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$485,000 - 54 Rainey Street 617, Austin

1
Bedrooms
1
Baths
865
SQ. Feet
2005
Year Built

This meticulously maintained urban condo at the Milago offers stylish living at the end of Rainey Street, with direct access to Lady Bird Lake, the hike and bike trail, and a lively array of dining and entertainment spots just steps away. This one-bedroom + study, one-bath condo showcases European plank hardwood floors, custom paint (entire condo & ceiling painted 2020), granite countertops, stainless steel appliances, a custom closet organizer, and a functional, open floor plan designed to maximize both space and comfort. Recently replaced in 2020 Rheem electric water heater and hvac. The Milago offers exceptional amenities, including a rooftop pool and hot tub with sweeping downtown views along with grills and seating, and a spacious 3rd-floor terrace outdoor seating— perfect for entertaining. Residents also enjoy 24-hour concierge service, a fitness center, a clubroom, a Wi-Fi lounge, and convenient bike storage. Recent updates include a refreshed lobby, new pool furniture, and BBQ grills. This condo blends luxury, convenience, and unbeatable location for the ultimate urban lifestyle. *Buyer to independently verify all information including but not limited to taxes, restrictions, schools, square footage, Hoa dues, year built, etc.

Essential Information

  • MLS® #:
    5555368
  • Price:
    $485,000
  • Bedrooms:
    1
  • Bathrooms:
    1.00
  • Full Baths:
    1
  • Square Footage:
    865
  • Acres:
    0.00
  • Year Built:
    2005
  • Type:
    Residential
  • Sub-Type:
    Condominium
  • Status:
    Active

Community Information

  • Address:
    54 Rainey Street 617
  • Subdivision:
    Milago Condo Amd
  • City:
    Austin
  • County:
    Travis
  • State:
    TX
  • Zip Code:
    78701

Amenities

  • Amenities:
    Concierge
  • Utilities:
    Electricity Connected, Sewer Connected, Water Connected
  • Features:
    Barbecue, Clubhouse, Fitness Center, Internet Access, Lake, Park, Pool, Trails/Paths, Bicycle Storage, Concierge
  • Parking:
    Assigned, Garage, Secured
  • # of Garages:
    1
  • View:
    City
  • Waterfront:
    None
  • Has Pool:
    Yes

Interior

  • Interior:
    Tile, Wood
  • Appliances:
    Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Stainless Steel Appliance(s)
  • Heating:
    Central
  • # of Stories:
    1
  • Stories:
    One

Exterior

  • Exterior Features:
    None
  • Lot Description:
    Near Public Transit
  • Roof:
    See Remarks
  • Construction:
    See Remarks
  • Foundation:
    See Remarks

School Information

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

Property Listed by: The Leaders Realty, Llc

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 July 1st, 2025 at 12:45pm 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.