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$999,000 - 54 Rainey Street 1018, Austin

3
Bedrooms
3
Baths
1,956
SQ. Feet
2006
Year Built

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.

Essential Information

  • MLS® #:
    5853750
  • Price:
    $999,000
  • Bedrooms:
    3
  • Bathrooms:
    3.00
  • Full Baths:
    2
  • Half Baths:
    1
  • Square Footage:
    1,956
  • Acres:
    0.00
  • Year Built:
    2006
  • Type:
    Residential
  • Sub-Type:
    Condominium
  • Status:
    Active

Community Information

  • Address:
    54 Rainey Street 1018
  • Subdivision:
    Milago Condominium
  • City:
    Austin
  • County:
    Travis
  • State:
    TX
  • Zip Code:
    78701

Amenities

  • Amenities:
    Concierge
  • Utilities:
    Electricity Available, See Remarks
  • Features:
    Barbecue, Business Center, Bar/Lounge, Bicycle Storage, Concierge, Common Grounds/Area, Community Mailbox, Conference/Meeting Room, Curbs, Deck/Porch, Fitness Center, Gated, Lake, Package Service, Park, Property Manager On-Site, Pool, Storage Facilities, Street Lights, Trails/Paths, Rooftop Lounge
  • Parking:
    Assigned, Garage, Gated, Guest
  • # of Garages:
    2
  • View:
    City, Hills, Lake
  • Is Waterfront:
    Yes
  • Waterfront:
    Lake Front

Interior

  • Interior:
    Tile, Wood
  • Appliances:
    Built-In Electric Oven, Built-In Electric Range, Built-In Range, Washer/Dryer Stacked, Dishwasher, Electric Water Heater, Disposal, Microwave, Refrigerator
  • Heating:
    Central, Electric
  • # of Stories:
    1
  • Stories:
    One

Exterior

  • Exterior Features:
    Balcony
  • Lot Description:
    Landscaped, Level, Many Trees, Views
  • Roof:
    Built-Up
  • Construction:
    Brick, Stone, Stucco
  • Foundation:
    Pillar/Post/Pier

School Information

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

Property Listed by: Urbanspace

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 September 9th, 2025 at 4:55pm 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.