My family loves this Instant Pot steak. It yields juicy and perfectly cooked steaks in no time. Watch the video below to see how I make it in my kitchen!
Season the steak with garlic powder, onion powder, salt, and pepper on all sides.
Heat the olive oil and butter in an Instant Pot. Once the oil is sizzling, sear the steak on all sides until browned, around one minute.
Remove the steak from the Instant Pot and pour in the water.
Place a trivet inside and place the steaks on it. Seal the Instant Pot and cook on high for 3 minutes for a medium-rare steak (135F). For medium, aim for 4 minutes (145F); for medium-well done, aim for 5 minutes (155F); and for well done, cook for 6 minutes (165F).
Release the pressure from the Instant Pot and remove the steaks. Rest for 5 minutes before serving.
Video
Notes
TO STORE: Store leftovers in an airtight container in the refrigerator for 3-4 days. TO FREEZE: Let the steaks cool completely, place them in a freezer bag, and freeze for 3 months. TO REHEAT: Reheat the steaks on the stovetop or oven until warm.