54 Rainey ST # 412, Austin TX 78701

Austin, TX 78701 | Milago Condo

$685,000 $588/sqft
2 Beds
2 Baths 2 Full
1,164 Sq Ft
0.0067 Acres
2005 Built
2 Garage

About This Property

Refined urban living unfolds in this west-facing two-bedroom, two-bath residence designed for both style and ease. Rich wood floors ground the space with warmth, while gleaming granite countertops and a thoughtfully appointed kitchen, complete with under-cabinet lighting and sleek stainless steel appliance set the tone for timeless sophistication. A stacked washer and dryer round out the modern comforts.
Milago’s amenities read like a greatest-hits album of downtown luxury: a rooftop terrace crowned with a pool, hot tub, and BBQ grills; a fully equipped fitness center; an elegant club room; a ground-floor lounge and patio; and the peace of mind that comes with 24/7 concierge service.
Set in the heart of the Rainey Street District and just steps from Lady Bird Lake, this location puts Austin’s best within effortless reach from neighborhood essentials to celebrated dining and rooftop cocktails. Spend your evenings immersed in the city’s energy or your mornings along the hike-and-bike trail, paddle-board in hand. It’s all right outside your door.

Property Highlights

Waterfront Lady Bird Lake · Waterfront

Features

  • Breakfast Bar
  • Ceiling Fan(s)
  • High Ceilings
  • Granite Counters
  • Electric Dryer Hookup
  • Kitchen Island
  • No Interior Steps
  • Open Floorplan
  • Walk-In Closet(s)
  • Washer Hookup

Location

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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 Balcony
County Travis
MLS # 6426082

Parking

Garage 2 spaces

HOA & Community

HOA Fee $965 /Monthly
HOA Includes Common Area Maintenance, Landscaping, Maintenance Grounds, Maintenance Structure, Security, Trash

Tax Information

Annual Taxes $12,539 (2025)

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* Estimate only. Does not include HOA fees, PMI, or other costs.
This property has HOA fees of $965/monthly.

Listing History

MLS# 6426082 - Updated Feb 23, 2026 8 days
Jan 30, 2026 Listed Listing Courtesy of Womack Real Estate LLC - sherene@​womackrealestate.com $685,000

Frequently Asked Questions About 54 Rainey ST # 412, Austin TX 78701

When was 54 Rainey ST # 412, Austin TX 78701 built?

54 Rainey ST # 412, Austin TX 78701 was built in 2005.

How much does 54 Rainey ST # 412, Austin TX 78701 cost?

54 Rainey ST # 412, Austin TX 78701 is listed for sale at $685,000. That is $588 per square foot.

How many bedrooms and bathrooms does 54 Rainey ST # 412, Austin TX 78701 have?

54 Rainey ST # 412, Austin TX 78701 has 2 bedrooms and 2 bathrooms (2 full) with 1,164 square feet of living space.

What school district is 54 Rainey ST # 412, Austin TX 78701 in?

54 Rainey ST # 412, 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 # 412, Austin TX 78701 have an HOA?

Yes, 54 Rainey ST # 412, Austin TX 78701 has an HOA fee of $965 per monthly. The HOA includes common area maintenance, landscaping, maintenance grounds, maintenance structure, security, trash.

What are the property taxes on 54 Rainey ST # 412, Austin TX 78701?

The annual property taxes on 54 Rainey ST # 412, Austin TX 78701 are $12,539 (as of 2025).

How big is the lot at 54 Rainey ST # 412, Austin TX 78701?

The lot at 54 Rainey ST # 412, Austin TX 78701 is 0.0067 acres, and the home has 1,164 square feet of living space.

What type of property is 54 Rainey ST # 412, Austin TX 78701?

54 Rainey ST # 412, Austin TX 78701 is a residential property.

Does 54 Rainey ST # 412, Austin TX 78701 have a garage?

Yes, 54 Rainey ST # 412, Austin TX 78701 has a 2-car garage.

Is 54 Rainey ST # 412, Austin TX 78701 waterfront?

Yes, 54 Rainey ST # 412, Austin TX 78701 is a waterfront property on Lady Bird Lake. Waterfront features include waterfront.

What subdivision is 54 Rainey ST # 412, Austin TX 78701 in?

54 Rainey ST # 412, Austin TX 78701 is located in the Milago Condo subdivision in Austin, TX.

How long was 54 Rainey ST # 412, Austin TX 78701 on the market?

54 Rainey ST # 412, Austin TX 78701 was on the market for 8 days, listed on January 30, 2026.

What heating and cooling does 54 Rainey ST # 412, Austin TX 78701 have?

54 Rainey ST # 412, Austin TX 78701 has central heating and central air cooling.

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