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$1,900,000

70 Rainey St Apt 2606, Austin, TX, 78701

Under ContractInfo
Beds3 Beds
Baths3 Bath
Baths2,179 Sq Ft
price_per_sqft$871.96 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
AppliancesBuilt-In Range, Built-In Refrigerator, Cooktop, Disposal, Freezer, Gas Cooktop, Ice Maker, Microwave, Refrigerator, Washer/Dryer, Wine Refrigerator
FlooringTile, Wood

Exterior

Exterior FeaturesBalcony
Lot Size209 sqft

Building Information

Year Built2018
Stories1
Garage Spaces2

Land Information

APN02030320300000
Lot Number2606
Subdivision70 Rainey Residences Condominiums
Land UseResidential
Legal DescriptionUNT 2606 70 RAINEY RESIDENCES CONDOMINIUMS PLUS .9284 % INT IN COM AREA
Census Tract001103
Assessed Land Value$156,203
Assessed Improvement Value$1,930,778
Assessment Year2025

About this property

Perched on the 26th floor of one of Austin’s most prestigious high-rises, this fully furnished 3-bedroom, 3-bath residence spans 2,179 square feet and offers sweeping, unobstructed views of Lady Bird Lake and downtown Austin. Designed by Mark Zeff and developed by Sackman Enterprises, 70 Rainey is a statement in modern luxury—where design, location, and lifestyle converge. Inside, wide-plank European oak floors and floor-to-ceiling windows create a warm, sunlit space with clean lines and timeless appeal. The expansive and open living space invites connection, while the bedrooms are thoughtfully tucked away—offering a quiet escape from the social heart of the home. The kitchen features sleek black cabinetry, Miele appliances, and quartz countertops—perfect for entertaining or quiet evenings at home. Remote-controlled solar shades offer privacy and shade at the touch of a button, while a private balcony invites you to take in the skyline with morning coffee or an evening glass of wine. Beyond the residence itself, 70 Rainey offers 31,000+ square feet of resort-style amenities: a 72-foot infinity pool with downtown and lake views, a state-of-the-art fitness center with saunas and a cold plunge, poolside cabanas, fire pits, and an outdoor kitchen for sunset BBQs. This unit comes with two reserved garage parking spaces. With 24/7 concierge service and direct access to the Hike & Bike Trail, this is elevated Austin living—right in the heart of the city.

Investor Tools

$1,281,332Estimated Mortgage Balance
$805,649Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$12,522 /month
Positive
Cash Flow Estimate:
$4,174 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$4,611/month
$2,176/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$44,898
$2,086,981
2025
$156,203
$1,930,778
$2,086,981
No

Tax History

Year
Tax Paid
Assessed Value
2024
$44,898
$2,086,981

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Conventional
$1,425,000
No
First
Feb 2, 2021
Mar 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,281,332
$805,649
38%
61%
$8,544/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,130/mo
$10,720/mo
$-7,590/mo
1.8%

Learn About the Market: Opportunity in Austin

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Explore

Austin

Austin may be the Live Music Capital of the World, but it’s also one of America’s fastest-growing innovation hubs. Fueled by tech expansion, the University of Texas, state government, and a steady influx of new residents, Austin blends startup energy with Hill Country charm.

From downtown high-rises overlooking Lady Bird Lake to booming suburbs like Round Rock and Leander, the region attracts younger professionals, entrepreneurs, and remote workers seeking opportunity with lifestyle. Austin isn’t just growing — it’s redefining what modern Texas looks like.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.4%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$555,300

Unemployment Rate

Unemployment Rate

3.20%

Price Trend

Price Trend

~0.4% YoY growth

New Permits

New Permits

2,269 units

City: Austin

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70 Rainey St Apt 2606 | Property Details | No Agent List