54 Rainey ST, Austin TX 78701

Austin, TX 78701 | Milago Condo

Ed's Opinion of Value

$375,760 Ed's Estimate: $621,573 $1,073,844
Lowest Comp Recommended List: $408,000 to $418,000 Highest Comp
Based on 5 closed sales in MILAGO CONDO, the data points to a value around $621,573 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $408,000 to $418,000. This pricing would rank the home as the most expensive of 7 comparable homes on the market in MILAGO CONDO's current inventory. Being built in 2006 (6 years older than comps) is factored into the value estimate. Current inventory shows 7 comparable homes in MILAGO CONDO; a buyer's market based on recent absorption. Market data shows 78701 prices fallen 23.9% over the last half year. The closest comparable sale, 360 Nueces ST # 3207, Austin TX 78701 at an adjusted $525,495, is a strong comparable. This estimate draws on 5 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus
1 Beds
1 Baths 1 Full
875 Sq Ft
0.005 Acres
2006 Built
1 Garage

About This Property

Milago Penthouse Condo for Lease. Nestled on the banks of Lady Bird Lake with spectacular views, his Milago Penthouse floor plan is special in that the Den/Study/Flex Rm has lake and hill country views. Seven windows across the living and study areas. Watch the racing shells early in the morning on constant level Lady Bird Lake, see the paddle boarders in the afternoon, the sightseeing cruises in the evening and the magnificent bats at dusk. Step out the back door onto the trail for a run, a walk or a bike ride. It’s all here and accessible with no other buildings between you, Lady Bird Lake and downtown. Enjoy spectacular views from every room and enjoy a glass of wine by the window or on the balcony. Work out in the Fitness Center with trail and lake views. The Club Room on 2nd Level is available for community gatherings and private use at no charge. Milago is one of downtown Austin's best kept secrets and the only building directly on Lady Bird Lake / Hike-&-Bike Trail. Take pleasure in the natural surroundings while being just a short distance to all the best hotels, restaurants, and bars in the Historical Rainey Street District. Bldg Amenities include guest parking, a 1st floor WiFi lounge with access to the ground level patio adjacent to trail, 3rd level terrace with a grill and lounge area and the rooftop area w/pool, hot tub, outdoor grills, cabanas and a fire pit. Milago is the best value in all of Downtown Austin. Please note Milago's one time fees: $300 move-in fee + $500 elevator reservation deposit that is fully refunded if there is no damage to elevator.

Features

  • Ceiling Fan(s)
  • Granite Counters
  • Open Floorplan
  • Stackable W/D Connections
  • Track Lighting
  • 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 Wood
Cooling Central Air
Heating Central
Exterior Balcony
County Travis
MLS # 1977353

Parking

Garage 1 spaces

Listing History

MLS# 1977353 67 days
Jan 9, 2024 Off Market
Nov 3, 2023 Listed $2,900

Frequently Asked Questions About 54 Rainey ST, Austin TX 78701

When was 54 Rainey ST, Austin TX 78701 built?

54 Rainey ST, Austin TX 78701 was built in 2006.

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

54 Rainey ST, Austin TX 78701 sold on January 9, 2024. Contact us for sale price details.

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