54 Rainey ST # 817, Austin TX 78701

Austin, TX 78701 | Milago Condo

Ed's Opinion of Value

$371,319 Ed's Estimate: $602,852 $1,067,601
Lowest Comp Recommended List: $421,000 to $431,000 Highest Comp
Taking into account 6 nearby comparable sales, this property's estimated value comes to $602,852. If we were to list this property today, I'd recommend a list price in the $421,000 to $431,000 range. This home's position in the current MILAGO CONDO market: the most expensive of 4 comparable homes on the market among comparable properties. Being built in 2005 (7 years older than comps) is factored into the value estimate. Lot size matters here: 0.01 acres versus 0.05 for the typical comp. The active market in MILAGO CONDO includes 4 comparable homes priced from $415,000 to $749,000. The 6 month price trend in MILAGO CONDO: fallen 11%. The best comp here is 360 Nueces ST # 3207, Austin TX 78701 at an adjusted value of $520,786, a strong comparable. The strength of this estimate comes from 6 directly comparable sales in MILAGO CONDO. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group
1 Beds
1 Baths 1 Full
865 Sq Ft
0.005 Acres
2005 Built
1 Garage

About This Property

Experience the luxury of this stunning one-bedroom condo, offering an incredible view. Step inside to discover the elegance of wood floors, and granite countertops. The kitchen boasts stainless steel appliances, with double oven, and the convenience of a stacked washer and dryer adds to the modern appeal. Enjoy the impressive amenities of the Milago building, including a rooftop terrace with a pool and hot tub, BBQ grills, a fitness room, club room, ground-level lounge and patio, and 24/7 concierge services. Located in the historic Rainey Street District beside Lady Bird Lake, you'll find yourself surrounded by restaurants, the convenience of Royal Blue Grocery, Salvation Pizza and Kitchen Bar, Standard Proof, Cuvee Coffee, Emmer and Rye, Geraldine’s at Hotel Van Zandt, Limestone Rooftop Bar at Cambria Hotel and a Salon/Spa within feet of walking out the building. A vibrant nightlife scene is just up the block. Take advantage of the proximity to outdoor activities - bike, paddle board, kayak, run, or simply take a leisurely walk along the hike and bike trail or in the newly completed Rainey Trailhead. Live music, dining, and cocktails are all within walking distance, providing an unparalleled urban lifestyle. Reserved Parking Space #243 ensures convenience, allowing you to embrace a lock-and-leave lifestyle. Discover the unmatched value of Milago Condominium and make this exceptional condo your new home. Welcome to a lifestyle where sophistication meets convenience.

Features

  • Ceiling Fan(s)
  • Granite Counters
  • Open Floorplan
  • Primary Bedroom on Main
  • Smart Thermostat
  • Stackable W/D Connections

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 Carpet, Tile, Wood
Cooling Central Air
Heating Central
Exterior Balcony
County Travis
MLS # 5369967

Parking

Garage 1 spaces

HOA & Community

HOA Fee $596 /Monthly
HOA Includes Common Area Maintenance, Maintenance Grounds, Maintenance Structure, Trash

Tax Information

Annual Taxes $8,307 (2024)

Listing History

MLS# 5369967 - Updated Mar 22, 2026 339 days
Aug 4, 2025 Off Market
Jun 24, 2025 Price Change $299,000
Jul 25, 2024 Listed $460,000

Frequently Asked Questions About 54 Rainey ST # 817, Austin TX 78701

When was 54 Rainey ST # 817, Austin TX 78701 built?

54 Rainey ST # 817, Austin TX 78701 was built in 2005.

How much does 54 Rainey ST # 817, Austin TX 78701 cost?

54 Rainey ST # 817, Austin TX 78701 sold on August 4, 2025. Contact us for sale price details.

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