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.
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.