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54 Rainey St APT 415, Austin, TX, 78701

1beds
1baths
756sqft
$359,000
$475price/sqft
$2,670/moest. monthly cost
$106,800/yrincome needed

About This Home

Experience elevated downtown living at 54 Rainey St. #415, a beautifully renovated 1-bedroom, 1-bathroom condo. This 756-square-foot home has been thoughtfully upgraded to offer both style and comfort. The sleek kitchen features updated appliances, designer cabinetry, and stylish lighting, creating a modern space ideal for cooking and entertaining. The spa-inspired bathroom boasts a walk-in shower, enhanced by elegant tile work and contemporary fixtures, providing the perfect retreat after a day of urban exploration. Step onto your private balcony to enjoy serene views, or head to the rooftop pool to take in stunning panoramas of downtown Austin and Lady Bird Lake. The building’s exceptional amenities include a fully equipped gym, 24-hour concierge service, and impeccably maintained common areas—all complemented by some of the most affordable HOA fees in the downtown area. Situated in the heart of the vibrant Rainey Street district, this condo is steps away from Lady Bird Trail, offering easy access to biking, running, and waterfront activities. Rainey Street’s eclectic mix of restaurants, bars, and coffee shops ensures that dining and nightlife options are always close at hand. The property’s prime location provides seamless access to I-35, East Austin, South Congress, and beyond, making it a perfect choice for those seeking the ultimate urban lifestyle. Whether you're catching fireworks from the rooftop, grabbing a morning coffee, or enjoying a peaceful stroll along the trail, this home is the ideal blend of modern sophistication and Austin charm. All values are approximate and to be verified.

Getting Around

84
WalkingVery Walkable
59
TransitGood Transit
89
BikeVery Bikeable

Schools

10/10
Mathews Elementary SchoolGrades PK-62.0 mi
6/10
O Henry Middle SchoolGrades 6-82.9 mi
7/10
Austin High SchoolGrades 9-122.0 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 2005

Materials

  • Foundation: Slab
  • Roof: Concrete

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Built-In Refrigerator,Dishwasher,Exhaust Fan,Microwave,Electric Oven,Washer,Electric Water Heater

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bedrooms: 1

Features

  • Ceiling Fan(s),Quartz Counters,Primary Bedroom on Main
  • Window features: None
  • Flooring: Wood

Heating & Cooling

  • Heating features: Central,Electric
  • Cooling features: Central Air,Electric

Interior Area

  • Total interior livable area: 756 sqft

Kitchen

  • Features: Open to Family Room
  • Level: Main

Primary Bathroom

  • Features: None
  • Level: Main

Primary Bedroom

  • Features: Ceiling Fan(s)
  • Level: Main

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 02030312400000
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Private pool: Yes
  • Pool features: Rooftop Pool
  • Patio & porch: Terrace
  • Exterior features: Balcony
  • Fencing: None
  • Has view: Yes
  • View description: City
  • Waterfront features: None

Lot

  • Lot size: 191.66 sqft
  • Features: See Remarks

Parking

  • Total spaces: 1
  • Parking features: Covered,Guest,Off Street
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hail
    HailRelatively High
  • Tornado
    TornadoRelatively High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Hail
Tornado
Heat Wave
Inland Flooding

FEMA Declared Disasters Across Texas Counties

Flood
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,815$21,780
Home Insurance *$178$2,136
Property Taxes $439$5,268
Electricity $238$2,859
Total$2,670$32,040
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$91,542/yr
40% on housing$80,100/yr
45% on housing$71,200/yr

Texas FAIR Plan Programs

Texas FAIR Plan Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

Texas Windstorm Insurance Association

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 126,680Commercial: -4
Total Premiums$237.28M
Total Exposure$32.93B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.4%
6.4%
0%30.0%
Electricity Growth Rate10-year average: 3.8%
3.8%
0%15.0%
Property Taxes Growth Rate2-year average: 0.1%
0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$475This listing

vs Other Active Listings

Avg $/sqft

ZIP 78701$458
Travis County$334

vs Homes Sold Last Month

Median $/sqft

ZIP 78701$618
Travis County$233

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-09Listed for sale$359,000
2025-05-08Listing removed$435,000
2025-04-26Listing removed$2,295
2025-04-03Listed for rent$2,295
2025-03-13Price change$435,000
2025-03-11Price change$439,500
2025-02-24Price change$439,999
2025-01-20Listed for sale$450,000
2021-11-30Sold--
2021-10-21Pending sale$495,000
2021-10-11Contingent$495,000
2021-09-24Price change$495,000
2021-09-10Price change$514,900
2021-09-03Price change$539,900
2021-08-11Listed for sale$554,900
2018-09-05Sold--
2018-08-04Pending sale$332,500
2018-07-27Listed for sale$332,500
2012-06-20Listing removed$1,695
2012-06-08Listed for rent$1,695

For Sale by Agent

AgentMatt Cordova
BrokerageKeller Williams Realty

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