54 Rainey ST # 1203, Austin TX 78701

Austin, TX 78701 | Milago Condo

Ed's Opinion of Value

$371,319 Ed's Estimate: $603,031 $1,067,601
Lowest Comp Recommended List: $421,000 to $431,000 Highest Comp
The estimated value of this property is $603,031, based on 6 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $421,000 and $431,000. At this price, the property would be the most expensive of 4 comparable homes on the market comparable homes currently on the market in MILAGO CONDO. Built in 2005, this home is 7 years older than the average comp, which is reflected in the adjustments. The 0.01 acre lot (smaller than the 0.05 acre average) is reflected in the estimate. Buyers in MILAGO CONDO have 4 comparable options right now, with asking prices between $415,000 and $749,000. Recent trends in MILAGO CONDO show home values have fallen 11% since 6 months ago. The most comparable recent sale is 360 Nueces ST # 3207, Austin TX 78701, with an adjusted value of $520,786; a strong comparable. Based on 6 relevant data points in MILAGO CONDO, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX
1 Beds
1 Baths 1 Full
865 Sq Ft
0.005 Acres
2005 Built
1 Garage

About This Property

LOWEST PRICE ONE BEDROOM/ONE BATH + DEN (and per sqft) IN THE BUILDING AND IN IMMACULATE CONDITION! This property was rarely used as a secondary home. Discover Your Urban Oasis at Milago Condos in the heart of Downtown Austin. Milago was the first downtown waterfront building on Rainey Street. This meticulously cared for 865sqft one-bedroom, one-bath condo with a den offers the perfect blend of sophistication and comfort. With large windows to let in natural light and an open concept kitchen, living and dining, the property provides a tranquil escape from the bustling urban landscape. The community features many amenities including a rooftop pool and hot tub with grills overlooking Lady Bird Lake and the beautiful downtown skyline, a landscaped courtyard on the 3rd floor with additional grilling area, conference room, or entertain guests in the stylishly appointed clubroom. With a state-of-the-art fitness center and 24-hour concierge service, Milago ensures your easy living coupled with upscale amenities. Experience the best of Austin living right outside your door. Immerse yourself in the vibrant culture of Rainey Street, where eclectic dining, lively bars, and entertainment options abound. Explore the trails of Lady Bird Lake right outside your building, kayak or paddle on the lake, or catch a live music performance on Sixth Street – the possibilities are endless. Don't miss this rare opportunity to own a piece of Austin's dynamic lifestyle. Schedule your private tour of Milago Condos today and discover the urban oasis you've been searching for.

Features

  • No Interior Steps
  • Open Floorplan
  • Primary Bedroom on Main
  • 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 None
County Travis
MLS # 4535376

Parking

Garage 1 spaces

HOA & Community

HOA Fee $668 /Monthly
HOA Includes Common Area Maintenance, Security, Trash

Listing History

MLS# 4535376 - Updated Mar 29, 2026 39 days (36 CDOM)
Apr 11, 2025 Off Market
Mar 10, 2025 Price Change $389,000
Feb 6, 2025 Listed $449,000

Frequently Asked Questions About 54 Rainey ST # 1203, Austin TX 78701

When was 54 Rainey ST # 1203, Austin TX 78701 built?

54 Rainey ST # 1203, Austin TX 78701 was built in 2005.

How much does 54 Rainey ST # 1203, Austin TX 78701 cost?

54 Rainey ST # 1203, Austin TX 78701 sold on April 11, 2025. 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.