54 Rainey ST # 405, Austin TX 78701

Off Market

Large Living with warm hardwood floors, abundant natural light and ceiling fan

Additional photos available to registered users

Ed's Opinion of Value

$308,624 Ed's Estimate: $458,006 $557,406

Lowest Comp Recommended List: $449,000 to $467,000 Highest Comp

Taking into account 5 nearby comparable sales, this property's estimated value comes to $458,006. If we were to list this property today, I'd recommend a list price in the $449,000 to $467,000 range. Relative to what's currently available in MILAGO CONDO, this home would be the 3rd most expensive of 7 comparable homes on the market. 7 similar homes are currently available in MILAGO CONDO, creating a buyer's market for this price range. The 6 month price trend in MILAGO CONDO: risen 48.8%. The best comp here is 360 Nueces ST # 1112, Austin TX 78701 at an adjusted value of $391,993, 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

MILAGO CONDO Market Trends

$610,000 Median Sold Price ▲ 48.8% 6mo

$497/sqft Median $/SqFt ▲ 17.4% 6mo

70 days Avg Days on Market 49 days faster

6 homes Active Inventory 9 mo supply

102.7% Sale-to-List Ratio

4 Sales (6 months)

$366,658 Tax Assessed (2025)

Recently Sold Comparables

$391,993 adjusted 360 Nueces ST # 1112, Austin TX 78701 1bd / 1.0ba • 812 sqft • 0.9 mi Sold 4 days ago

$308,624 adjusted 603 Davis ST # 2007, Austin TX 78701 1bd / 1.0ba • 879 sqft • 0.2 mi Sold 3 months ago

$557,406 adjusted 360 Nueces ST # 914, Austin TX 78701 1bd / 1.0ba • 832 sqft • 0.9 mi Sold 5 months ago

$475,965 adjusted 360 Nueces ST # 2807, Austin TX 78701 1bd / 1.0ba • 852 sqft • 0.9 mi Sold 4 months ago

$537,955 adjusted 222 West Ave # 1112, Austin TX 78701 1bd / 1.0ba • 821 sqft • 1 mi Sold 7 months ago

Currently on Market

$339,000 54 Rainey ST # 811, Austin TX 78701 1bd / 1.0ba • 756 sqft • 0 mi 136 days on market

$509,000 54 Rainey ST, Austin TX 78701 1bd / 1.0ba • 798 sqft • 0 mi 56 days on market

$339,000 54 Rainey ST # 415, Austin TX 78701 1bd / 1.0ba • 756 sqft • 0 mi 112 days on market

1 Beds

1 Baths 1 Full

781 Sq Ft

0.005 Acres

2005 Built

1 Garage

About This Property

LOCATION LOCATION LOCATION...One of the best values in LUXURY high rise living in Downtown Austin. You'll love this spacious 1-bedroom condo with an open and light floor plan featuring expansive energy efficient windows, high ceilings, and a private balcony overlooking vibrant Rainey Street. Stackable washer/dryer and a large walk-in closet are a plus. Living at Milago there are many standout amenities such as a rooftop pool and hot tub with extraordinary views, bbq and lounge, fitness room, clubroom, wi-fi lounge and 24 hour concierge for that unbeatable first class experience. Enjoy direct access to the Shores of Lady Bird Lake and the Hike-and-Bike Trail. Built in 2005 this high rise stands 13 stories tall and houses 240 residential units. HOA covers common area maintenance, insurance, trash services and 24 hr concierge. Don't miss an opportunity to live downtown enjoy countless eateries, shops and entertainment venues at an incredible value!!!

Property Highlights

View City, Creek/Stream, Downtown, Lake

Features

No Interior Steps
Primary Bedroom on Main

Location

Map loading...

Schools

School District Austin ISD

Elementary Mathews

Middle School O Henry

High School Austin

Property Details

Property Type Residential

Construction Brick, Concrete, Stucco

Roof Membrane

Foundation Slab

Levels One

Flooring Wood

Cooling Central Air

Heating Central

Exterior Balcony

County Travis

MLS # 4581585

Garage 1 spaces

Parking 1 spaces: Garage, Guest, Heated Garage

Windows Double Pane Windows

Security Building Security

Lot, Outdoor & Utilities

Lot Features Cul-De-Sac, Curbs, Many Trees

Water Public

Sewer Public Sewer

Utilities Cable Connected, Electricity Connected, Sewer Connected, Water Connected

HOA & Community

HOA Fee $603 /Monthly

HOA Name Milago Condominium Assoc

HOA Includes Common Area Maintenance, Maintenance Grounds, Security

Community Features BBQ Pit/Grill, Concierge, Fitness Center, Garage Parking, Pool

Tax Information

Annual Taxes (MLS) $5,456 (2025)

Assessed Value $366,658

Exemptions Homestead

Listing History

MLS# 4581585 12 days

Dec 8, 2025	Off Market
Oct 10, 2025	Listed		$349,900

MLS# 3784652 8 days

Jun 29, 2012	Off Market
Jun 5, 2012	Listed		$250,000

MLS# 6867319 39 days

Sep 17, 2011	Off Market
Aug 9, 2011	Listed		$1,600

MLS# 6797319 18 days

Nov 12, 2010	Off Market
Oct 25, 2010	Listed		$1,400

MLS# 1047432

Jul 7, 2006	Pending
Jun 27, 2006	Off Market
Jun 27, 2006	Listed	$249,900

Frequently Asked Questions About 54 Rainey ST # 405, Austin TX 78701

When was 54 Rainey ST # 405, Austin TX 78701 built?

54 Rainey ST # 405, Austin TX 78701 was built in 2005. It is brick, concrete, stucco construction with 781 square feet on a 0.005 acre lot.

How much does 54 Rainey ST # 405, Austin TX 78701 cost?

54 Rainey ST # 405, Austin TX 78701 sold on December 8, 2025. Contact us for sale price details.

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