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54 Rainey St Unit 501

Austin, TX 78701

2 beds
2 baths
1,289 sqft
$2 per sqft
2005 build
– on site

A rare opportunity to live in the highly sought-after Milago Condominiums, perfectly situated along the serene shores of Lady Bird Lake. This elegant 2-bedroom, 2-bathroom residence offers a seamless blend of comfort and modern convenience. Step inside to find a thoughtfully designed space that will be freshly repainted before move-in, ensuring a pristine and inviting atmosphere. The unit features Google Fiber connectivity, a fairly-new HVAC system, refrigerator, and microwave, as well as a washer and dryer for ultimate convenience. The second bedroom is enhanced with a Murphy bed, while the primary suite boasts a custom-built closet, maximizing both style and functionality. Enjoy breathtaking tree-lined and lake views from the spacious private balcony, offering a tranquil retreat in the heart of the city. Parking is effortless with two dedicated spaces, ensuring convenience and peace of mind. The Milago offers an array of premium amenities, including a rooftop pool with panoramic views, a state-of-the-art fitness center, and 24/7 concierge service. Just steps from the vibrant hike-and-bike trail, this prime location allows you to immerse yourself in the best of downtown Austin—renowned dining, nightlife, and entertainment all just moments away. Available for move-in starting March 1. Don't miss the chance to call this exceptional condo home!

Listing courtesy of ABOR / Anuj Jaiswal / Dash Realty

Last checked: Checking… • Last updated Feb 19, 2025 •

MLS# 2999521 —

The Building

Year Built:

2005
Unit Number:

501
Unit Style:

High Rise (8-13 Stories)
New Construction:

false
Roof:

See Remarks
Foundation:

Slab
Exterior Features:

Balcony
Accessibility Features:

None
Window Features:

Double Pane Windows
Levels:

One
Direction Faces:

South

Interior

Interior Features:

Breakfast Bar
Living:

1
Dining:

1
Flooring:

Carpet
Laundry Location:

Main Level

Room Dimensions

Living Area:

1289
Living Area Source:

Public Records

Financial & Terms

Lease Term:

12 Months
Lease Terms:

12
Security Deposit:

$3,250
Availability Date:

2025-03-01

Location

Latitude:

30.257382
Longitude:

-97.739444
Directions:

Head east on E 5th St toward Brazos St, Turn right onto S IH 35 Frontage Rd Keep right to continue on East Ave Turn right at the 1st cross street onto River St At the traffic circle, take the 3rd exit onto Rainey St

The Property

Property Type:

Residential Lease
Subtype:

Condominium
Parcel Number:

02030312490000
Property Attached:

true
Lot Features:

Sprinkler - Automatic
Lot Size Acres:

0.007
Lot Size Area:

0 Sqft
Lot Size SqFt:

304 Sqft
SqFt Total:

1,289 Sqft
View:

Lake
Waterfront:

true
Waterfront Features:

Lake Front
Water Body Name:

Lady Bird Lake
Horse:

false
Fencing:

None
FEMA Flood Plain:

No

Listing Agent

Contact info:

Beds

Bedrooms Total:

2
Main Level Bedrooms:

2

Baths

Total Baths:

2
Total Baths:

2
Full Baths:

2

The Listing

Occupant Type:

Tenant

Heating & Cooling

Heating:

Central
Cooling:

Central Air

Utilities

Utilities:

Electricity Available
Sewer:

Public Sewer
Water Source:

Public
Electric On Property:

true

Appliances

Appliances:

Dishwasher

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
Community Features:

Common Grounds
Pool Private:

true
Pool Features:

In Ground
Pets Allowed:

Cats OK

Parking

Parking Features:

Assigned
Garage:

true
Attached Garage:

false
Garage Spaces:

2
Covered Spaces:

2

Extra Units

# of Units Total:

1

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

Utility Costs

$121/mo.

Estimate provided by ClearlyEnergy

View a full report

Condo For Rent

$3,250/mo

Listing provided by broker:

Anuj Jaiswal

Dash Realty

512-940-9734

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This condo located in Central Austin, Austin, TX 78701 is currently for rent for $3,250/mo. 54 Rainey St Unit 501 is a 1,289 square foot condo with 2 beds and 2 baths that has been on Estately for 4 days. 54 Rainey St Unit 501 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 Mathews Elementary School and Austin High 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.