54 Rainey ST # 501, Austin TX 78701

Austin, TX 78701 | Milago Condo

Ed's Opinion of Value

$516,509 Ed's Estimate: $691,221 $1,175,000
Lowest Comp Recommended List: $496,000 to $506,000 Highest Comp
Reviewing the most recent comparable transactions, this home's market value falls around $691,221. For a well positioned listing in MILAGO CONDO, I'd target the $496,000 to $506,000 range. At this price, the property would be the most expensive of 3 comparable homes on the market comparable homes currently on the market in MILAGO CONDO. The active market in MILAGO CONDO includes 3 comparable homes priced from $538,999 to $1,175,000. Recent trends in MILAGO CONDO show home values have risen 72.1% since 6 months ago. The most comparable recent sale is 603 Davis ST # 1409, Austin TX 78701, with an adjusted value of $556,711; a strong comparable. 4 comparable transactions in MILAGO CONDO support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group
2 Beds
2 Baths 2 Full
1,289 Sq Ft
0.007 Acres
2005 Built
2 Garage

About This Property

A rare opportunity to live in the highly sought-after Milago Condominiums, perfectly situated along the serene shores of Lady Bird Lake. This elegant 2-bedroom, 2-bathroom residence offers a seamless blend of comfort and modern convenience.

Step inside to find a thoughtfully designed space that will be freshly repainted before move-in, ensuring a pristine and inviting atmosphere. The unit features Google Fiber connectivity, a fairly-new HVAC system, refrigerator, and microwave, as well as a washer and dryer for ultimate convenience. The second bedroom is enhanced with a Murphy bed, while the primary suite boasts a custom-built closet, maximizing both style and functionality.

Enjoy breathtaking tree-lined and lake views from the spacious private balcony, offering a tranquil retreat in the heart of the city. Parking is effortless with two dedicated spaces, ensuring convenience and peace of mind.

The Milago offers an array of premium amenities, including a rooftop pool with panoramic views, a state-of-the-art fitness center, and 24/7 concierge service. Just steps from the vibrant hike-and-bike trail, this prime location allows you to immerse yourself in the best of downtown Austin—renowned dining, nightlife, and entertainment all just moments away.

Available for move-in starting March 1. Don't miss the chance to call this exceptional condo home!

Features

  • Breakfast Bar
  • Granite Counters
  • Eat-in Kitchen
  • Murphy Bed
  • Open Floorplan

Location

Schools

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

Property Details

Property Type Residential Lease
Flooring Carpet, Tile, Wood
Cooling Central Air
Heating Central
Exterior Balcony
County Travis
MLS # 2999521
Garage 2 spaces

Listing History

MLS# 2999521 21 days (22 CDOM)
Mar 30, 2025 Off Market
Feb 18, 2025 Listed $3,250

Frequently Asked Questions About 54 Rainey ST # 501, Austin TX 78701

When was 54 Rainey ST # 501, Austin TX 78701 built?

54 Rainey ST # 501, Austin TX 78701 was built in 2005.

How much does 54 Rainey ST # 501, Austin TX 78701 cost?

54 Rainey ST # 501, Austin TX 78701 sold on March 30, 2025. Contact us for sale price details.

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