54 Rainey ST # 1018
Austin, TX, 78701
$999,000
3 Beds
2.5 Baths
1,956 SqFt
0 Acres
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Ideally situated on a high floor of the Milago, this expansive 1,956 SF corner residence offers unobstructed views of the Austin skyline and Lady Bird Lake. With a flexible layout featuring three bedrooms (or two with home office or study) this home is thoughtfully designed for both comfort and sophistication. The open-concept living and dining areas flow into the kitchen with generous counter space, stainless steel appliances, and a large pantry. The primary suite is a true retreat, complete with a walk-in closet, private balcony, and a spacious spa-like bath featuring a soaking tub, glass-enclosed shower, dual vanity, and great storage. The second bedroom includes its own en-suite bath, providing comfort and privacy for guests. Additional features include two reserved parking spaces and a private storage unit.
Perhaps one of the best secrets in town, The Milago is located on the quiet end of Rainey Street with direct access to the Hike & Bike Trail while being steps away from restaurants, bars, and entertainment, offering a rare balance of lakeside calm and downtown connectivity. The building’s full-service amenities include a 24-hour concierge, rooftop pool and spa, fitness center, business center, third-floor terrace with BBQ and seating, and secure bike storage.

Property Details

Price:
$999,000
MLS #:
5853750
Status:
Active
Beds:
3
Baths:
2.5
Type:
Condo
Subtype:
Condominium
Subdivision:
Milago Condominium
Listed Date:
Jul 9, 2025
Finished Sq Ft:
1,956
Year Built:
2006
WaterfrontPoolMilago CondominiumAustin 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 Electric Oven, Built-In Electric Range, Built-In Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer/Dryer Stacked, Electric Water Heater
Bathrooms
2 Full Bathrooms, 1 Half Bathroom
Cooling
Central Air, Electric
Flooring
Tile, Wood
Heating
Central, Electric

Exterior

Community Features
BBQ Pit/Grill, Bike Storage/Locker, Business Center, Cluster Mailbox, Common Grounds, Concierge, Conference/Meeting Room, Controlled Access, Curbs, Electronic Payments, Fitness Center, Garage Parking, Gated, Lake, Lock and Leave, Lounge, Package Service, Park, Pool, Property Manager On-Site, Recycling Area/Center, Rooftop Lounge, Spa/Hot Tub, Storage, Street Lights, Sundeck
Exterior Features
Balcony
Other Structures
None
Parking Features
Assigned, Garage, Gated
Roof
Built-Up

Financial

HOA Fee
$1,511
HOA Frequency
Monthly
HOA Includes
Common Area Maintenance, Maintenance Grounds, Maintenance Structure, Parking, Security
HOA Name
Milago Condominium

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 Condominium subdivision, 54 Rainey ST # 1018 Austin TX is a Condo for sale in Austin, TX, 78701. It is listed for $999,000 and features 3 beds, 3 baths, and has approximately 1,956 square feet of living space, and was originally constructed in 2006. The current price per square foot is $511. 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#5853750 at 54 Rainey ST # 1018 in Austin, TX, contact your Stripe Realty agent at 512-439-2122.

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54 Rainey ST # 1018
Austin, TX