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54 Rainey St Unit 1212

Austin, TX 78701

2 beds
2 baths
1,164 sqft
291 sqft lot
$687 per sqft
2005 build
– on site

This sought after and rarely available 2 bedroom, 2 bath Milago condo on popular Rainey St. offers urban living with premier lake and downtown views, modern finishes, abundant building amenities and convenient location close to restaurants and entertainment ... not to mention that it sits on the banks of Lady Bird Lake and Trail. The spacious modern open kitchen, living areas and bedrooms have wood floors and operable windows that flood each room with natural light and overlook Lady Bird Lake, Downtown Austin and the Hill Country. Experience the best of what downtown Austin living has to offer! Milago is special because it is surrounded with lush greenery and feels as though you are living in a park right out the back door blending the tranquility of nature with the conveniences of modern living. Two premium parking spaces and a storage unit are included. Enjoy all the building amenities including 24 hour concierge, 1st floor lounge and outdoor patio, rooftop pool, spa & grilling stations, 2nd floor fitness center and club room. This is truly an Amazing location in Downtown Austin and this particular condo with its spectacular panoramic views is a must-see! Parking Spaces 185 and 186. Storage Unit #6.

Listing courtesy of ABOR / Joanne Flynn / Lux Haus Realty

Last checked: Checking… • Last updated Feb 15, 2025 •

MLS# 8357133 —

The Building

Year Built:

2005
Unit Number:

1212
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:

Solar Screens
Levels:

One
Direction Faces:

West

Interior

Interior Features:

Breakfast Bar
Living:

1
Dining:

1
Flooring:

Tile
Laundry Location:

Laundry Closet

Room Dimensions

Living Area:

1164
Living Area Source:

Public Records

Financial & Terms

Possession:

Close Of Escrow
Restrictions:

Covenant

Location

Latitude:

30.257382
Longitude:

-97.739444
Directions:

Milago Condominium is at the South end of Rainey St. on the right next to the lake. Park on the street or in the Guest Garage which is next to the front entrance.

The Property

Property Type:

Residential
Subtype:

Condominium
Parcel Number:

02030314170000
Property Condition:

Resale
Property Attached:

true
Other Structures:

See Remarks
Lot Features:

Curbes
Lot Size Acres:

0.0067
Lot Size Area:

0 Sqft
Lot Size SqFt:

291 Sqft
SqFt Total:

1,164 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:

Taxes

Tax Annual Amount:

$15,996.69

Beds

Bedrooms Total:

2
Main Level Bedrooms:

2

Baths

Total Baths:

2
Total Baths:

2
Full Baths:

2

The Listing

Special Listing Conditions:

Standard
Listing Terms:

Cash
Occupant Type:

Owner

Heating & Cooling

Heating:

Central
Cooling:

Ceiling Fan(s)

Utilities

Utilities:

Underground Utilities
Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Free-Standing Electric Range

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 Condo Amd
Association Name:

Milago Condominium
Association Fee:

$900
Association Fee Includes:

Common Area Maintenance
Association Fee Frequency:

Monthly
Community Features:

BBQ Pit/Grill
Pool Private:

false
Pool Features:

None

Parking

Parking Features:

Assigned
Garage:

true
Attached Garage:

true
Garage Spaces:

2
Covered Spaces:

2

Monthly cost estimate

Asking price

$799,900

Expense	Monthly cost
Mortgage	$4,283
Taxes	$1,333
Insurance	$219
HOA fees	$900
Utilities	$118 See report
Total	$6,853/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

Sale history

Date	Event	Source	Price	% Change
2/6/25 Feb 6, 2025	Listed / Active	ABOR	$799,900

Condo For Sale

$799,900

HOA

$900/mo.

Cost Est.

$6,853/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 $799,900. 54 Rainey St Unit 1212 is a 1,164 square foot condo with 2 beds and 2 baths that has been on Estately for 26 days. 54 Rainey St Unit 1212 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.