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54 Rainey St Unit 101

Austin, TX 78701

2 beds
2 baths
1,294 sqft
326 sqft lot
$424 per sqft
2005 build
– on site

The ONLY ground floor unit with a private patio in The Milago is now available! Experience lakefront living with the convenience of this 2 bed/2 bath corner unit. With 1,294 sq ft of living space, this unit is in a prime location for those seeking an active and convenient lifestyle - just step out your private patio onto Lady Bird Lake's Hike and Bike Trail with over 10 miles of trails and easy access to the Austin Rowing Club for paddleboard and kayak rentals. Large windows bring in the light and the views while the oversized living space allows for plenty of dining and entertaining/relaxing space. The secondary bedroom is equipped with a built-in Murphy bed and also transforms into a desk. After enjoying the outdoors, it's time to dine and enjoy all the entertainment offered by the eclectic and vibrant Rainey Street just steps out your front door - no waiting for the elevator to interrupt your plans. When it's time for work, the metro rail and downtown are within walking distance for an easy commute. In addition, the condo's amenities include a rooftop pool and hot tub with cabanas, outdoor cooking area, well-equipped gym, conference room, 24/7 concierge and amazing views. This is truly a unique property and rare opportunity to make it yours - don't let this pass you by!

Listing courtesy of ABOR / Virginia Messler / Fathom Realty

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

MLS# 2846112 —

The Building

Year Built:

2005
Unit Number:

101
Unit Style:

1st Floor Entry
New Construction:

false
Roof:

See Remarks
Foundation:

Slab
Exterior Features:

No Exterior Steps
Accessibility Features:

None
Patio And Porch Features:

Patio
Window Features:

See Remarks
Levels:

One
Direction Faces:

SW

Interior

Interior Features:

Breakfast Bar
Living:

1
Dining:

1
Flooring:

No Carpet
Laundry Location:

In Unit

Room Dimensions

Living Area:

1294
Living Area Source:

Public Records

Financial & Terms

Possession:

Close Of Escrow
Restrictions:

See Remarks

Location

Latitude:

30.256373
Longitude:

-97.739984
Directions:

Head South on Rainey St. 54 Rainey Street. The Milago is last building on the right. Guest parking in garage or park on Rainey Street.

The Property

Property Type:

Residential
Subtype:

Condominium
Parcel Number:

0203031202
Property Condition:

Resale
Other Structures:

None
Lot Features:

Back to Park/Greenbelt
Lot Size Acres:

0.0075
Lot Size Area:

0 Sqft
Lot Size SqFt:

326 Sqft
View:

Creek/Steam
Waterfront:

true
Waterfront Features:

Lake Front
Water Body Name:

Lady Bird Lake
Horse:

false
Additional Parcels:

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

Special Listing Conditions:

Standard
Listing Terms:

Cash
Occupant Type:

Tenant

Heating & Cooling

Heating:

Central
Cooling:

Ceiling Fan(s)

Utilities

Utilities:

Cable Available
Sewer:

Public Sewer
Water Source:

Public
Electric On Property:

true

Appliances

Appliances:

Cooktop

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 Condominiums Hoa
Association Fee:

$995
Association Fee Includes:

Common Area Maintenance
Association Fee Frequency:

Monthly
Community Features:

BBQ Pit/Grill
Pool Private:

false
Pool Features:

None
Spa Features:

Hot Tub

Parking

Parking Features:

Assigned
Garage:

true
Attached Garage:

false
Garage Spaces:

1
Covered Spaces:

1

Monthly cost estimate

Asking price

$549,000

Expense	Monthly cost
Mortgage	$2,939
Taxes	N/A
Insurance	$150
HOA fees	$995
Utilities	$117 See report
Total	$4,201/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

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This condo located in Central Austin, Austin, TX 78701 is currently for sale for $549,000. 54 Rainey St Unit 101 is a 1,294 square foot condo with 2 beds and 2 baths that has been on Estately for 0 days. 54 Rainey St Unit 101 is in the Central Austin neighborhood of Austin and has a WalkScore® of 83, 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.