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54 Rainey ST 713Austin, TX 78701

For Sale

$540,000

Smart Buyer Rebate $5,400

Special Financing Options Available! Welcome to Milago, the pinnacle of happiness living in the heart of Downtown Austin! Situated directly on the banks of Lady Bird Lake, Milago offers rare and direct access to the Hike & Bike Trail—just steps outside the building’s doors. As one of the only buildings in Austin located right on the trail, it provides the perfect blend of city convenience and lakeside tranquility, placing you moments away from the best dining, entertainment, and outdoor activities Austin has to offer.

Step into the spacious, open-concept floor plan featuring rich hardwood floors throughout the kitchen and living areas, creating a warm and inviting atmosphere. The kitchen is a chef’s dream, boasting upgraded tile backsplash, stainless steel appliances, a built-in wine fridge, and a center island perfect for entertaining. The living area flows seamlessly to a covered patio, where you can unwind while taking in the vibrant energy of Rainey Street.

The thoughtfully designed layout ensures privacy and comfort, with each bedroom located on opposite sides of the unit, each with its own bathroom and spacious walk-in closet. The primary suite features an upgraded built-in closet system, adding both style and functionality. Natural light floods the unit through large, operable windows, offering sweeping views of Downtown Austin, Lady Bird Lake, and the scenic Hill Country.

Milago offers a full suite of premium amenities, including a 24/7 concierge, a rooftop pool and hot tub with panoramic views, an outdoor lounge with grilling stations, a state-of-the-art fitness center, and a stylish club room. Two reserved garage parking spaces, conveniently located near the elevator, and a storage unit are also included for added convenience.

Experience the perfect blend of nature and city living at Milago – where you can enjoy the tranquility of lakeside greenery while being steps away from Austin’s vibrant nightlife and dining scene.

Listed by Adelina Rotar

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License #724684

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Keller Williams Realty

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(512) 522-9715

Listed by Akash Prakash

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License #745591

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Keller Williams Realty

Last updated July 30, 2025

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Source: ACTRIS #1870432

Listing Facts

  • TypeCondo
  • NeighborhoodBridgeview
  • Bedrooms2
  • Bathrooms2
  • Days on Prevu171
  • HOA/Maint. Fees$675.53/month
  • Size1,164 sqft
  • Price per sqft$464

Amenities

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

Location

Mortgage Calculator

Listing History

07/30/2025
Price Decreased
$540,000
07/03/2025
Price Decreased
$575,000
05/21/2025
Price Decreased
$585,000
03/19/2025
Listed by Keller Williams Realty
$595,000

Property Details for 54 Rainey ST 713

Association

Amenities

  • Community Features: BBQ Pit/Grill, Concierge, Controlled Access, Fitness Center, Lounge, Pool, Rooftop Lounge, Spa/Hot Tub, Sundeck

Fees

  • Association Fee: $675.53 Monthly
  • Association Fee Includes: Maintenance Grounds, Trash, Water, See Remarks

General

  • Association Name: Milago HOA

Exterior

Construction

  • Property Attached: Yes
  • Property Condition: Resale
  • Roof: Shingle, See Remarks
  • Window Features: Window Treatments
  • Year Built: 2005
  • Construction Materials: Masonry – All Sides, See Remarks
  • Exterior Features: Balcony, No Exterior Steps

Features

  • Direction Faces: East
  • Fencing: Fenced, See Remarks
  • Pool Features: In Ground, Pool/Spa Combo
  • Pool Private: Yes
  • View: City, Hill Country, Lake, Panoramic
  • Waterfront Features: River Front
  • Waterfront: Yes

Measurements

  • Lot Features: Views, See Remarks
  • Lot Size Acres: 0.00
  • Lot Size Area: 0
  • Lot Size Square Feet: 304

Financial

Taxes

  • Parcel Number: 02030313080000
  • Tax Assessed Value: $543,201.00
  • Tax Year: 2024

Interior

Features

  • Appliances: Built-In Oven(s), Dishwasher, Disposal, Electric Cooktop, ENERGY STAR Qualified Appliances, Gas Cooktop, Gas Range, Microwave, Oven, Refrigerator, Stainless Steel Appliance(s), Washer/Dryer
  • Flooring: Tile, Wood
  • Interior Features: Breakfast Bar, Ceiling Fan(s), High Ceilings, Granite Counters, Elevator, No Interior Steps, Primary Bedroom On Main, Recessed Lighting, Walk-In Closet(s), See Remarks
  • Spa Features: Hot Tub, In Ground

Measurements

  • Living Area: 1,164
  • Living Area Source: Public Records

Rooms

  • Bathrooms Full: 2
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 2
  • Main Level Bedrooms: 2

Other

Location

  • Subdivision Name: Milago Condo Amd
  • Water Body Name: Lady Bird Lake

Parking

Parking

  • Covered Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Additional Parking, Reserved
  • 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
  • Heating: Electric
  • Sewer: See Remarks
  • Utilities: Electricity Available, Phone Available, Water Available, See Remarks
  • Water Source: See Remarks

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.