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54 Rainey ST PH20Austin, TX 78701

For Sale

$509,000

Smart Buyer Rebate $5,090

A rare opportunity to live on the Penthouse Floor at Milago, where elevated downtown living meets the tranquility of Lady Bird Lake. Set on the building’s private top residential floor, this distinctive one-bedroom residence offers 10-foot ceilings, professionally designed walk-in closet, added security and an exceptional 165-square-foot double covered balcony with beautiful lake views—creating a seamless extension of the living space.

The penthouse floor has just undergone a beautiful renovation of its common areas, adding a fresh, sophisticated arrival experience exclusive to this level. Throughout Milago, additional common spaces are also in the midst of an extensive renovation, bringing a new level of style and refinement to the building.

Inside, fresh interior paint creates polished feel, while the kitchen features granite countertops, modern cabinetry and stainless steel appliances. Dining area offers generous space for entertaining, working from home or simply enjoying the luxury of extra room.

Just above, escape to the rooftop pool and hot tub, where sweeping skyline views provide a spectacular backdrop for morning swims or evenings under the city lights. Residents also enjoy a private lounge, clubroom, conference space, fitness center and 24-hour concierge. Parking and Storage.

Listed by Jonna Juul-Hansen

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License #591545

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Christies Intl Real Estate Lone Star

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(512) 663-8881

Last updated September 09, 2026

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Source: ACTRIS #6916651

Listing Facts

  • TypeCondo
  • NeighborhoodBridgeview
  • Bedrooms1
  • Bathrooms1
  • Days on Prevu24
  • HOA/Maint. Fees$661/month
  • Taxes$7,709.97/year
  • Size798 sqft
  • Price per sqft$638

Amenities

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

Location

Mortgage Calculator

Listing History

08/22/2026
Listed by Christies Intl Real Estate Lone Star
$509,000
  1. 08/22/2026$509,000
    Listed by Christies Intl Real Estate Lone Star

Property Details for 54 Rainey ST PH20

Association

Amenities

  • Community Features: BBQ Pit/Grill, Bike Storage/Locker, Business Center, Concierge, Fitness Center, Gated, Package Service, Pool, Property Manager On-Site, Spa/Hot Tub

Fees

  • Association Fee: $661.00 Monthly
  • Association Fee Includes: Common Area Maintenance, Insurance, Parking, Trash

General

  • Association Name: Milago

Exterior

Construction

  • Property Condition: Resale
  • Roof: See Remarks
  • Window Features: Window Treatments
  • Year Built: 2005
  • Construction Materials: Masonry – All Sides
  • Exterior Features: Balcony

Features

  • Direction Faces: SW
  • View: Lake, Panoramic, River
  • Waterfront Features: Lake Front
  • Waterfront: Yes

Measurements

  • Lot Features: Back To Park/Greenbelt

Financial

Taxes

  • Parcel Number: 02030314410000
  • Tax Annual Amount: $7,709.97
  • Tax Assessed Value: $428,291.00
  • Tax Year: 2026

Interior

Features

  • Appliances: Built-In Oven(s), Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Free-Standing Range, Refrigerator, Washer/Dryer Stacked
  • Flooring: Carpet, Slate, Wood
  • Interior Features: Breakfast Bar, High Ceilings, Primary Bedroom On Main, Granite Counters

Measurements

  • Living Area: 798
  • 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: PH20
  • Water Body Name: Lady Bird Lake

Parking

Parking

  • Covered Spaces: 1
  • Garage Spaces: 1
  • Parking Features: Reserved
  • 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: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Other, Sewer Available, Water Available
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this condo have?

There is 1 bedroom and 1 bathroom in this condo at 54 Rainey ST PH20.

What schools are nearby to 54 Rainey ST PH20?

Nearby schools include the Mathews Elementary School, O Henry Middle School, and Austin High School.

Does this condo have parking?

Yes, there is 1 parking space available for 54 Rainey ST PH20.

What are the annual taxes for 54 Rainey ST PH20?

Annual taxes for this condo are estimated at $7,709.

How does 54 Rainey ST PH20 compare to other condos in Bridgeview?

This condo is listed 31% below the average price for condos in Bridgeview and has been on the market for 149 less 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 home owners association.

What is the square footage on this condo?

According to the MLS, this listing is 798 sqft.

54 Rainey ST PH20 is a 1-bedroom, 1-bath condo for sale in Austin TX 78701. Listed on Prevu for 24 days at $509,000. This home features 798 square feet of living space, located in Bridgeview. The median listing price for condos in this area is $660,000. Nearby schools include Mathews Elementary School, O Henry Middle School, and Austin High School. Property amenities include 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.