54 Rainey ST # 404, Austin TX 78701

Austin, TX 78701 | Milago Condo

$550,000 $463/sqft
2 Beds
2 Baths 2 Full
1,189 Sq Ft
0.0068 Acres
2006 Built
2 Garage

About This Property

Live where Austin's most iconic outdoor lifestyle meets the energy of downtown. This southwest-facing 2-bedroom, 2-bath residence at Milago offers a rare treetop perspective overlooking Lady Bird Lake and the Hike-and-Bike Trail, creating a peaceful retreat in the heart of the city.

The open-concept floor plan features wood flooring, stainless steel appliances, solar shades, spacious walk-in closets. Enjoy morning coffee or evening sunsets from the private balcony with serene lake and greenbelt views.

Milago residents enjoy resort-style amenities including a rooftop pool and spa, outdoor grilling areas, fitness center, owner lounge, party room, lakeside terrace, and 24-hour concierge service.

Just outside your door, explore the Rainey Street District's acclaimed restaurants, nightlife, and entertainment, or step directly onto the Lady Bird Lake Trail for walking, running, biking, paddleboarding, and more. Urban convenience meets waterfront tranquility in one of Austin's most sought-after downtown locations.

Features

  • 2 Primary Baths
  • In-Law Floorplan
  • Kitchen Island
  • Open Floorplan
  • Primary Bedroom on Main

Location

Schools

School District Austin ISD
Elementary Mathews
Middle School O Henry
High School Austin

Property Details

Property Type Residential
Flooring Tile, Wood
Cooling Central Air
Heating Central
Exterior None
County Travis
MLS # 9558786
Garage 2 spaces

HOA & Community

HOA Fee $985 /Monthly
HOA Includes Common Area Maintenance, Maintenance Structure, Parking, Security

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This property has HOA fees of $985/monthly.

Tax Information

Annual Taxes (MLS) $10,342 (2026)

Listing History

MLS# 9558786 - Updated Jun 3, 2026 1 days
Jun 2, 2026 Listed Listing Courtesy of Kuper Sotheby's Int'l Realty - cynthia.mattiza@​KuperSir.com $550,000

Frequently Asked Questions About 54 Rainey ST # 404, Austin TX 78701

When was 54 Rainey ST # 404, Austin TX 78701 built?

54 Rainey ST # 404, Austin TX 78701 was built in 2006.

How much does 54 Rainey ST # 404, Austin TX 78701 cost?

54 Rainey ST # 404, Austin TX 78701 is listed for sale at $550,000. That is $463 per square foot.

How many bedrooms and bathrooms does 54 Rainey ST # 404, Austin TX 78701 have?

54 Rainey ST # 404, Austin TX 78701 has 2 bedrooms and 2 bathrooms (2 full) with 1,189 square feet of living space.

What school district is 54 Rainey ST # 404, Austin TX 78701 in?

54 Rainey ST # 404, Austin TX 78701 is in the Austin ISD school district. Assigned schools include Mathews (elementary), O Henry (middle), Austin (high school).

Does 54 Rainey ST # 404, Austin TX 78701 have an HOA?

Yes, 54 Rainey ST # 404, Austin TX 78701 has an HOA fee of $985 per monthly. The HOA includes common area maintenance, maintenance structure, parking, security.

What are the property taxes on 54 Rainey ST # 404, Austin TX 78701?

The annual property taxes on 54 Rainey ST # 404, Austin TX 78701 are $10,342 (as of 2026).

How big is the lot at 54 Rainey ST # 404, Austin TX 78701?

The lot at 54 Rainey ST # 404, Austin TX 78701 is 0.0068 acres, and the home has 1,189 square feet of living space.

What type of property is 54 Rainey ST # 404, Austin TX 78701?

54 Rainey ST # 404, Austin TX 78701 is a residential property.

Does 54 Rainey ST # 404, Austin TX 78701 have a garage?

Yes, 54 Rainey ST # 404, Austin TX 78701 has a 2-car garage.

What subdivision is 54 Rainey ST # 404, Austin TX 78701 in?

54 Rainey ST # 404, Austin TX 78701 is located in the Milago Condo subdivision in Austin, TX.

How long was 54 Rainey ST # 404, Austin TX 78701 on the market?

54 Rainey ST # 404, Austin TX 78701 was on the market for 1 days, listed on June 2, 2026.

What heating and cooling does 54 Rainey ST # 404, Austin TX 78701 have?

54 Rainey ST # 404, Austin TX 78701 has central heating and central air cooling.

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