54 Rainey St # 1018 Austin, TX $ 999,000
54 Rainey St # 1018
$ 999,000
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54 Rainey St # 1018

Austin, TX, 78701
$ 999,000
Bedrooms2 Baths2.1 Sq 1,956

Monthly Estimate*

$ 6,232

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Condo for sale in Austin, TX

for $999,000 with 2 bedrooms and 2 full baths, 1 half bath. This 1,956 square foot condo was built in 2006.

Bring Offer!!! Ideally situated on a high floor of the Milago, this expansive 1,956 SF corner residence offers unobstructed views of the Austin skyline and Lady Bird Lake. With a flexible layout featuring two bedrooms with home office/study (or three bedrooms) this home is thoughtfully designed for both comfort and sophistication. The open-concept living and dining areas flow into the kitchen with generous counter space, stainless steel appliances, and a large pantry. The primary suite is a true retreat, complete with a walk-in closet, private balcony, and a spacious spa-like bath featuring a soaking tub, glass-enclosed shower, dual vanity, and great storage. The second bedroom includes its own en-suite bath, providing comfort and privacy for guests. Additional features include two reserved parking spaces and a private storage unit. Perhaps one of the best secrets in town, The Milago is located on the quiet end of Rainey Street with direct access to the Hike & Bike Trail while being steps away from restaurants, bars, and entertainment, offering a rare balance of lakeside calm and downtown connectivity. The building's full-service amenities include a 24-hour concierge, rooftop pool and spa, fitness center, business center, third-floor terrace with BBQ and seating, and secure bike storage.

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Condo Active

Price

$ 999,000

Bedrooms

2

Full Bath

2

Half Bath

1

Property Type

Condo

Taxes

$ 12,107

Style

Condominium

Year Built

2006

Town/City

Austin

County/Region

Travis

MLS | Web ID

5853750

Features
General
Living Area 1956
Sewer Public Sewer
Heating Central Electric
Cooling Central Air Electric
Utilities Electricity Available See Remarks
Roof Built-Up
Appliances Built-In Electric Oven Built-In Electric Range Built-In Range Dishwasher Disposal Microwave Refrigerator Washer/Dryer Stacked Electric Water Heater
HOA Fee 1511
Garage Spaces 2
Association Fee Includes Common Area Maintenance Maintenance Grounds Maintenance Structure Parking Security
Patio/Porch Features Covered
Pool Features See Remarks
Security Features Building Security Fire Alarm Fire Sprinkler System Key Card Entry Secured Garage/Parking Smoke Detector(s)
Construction Materials Brick Stone Stucco
Year Built 2006
View City Downtown Hill Country Lake Skyline See Remarks
Levels One
Unit Number 1018
Property Subtype Condominium
Tax Year 2024
Waterfront Features Lake Front
Community Features BBQ Pit/Grill Bike Storage/Locker Business Center Cluster Mailbox Common Grounds Concierge Conference/Meeting Room Controlled Access Curbs Electronic Payments Fitness Center Garage Parking Gated Lake
Accessibility See Remarks
Assoc Fee Paid Per Monthly
County Travis
New Construction N
Property Type Residential
HOA Y
Energy Efficient Windows
Subdivision Name Milago Condominium
Facing Direction Northwest
Green Sustainability None
Other Structures None
Full Baths 2
Status Active
Directions At the south end of Rainey St on the right. Guest Garage to the right of the front entrance.
High School Austin
City Austin
Body of Water Lady Bird Lake
Disclosures See Remarks
Association Name Milago Condominium
MLS Area DT
Lot Size Square Feet 0
Elementary School Mathews
Middle/Junior High School O Henry
Property Condition See Remarks
Additional Parcels Y/N N
Standard Status Active
Year Built Source Builder
Tax Assessed Value 958400
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Interior
Interior Amenities Breakfast Bar Ceiling Fan(s) Ceiling-High Quartz Counters Double Vanity Open Floorplan Primary Bedroom on Main Stackable W/D Connections Storage Walk-In Closet(s)
Flooring Tile Wood
Total Fireplaces 0
Window Features Blinds Window Coverings Window Treatments
Half Baths 1
Total Bedrooms 2
Main Level Bedrooms 2
Total Baths 3
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Exterior
Exterior Amenities Balcony
Fencing None
Parking Features Assigned Garage Gated
Lot Features Landscaped Level Many Trees Views
Water Source Public
Total Parking 2
Foundation Details Pillar/Post/Pier
Lot Size Acres 0
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
Karen Prager

Listing Agent

Urbanspace

Broker

karen@urbanspacerealtors.com

Email

Affordability Calculator

$7,241
Per Month
86%
14%
0%
Monthly Principal & Interest
$6,232
Monthly Property Taxes
$1,009
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
8/7/2025$999,000 -7.41% Price Down
7/9/2025$1,079,000 Listed Price

Map


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54 Rainey St # 1018, Austin, TX, 78701 is a Condo for sale at $999,000 with 1,956 sqft. 54 Rainey St # 1018 has 2 bedrooms, 2.1 baths, and was built in 2006. The property's zip code is 78701 which is in Austin, TX