54 Rainey St # 713 Austin, TX $ 499,400
54 Rainey St # 713
$ 499,400
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54 Rainey St # 713

Austin, TX, 78701
$ 499,400
Bedrooms2 Baths2.0 Sq 1,164

Monthly Estimate*

$ 3,116

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Condo for sale in Austin, TX

for $499,400 with 2 bedrooms and 2 full baths. This 1,164 square foot condo was built in 2005 on a lot size of 0.007.

Special Financing Options Available! Welcome to Milago, the pinnacle of happiness living in the heart of Downtown Austin! Situated directly on the banks of Lady Bird Lake, Milago offers rare and direct access to the Hike & Bike Trail—just steps outside the building’s doors. As one of the only buildings in Austin located right on the trail, it provides the perfect blend of city convenience and lakeside tranquility, placing you moments away from the best dining, entertainment, and outdoor activities Austin has to offer. Step into the spacious, open-concept floor plan featuring rich hardwood floors throughout the kitchen and living areas, creating a warm and inviting atmosphere. The kitchen is a chef’s dream, boasting upgraded tile backsplash, stainless steel appliances, a built-in wine fridge, and a center island perfect for entertaining. The living area flows seamlessly to a covered patio, where you can unwind while taking in the vibrant energy of Rainey Street. The thoughtfully designed layout ensures privacy and comfort, with each bedroom located on opposite sides of the unit, each with its own bathroom and spacious walk-in closet. The primary suite features an upgraded built-in closet system, adding both style and functionality. Natural light floods the unit through large, operable windows, offering sweeping views of Downtown Austin, Lady Bird Lake, and the scenic Hill Country. Milago offers a full suite of premium amenities, including a 24/7 concierge, a rooftop pool and hot tub with panoramic views, an outdoor lounge with grilling stations, a state-of-the-art fitness center, and a stylish club room. Two reserved garage parking spaces, conveniently located near the elevator, and a storage unit are also included for added convenience. Experience the perfect blend of nature and city living at Milago – where you can enjoy the tranquility of lakeside greenery while being steps away from Austin’s vibrant nightlife and dining scene.

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Condo Pending

Price

$ 499,400

Bedrooms

2

Full Bath

2

Property Type

Condo

Taxes

$ 10,765

Style

Condominium

Lot Size

0.007

Year Built

2005

Town/City

Austin

County/Region

Travis

MLS | Web ID

1870432

Features
General
Living Area 1164
Sewer See Remarks
Heating Electric
Cooling Central Air
Utilities Electricity Available Phone Available Water Available See Remarks
Roof Shingle See Remarks
Appliances Built-In Oven(s) Dishwasher Disposal Electric Cooktop ENERGY STAR Qualified Appliances Gas Cooktop Gas Range Microwave Oven Refrigerator Stainless Steel Appliance(s) Washer/Dryer
HOA Fee 950
Garage Spaces 2
Association Fee Includes Maintenance Grounds Trash Water See Remarks
Patio/Porch Features None
Pool Features In Ground Pool/Spa Combo
Security Features 24 Hour Security Building Security Fire Alarm Smoke Detector(s)
Construction Materials Masonry – All Sides See Remarks
Year Built 2005
View City Hill Country Lake Panoramic
Levels One
Unit Number 713
Property Subtype Condominium
Tax Year 2024
Waterfront Features River Front
Community Features BBQ Pit/Grill Concierge Controlled Access Fitness Center Lounge Pool Rooftop Lounge Hot Tub Sundeck
Accessibility None
Assoc Fee Paid Per Monthly
County Travis
New Construction N
Property Type Residential
HOA Y
Energy Efficient None
Subdivision Name Milago Condo Amd
Facing Direction East
Green Sustainability None
Other Structures None
Full Baths 2
Status Pending
Directions Enter the Rainey District from Cesar Chavez Street by heading south on Red River. L) on Davis at the Hotel Van Zandt. R) on Rainey. OR from the I-35 at Holly. L) on Rainey.
High School Austin
City Austin
Body of Water Lady Bird Lake
Disclosures Seller Disclosure
Association Name Milago HOA
MLS Area DT
Lot Size Square Feet 304.92
Spa Features Hot Tub In Ground
Elementary School Mathews
Middle/Junior High School O Henry
Property Condition Resale
Additional Parcels Y/N N
Standard Status Pending
Year Built Source Public Records
Tax Assessed Value 543201
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Interior
Interior Amenities Breakfast Bar Ceiling Fan(s) Ceiling-High Granite Counters Elevator No Interior Steps Primary Bedroom on Main Recessed Lighting Walk-In Closet(s) See Remarks
Flooring Tile Wood
Total Fireplaces 0
Fireplace Features None
Window Features Window Treatments
Half Baths 0
Total Bedrooms 2
Main Level Bedrooms 2
Total Baths 2
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Exterior
Exterior Amenities Balcony No Exterior Steps
Fencing Fenced See Remarks
Parking Features Additional Parking Reserved
Lot Features Views See Remarks
Water Source See Remarks
Total Parking 2
Foundation Details Slab See Remarks
Lot Size Acres 0.007
Waterfront Y/N Y
Covered Spaces 2
Horse Y/N N
Horse Amenities None
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Internal Only
Street Number 1 54
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* Excluded Features
List By
Adelina Rotar

Listing Agent

Keller Williams Realty

Broker

adelina@benkinney.com

Email

Affordability Calculator

$4,013
Per Month
78%
22%
0%
Monthly Principal & Interest
$3,116
Monthly Property Taxes
$897
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4360597 Elementary School
4360311 Middle School
Austin High School High School
Pricing History
DatePricePrice ChangeDescription
10/21/2025$499,400 -0.10% Price Down
9/26/2025$499,900 -7.43% Price Down
7/30/2025$540,000 -6.09% Price Down
7/3/2025$575,000 -1.71% Price Down
5/21/2025$585,000 -1.68% Price Down
3/19/2025$595,000 Listed Price

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54 Rainey St # 713, Austin, TX, 78701 is a Condo for sale at $499,400 with 1,164 sqft and a lot size of 0.007. 54 Rainey St # 713 has 2 bedrooms, 2.0 baths, and was built in 2005. The property's zip code is 78701 which is in Austin, TX