Rainey Street District
Historic bungalow bars meet luxury high-rise living on Austin's most dynamic lakefront street.
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About the Rainey Street District
The Rainey Street District has transformed from a quiet residential neighborhood of early 1900s bungalows into one of Austin's most vibrant entertainment and residential destinations. Today, the historic homes serve as beloved bars and restaurants while luxury high-rise towers rise above, offering residents front-row views of Lady Bird Lake and the downtown skyline. The district delivers a rare mix of walkable nightlife, waterfront trails, and world-class dining steps from your front door.
Character
District Info
Condo Buildings in Rainey Street District
8 buildings in this district
The Modern Austin
610 Davis St
44 East
44 East Ave
70 Rainey
70 Rainey St
The Shore Condominiums
603 Davis St
Milago
54 Rainey St
The Towers of Town Lake
40 N IH 35
Vesper
84 East Ave
Natiivo
48 East Ave
What the numbers show across Rainey Street District, based on closed sales.
Across 6 buildings with recent activity, closed sales over the last 12 months ran a median of $644/SF (roughly $295–$865/SF building to building). 98 units are listed now against 60 sales in that span, leaving about 19.6 months of supply — a buyer's market.
Median $/SF
$644
HOA $/SF
$0.76
Closed
60
Active now
98
Median Days on Market
109 days
Months Supply
19.6
Buyer's market
These are the headline numbers for Rainey Street District. The real story is in the details: which buildings, floors, and views move the price, and how a specific unit stacks up. Let's dig in together.
Dive deeper with JacobFor Sale in Rainey Street District
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As Seen In Field Notes
- Downtown Austin Condo Market Report: May 2026Read →
Downtown recorded 21 condo closings in May. Pricing on the rolling 12-month line is still soft, down 7.0% from a year ago.
- The New East Downtown, IHOP, & Off-MarketsRead →
Six new projects helping shape the eastern half of downtown Austin are currently underway. Check out the article I published on my website that dives into...
- Downtown Austin Condo Market Report: April 2026Read →
Downtown condo prices kept softening in April, but buyers showed up. 29 closings is up 70% year-over-year. After more than a year of sellers pricing where they wished the market was, April looks like the month buyers and sellers finally met in the middle.
- xAI, New Tower Renderings, & Off-MarketsRead →
Pricing accuracy is critical. 19 listings failed in March 2026, listed roughly 33% above where deals actually closed. Sellers who price to the current...
- Downtown Austin Condo Market Report: March 2026Read →
As of March 2026, buyer activity is picking up with pending contracts up 88.9% year-over-year. Closings remained consistent with the broader pricing trend.
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