54 Rainey St # 1201
Austin, TX, 78701 $ 4,900
Bedrooms2 Baths2.0 Sq 1,289 for $4,900 with 2 bedrooms and 2 full baths. This 1,289 square foot property was built in 2005 on a lot size of 0.0074.
Experience elevated downtown living in this stunning south-facing 2-bedroom, 2-bath residence at Milago, one of Austin's premier waterfront high-rises. Perched on the 12th floor, Unit 1201 is filled with natural light and showcases breathtaking views of Lady Bird Lake, lush treetops, and the Austin skyline through expansive floor-to-ceiling windows. The thoughtfully designed open-concept floor plan features wide-plank wood flooring, high ceilings, and spacious living and dining areas that flow seamlessly to a private covered balcony, perfect for enjoying morning coffee, spectacular sunsets, or watching paddleboarders and kayakers on the lake below. The sleek modern kitchen is appointed with contemporary cabinetry, quartz countertops, stainless steel appliances, and generous storage, making it ideal for everyday living and entertaining. The spacious primary suite offers oversized windows, ample closet space, and a beautifully finished en-suite bath. A well-appointed second bedroom and adjacent full bath provide flexibility for guests, a home office, or a roommate-friendly layout. Milago residents enjoy resort-style amenities including a rooftop pool and spa overlooking Lady Bird Lake, a fully equipped fitness center, resident clubroom, conference room, Wi-Fi lounge, 24-hour concierge, controlled access, secure parking, and direct access to the Ann and Roy Butler Hike-and-Bike Trail. Ideally located between the vibrant Rainey Street District and Downtown Austin, you'll be just steps from acclaimed restaurants, coffee shops, live music, parks, kayaking, paddleboarding, and Austin's best entertainment. Offering luxury, convenience, and exceptional south-facing views, this residence is an outstanding opportunity to experience the very best of downtown waterfront living.
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FeaturesGeneralLiving Area 1289
Sewer Private Sewer
Cooling Ceiling Fan(s) Central Air
Utilities Electricity Connected Sewer Connected Water Connected
Appliances Dishwasher Disposal Electric Range Free-Standing Electric Range Washer/Dryer
Garage Spaces 2
Pool Features None
Security Features 24 Hour Security Building Security Fire Alarm Fire Sprinkler System Key Card Entry Secured Garage/Parking Security Guard
Pets Allowed Call Negotiable
Year Built 2005
View Lake
Levels One
Unit Number 1201
Property Subtype Condominium
Community Features Bike Storage/Locker Business Center Clubhouse Cluster Mailbox Common Grounds Concierge Conference/Meeting Room Controlled Access Covered Parking Fitness Center Lake Lock and Leave Pool Hot Tub Street
Accessibility None
County Travis
New Construction N
Property Type Residential Lease
Subdivision Name Milago Condo Amd
Facing Direction South
Full Baths 2
Status Active
Directions From the center of downtown Austin go south to Cesar Chavez and turn left turn right onto Red River turn left onto Driskill turn right onto Rainey Street.
High School Austin
City Austin
Disclosures None
Number Of Units Total 240
MLS Area DT
Lot Size Square Feet 322.34
Elementary School Mathews
Middle/Junior High School O Henry
Ok to Lease 12 Months
Availability Date 2026-06-27
Standard Status Active
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InteriorInterior Amenities Two Primary Suties Ceiling Fan(s) Ceiling-High Quartz Counters Open Floorplan Pantry Recessed Lighting Smart Thermostat Soaking Tub Storage Walk-In Closet(s)
Flooring Tile Wood
Half Baths 0
Total Bedrooms 2
Main Level Bedrooms 2
Total Baths 2
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ExteriorExterior Amenities Balcony
Parking Features Assigned Covered Guest Reserved
Lot Features None
Water Source Private
Total Parking 2
Lot Size Acres 0.0074
Waterfront Y/N N
Covered Spaces 2
Horse Y/N N
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* Excluded FeaturesList BySherene MaynerListing Agent
Womack Real Estate LlcBroker
sherene@womackrealestate.comEmail
NearbyAbout Austin, TX 937,069 Population
36% Since 2002
$ 66,040 Median Income
34.22 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
4360597 Elementary School
4360311 Middle School
Austin High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/27/2026 | $4,900 | | Listed Price |