54 Rainey ST # 322
Austin, TX, 78701
$839,000
2 Beds
2 Baths
1,212 SqFt
0.01 Acres
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First time to market! Rare northwest corner two bedroom residence for sale on the prized terrace level of the Milago Condominiums building. A sought after combination of serene, private setting and beautiful light-filled living spaces. Original owners have taken meticulous care of the home from recent wood flooring and paint (2021) to recent Bosch and GE microwave dishwasher and refrigerator (2020), LG electric range and LG washer and dryer (2023) and on down the line. Turn key, elevated, and thoughtful updates to closets, lighting, windows treatments, plumbing, electric, HVAC, AV, and more. With none of the maintenance issues to worry about, the new owner can focus on the tranquil setting, park and lake, and enjoyment of the private terrace that leads out to the main terrace. Perfect for children, dogs, gatherings, and just stretching out with a good book enjoying the weather in the privacy of your terrace.
The Milago Condominiums building is adjacent to Lady Bird Lake and the acclaimed Anna and Roy Butler Hike-and-Bike Trail. Building amenities are robust and include a full time, on-site manager, 24/7 concierge, furnished lobby, first floor terrace and WiFi lounge, bicycle storage, third floor terrace with seating and BBQ area, fitness center, club room, and rooftop pool and hot tub with additional grilling area.
Emma S. Barrientos Mexican American Cultural Center expansion and the Waller Beach at Town Lake Metropolitan Park are set to finalize in Q1/Q2 2025 and will add tremendous value and beauty to the view and the property.

Property Details

Price:
$839,000
MLS #:
2827536
Status:
Active
Beds:
2
Baths:
2
Address:
54 Rainey ST # 322
Type:
Condo
Subtype:
Condominium
Subdivision:
Milago Condo Amd
City:
Austin
Listed Date:
Oct 11, 2023
State:
TX
Finished Sq Ft:
1,212
ZIP:
78701
Lot Size:
305 sqft / 0.01 acres (approx)
Year Built:
2005
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Schools

School District:
Austin ISD
Elementary School:
Mathews
Middle School:
O Henry
High School:
Austin

Interior

Appliances
Dishwasher, Disposal, Microwave, Oven, Free- Standing Electric Range, Refrigerator, Washer/ Dryer
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Flooring
Wood
Heating
Central

Exterior

Community Features
B B Q Pit/ Grill, Cluster Mailbox, Common Grounds, Concierge, Conference/ Meeting Room, Covered Parking, Fitness Center, Garage Parking, Gated, Google Fiber, High Speed Internet, Lake, Lounge, Package Service, Pool, Property Manager On- Site, Recycling Area/ Center, Storage, Street Lights, Walk/ Bike/ Hike/ Jog Trail(s
Exterior Features
Balcony
Other Structures
None
Parking Features
Assigned, Covered, Electric Gate
Roof
Concrete

Financial

Buyer Agent Compensation
3.000%
HOA Fee
$836
HOA Frequency
Monthly
HOA Includes
Common Area Maintenance, Trash
HOA Name
Somerset
Taxes
$14,812

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Community

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54 Rainey ST # 322
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