54 Rainey ST # 706, Austin TX 78701
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About This Property
Located in the heart of the vibrant Rainey Street District, this exceptional residence at 54 Rainey offers one of the most breathtaking and unobstructed views in all of Austin. Unit 706 features two spacious bedrooms, two full bathrooms, a dedicated office, and an expansive open living area perfectly positioned to capture sweeping panoramic views of Lady Bird Lake and the downtown Austin skyline from nearly every angle. Floor-to-ceiling glass fills the home with natural light and creates a truly unmatched urban living experience.
Residents at 54 Rainey enjoy resort-style amenities including a stunning rooftop pool and lounge deck overlooking the city, state-of-the-art fitness center, yoga studio, dog park, concierge services, outdoor grilling and entertaining spaces, co-working areas, and beautifully designed resident lounges. Just steps from Austin’s top restaurants, nightlife, hike and bike trails, and waterfront activities, this is luxury downtown living at its finest.
Priced aggressively at just $550,000 and ready to sell. Seller financing may also be available for qualified buyers with as little as 0% down.
Property Highlights
Features
- See Remarks
- Bar
- Bookcases
- Built-in Features
- Ceiling Fan(s)
- Chandelier
- Granite Counters
- Stone Counters
- Pantry
- Primary Bedroom on Main
- Walk-In Closet(s)
Location
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Schools
Property Details
Parking
HOA & Community
Tax Information
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Estimate your monthly payment (PITI)
* Estimate only. Does not include HOA fees, PMI, or other costs.
This property has HOA fees of $965/monthly.
Listing History
| May 11, 2026 | Listed | Listing Courtesy of Spyglass Realty - dustin@spyglassrealty.com | $550,000 |
| Jan 17, 2023 | Off Market | ||
| Sep 29, 2022 | Listed | $899,000 |
| Aug 14, 2015 | Off Market | ||
| Dec 30, 2014 | Listed | $739,500 |
| Jun 11, 2012 | Off Market | ||
| May 26, 2012 | Listed | $3,300 |
Frequently Asked Questions About 54 Rainey ST # 706, Austin TX 78701
When was 54 Rainey ST # 706, Austin TX 78701 built?
54 Rainey ST # 706, Austin TX 78701 was built in 2005.
How much does 54 Rainey ST # 706, Austin TX 78701 cost?
54 Rainey ST # 706, Austin TX 78701 is listed for sale at $550,000. That is $410 per square foot.
How many bedrooms and bathrooms does 54 Rainey ST # 706, Austin TX 78701 have?
54 Rainey ST # 706, Austin TX 78701 has 2 bedrooms and 2 bathrooms (2 full) with 1,341 square feet of living space.
What school district is 54 Rainey ST # 706, Austin TX 78701 in?
54 Rainey ST # 706, 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 # 706, Austin TX 78701 have an HOA?
Yes, 54 Rainey ST # 706, Austin TX 78701 has an HOA fee of $965 per monthly. The HOA includes common area maintenance, maintenance grounds, maintenance structure, see remarks.
What are the property taxes on 54 Rainey ST # 706, Austin TX 78701?
The annual property taxes on 54 Rainey ST # 706, Austin TX 78701 are $16,395 (as of 2025).
How big is the lot at 54 Rainey ST # 706, Austin TX 78701?
The lot at 54 Rainey ST # 706, Austin TX 78701 is 0.0077 acres, and the home has 1,341 square feet of living space.
What type of property is 54 Rainey ST # 706, Austin TX 78701?
54 Rainey ST # 706, Austin TX 78701 is a residential property.
Does 54 Rainey ST # 706, Austin TX 78701 have a garage?
Yes, 54 Rainey ST # 706, Austin TX 78701 has a 2-car garage.
Is 54 Rainey ST # 706, Austin TX 78701 waterfront?
Yes, 54 Rainey ST # 706, Austin TX 78701 is a waterfront property on Lady Bird Lake. Waterfront features include waterfront.
What subdivision is 54 Rainey ST # 706, Austin TX 78701 in?
54 Rainey ST # 706, Austin TX 78701 is located in the Milago Condo subdivision in Austin, TX.
How long was 54 Rainey ST # 706, Austin TX 78701 on the market?
54 Rainey ST # 706, Austin TX 78701 was on the market for 1 days, listed on May 11, 2026.
What heating and cooling does 54 Rainey ST # 706, Austin TX 78701 have?
54 Rainey ST # 706, Austin TX 78701 has central heating and central air cooling.
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