC RAINEY STREET DISTRICT. Being 224 sqft larger than the average comparable sale in this area impacts the per square foot value. Current inventory shows 3 comparable homes in HISTORIC RAINEY STREET DISTRICT; a buyer's market based on recent absorption. The 6 month price trend in 78701: risen 6.4%. The best comp here is 501 West Ave # 3303, Austin TX 78701 at an adjusted value of $2,645,963, a strong comparable. The comp data here (7 sales in HISTORIC RAINEY STREET DISTRICT) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus
3 Beds
3 Baths 3 Full
2,851 Sq Ft
0.0062 Acres
2018 Built
3 Garage

About This Property

Where understated elegance meets modern luxury, this exceptional residence offers breathtaking panoramic views of Lady Bird Lake and the downtown Austin skyline. Located just steps from the Butler Hike and Bike Trail, this three-bedroom home with a bonus den/office wraps the entire southern end of the building, featuring floor-to-ceiling windows that capture the beauty of sunrise to sunset.

The open-concept layout seamlessly connects the living, dining, and kitchen areas, extending to a spacious patio ideal for outdoor entertaining. The east-facing primary suite includes a cozy seating area and a spa-like bathroom with dual vanities, a soaking tub, a glass-enclosed shower, and a custom walk-in closet. Smart home automation features include built-in speakers and motorized shades throughout. This residence includes three reserved parking spaces conveniently located on the first level of residential parking.

Residents of 70 Rainey enjoy over 31,000 square feet of private indoor and outdoor amenities, including an infinity-edge pool with sundeck, hot tub, cold plunge, outdoor dining areas with TVs and grills, lush landscaping, and a dog park. Indoor spaces offer multiple lounges, private dining areas, a theater room, a state-of-the-art fitness center, and 24/7 concierge service.

Property Highlights

View City, Downtown, Lake, Skyline

Features

  • Breakfast Bar
  • Ceiling Fan(s)
  • Electric Dryer Hookup
  • Eat-in Kitchen
  • Entrance Foyer
  • Kitchen Island
  • No Interior Steps
  • Open Floorplan
  • Pantry
  • Recessed Lighting
  • Walk-In Closet(s)
  • Wired for Sound

Location

Schools

School District Austin ISD
Elementary Mathews
Middle School O Henry
High School Austin

Property Details

Property Type Residential
Construction See Remarks
Roof Membrane
Foundation Slab
Levels One
Flooring Tile, Wood
Cooling Central Air
Heating Central
Exterior Balcony
County Travis
MLS # 7939127
Garage 3 spaces
Parking 3 spaces: Assigned, Gated
Windows Aluminum Frames, Double Pane Windows, Window Coverings
Security 24 Hour Security, Building Security, Fire Alarm, Fire Sprinkler System, Key Card Entry, Secured Garage/Parking

Lot, Outdoor & Utilities

Lot Features City Lot
Patio & Porch Covered
Water Public
Sewer Public Sewer
Utilities Electricity Available, Natural Gas Available, Sewer Connected, Water Connected

HOA & Community

HOA Fee $3,022 /Monthly
HOA Name 70 Rainey Residences Condominium Community Inc
HOA Includes Common Area Maintenance, Landscaping, Maintenance Grounds, Maintenance Structure, Security
Community Features BBQ Pit/Grill, Business Center, Clubhouse, Cluster Mailbox, Concierge, Conference/Meeting Room, Dog Park, Fitness Center, Gated, Hot Tub Community, Kitchen Facilities, Lounge, Media Center/Movie Theatre, Planned Social Activities, Pool, Property Manager On-Site, Sauna, Smart Car Charging, Sundeck

Tax Information

Annual Taxes (MLS) $46,283 (2025)
Assessed Value $2,335,370
Exemptions Homestead

Listing History

MLS# 7939127 144 days
Mar 23, 2026 Off Market
Mar 10, 2026 Pending
Oct 16, 2025 Listed $2,999,000

Frequently Asked Questions About 70 Rainey ST # 2701, Austin TX 78701

When was 70 Rainey ST # 2701, Austin TX 78701 built?

70 Rainey ST # 2701, Austin TX 78701 was built in 2018. It is see remarks construction with 2,851 square feet on a 0.0062 acre lot.

How much does 70 Rainey ST # 2701, Austin TX 78701 cost?

70 Rainey ST # 2701, Austin TX 78701 sold on March 23, 2026. Contact us for sale price details.

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