54 Rainey St # 706 Austin, TX $ 550,000
54 Rainey St # 706
$ 550,000
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54 Rainey St # 706

Austin, TX, 78701
$ 550,000
Bedrooms2 Baths2.0 Sq 1,341

Monthly Estimate*

$ 3,386

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Condo for sale in Austin, TX

for $550,000 with 2 bedrooms and 2 full baths. This 1,341 square foot condo was built in 2005 on a lot size of 0.0077.

Located in the heart of the vibrant Rainey Street District, this exceptional residence at 54 Rainey offers one of the most breathtaking and unobstructed views in all of Austin. Unit 706 features two spacious bedrooms, two full bathrooms, a dedicated office, and an expansive open living area perfectly positioned to capture sweeping panoramic views of Lady Bird Lake and the downtown Austin skyline from nearly every angle. Floor-to-ceiling glass fills the home with natural light and creates a truly unmatched urban living experience. Residents at 54 Rainey enjoy resort-style amenities including a stunning rooftop pool and lounge deck overlooking the city, state-of-the-art fitness center, yoga studio, dog park, concierge services, outdoor grilling and entertaining spaces, co-working areas, and beautifully designed resident lounges. Just steps from Austin’s top restaurants, nightlife, hike and bike trails, and waterfront activities, this is luxury downtown living at its finest. Priced aggressively at just $550,000 and ready to sell. Seller financing may also be available for qualified buyers with as little as 0% down.

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Condo Active

Price

$ 550,000

Bedrooms

2

Full Bath

2

Property Type

Condo

Taxes

$ 16,394

Style

Condominium

Lot Size

0.0077

Year Built

2005

Town/City

Austin

County/Region

Travis

MLS | Web ID

7656455

Features
General
Living Area 1341
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities See Remarks
Roof Flat Tile
Appliances Dishwasher Dryer Electric Range Microwave Oven Range Refrigerator Washer Washer/Dryer Wine Cooler Wine Refrigerator
HOA Fee 965
Garage Spaces 2
Association Fee Includes Common Area Maintenance Maintenance Grounds Maintenance Structure See Remarks
Patio/Porch Features Covered Terrace See Remarks
Pool Features See Remarks
Security Features See Remarks Smoke Detector(s)
Construction Materials Masonry – All Sides
Year Built 2005
View City City Lights Downtown Lake River Skyline
Levels One
Unit Number 706
Property Subtype Condominium
Tax Year 2025
Waterfront Features Waterfront
Community Features See Remarks Fitness Center Park Pool
Accessibility See Remarks
Assoc Fee Paid Per Monthly
County Travis
New Construction N
Property Type Residential
HOA Y
Energy Efficient None Other/See Remarks
Subdivision Name Milago Condo Amd
Facing Direction Southwest
Green Sustainability See Remarks
Other Structures See Remarks
Full Baths 2
Status Active
Directions 54 Rainey Street lockbox with concierge at front desk.
High School Austin
City Austin
Body of Water Lady Bird Lake
Disclosures None
Association Name Milago HOA
MLS Area DT
Lot Size Square Feet 335.41
Elementary School Mathews
Tax Annual Amount 16394.9
Middle/Junior High School O Henry
Property Condition Resale
Additional Parcels Y/N N
Virtual Tour https://mls.realtour.biz/706-54RaineySt/Austin/TX https://vtour.realtour.biz/706-54RaineySt/Austin/TX
Standard Status Active
Year Built Source Public Records
Tax Assessed Value 801125
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Interior
Interior Amenities See Remarks Bar Bookcases Built-in Features Ceiling Fan(s) Chandelier Granite Counters Stone Counters Pantry Primary Bedroom on Main Walk-In Closet(s)
Flooring Tile Wood
Total Fireplaces 0
Window Features See Remarks
Half Baths 0
Total Bedrooms 2
Main Level Bedrooms 2
Total Baths 2
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Exterior
Exterior Amenities Balcony See Remarks
Fencing None
Parking Features Assigned Garage See Remarks
Lot Features City Lot Near Public Transit See Remarks
Water Source Public
Total Parking 2
Foundation Details Slab
Lot Size Acres 0.0077
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
Dustin Raye

Listing Agent

Spyglass Realty

Broker

dustin@spyglassrealty.com

Email

Affordability Calculator

$4,753
Per Month
71%
29%
0%
Monthly Principal & Interest
$3,386
Monthly Property Taxes
$1,366
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
5/12/2026$550,000 Listed Price

Map


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54 Rainey St # 706, Austin, TX, 78701 is a Condo for sale at $550,000 with 1,341 sqft and a lot size of 0.0077. 54 Rainey St # 706 has 2 bedrooms, 2.0 baths, and was built in 2005. The property's zip code is 78701 which is in Austin, TX