54 Rainey ST # 713
Austin, TX, 78701
$499,900
2 Beds
2 Baths
1,164 SqFt
0.01 Acres
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Special Financing Options Available! Welcome to Milago, the pinnacle of happiness living in the heart of Downtown Austin! Situated directly on the banks of Lady Bird Lake, Milago offers rare and direct access to the Hike & Bike Trail—just steps outside the building’s doors. As one of the only buildings in Austin located right on the trail, it provides the perfect blend of city convenience and lakeside tranquility, placing you moments away from the best dining, entertainment, and outdoor activities Austin has to offer.

Step into the spacious, open-concept floor plan featuring rich hardwood floors throughout the kitchen and living areas, creating a warm and inviting atmosphere. The kitchen is a chef’s dream, boasting upgraded tile backsplash, stainless steel appliances, a built-in wine fridge, and a center island perfect for entertaining. The living area flows seamlessly to a covered patio, where you can unwind while taking in the vibrant energy of Rainey Street.

The thoughtfully designed layout ensures privacy and comfort, with each bedroom located on opposite sides of the unit, each with its own bathroom and spacious walk-in closet. The primary suite features an upgraded built-in closet system, adding both style and functionality. Natural light floods the unit through large, operable windows, offering sweeping views of Downtown Austin, Lady Bird Lake, and the scenic Hill Country.

Milago offers a full suite of premium amenities, including a 24/7 concierge, a rooftop pool and hot tub with panoramic views, an outdoor lounge with grilling stations, a state-of-the-art fitness center, and a stylish club room. Two reserved garage parking spaces, conveniently located near the elevator, and a storage unit are also included for added convenience.

Experience the perfect blend of nature and city living at Milago – where you can enjoy the tranquility of lakeside greenery while being steps away from Austin’s vibrant nightlife and dining scene.

Property Details

Price:
$499,900
MLS #:
1870432
Status:
Active
Beds:
2
Baths:
2
Type:
Condo
Subtype:
Condominium
Subdivision:
Milago Condo Amd
Listed Date:
Mar 19, 2025
Finished Sq Ft:
1,164
Lot Size:
305 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
Built-In Oven(s), Dishwasher, Disposal, Electric Cooktop, ENERGY STAR Qualified Appliances, Gas Cooktop, Gas Range, Microwave, Oven, Refrigerator, Stainless Steel Appliance(s), Washer/Dryer
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Flooring
Tile, Wood
Heating
Electric

Exterior

Community Features
BBQ Pit/Grill, Concierge, Controlled Access, Fitness Center, Lounge, Pool, Rooftop Lounge, Spa/Hot Tub, Sundeck
Exterior Features
Balcony, No Exterior Steps
Other Structures
None
Parking Features
Additional Parking, Reserved
Roof
Shingle, See Remarks

Financial

HOA Fee
$676
HOA Frequency
Monthly
HOA Includes
Maintenance Grounds, Trash, Water, See Remarks
HOA Name
Milago HOA

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
$605,671
Avg List Price

Property Summary

    Located in the Milago Condo Amd subdivision, 54 Rainey ST # 713 Austin TX is a Condo for sale in Austin, TX, 78701. It is listed for $499,900 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 $429. The average price per square foot for Condo listings in Austin is $453. The average listing price for Condo in Austin is $605,671. To schedule a showing of MLS#1870432 at 54 Rainey ST # 713 in Austin, TX, contact your Stripe Realty agent at 512-439-2122.

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54 Rainey ST # 713
Austin, TX