54 Rainey ST # 1201, Austin TX 78701

Austin, TX 78701 | Milago Condos

Ed's Opinion of Value

$464,424 Ed's Estimate: $684,780 $949,000
Lowest Comp Recommended List: $804,000 to $865,000 Highest Comp
Reviewing the most recent comparable transactions, this home's market value falls around $684,780. For a well positioned listing in MILAGO CONDOS, I'd target the $804,000 to $865,000 range. At this price, the property would be the 2nd least expensive of 6 comparable homes on the market comparable homes currently on the market in MILAGO CONDOS. 6 similar homes are currently available in MILAGO CONDOS, creating a buyer's market for this price range. Recent trends in 78701 show home values have fallen 9.8% since 6 months ago. The most comparable recent sale is 360 Nueces ST # 1811, Austin TX 78701, with an adjusted value of $786,462; a strong comparable. 7 comparable transactions in MILAGO CONDOS 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
2005 Built
2 Garage

About This Property

Come home to your condo in one of the most popular areas of Austin. Situated right on the hike and bike trail, this corner unit on the 12th floor offers stunning views of Lady Bird Lake and the popular Rainey St District and East Austin. Live the Austin life with easy access to the lake, shops, restaurants, and see the bats fly at dusk from the comfort of your generously sized private balcony. The Milago has every amenity you'll need to feel right at home - a recently updated rooftop deck with a pool, spa, fire pit, outdoor dining, and two gas grills that face downtown. A terrace with grills and outdoor dining on the third floor. A modern club room that can be rented, a fitness studio, a WiFi lounge, and a bike storage room. Packages are received by a building staff member and delivered right to your front door and there is also laundry service available through local vendors. This unit also comes with a storage locker.

Features

  • Breakfast Bar
  • High Ceilings
  • Primary Bedroom on Main
  • Track Lighting
  • Walk-In Closet(s)

Location

Map loading...

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 Barbecue, Gas Grill
County Travis
MLS # 6821770

Parking

Garage 2 spaces

HOA & Community

HOA Fee $709 /Monthly
HOA Includes Insurance, Maintenance Structure, Trash, Water, See Remarks

Listing History

MLS# 6821770 - Updated Mar 22, 2026 13 days
May 10, 2022 Off Market
Mar 3, 2022 Listed $945,000

Frequently Asked Questions About 54 Rainey ST # 1201, Austin TX 78701

When was 54 Rainey ST # 1201, Austin TX 78701 built?

54 Rainey ST # 1201, Austin TX 78701 was built in 2005.

How much does 54 Rainey ST # 1201, Austin TX 78701 cost?

54 Rainey ST # 1201, Austin TX 78701 sold on May 10, 2022. Contact us for sale price details.

Similar Properties

Browse More Properties

Request Tour

Contact Agent

Interested in this property?

Get more information or schedule a tour

By submitting this form, you consent to receive communications from Neuhaus Realty Group via phone, email, or text regarding your property inquiry. You may opt out at any time. Your information will not be shared. See our Privacy Policy.