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$735,000 - 54 Rainey Street 314, Austin

2
Bedrooms
2
Baths
1,164
SQ. Feet
0.01
Acres

Experience the very best of downtown Austin living in this rare 3rd-floor residence at Milago Condominiums. Nestled in the highly sought-after Rainey Street District, this thoughtfully designed two-bedroom, two-bath home combines modern comfort with unbeatable access to Austin’s vibrant urban core. Step inside to discover an open-concept floor plan featuring a spacious living and dining area, a sleek kitchen with quartz counters, stainless steel appliances, and a large island that doubles as a breakfast bar. Natural light fills the space, while private bedrooms are thoughtfully separated for privacy and convenience. The highlight of this home is the oversized private patio that seamlessly extends your living space outdoors. Unique to this residence, the patio connects directly to Milago’s 3rd-floor terrace — complete with lounge seating and a community grill — giving you the feeling of an expansive backyard in the heart of the city. With easy access to both the elevator and stairs, you can step outside, entertain, or simply relax without leaving your floor. Additional features include: Two reserved garage spaces — a true luxury downtown Primary suite with walk-in closet and spa-inspired bath Stacked washer/dryer and wine refrigerator included Pet-friendly community Milago residents enjoy an unmatched lifestyle with amenities such as 24-hour security, a rooftop pool and spa with panoramic city and lake views, a fully equipped fitness center, a business lounge, and on-site concierge services. Direct access to the Lady Bird Lake Hike & Bike Trail puts nature at your doorstep, while Rainey Street’s dining, music, and nightlife are just steps away.

Essential Information

  • MLS® #:
    5156148
  • Price:
    $735,000
  • Bedrooms:
    2
  • Bathrooms:
    2.00
  • Full Baths:
    2
  • Square Footage:
    1,164
  • Acres:
    0.01
  • Year Built:
    2005
  • Type:
    Residential
  • Sub-Type:
    Condominium
  • Status:
    Active

Community Information

  • Address:
    54 Rainey Street 314
  • Subdivision:
    Milago Condo Amd
  • City:
    Austin
  • County:
    Travis
  • State:
    TX
  • Zip Code:
    78701

Amenities

  • Amenities:
    Concierge
  • Utilities:
    See Remarks
  • Features:
    Barbecue, Community Mailbox, Conference/Meeting Room, Fitness Center, Lake, Pool, Planned Social Activities, Street Lights, Trails/Paths, Bicycle Storage, Business Center, Concierge, Maintenance On-Site, Package Service, Storage Facilities
  • Parking:
    Assigned, Garage, Gated, Covered, Guest
  • # of Garages:
    2
  • Is Waterfront:
    Yes
  • Waterfront:
    Lake Front

Interior

  • Interior:
    See Remarks, Vinyl
  • Appliances:
    Washer/Dryer Stacked, Dishwasher, Free-Standing Electric Range, Free-Standing Refrigerator, Microwave, Range Hood, Wine Refrigerator
  • Heating:
    Central, Electric
  • # of Stories:
    1
  • Stories:
    One

Exterior

  • Exterior Features:
    Balcony, See Remarks
  • Lot Description:
    See Remarks
  • Roof:
    None
  • Construction:
    Brick, Stone, Stucco
  • Foundation:
    Pillar/Post/Pier

School Information

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

Property Listed by: West And Swope Ranches

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 October 24th, 2025 at 1:52am CDT. 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.