54 Rainey ST, Austin TX 78701

Austin, TX 78701 | Milago Condo

$509,000 $638/sqft
1 Beds
1 Baths 1 Full
798 Sq Ft
2005 Built
1 Garage

About This Property

A rare opportunity to live on the Penthouse Floor at Milago, where elevated downtown living meets the tranquility of Lady Bird Lake. Set on the building’s private top residential floor, this distinctive one-bedroom residence offers 10-foot ceilings, professionally designed walk-in closet, added security and an exceptional 165-square-foot double covered balcony with beautiful lake views—creating a seamless extension of the living space.

The penthouse floor has just undergone a beautiful renovation of its common areas, adding a fresh, sophisticated arrival experience exclusive to this level. Throughout Milago, additional common spaces are also in the midst of an extensive renovation, bringing a new level of style and refinement to the building.

Inside, fresh interior paint creates polished feel, while the kitchen features granite countertops, modern cabinetry and stainless steel appliances. Dining area offers generous space for entertaining, working from home or simply enjoying the luxury of extra room.

Just above, escape to the rooftop pool and hot tub, where sweeping skyline views provide a spectacular backdrop for morning swims or evenings under the city lights. Residents also enjoy a private lounge, clubroom, conference space, fitness center and 24-hour concierge. Parking and Storage.

Property Highlights

Waterfront Lady Bird Lake · Lake Front

Features

  • Breakfast Bar
  • High Ceilings
  • Primary Bedroom on Main
  • Granite Counters

Location

Schools

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

Property Details

Property Type Residential
Flooring Carpet, Slate, Wood
Cooling Central Air
Heating Central
Exterior Balcony
County Travis
MLS # 6916651
Garage 1 spaces

HOA & Community

HOA Fee $661 /Monthly
HOA Includes Common Area Maintenance, Insurance, Parking, Trash

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This property has HOA fees of $661/monthly.

Tax Information

Annual Taxes (MLS) $7,710 (2026)

Listing History

MLS# 6916651 - Updated Sep 14, 2026 1 days
Aug 22, 2026 Listed Listing Courtesy of Christies Intl Real Estate Lone Star - jonna@​christiesrealestatels.com $509,000

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 2005.

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

54 Rainey ST, Austin TX 78701 is listed for sale at $509,000. That is $638 per square foot.

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

54 Rainey ST, Austin TX 78701 has 1 bedrooms and 1 bathrooms (1 full) with 798 square feet of living space.

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

54 Rainey ST, 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, Austin TX 78701 have an HOA?

Yes, 54 Rainey ST, Austin TX 78701 has an HOA fee of $661 per monthly. The HOA includes common area maintenance, insurance, parking, trash.

What are the property taxes on 54 Rainey ST, Austin TX 78701?

The annual property taxes on 54 Rainey ST, Austin TX 78701 are $7,710 (as of 2026).

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

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

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

Yes, 54 Rainey ST, Austin TX 78701 has a 1-car garage.

Is 54 Rainey ST, Austin TX 78701 waterfront?

Yes, 54 Rainey ST, Austin TX 78701 is a waterfront property on Lady Bird Lake. Waterfront features include lake front.

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

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

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

54 Rainey ST, Austin TX 78701 was on the market for 1 days, listed on August 22, 2026.

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

54 Rainey ST, Austin TX 78701 has central heating and central air cooling.

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