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54 Rainey ST 922Austin, TX 78701

For Sale

$825,000

Smart Buyer Rebate $8,250

Unbelievable Austin Skyline Views | Milago Condominiums on Lady Bird Lake |

Welcome to Milago Unit 922, a spacious 2-bedroom, 2-bath condo offering breathtaking panoramic views of Downtown Austin and Lady Bird Lake. Nestled at the tranquil end of Rainey Street, this premier residence combines the serenity of lakeside living with the vibrant energy of Austin’s most desirable entertainment district.

Thoughtfully designed for modern living, this home features:
- Elegant wood floors and granite countertops
- Open-concept kitchen with sleek, modern finishes
- Oversized windows and automatic power shades
- Abundant natural light throughout

Additional features include two premium parking spaces, a dedicated storage unit, refrigerator, and stackable washer/dryer—all included for your convenience.

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

What sets Milago apart is its lush, park-like setting positioned directly on the hike-and-bike trail along the lake, offering an unmatched blend of nature and urban luxury.

This unit is a rare opportunity to own a piece of the Austin skyline in one of downtown’s most coveted buildings. Don't miss your chance to experience lakefront living in the heart of the city.

Listed by Kirk Lewis

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License #484323-0

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Kuper Sotheby's Int'l Realty

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(512) 422-2495

Last updated August 21, 2025

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Source: ACTRIS #4202725

Listing Facts

  • TypeCondo
  • NeighborhoodBridgeview
  • Bedrooms2
  • Bathrooms2
  • Days on Prevu31
  • HOA/Maint. Fees$936.75/month
  • Taxes$11,896.95/year
  • Size1,212 sqft
  • Price per sqft$681

Amenities

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

Location

Mortgage Calculator

Listing History

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

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.