You want VIEWS right?! This condo has VIEWS! The Milago Condominium is a jewell located on Lady Bird Lake and Trail. It has Downtown and lake VIEWS, 1956 sf, a large study/bedroom, 2 more bedrooms, 2 1/2 bathrooms and 2 balconies. Originally had it listed as a 2 bedroom but the huge study could certainly be a bedroom. Plenty of room to add a closet. It offers a modern living experience featuring an open-concept design with beautiful finishes, rare operable windows flooding the interiors with natural light creating a bright and airy feel. This unique unit has 2 private balconies with expansive views of Downtown Austin and Lady Bird Lake. The open kitchen has sleek contemporary cabinetry with soft-close cabinets and drawers perfect for everyday living and entertaining. Primary bedroom has its own balcony and huge spa-like bathroom and a large primary custom closet. The secondary bedroom has its own ensuite bath. The study is very large and can serve as a guest bedroom, office or media room. This is elevated living in downtown Austin with the serenity of living on the lake and trail blending the tranquility of nature with the conveniences of modern living. Milago offers luxury amenities such as the rooftop pool and spa, grills on the roof and on the 3rd floor terrace, a first floor lounge open to a ground level patio facing the lake and trail, a 3rd floor club room and fitness center, bike storage and lush green space all around the building. Milago offers modern connectivity to downtown Austin. With its proximity to Lady Bird Lake and Trail, downtown Austin and world-class restaurants and live music, this Milago Condominium offers an exceptional opportunity to experience the best of both worlds in one of Austin’s most treasured neighborhoods - The Rainey Street Historical District. This condo comes with 2 Reserved Parking spaces A106 and A107 and Storage Space #70. If you are looking for views, modern luxury and urban convenience...this is it!
Active
Price cut: $50K (4/6)
$1,100,000
54 Rainey St APT 1018, Austin, TX 78701
3beds
1,956sqft
Est.:
Condominium
Built in 2006
-- sqft lot
$-- Zestimate®
$562/sqft
$1,511/mo HOA
What's special
Downtown and lake viewsSleek contemporary cabinetryBright and airy feelBeautiful finishesRare operable windowsNatural lightCustom closet
- 90 days
- on Zillow |
- 223 |
- 10 |
Zillow last checked: 7 hours ago
Listing updated: April 27, 2025 at 01:58pm
Listed by:
Joanne Flynn (512) 770-6300,
Lux Haus Realty (512) 770-6300
Source: Unlock MLS,MLS#: 9115496

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bedrooms: 3
Primary bedroom
- Description: Beautiful corner room with windows on two sides and one of two balconies.
- Features: See Remarks
- Level: Main
Primary bathroom
- Description: Huge Primary Bathroom with window giving lots of natural light. Steeping Tub with Jets. Walk-in Shower. Double sinks.
- Features: Quartz Counters, High Ceilings, Jetted Tub, Separate Shower, Soaking Tub, Walk-In Closet(s), Walk-in Shower
- Level: Main
Kitchen
- Description: Beautiful Kitchen with a very long breakfast bar and open to the dining area and living area.
- Features: Breakfast Bar, Quartz Counters, Gourmet Kitchen
- Level: Main
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Built-In Electric Oven, Built-In Electric Range, Built-In Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer/Dryer Stacked, Electric Water Heater
Features
- Breakfast Bar, Ceiling Fan(s), High Ceilings, Quartz Counters, Double Vanity, Open Floorplan, Primary Bedroom on Main, Stackable W/D Connections, Storage, Walk-In Closet(s)
- Flooring: Tile, Wood
- Windows: Blinds, Window Coverings, Window Treatments
Interior area
- Total interior livable area: 1,956 sqft
Property
Parking
- Total spaces: 2
- Parking features: Assigned, Garage, Gated
- Garage spaces: 2
Accessibility
- Accessibility features: See Remarks
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered
- Exterior features: Balcony
- Pool features: See Remarks
- Fencing: None
- Has view: Yes
- View description: City, Downtown, Hill Country, Lake, Skyline, See Remarks
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake Front
- Body of water: Lady Bird Lake
Lot
- Features: Landscaped, Level, Many Trees, Views
Details
- Additional structures: None
- Parcel number: 54 Rainey St #1018
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Foundation: Pillar/Post/Pier
- Roof: Built-Up
Condition
- Resale
- New construction: No
- Year built: 2006
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, See Remarks
Community & HOA
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
- Subdivision: Milago Condominium
HOA
- Has HOA: Yes
- Services included: Common Area Maintenance, Maintenance Grounds, Maintenance Structure, Parking, Security
- HOA fee: $1,511 monthly
- HOA name: Milago Condominium
Location
- Region: Austin
Financial & listing details
- Price per square foot: $562/sqft
- Tax assessed value: $882,680
- Annual tax amount: $12,107
- Date on market: 1/28/2025
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
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