54 Rainey ST # 922
Austin, TX, 78701
$800,000
2 Beds
2 Baths
1,212 SqFt
0.01 Acres
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MLS #4202725 image #0
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Welcome to Milago Unit 922, a spacious 2-bedroom, 2-bath residence offering breathtaking panoramic views of Downtown Austin and Lady Bird Lake. Ideally positioned at the tranquil end of Rainey Street, this premier condo blends peaceful lakeside living with immediate access to Austin’s most vibrant dining and entertainment district.

This home underwent a comprehensive $150,000 remodel in 2017, completed through a thorough six-month renovation process. Enhancements include new hardwood flooring throughout, reconfigured walls and closets for improved functionality, custom pocket doors, and fully updated bathrooms with new toilets, showers, and modern finishes. The kitchen was completely redesigned with all-new appliances, cabinetry, and countertops, creating a refined, timeless space ideal for everyday living and entertaining.

Designed for modern living, the residence features oversized windows with automatic power shades, abundant natural light throughout and seamless indoor-outdoor connection highlighting city and lake views

BONUS FEATURES include two premium ground level parking spaces, a dedicated storage unit, refrigerator, and stackable washer/dryer—all included for your convenience.

The Milago Condominiums recently completed its first building-wide assessment since original construction, funding major capital improvements including roof replacement and elevator upgrades. The seller has already paid the full assessment for Unit 922, offering peace of mind and value to the next owner. Additionally, the building will soon begin a refresh of common areas and hallways, further enhancing the community’s appeal and long-term value.

Milago residents enjoy resort-style amenities, including:
– Rooftop pool & spa with grilling stations
– 2nd-floor fitness center and club room
– 1st-floor resident lounge and landscaped outdoor patio
– 24-hour concierge service
Listing Provided Courtesy of Kuper Sotheby’s Int’l Realty

Property Details

Price:
$800,000
MLS #:
4202725
Status:
Active Under Contract
Beds:
2
Baths:
2
Type:
Condo
Subtype:
Condominium
Subdivision:
Milago Condo Amd
Listed Date:
Aug 6, 2025
Finished Sq Ft:
1,212
Lot Size:
305 sqft / 0.01 acres (approx)
Year Built:
2005
WaterfrontLakefrontPoolMilago 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, Disposal, Electric Range, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer/Dryer Stacked
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Flooring
Tile, Wood
Heating
Central

Exterior

Community Features
BBQ Pit/Grill, Business Center, Common Grounds, Concierge, Conference/Meeting Room, Covered Parking, Fitness Center, Garage Parking, Lounge, Pool
Exterior Features
Balcony, Gas Grill, Private Entrance
Other Structures
None
Parking Features
Garage, Reserved
Roof
See Remarks

Financial

HOA Fee
$937
HOA Frequency
Monthly
HOA Includes
See Remarks
HOA Name
Milago Condo Association
Taxes
$11,897

Map

Community

Subdivisions in Austin

Market Summary

Current real estate data for Condo in Austin as of Feb 04, 2026
1,201
Condo Listed
129
Avg DOM
454
Avg $ / SqFt
$602,861
Avg List Price

Property Summary

    Located in the Milago Condo Amd subdivision, 54 Rainey ST # 922 Austin TX is a Condo for sale in Austin, TX, 78701. It is listed for $800,000 and features 2 beds, 2 baths, and has approximately 1,212 square feet of living space, and was originally constructed in 2005. The current price per square foot is $660. The average price per square foot for Condo listings in Austin is $454. The average listing price for Condo in Austin is $602,861. To schedule a showing of MLS#4202725 at 54 Rainey ST # 922 in Austin, TX, contact your Stripe Realty agent at 512-439-2122.

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54 Rainey ST # 922
Austin, TX