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54 Rainey St Unit 1018

Austin, TX 78701

2 beds
3 baths
1,956 sqft
$587 per sqft
2006 build
– on site

The Milago Condominium is a jewell sitting as close to Lady Bird Lake and Trail as you can get. Unit 1018 is a stunning large condo with two bedrooms, a study and 2 1/2 bathrooms. It offers a modern and luxurious living experience featuring an open-concept design with beautiful finishes, high ceilings and operable windows flooding the interiors with natural light creating a bright and airy feel. This unique unit has two private balconies with expansive views of downtown Austin and Lady Bird Lake. The open kitchen has sleek contemporary cabinetry with soft close cabinets and drawers perfect for everyday living and entertaining. The primary bedroom has its own balcony and the primary spa-like bathroom is huge - a real treat along with the large primary custom closet. The secondary bedroom has its own ensuite bath. The study is very large and can serve as a guest room as well as an office. This is elevated living in downtown Austin with the serenity of living on the lake and trail blending the tranquility of nature with the conveniences of modern living. Milago is truly a community that cares about their residents and offers luxury amenities such as the rooftop pool and spa, grills on the roof and on the 3rd floor terrace, a first floor lounge open to a ground level patio facing the lake and trail, a 3rd floor club room and fitness center, bike storage and lush green space all around the building. This condo comes with 2 reserved parking spaces A106 and A107 and a private air conditioned storage space #70. If you are looking for modern luxury and urban convenience...this is it!

Listing courtesy of ABOR / Joanne Flynn / Lux Haus Realty

Last checked: Checking… • Last updated Feb 25, 2025 •

MLS# 9115496 —

The Building

Year Built:

2006
Unit Number:

1018
Unit Style:

High Rise (8-13 Stories)
New Construction:

false
Roof:

Built-Up
Foundation:

Pillar/Post/Pier
Exterior Features:

Balcony
Accessibility Features:

See Remarks
Patio And Porch Features:

Covered
Window Features:

Blinds
Levels:

One
Direction Faces:

NW

Interior

Interior Features:

Breakfast Bar
Living:

2
Dining:

1
Flooring:

Tile
Laundry Location:

In Hall

Room Dimensions

Living Area:

1956
Living Area Source:

Builder

Financial & Terms

Possession:

Close Of Escrow
Restrictions:

Covenant

Location

Latitude:

30.257382
Longitude:

-97.739444
Directions:

At the south end of Rainey St on the right

The Property

Property Type:

Residential
Subtype:

Condominium
Parcel Number:

54 Rainey St #1018
Property Condition:

Resale
Property Attached:

true
Other Structures:

None
Lot Features:

Landscaped
Lot Size Area:

0 Sqft
Lot Size SqFt:

0 Sqft
View:

City
Waterfront:

true
Waterfront Features:

Lake Front
Water Body Name:

Lady Bird Lake
Horse:

false
Additional Parcels:

false
Fencing:

None
FEMA Flood Plain:

See Remarks

Listing Agent

Contact info:

Beds

Bedrooms Total:

2
Main Level Bedrooms:

2

Baths

Total Baths:

2.5
Total Baths:

3
Full Baths:

2
Half Baths:

1

The Listing

Special Listing Conditions:

Standard
Listing Terms:

Cash
Occupant Type:

Owner

Heating & Cooling

Heating:

Central
Cooling:

Central Air

Utilities

Utilities:

Electricity Available
Sewer:

Public Sewer
Water Source:

Public
Electric On Property:

true

Appliances

Appliances:

Built-In Electric Oven

Schools

Elementary School:

Mathews
Elementary School District:

Austin ISD
Middle School:

O Henry
Middle School District:

Austin ISD
High School:

Austin
High School District:

Austin ISD

The Community

Subdivision Name:

Milago Condominium
Association Name:

Milago Condominium
Association Fee:

$1,511
Association Fee Includes:

Common Area Maintenance
Association Fee Frequency:

Monthly
Community Features:

BBQ Pit/Grill
Pool Private:

false
Pool Features:

See Remarks

Parking

Parking Features:

Assigned
Garage:

true
Attached Garage:

false
Garage Spaces:

2
Covered Spaces:

2

Monthly cost estimate

Asking price

$1,150,000

Expense	Monthly cost
Mortgage	$6,157
Taxes	N/A
Insurance	$316
HOA fees	$1,511
Utilities	$138 See report
Total	$8,122/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Max Internet Speed

Google Fiber

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
1/27/25 Jan 27, 2025	Listed / Active	ABOR	$1,150,000

Condo For Sale

$1,150,000

HOA

$1,511/mo.

Cost Est.

$8,122/mo.

Listing provided by broker:

Joanne Flynn

Lux Haus Realty

(512) 770-6300

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This condo located in Central Austin, Austin, TX 78701 is currently for sale for $1,150,000. 54 Rainey St Unit 1018 is a 1,956 square foot condo with 2 beds and 3 baths that has been on Estately for 46 days. 54 Rainey St Unit 1018 is in the Central Austin neighborhood of Austin and has a WalkScore® of 87, making it very walkable. This condo is in the attendance area of Austin High School and Mathews Elementary School.

Based on information from the Austin Board of REALTORS® and ACTRIS 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.