54 Rainey ST # 518
Austin, TX, 78701
$750,000
2 Beds
2 Baths
1,164 SqFt
0.01 Acres
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Sellers to pay $10K towards buyer closing costs! Introducing Unit 518; a corner unit looking out at the trees of Lady Bird Lake with downtown views. Own at The Milago; Rainey Street District’s most private condominium building closest to Lady Bird Lake and the 10-mile gem of our city, Butler Trail. The building has unobstructed views and trail access unlike any other downtown. The Milago sits along the residential portion of Rainey street. Enjoy the serenity of nature along the trail while being just a stroll away from all the famous hotels, restaurants, and bars the Historical Rainey Street District has to offer. This two bedroom-two-bathroom unit is a rare corner unit layout with abundant natural light. Features include a storage unit, two parking spaces, balcony, 75” mounted LED 4K UHD TV, washer, electronic-smart Shade Store blinds at every window, custom blackout curtains, and close proximity to the elevator with access to the parking spaces + rooftop pool boasting the best views in Austin. The HOA offers guest parking, 24/7 concierge/security, a rooftop pool overlooking Austin’s iconic downtown skyline and Congress Bridge, a gym, dog park, library/office space, mail room, clubhouse, lake terrace with grills, and more. Don’t miss your chance to experience Austin living in this corner unit. A must see!

Property Details

Price:
$750,000
MLS #:
7117548
Status:
Active
Beds:
2
Baths:
2
Type:
Condo
Subtype:
Condominium
Subdivision:
Milago Condo Amd
Listed Date:
Oct 14, 2022
Finished Sq Ft:
1,164
Lot Size:
305 sqft / 0.01 acres (approx)
Year Built:
2006
WaterfrontLakefrontPoolCommunity Club HouseMilago Condo AmdAustin IsdMathewsO HenryAustinLady Bird LakeCity

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Schools

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

Interior

Appliances
Dishwasher, Disposal, Exhaust Fan, Microwave, Oven, Free-Standing Range, Stainless Steel Appliance(s), Washer
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Flooring
Tile, Wood
Heating
Central, Electric

Exterior

Community Features
Clubhouse, Cluster Mailbox, Common Grounds, Concierge, Conference/Meeting Room, Fitness Center, Garage Parking, Gated, Kitchen Facilities, Lake, Park, Pet Amenities, Picnic Area, Planned Social Activities, Pool, Property Manager On-Site, Recycling Area/Center, Storage, Walk/Bike/Hike/Jog Trail(s
Construction Materials
Masonry – All Sides, Stone Veneer
Exterior Features
Balcony, See Remarks
Other Structures
None
Parking Features
Assigned, Garage
Roof
See Remarks

Financial

HOA Fee
$641
HOA Frequency
Monthly
HOA Includes
Common Area Maintenance, Insurance, Landscaping, Maintenance Structure
HOA Name
Milago HOA

Map

Community

Subdivisions in Austin

Market Summary

Current real estate data for Condo in Austin as of Dec 20, 2025
2,137
Condo Listed
573
Avg DOM
451
Avg $ / SqFt
$599,761
Avg List Price

Property Summary

    Located in the Milago Condo Amd subdivision, 54 Rainey ST # 518 Austin TX is a Condo for sale in Austin, TX, 78701. It is listed for $750,000 and features 2 beds, 2 baths, and has approximately 1,164 square feet of living space, and was originally constructed in 2006. The current price per square foot is $644. The average price per square foot for Condo listings in Austin is $451. The average listing price for Condo in Austin is $599,761. To schedule a showing of MLS#7117548 at 54 Rainey ST # 518 in Austin, TX, contact your Stripe Realty agent at 512-439-2122.

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54 Rainey ST # 518
Austin, TX