Austin  Standard
BuildingsWaterline
Rainey Street · Downtown Austin

Waterline

98 Red River Street · 78701

8.76/ 10 Standard Score
Platinum tierRanked #1 of 34 scored towers
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Waterline is a 74-story condominium tower in Rainey Street, downtown Austin, completed in 2026. Designed by Kohn Pedersen Fox (KPF) and developed by Lincoln Property Co. + Kairoi Residential, it holds 352 residences, rising about 1025 feet at 98 Red River Street.

On the Austin Standard, Waterline earns a Standard Score of 8.76, placing it in the Platinum tier and ranking #1 of 34 scored downtown buildings. Its strongest dimensions are Age (10.0) and Views (9.5); the lowest is Market (7.0).

Texas' tallest building. The residential floors (top 33) are luxury RENTAL apartments, not for-sale condos — listed as a skyline landmark and rental benchmark.

The numbers

Built
2026
Floors
74
Units
352
Height
1025 ft

Score breakdown

Seven dimensions, each scored 0–10, averaged into the Standard Score.

LocationWalk, transit and bike access, averaged.
8.2
AgeNewer construction scores higher, on a fixed curve.
10.0
MarketShare of units on-market and days-on-market (live MLS feed pending).
7.0
AmenitiesConcierge, pool, fitness and parking, plus standout extras.
9.3
QualityBuild quality measured against cost of living.
9.3
ViewsHeight, exposure and water or park sightlines.
9.5
SocialRental rates, occupancy and lifestyle options.
8.0

Amenities

ConciergePoolFitness centerOn-site parking
STR-restricted

Short-term rental potential

Residential zoning and HOA rules typically cap or ban short-term rentals here.

$25k+filed revenue / unit · year

InnKing area benchmark for 78701 — area-level, not building-specific · as of 2026-06

Seasonal demand (mean month = 100)

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A
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Get a building-specific STR estimate

Downtown

Waterline sits in the Downtown area (ZIP 78701). Nearby Austin communities include:

12th St. Flats · 2612 W 12th Street
12th Street Place · E 12th St
706 West · 706 West Avenue
360 Condos · 360 Nueces St
904 West · 904 West Ave
1306 West · 1306 West Ave
1700 Nueces · 1700 Nueces St
1704 West · 1704 West Ave
Austonian · 200 Congress Ave
Avenue Lofts · 410 E 5th St

Other towers to compare

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