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 two bedrooms with home office/study (or three bedrooms) 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 December 08, 2025
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Source: ACTRIS #5853750
Listing Facts
TypeCondo
NeighborhoodBridgeview
Bedrooms2
Bathrooms3
Days on Prevu154
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
Mortgage Calculator
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
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: 2
Main Level Bedrooms: 2
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
Frequently Asked Questions
How many bedrooms and bathrooms does this condo have?
There are 2 bedrooms and 3 bathrooms in this condo at 54 Rainey ST 1018.
What schools are nearby to 54 Rainey ST 1018?
Nearby schools include the Mathews Elementary School, O Henry Middle School, and Austin High School.
Does this condo have parking?
Yes, there are 2 parking spaces available for 54 Rainey ST 1018.
How does 54 Rainey ST 1018 compare to other condos in Bridgeview?
This condo is listed 15% above the average price for condos in Bridgeview and has been on the market for 51 more days than the typical home in this area.
What building or home owners association is the condo part of?
This condo is part of the Milago Condominium home owners association.
What is the square footage on this condo?
According to the MLS, this listing is 1,956 sqft.
54 Rainey ST 1018 is a 2-bedroom, 3-bath condo for sale in Austin TX 78701. Available on Prevu for 154 days at $999,000. This includes a recent price decrease of $80,000. This property features 1,956 square feet of living space, located in Bridgeview. The median listing price for condos in this area is $667,000. Nearby schools include Mathews Elementary School, O Henry Middle School, and Austin High School. Property amenities include private outdoor space, dishwasher, air conditioning, fitness center, parking, and swimming pool. Explore more condo listings in Austin.
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.
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.
