54 Rainey ST # 706, Austin TX 78701

Austin, TX 78701 | Milago Condo

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This 2bd/2.0ba in MILAGO CONDO recently went under contract and closed. The good news? Similar homes are available nearby. Good news: 5 similar properties are currently available in MILAGO CONDO. Take a look below. The 6 month price trend in MILAGO CONDO: risen 79.4%. MILAGO CONDO is currently a buyer's market with 5 comparable homes on the market. Thinking about selling? Find out what your home is worth with a free market analysis. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus
2 Beds
2 Baths 2 Full
1,341 Sq Ft
0.0077 Acres
2005 Built
2 Garage

About This Property

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.

Property Highlights

Waterfront Lady Bird Lake · Waterfront

Features

  • See Remarks
  • Bar
  • Bookcases
  • Built-in Features
  • Ceiling Fan(s)
  • Chandelier
  • Granite Counters
  • Stone Counters
  • Pantry
  • Primary Bedroom on Main
  • Walk-In Closet(s)

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 Balcony, See Remarks
County Travis
MLS # 7656455
Garage 2 spaces

HOA & Community

HOA Fee $965 /Monthly
HOA Includes Common Area Maintenance, Maintenance Grounds, Maintenance Structure, See Remarks

Tax Information

Annual Taxes (MLS) $16,395 (2025)

Listing History

MLS# 7656455 16 days
Sep 1, 2026 Off Market
May 27, 2026 Pending
May 11, 2026 Listed $550,000

Frequently Asked Questions About 54 Rainey ST # 706, Austin TX 78701

When was 54 Rainey ST # 706, Austin TX 78701 built?

54 Rainey ST # 706, Austin TX 78701 was built in 2005.

How much does 54 Rainey ST # 706, Austin TX 78701 cost?

54 Rainey ST # 706, Austin TX 78701 sold on September 1, 2026. Contact us for sale price details.

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