54 Rainey ST # 1018, Austin TX 78701

Austin, TX 78701 | Milago Condo

$989,000 $506/sqft
3 Beds
3 Baths 2 Full, 1 Half
1,956 Sq Ft
0.0113 Acres
2005 Built
2 Garage

About This Property

Experience elevated downtown living at Milago, where style, space, and sweeping views come together in one exceptional residence. This beautifully appointed 3-bedroom, 2.5-bath condo offers nearly 2,000 square feet (1,956 SF) of light-filled living space in one of Austin’s most desirable waterfront buildings.

From the moment you enter, you’re greeted by expansive windows that flood the home with natural light and frame stunning views the downtown skyline and Lady Bird Lake. Rich wood flooring runs throughout, creating a warm, cohesive feel across the open-concept living and dining areas—perfect for entertaining or simply enjoying the view.

The gorgeous kitchen is both functional and refined, featuring quartz countertops, a custom backsplash, an extra-deep sink, and abundant cabinet space for effortless organization. Whether you’re hosting friends before a night out or preparing a quiet dinner at home, this kitchen is designed to impress.

The spacious primary suite offers a true retreat, complete with a luxurious ensuite bath boasting a double vanity, large soaking tub, and separate walk-in shower. Two additional bedrooms provide flexibility for guests, a home office, or a dedicated fitness or media space.

Located just steps from the Town Lake Trail, you’ll have immediate access to miles of scenic waterfront paths, along with some of Austin’s best dining, shopping, and entertainment. Residents of Milago enjoy premium amenities including a beautiful pool and a fully equipped fitness center.

This is downtown Austin living at its finest—spacious, sophisticated, and perfectly positioned to enjoy the best of the city.

Property Highlights

Waterfront Lady Bird Lake · Lake Front

Features

  • See Remarks

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 See Remarks
Cooling Other
Heating Central
Exterior Balcony
County Travis
MLS # 2440461

Parking

Garage 2 spaces

HOA & Community

HOA Fee $1,511 /Monthly
HOA Includes See Remarks

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* Estimate only. Does not include HOA fees, PMI, or other costs.
This property has HOA fees of $1,511/monthly.

Listing History

MLS# 2440461 - Updated Mar 6, 2026 1 days (329 CDOM)
Mar 5, 2026 Listed Listing Courtesy of Compass RE Texas, LLC - mattsellsaustin@​gmail.com $989,000

Frequently Asked Questions About 54 Rainey ST # 1018, Austin TX 78701

When was 54 Rainey ST # 1018, Austin TX 78701 built?

54 Rainey ST # 1018, Austin TX 78701 was built in 2005.

How much does 54 Rainey ST # 1018, Austin TX 78701 cost?

54 Rainey ST # 1018, Austin TX 78701 is listed for sale at $989,000. That is $506 per square foot.

How many bedrooms and bathrooms does 54 Rainey ST # 1018, Austin TX 78701 have?

54 Rainey ST # 1018, Austin TX 78701 has 3 bedrooms and 3 bathrooms (2 full, 1 half) with 1,956 square feet of living space.

What school district is 54 Rainey ST # 1018, Austin TX 78701 in?

54 Rainey ST # 1018, 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 # 1018, Austin TX 78701 have an HOA?

Yes, 54 Rainey ST # 1018, Austin TX 78701 has an HOA fee of $1,511 per monthly. The HOA includes see remarks.

How big is the lot at 54 Rainey ST # 1018, Austin TX 78701?

The lot at 54 Rainey ST # 1018, Austin TX 78701 is 0.0113 acres, and the home has 1,956 square feet of living space.

What type of property is 54 Rainey ST # 1018, Austin TX 78701?

54 Rainey ST # 1018, Austin TX 78701 is a residential property.

Does 54 Rainey ST # 1018, Austin TX 78701 have a garage?

Yes, 54 Rainey ST # 1018, Austin TX 78701 has a 2-car garage.

Is 54 Rainey ST # 1018, Austin TX 78701 waterfront?

Yes, 54 Rainey ST # 1018, Austin TX 78701 is a waterfront property on Lady Bird Lake. Waterfront features include lake front.

What subdivision is 54 Rainey ST # 1018, Austin TX 78701 in?

54 Rainey ST # 1018, Austin TX 78701 is located in the Milago Condo subdivision in Austin, TX.

How long was 54 Rainey ST # 1018, Austin TX 78701 on the market?

54 Rainey ST # 1018, Austin TX 78701 was on the market for 1 days, listed on March 5, 2026.

What heating and cooling does 54 Rainey ST # 1018, Austin TX 78701 have?

54 Rainey ST # 1018, Austin TX 78701 has central heating and other cooling.

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