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54 Rainey ST 1018Austin, TX 78701

For Sale

$999,000

Smart Buyer Rebate $9,990

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 or 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.

Listed by Karen Prager

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License #739700

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Urbanspace

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(512) 457-8884

Last updated August 10, 2025

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Source: ACTRIS #5853750

Listing Facts

  • TypeCondo
  • NeighborhoodBridgeview
  • Bedrooms3
  • Bathrooms3
  • Days on Prevu59
  • HOA/Maint. Fees$1,511/month
  • Size1,956 sqft
  • Price per sqft$511

Amenities

  • Dishwasher
  • Private Outdoor Space
  • Air Conditioning
  • Parking
  • Swimming Pool
  • Fitness Center

Location

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Listing History

08/07/2025
Price Decreased
$999,000
07/09/2025
Listed by Urbanspace
$1,079,000

Property Details for 54 Rainey ST 1018

Association

Amenities

  • Community Features: BBQ Pit/Grill, Bike Storage/Locker, Business Center, Cluster Mailbox, Common Grounds, Concierge, Conference/Meeting Room, Controlled Access, Curbs, Electronic Payments, Fitness Center, Garage Parking, Gated, Lake, Lock And Leave, Lounge, Package Service, Park, Pool, Property Manager On-Site, Recycling Area/Center, Rooftop Lounge, Spa/Hot Tub, Storage, Street Lights, Sundeck

Fees

  • Association Fee: $1,511.00 Monthly
  • Association Fee Includes: Common Area Maintenance, Maintenance Grounds, Maintenance Structure, Parking, Security

General

  • Association Name: Milago Condominium

Exterior

Construction

  • Property Attached: Yes
  • Property Condition: See Remarks
  • Roof: Built-Up
  • Window Features: Blinds, Window Coverings, Window Treatments
  • Year Built: 2006
  • Construction Materials: Brick, Stone, Stucco
  • Exterior Features: Balcony

Features

  • Direction Faces: NW
  • Patio And Porch Features: Covered
  • Pool Features: See Remarks
  • View: City, Downtown, Hill Country, Lake, Skyline, See Remarks
  • Waterfront Features: Lake Front
  • Waterfront: Yes

Measurements

  • Lot Features: Landscaped, Level, Many Trees, Views

Financial

Taxes

  • Parcel Number: 54 Rainey St #1018
  • Tax Assessed Value: $958,400.00
  • Tax Year: 2024

Interior

Features

  • Appliances: Built-In Electric Oven, Built-In Electric Range, Built-In Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer/Dryer Stacked, Electric Water Heater
  • Flooring: Tile, Wood
  • Interior 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)

Measurements

  • Living Area: 1,956
  • Living Area Source: Builder

Rooms

  • Bathrooms Full: 2
  • Bathrooms Half: 1
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 3
  • Main Level Bedrooms: 3

Other

Environmental

  • Green Energy Efficient: Windows

Features

  • Accessibility Features: See Remarks

Location

  • Subdivision Name: Milago Condominium
  • Water Body Name: Lady Bird Lake

Parking

Parking

  • Covered Spaces: 2
  • Garage Spaces: 2
  • Garage: Yes
  • Parking Features: Assigned, Garage, Gated
  • Parking Total: 2

Schools

Elementary School

  • Elementary School: Mathews
  • Elementary School District: Austin ISD

High School

  • High School: Austin
  • High School District: Austin ISD

Middle or Junior School

  • Middle Or Junior School: O Henry
  • Middle Or Junior School District: Austin ISD

Utilities

Equipment

  • Cooling: Central Air, Electric
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Utilities: Electricity Available, See Remarks
  • Water Source: Public

Based on information from ACTRIS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.