54 Rainey ST # 1018, Austin TX 78701

Austin, TX 78701 | Milago Condominium

Ed's Opinion of Value

$1,295,000 Ed's Estimate: $1,566,933 $3,500,000
Lowest Comp Recommended List: $1,536,000 to $1,598,000 Highest Comp

Listing History

$999,000 List Price
$1,684,910 Comp Value
0 Price Reductions

This property was listed at $999,000 and expired after 171 days on market. This listing activity factors into the valuation.

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $1,566,933. Pricing this home between $1,536,000 and $1,598,000 would put it in the competitive sweet spot for 78701. This home's position in the current 78701 market: the 3rd most expensive of 7 comparable homes on the market among comparable properties. The comp data here (7 sales in 78701) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus
3 Beds
3 Baths 2 Full, 1 Half
1,956 Sq Ft
2006 Built
2 Garage

About This Property

Bring Offer!!!
Ideally situated on a high floor of the Milago, this expansive 1,956 SF corner residence offers unobstructed views of the Austin skyline and Lady Bird Lake. With a flexible layout featuring three bedrooms (or two with home office/study) this home is thoughtfully designed for both comfort and sophistication. The open-concept living and dining areas flow into the kitchen with generous counter space, stainless steel appliances, and a large pantry. The primary suite is a true retreat, complete with a walk-in closet, private balcony, and a spacious spa-like bath featuring a soaking tub, glass-enclosed shower, dual vanity, and great storage. The second bedroom includes its own en-suite bath, providing comfort and privacy for guests. Additional features include two reserved parking spaces and a private storage unit.
Perhaps one of the best secrets in town, The Milago is located on the quiet end of Rainey Street with direct access to the Hike & Bike Trail while being steps away from restaurants, bars, and entertainment, offering a rare balance of lakeside calm and downtown connectivity. The building's full-service amenities include a 24-hour concierge, rooftop pool and spa, fitness center, business center, third-floor terrace with BBQ and seating, and secure bike storage.

Property Highlights

Waterfront Lady Bird Lake ยท Lake Front

Features

  • Breakfast Bar
  • Ceiling Fan(s)
  • High Ceilings
  • Quartz Counters
  • Double Vanity
  • Open Floorplan
  • Primary Bedroom on Main
  • Stackable W/D Connections
  • Storage
  • Walk-In Closet(s)

Location

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, Electric
Heating Central, Electric
Exterior Balcony
County Travis
MLS # 5853750

Parking

Garage 2 spaces

HOA & Community

HOA Fee $1,511 /Monthly
HOA Includes Common Area Maintenance, Maintenance Grounds, Maintenance Structure, Parking, Security

Listing History

MLS# 5853750 171 days (328 CDOM)
Dec 27, 2025 Off Market
Aug 7, 2025 Price Change $999,000
Jul 9, 2025 Listed $1,079,000

Frequently Asked Questions About 54 Rainey ST # 1018, Austin TX 78701

When was 54 Rainey ST # 1018, Austin TX 78701 built?

54 Rainey ST # 1018, Austin TX 78701 was built in 2006.

How much does 54 Rainey ST # 1018, Austin TX 78701 cost?

54 Rainey ST # 1018, Austin TX 78701 is currently off market.

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