54 Rainey ST # 1201, Austin TX 78701

Austin, TX 78701 | Milago Condo

$4,900/mo
2 Beds
2 Baths 2 Full
1,289 Sq Ft
0.0074 Acres
2005 Built
2 Garage

About This Property

Experience elevated downtown living in this stunning south-facing 2-bedroom, 2-bath residence at Milago, one of Austin's premier waterfront high-rises. Perched on the 12th floor, Unit 1201 is filled with natural light and showcases breathtaking views of Lady Bird Lake, two balconies, lush treetops, and the Austin skyline through expansive floor-to-ceiling windows. The thoughtfully designed open-concept floor plan features wide-plank wood flooring, high ceilings, and spacious living and dining areas that flow seamlessly to a private covered balcony, perfect for enjoying morning coffee, spectacular sunsets, or watching paddleboarders and kayakers on the lake below. The sleek modern kitchen is appointed with contemporary cabinetry, quartz countertops, stainless steel appliances, and generous storage, making it ideal for everyday living and entertaining. The spacious primary suite offers oversized windows, ample closet space, and a beautifully finished en-suite bath. A well-appointed second bedroom and adjacent full bath provide flexibility for guests, a home office, or a roommate-friendly layout. This unit comes with a dedicated climate controlled storage space. Milago residents enjoy resort-style amenities including a rooftop pool and spa overlooking Lady Bird Lake, a fully equipped fitness center, resident clubroom, conference room, Wi-Fi lounge, 24-hour concierge, controlled access, secure parking, and direct access to the Ann and Roy Butler Hike-and-Bike Trail. Ideally located between the vibrant Rainey Street District and Downtown Austin, you'll be just steps from acclaimed restaurants, coffee shops, live music, parks, kayaking, paddle-boarding, and Austin's best entertainment. Offering luxury, convenience, and exceptional south-facing views, this residence is an outstanding opportunity to experience the very best of downtown waterfront living.

Features

  • 2 Primary Suites
  • Ceiling Fan(s)
  • High Ceilings
  • Quartz Counters
  • Open Floorplan
  • Pantry
  • Recessed Lighting
  • Smart Thermostat
  • Soaking Tub
  • Storage
  • Walk-In Closet(s)

Location

Schools

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

Property Details

Property Type Residential Lease
Flooring Tile, Wood
Cooling Ceiling Fan(s), Central Air
Exterior Balcony
County Travis
MLS # 2708728
Garage 2 spaces

Listing History

MLS# 2708728 - Updated Jul 8, 2026 3 days
Jun 26, 2026 Listed Listing Courtesy of Womack Real Estate LLC - sherene@​womackrealestate.com $4,900

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 is listed for sale at $4,900. That is $4 per square foot.

How many bedrooms and bathrooms does 54 Rainey ST # 1201, Austin TX 78701 have?

54 Rainey ST # 1201, Austin TX 78701 has 2 bedrooms and 2 bathrooms (2 full) with 1,289 square feet of living space.

What school district is 54 Rainey ST # 1201, Austin TX 78701 in?

54 Rainey ST # 1201, Austin TX 78701 is in the Austin ISD school district. Assigned schools include Mathews (elementary), O Henry (middle), Austin (high school).

How big is the lot at 54 Rainey ST # 1201, Austin TX 78701?

The lot at 54 Rainey ST # 1201, Austin TX 78701 is 0.0074 acres, and the home has 1,289 square feet of living space.

What type of property is 54 Rainey ST # 1201, Austin TX 78701?

54 Rainey ST # 1201, Austin TX 78701 is a residential lease property.

Does 54 Rainey ST # 1201, Austin TX 78701 have a garage?

Yes, 54 Rainey ST # 1201, Austin TX 78701 has a 2-car garage.

What subdivision is 54 Rainey ST # 1201, Austin TX 78701 in?

54 Rainey ST # 1201, Austin TX 78701 is located in the Milago Condo subdivision in Austin, TX.

How long was 54 Rainey ST # 1201, Austin TX 78701 on the market?

54 Rainey ST # 1201, Austin TX 78701 was on the market for 3 days, listed on June 26, 2026.

What heating and cooling does 54 Rainey ST # 1201, Austin TX 78701 have?

54 Rainey ST # 1201, Austin TX 78701 has ceiling fan(s), central air cooling.

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