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.
Active
$1,079,000
54 Rainey St APT 1018, Austin, TX 78701
3beds
1,956sqft
Est.:
Condominium
Built in 2006
-- sqft lot
$-- Zestimate®
$552/sqft
$1,511/mo HOA
What's special
Private balconyFitness centerStainless steel appliancesThird-floor terrace with bbqBusiness centerFlexible layoutSoaking tub
- 20 days
- on Zillow |
- 342 |
- 9 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: July 20, 2025 at 11:02am
Listed by:
Karen Prager (512) 457-8884,
Urbanspace (512) 457-8884
Source: Unlock MLS,MLS#: 5853750

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
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
- See Remarks
- 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: $552/sqft
- Tax assessed value: $882,680
- Annual tax amount: $12,107
- Date on market: 7/9/2025
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
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