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$825,000 - 54 Rainey Street 922, Austin

2
Bedrooms
2
Baths
1,212
SQ. Feet
0.01
Acres

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

Essential Information

  • MLS® #:
    4202725
  • Price:
    $825,000
  • Bedrooms:
    2
  • Bathrooms:
    2.00
  • Full Baths:
    2
  • Square Footage:
    1,212
  • Acres:
    0.01
  • Year Built:
    2005
  • Type:
    Residential
  • Sub-Type:
    Condominium
  • Status:
    Active

Community Information

  • Address:
    54 Rainey Street 922
  • Subdivision:
    Milago Condo Amd
  • City:
    Austin
  • County:
    Travis
  • State:
    TX
  • Zip Code:
    78701

Amenities

  • Amenities:
    Concierge
  • Utilities:
    Electricity Connected, Water Connected
  • Features:
    Fitness Center, Pool, Barbecue, Bar/Lounge, Business Center, Common Grounds/Area, Concierge, Conference/Meeting Room
  • Parking:
    Assigned, Covered, Garage, Guest
  • # of Garages:
    2
  • View:
    City, City Lights, Lake, Water
  • Is Waterfront:
    Yes
  • Waterfront:
    Lake Front

Interior

  • Interior:
    Tile, Wood
  • Appliances:
    Dishwasher, Disposal, Microwave, Electric Range, Refrigerator, Stainless Steel Appliance(s), Washer/Dryer Stacked
  • Heating:
    Central
  • # of Stories:
    1
  • Stories:
    One

Exterior

  • Exterior Features:
    Balcony, Gas Grill, Private Entrance
  • Lot Description:
    None
  • Roof:
    See Remarks
  • Construction:
    See Remarks
  • Foundation:
    See Remarks

School Information

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

Property Listed by: Kuper Sotheby's Int'l Realty

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from January 10th, 2026 at 11:18am CST. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

All information provided is deemed reliable but is not guaranteed and should be independently verified.