Special Financing Options Available! Welcome to Milago, the pinnacle of happiness living in the heart of Downtown Austin! Situated directly on the banks of Lady Bird Lake, Milago offers rare and direct access to the Hike & Bike Trail—just steps outside the building’s doors. As one of the only buildings in Austin located right on the trail, it provides the perfect blend of city convenience and lakeside tranquility, placing you moments away from the best dining, entertainment, and outdoor activities Austin has to offer. Step into the spacious, open-concept floor plan featuring rich hardwood floors throughout the kitchen and living areas, creating a warm and inviting atmosphere. The kitchen is a chef’s dream, boasting upgraded tile backsplash, stainless steel appliances, a built-in wine fridge, and a center island perfect for entertaining. The living area flows seamlessly to a covered patio, where you can unwind while taking in the vibrant energy of Rainey Street. The thoughtfully designed layout ensures privacy and comfort, with each bedroom located on opposite sides of the unit, each with its own bathroom and spacious walk-in closet. The primary suite features an upgraded built-in closet system, adding both style and functionality. Natural light floods the unit through large, operable windows, offering sweeping views of Downtown Austin, Lady Bird Lake, and the scenic Hill Country. Milago offers a full suite of premium amenities, including a 24/7 concierge, a rooftop pool and hot tub with panoramic views, an outdoor lounge with grilling stations, a state-of-the-art fitness center, and a stylish club room. Two reserved garage parking spaces, conveniently located near the elevator, and a storage unit are also included for added convenience. Experience the perfect blend of nature and city living at Milago – where you can enjoy the tranquility of lakeside greenery while being steps away from Austin’s vibrant nightlife and dining scene.
Active
$595,000
54 Rainey St APT 713, Austin, TX 78701
2beds
1,164sqft
Est.:
Condominium
Built in 2005
-- sqft lot
$584,100 Zestimate®
$511/sqft
$676/mo HOA
What's special
Rich hardwood floorsStainless steel appliancesPanoramic viewsSpacious open-concept floor planBuilt-in wine fridgeNatural lightCovered patio
- 43 days
- on Zillow |
- 450 |
- 15 |
Zillow last checked: 7 hours ago
Listing updated: March 28, 2025 at 01:48pm
Listed by:
Adelina Rotar (512) 522-9715,
Keller Williams Realty (512) 448-4111,
Akash Prakash (516) 492-4868,
Keller Williams Realty
Source: Unlock MLS,MLS#: 1870432

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Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 2
Primary bedroom
- Features: Ceiling Fan(s), Primary Bedroom Dressing Room, Recessed Lighting, Walk-In Closet(s)
- Level: Main
Primary bathroom
- Features: Double Vanity, Soaking Tub, Walk-in Shower
- Level: Main
Kitchen
- Features: Kitchen Island
- Level: Main
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Built-In Oven(s), Dishwasher, Disposal, Electric Cooktop, ENERGY STAR Qualified Appliances, Gas Cooktop, Gas Range, Microwave, Oven, Refrigerator, Stainless Steel Appliance(s), Washer/Dryer
Features
- Breakfast Bar, Ceiling Fan(s), High Ceilings, Granite Counters, Elevator, No Interior Steps, Primary Bedroom on Main, Recessed Lighting, Walk-In Closet(s), See Remarks
- Flooring: Tile, Wood
- Windows: Window Treatments
- Fireplace features: None
Interior area
- Total interior livable area: 1,164 sqft
Property
Parking
- Total spaces: 2
- Parking features: Additional Parking, Reserved
- Garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: None
- Exterior features: Balcony, No Exterior Steps
- Has private pool: Yes
- Pool features: In Ground, Pool/Spa Combo
- Spa features: Hot Tub, In Ground
- Fencing: Fenced, See Remarks
- Has view: Yes
- View description: City, Hill Country, Lake, Panoramic
- Has water view: Yes
- Water view: Lake
- Waterfront features: River Front
- Body of water: Lady Bird Lake
Lot
- Size: 304.92 Square Feet
- Features: Views, See Remarks
Details
- Additional structures: None
- Parcel number: 02030313080000
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Foundation: Slab, See Remarks
- Roof: Shingle, See Remarks
Condition
- Resale
- New construction: No
- Year built: 2005
Utilities & green energy
- Sewer: See Remarks
- Water: See Remarks
- Utilities for property: Electricity Available, Phone Available, Water Available, See Remarks
Community & HOA
Community
- Features: BBQ Pit/Grill, Concierge, Controlled Access, Fitness Center, Lounge, Pool, Rooftop Lounge, Spa/Hot Tub, Sundeck
- Subdivision: Milago Condo Amd
HOA
- Has HOA: Yes
- Services included: Maintenance Grounds, Trash, Water, See Remarks
- HOA fee: $676 monthly
- HOA name: Milago HOA
Location
- Region: Austin
Financial & listing details
- Price per square foot: $511/sqft
- Tax assessed value: $543,201
- Annual tax amount: $8,799
- Date on market: 3/19/2025
- Listing terms: Cash,Conventional,FHA,VA Loan
- Electric utility on property: Yes
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