54 Rainey St # 1018 Austin, TX $ 989,000
54 Rainey St # 1018
$ 989,000
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54 Rainey St # 1018

Austin, TX, 78701
$ 989,000
Bedrooms3 Baths2.1 Sq 1,956

Monthly Estimate*

$ 6,089

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Condo for sale in Austin, TX

for $989,000 with 3 bedrooms and 2 full baths, 1 half bath. This 1,956 square foot condo was built in 2005 on a lot size of 0.0113.

Experience elevated downtown living at Milago, where style, space, and sweeping views come together in one exceptional residence. This beautifully appointed 3-bedroom, 2.5-bath condo offers nearly 2,000 square feet (1,956 SF) of light-filled living space in one of Austin’s most desirable waterfront buildings. From the moment you enter, you’re greeted by expansive windows that flood the home with natural light and frame stunning views the downtown skyline and Lady Bird Lake. Rich wood flooring runs throughout, creating a warm, cohesive feel across the open-concept living and dining areas—perfect for entertaining or simply enjoying the view. The gorgeous kitchen is both functional and refined, featuring quartz countertops, a custom backsplash, an extra-deep sink, and abundant cabinet space for effortless organization. Whether you’re hosting friends before a night out or preparing a quiet dinner at home, this kitchen is designed to impress. The spacious primary suite offers a true retreat, complete with a luxurious ensuite bath boasting a double vanity, large soaking tub, and separate walk-in shower. Two additional bedrooms provide flexibility for guests, a home office, or a dedicated fitness or media space. Located just steps from the Town Lake Trail, you’ll have immediate access to miles of scenic waterfront paths, along with some of Austin’s best dining, shopping, and entertainment. Residents of Milago enjoy premium amenities including a beautiful pool and a fully equipped fitness center. This is downtown Austin living at its finest—spacious, sophisticated, and perfectly positioned to enjoy the best of the city.

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Condo Active

Price

$ 989,000

Bedrooms

3

Full Bath

2

Half Bath

1

Property Type

Condo

Taxes

$ 17,804

Style

Condominium

Lot Size

0.0113

Year Built

2005

Town/City

Austin

County/Region

Travis

MLS | Web ID

2440461

Features
General
Living Area 1956
Sewer See Remarks
Heating Central
Cooling See Remarks
Utilities See Remarks
Roof Built-Up
Appliances Built-In Electric Range Dishwasher
HOA Fee 1511
Garage Spaces 2
Association Fee Includes See Remarks
Patio/Porch Features See Remarks
Pool Features None
Security Features See Remarks
Construction Materials Brick Stone Stucco
Year Built 2005
View City Downtown Hill Country Lake Skyline
Levels One
Unit Number 1018
Property Subtype Condominium
Tax Year 2026
Waterfront Features Lake Front
Community Features BBQ Pit/Grill Bike Storage/Locker Business Center Concierge Fitness Center Garage Parking Pool Trail(s)
Accessibility See Remarks
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 Northwest
Green Sustainability None
Other Structures None
Full Baths 2
Status Active
Directions Head south on Rainey Street. Milago is the last building on the right.
High School Austin
City Austin
Body of Water Lady Bird Lake
Disclosures Seller Disclosure
Association Name Milago Condominiums
MLS Area DT
Lot Size Square Feet 492.23
Elementary School Mathews
Middle/Junior High School O Henry
Property Condition Resale
Virtual Tour https://mls.homejab.com/property/view/54-rainey-st-austin-tx-78701 https://app.homejab.com/property/view/54-rainey-st-austin-tx-78701
Standard Status Active
Year Built Source Public Records
Tax Assessed Value 869981
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Interior
Interior Amenities See Remarks
Flooring See Remarks
Total Fireplaces 0
Window Features Double Pane Windows
Half Baths 1
Total Bedrooms 3
Main Level Bedrooms 3
Total Baths 3
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Exterior
Exterior Amenities Balcony
Fencing None
Parking Features Garage Reserved
Lot Features See Remarks
Water Source Public
Total Parking 2
Foundation Details Pillar/Post/Pier
Lot Size Acres 0.0113
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
Matt Holm

Listing Agent

Compass Re Texas, Llc

Broker

mattsellsaustin@gmail.com

Email

Affordability Calculator

$7,573
Per Month
80%
20%
0%
Monthly Principal & Interest
$6,089
Monthly Property Taxes
$1,484
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
3/5/2026$989,000 Listed Price

Map


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54 Rainey St # 1018, Austin, TX, 78701 is a Condo for sale at $989,000 with 1,956 sqft and a lot size of 0.0113. 54 Rainey St # 1018 has 3 bedrooms, 2.1 baths, and was built in 2005. The property's zip code is 78701 which is in Austin, TX