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54 Rainey ST 617Austin, TX 78701

For Sale

$425,000

Smart Buyer Rebate $2,750

This meticulously maintained urban condo at the Milago offers stylish living at the end of Rainey Street, with direct access to Lady Bird Lake, the hike and bike trail, and a lively array of dining and entertainment spots just steps away. This one-bedroom + study, one-bath condo showcases European plank hardwood floors, custom paint (entire condo & ceiling painted 2020), granite countertops, stainless steel appliances, a custom closet organizer, and a functional, open floor plan designed to maximize both space and comfort. Recently replaced in 2020 Rheem electric water heater and hvac. The Milago offers exceptional amenities, including a rooftop pool and hot tub with sweeping downtown views along with grills and seating, and a spacious 3rd-floor terrace outdoor seating— perfect for entertaining. Residents also enjoy 24-hour concierge service, a fitness center, a clubroom, a Wi-Fi lounge, and convenient bike storage. Recent updates include a refreshed lobby, new pool furniture, and BBQ grills. This condo blends luxury, convenience, and unbeatable location for the ultimate urban lifestyle. *Buyer to independently verify all information including but not limited to taxes, restrictions, schools, square footage, Hoa dues, year built, etc.

Listed by Kristee Leonard

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License #577711

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The Leaders Realty, LLC

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(512) 695-5144

Last updated September 02, 2025

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Source: ACTRIS #5555368

Listing Facts

  • TypeCondo
  • NeighborhoodBridgeview
  • Bedrooms1
  • Bathrooms1
  • Days on Prevu91
  • HOA/Maint. Fees$667.95/month
  • Taxes$6,611/year
  • Size865 sqft
  • Price per sqft$491

Amenities

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

Location

Mortgage Calculator

Listing History

09/02/2025
Price Decreased
$425,000
07/19/2025
Price Decreased
$450,000
06/07/2025
Listed by The Leaders Realty, LLC
$485,000

Property Details for 54 Rainey ST 617

Association

Amenities

  • Community Features: BBQ Pit/Grill, Bike Storage/Locker, Clubhouse, Concierge, Fitness Center, Google Fiber, High Speed Internet, Lake, Park, Pool

Fees

  • Association Fee: $667.95 Monthly
  • Association Fee Includes: Common Area Maintenance, Insurance, Trash

General

  • Association Name: Milago

Exterior

Construction

  • Property Condition: Updated/Remodeled
  • Roof: See Remarks
  • Window Features: Blinds
  • Year Built: 2005
  • Construction Materials: See Remarks

Features

  • Direction Faces: East
  • Pool Features: Heated, Rooftop Pool
  • Pool Private: Yes
  • View: City

Measurements

  • Lot Features: Near Public Transit

Financial

Taxes

  • Parcel Number: 02030312880000
  • Tax Annual Amount: $6,611.00
  • Tax Assessed Value: $404,894.00
  • Tax Year: 2025

Interior

Features

  • Appliances: Dishwasher, Disposal, Electric Range, Microwave, Stainless Steel Appliance(s), Electric Water Heater
  • Flooring: Tile, Wood
  • Interior Features: Built-in Features, Ceiling Fan(s), Granite Counters, Eat-in Kitchen, High Speed Internet, Open Floorplan, Primary Bedroom On Main, Smart Thermostat, Stackable W/D Connections, Walk-In Closet(s)
  • Spa Features: Hot Tub

Measurements

  • Living Area: 865
  • Living Area Source: Public Records

Rooms

  • Bathrooms Full: 1
  • Bathrooms Total Integer: 1
  • Bedrooms Total: 1
  • Main Level Bedrooms: 1

Other

Location

  • Subdivision Name: Milago Condo Amd
  • Tax Lot: 617
  • Water Body Name: Lake Austin

Parking

Parking

  • Covered Spaces: 1
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Features: Garage, Reserved, Secured
  • Parking Total: 1

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: Ceiling Fan(s), Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • 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.