54 Rainey ST # 314
Austin, TX, 78701
$735,000
2 Beds
2 Baths
1,164 SqFt
0.01 Acres
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Experience the very best of downtown Austin living in this rare 3rd-floor residence at Milago Condominiums. Nestled in the highly sought-after Rainey Street District, this thoughtfully designed two-bedroom, two-bath home combines modern comfort with unbeatable access to Austin’s vibrant urban core.

Step inside to discover an open-concept floor plan featuring a spacious living and dining area, a sleek kitchen with quartz counters, stainless steel appliances, and a large island that doubles as a breakfast bar. Natural light fills the space, while private bedrooms are thoughtfully separated for privacy and convenience.

The highlight of this home is the oversized private patio that seamlessly extends your living space outdoors. Unique to this residence, the patio connects directly to Milago’s 3rd-floor terrace — complete with lounge seating and a community grill — giving you the feeling of an expansive backyard in the heart of the city. With easy access to both the elevator and stairs, you can step outside, entertain, or simply relax without leaving your floor.

Additional features include:

Two reserved garage spaces — a true luxury downtown

Primary suite with walk-in closet and spa-inspired bath

Stacked washer/dryer and wine refrigerator included

Pet-friendly community

Milago residents enjoy an unmatched lifestyle with amenities such as 24-hour security, a rooftop pool and spa with panoramic city and lake views, a fully equipped fitness center, a business lounge, and on-site concierge services. Direct access to the Lady Bird Lake Hike & Bike Trail puts nature at your doorstep, while Rainey Street’s dining, music, and nightlife are just steps away.

Property Details

Price:
$735,000
MLS #:
5156148
Status:
Active
Beds:
2
Baths:
2
Type:
Condo
Subtype:
Condominium
Subdivision:
Milago Condo Amd
Listed Date:
Sep 22, 2025
Finished Sq Ft:
1,164
Lot Size:
292 sqft / 0.01 acres (approx)
Year Built:
2005
WaterfrontPoolMilago Condo AmdAustin IsdMathewsO HenryAustinLady Bird Lake

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Schools

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

Interior

Appliances
Dishwasher, Microwave, Free-Standing Electric Range, RNGHD, Free-Standing Refrigerator, Washer/Dryer Stacked, Wine Refrigerator
Bathrooms
2 Full Bathrooms
Cooling
Central Air, Electric
Flooring
See Remarks, Vinyl
Heating
Central, Electric

Exterior

Community Features
BBQ Pit/Grill, Bike Storage/Locker, Business Center, Cluster Mailbox, Concierge, Conference/Meeting Room, Controlled Access, Covered Parking, Fitness Center, Garage Parking, Lake, Maintenance On-Site, Package Service, Planned Social Activities, Pool, Spa/Hot Tub, Storage, Street Lights, Tenant Access Cargo Elevator
Exterior Features
See Remarks, Balcony
Other Structures
None
Parking Features
Assigned, Garage, Gated
Roof
None

Financial

HOA Fee
$900
HOA Frequency
Monthly
HOA Includes
See Remarks
HOA Name
Milago Condominium
Taxes
$11,441

Map

Community

Subdivisions in Austin

Market Summary

Current real estate data for Condo in Austin as of Oct 15, 2025
1,507
Condo Listed
117
Avg DOM
453
Avg $ / SqFt
$605,533
Avg List Price

Property Summary

    Located in the Milago Condo Amd subdivision, 54 Rainey ST # 314 Austin TX is a Condo for sale in Austin, TX, 78701. It is listed for $735,000 and features 2 beds, 2 baths, and has approximately 1,164 square feet of living space, and was originally constructed in 2005. The current price per square foot is $631. The average price per square foot for Condo listings in Austin is $453. The average listing price for Condo in Austin is $605,533. To schedule a showing of MLS#5156148 at 54 Rainey ST # 314 in Austin, TX, contact your Stripe Realty agent at 512-439-2122.

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54 Rainey ST # 314
Austin, TX