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54 Rainey ST 922Austin, TX 78701

In Contract

$800,000

Smart Buyer Rebate $8,000

Welcome to Milago Unit 922, a spacious 2-bedroom, 2-bath residence offering breathtaking panoramic views of Downtown Austin and Lady Bird Lake. Ideally positioned at the tranquil end of Rainey Street, this premier condo blends peaceful lakeside living with immediate access to Austin’s most vibrant dining and entertainment district.

This home underwent a comprehensive $150,000 remodel in 2017, completed through a thorough six-month renovation process. Enhancements include new hardwood flooring throughout, reconfigured walls and closets for improved functionality, custom pocket doors, and fully updated bathrooms with new toilets, showers, and modern finishes. The kitchen was completely redesigned with all-new appliances, cabinetry, and countertops, creating a refined, timeless space ideal for everyday living and entertaining.

Designed for modern living, the residence features oversized windows with automatic power shades, abundant natural light throughout and seamless indoor-outdoor connection highlighting city and lake views

BONUS FEATURES include two premium ground level parking spaces, a dedicated storage unit, refrigerator, and stackable washer/dryer—all included for your convenience.

The Milago Condominiums recently completed its first building-wide assessment since original construction, funding major capital improvements including roof replacement and elevator upgrades. The seller has already paid the full assessment for Unit 922, offering peace of mind and value to the next owner. Additionally, the building will soon begin a refresh of common areas and hallways, further enhancing the community’s appeal and long-term value.

Milago residents enjoy resort-style amenities, including:
- Rooftop pool & spa with grilling stations
- 2nd-floor fitness center and club room
- 1st-floor resident lounge and landscaped outdoor patio
- 24-hour concierge service

Listed by Kirk Lewis

·

License #484323-0

·

Kuper Sotheby's Int'l Realty

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(512) 422-2495

Last updated January 29, 2026

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Source: ACTRIS #4202725

Listing Facts

  • TypeCondo
  • NeighborhoodBridgeview
  • Bedrooms2
  • Bathrooms2
  • Days on Prevu176
  • HOA/Maint. Fees$936.75/month
  • Taxes$11,896.95/year
  • Size1,212 sqft
  • Price per sqft$660

Amenities

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

Location

Mortgage Calculator

Listing History

01/29/2026
Status changed to In Contract
$800,000
01/19/2026
Price Decreased
$800,000
08/21/2025
Price Decreased
$825,000
08/06/2025
Listed by Kuper Sotheby's Int'l Realty
$875,000

Property Details for 54 Rainey ST 922

Association

Amenities

  • Community Features: BBQ Pit/Grill, Business Center, Common Grounds, Concierge, Conference/Meeting Room, Covered Parking, Fitness Center, Garage Parking, Lounge, Pool

Fees

  • Association Fee: $936.75 Monthly
  • Association Fee Includes: See Remarks

General

  • Association Name: Milago Condo Association

Exterior

Construction

  • Property Attached: Yes
  • Property Condition: Resale
  • Roof: See Remarks
  • Year Built: 2005
  • Construction Materials: See Remarks
  • Exterior Features: Balcony, Gas Grill, Private Entrance

Features

  • Direction Faces: NW
  • View: City, City Lights, Downtown, Lake, Skyline, Water
  • Waterfront Features: Lake Front
  • Waterfront: Yes

Measurements

  • Lot Size Acres: 0.00
  • Lot Size Area: 0
  • Lot Size Square Feet: 304

Financial

Taxes

  • Parcel Number: 02030313630000
  • Tax Annual Amount: $11,896.95
  • Tax Assessed Value: $629,413.00
  • Tax Year: 2025

Interior

Features

  • Appliances: Dishwasher, Disposal, Electric Range, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer/Dryer Stacked
  • Flooring: Tile, Wood
  • Interior Features: Breakfast Bar, Built-in Features, Ceiling Fan(s), High Ceilings, Primary Bedroom On Main, Walk-In Closet(s)

Measurements

  • Living Area: 1,212
  • 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
  • Tax Lot: 922
  • Water Body Name: Lady Bird Lake

Parking

Parking

  • Covered Spaces: 2
  • Garage Spaces: 2
  • Garage: Yes
  • Parking Features: Garage, 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: Central
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Water Connected
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this condo have?

There are 2 bedrooms and 2 bathrooms in this condo at 54 Rainey ST 922.

What schools are nearby to 54 Rainey ST 922?

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 922.

What are the annual taxes for 54 Rainey ST 922?

Annual taxes for this condo are estimated at $11,896.

How does 54 Rainey ST 922 compare to other condos in Bridgeview?

This condo is listed 8% below the average price for condos in Bridgeview and has been on the market for 73 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 Condo Association home owners association.

What is the square footage on this condo?

According to the MLS, this listing is 1,212 sqft.

54 Rainey ST 922 is a 2-bedroom, 2-bath condo for sale in Austin TX 78701. Available on Prevu for 176 days at $800,000. This includes a recent price decrease of $25,000. This property features 1,212 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. The home offers private outdoor space, dishwasher, air conditioning, fitness center, parking, and swimming pool. Browse 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.

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.