$550,000

Property Overview

Unobstructed panoramic views of Lady Bird Lake and the downtown Austin skyline define this seventh-floor residence at 54 Rainey in the heart of Austin's most vibrant neighborhood. Floor-to-ceiling windows flood the 1,341-square-foot open living space with natural light, creating a seamless connection between the two bedrooms, two full bathrooms, dedicated office, and expansive entertaining areas. The design captures sweeping vistas from nearly every room, positioning this unit as a premier example of urban waterfront living on Rainey Street.

The building's resort-caliber amenities elevate the experience: a rooftop pool and lounge deck overlooking the city, state-of-the-art fitness center, yoga studio, dog park, and co-working spaces cater to both leisure and professional needs. Located steps from Lady Bird Lake's hike and bike trails, acclaimed restaurants, and Austin's distinctive nightlife, residents have immediate access to the lifestyle the Rainey Street District is known for. At $410 per square foot, this property sits considerably below the neighborhood's median pricing, offering exceptional value in one of downtown Austin's most sought-after addresses.

Vox Residential Insight

The Rainey Street District has matured into Austin's premier downtown neighborhood, and 54 Rainey's aggressive pricing at 50 percent below area median reflects an exceptional opportunity in a building with legitimate resort-style amenities. From the Vox Residential perspective, we see strong appreciation potential here given the location fundamentals and the rarity of unobstructed Lady Bird Lake views at this price point.

Agent Description

Located in the heart of the vibrant Rainey Street District, this exceptional residence at 54 Rainey offers one of the most breathtaking and unobstructed views in all of Austin. Unit 706 features two spacious bedrooms, two full bathrooms, a dedicated office, and an expansive open living area perfectly positioned to capture sweeping panoramic views of Lady Bird Lake and the downtown Austin skyline from nearly every angle. Floor-to-ceiling glass fills the home with natural light and creates a truly unmatched urban living experience. Residents at 54 Rainey enjoy resort-style amenities including a stunning rooftop pool and lounge deck overlooking the city, state-of-the-art fitness center, yoga studio, dog park, concierge services, outdoor grilling and entertaining spaces, co-working areas, and beautifully designed resident lounges. Just steps from Austin’s top restaurants, nightlife, hike and bike trails, and waterfront activities, this is luxury downtown living at its finest. Priced aggressively at just $550,000 and ready to sell. Seller financing may also be available for qualified buyers with as little as 0% down.

Neighborhood: Rainey Street District

This property is located in Rainey Street District, Austin, TX. The area is known for Historic Bungalow Bars, Lady Bird Lake Access, Luxury High-Rises, Skyline Views, Vibrant Nightlife.

At $410/sqft, this listing is priced 51% below the Rainey Street District median of $830/sqft.

Property Details

Listing data last updated: May 19, 2026

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