54 Rainey Street #314
Austin, TX 78701
1164 sqft | 2 beds | 2 baths | 0.01 acres | #5156148
Description
Experience the very best of downtown Austin living in this rare 3rd-floor residence at Milago Condominiums. Nestled in the highly sought-after Rainey Street District, this thoughtfully designed two-bedroom, two-bath home combines modern comfort with unbeatable access to Austin’s vibrant urban core.
Step inside to discover an open-concept floor plan featuring a spacious living and dining area, a sleek kitchen with quartz counters, stainless steel appliances, and a large island that doubles as a breakfast bar. Natural light fills the space, while private bedrooms are thoughtfully separated for privacy and convenience.
The highlight of this home is the oversized private patio that seamlessly extends your living space outdoors. Unique to this residence, the patio connects directly to Milago’s 3rd-floor terrace — complete with lounge seating and a community grill — giving you the feeling of an expansive backyard in the heart of the city. With easy access to both the elevator and stairs, you can step outside, entertain, or simply relax without leaving your floor.
Additional features include:
Two reserved garage spaces — a true luxury downtown
Primary suite with walk-in closet and spa-inspired bath
Stacked washer/dryer and wine refrigerator included
Pet-friendly community
Milago residents enjoy an unmatched lifestyle with amenities such as 24-hour security, a rooftop pool and spa with panoramic city and lake views, a fully equipped fitness center, a business lounge, and on-site concierge services. Direct access to the Lady Bird Lake Hike & Bike Trail puts nature at your doorstep, while Rainey Street’s dining, music, and nightlife are just steps away.
Property Details
- InteriorBreakfast Bar, Ceiling Fans, Double Vanity, Kitchen Island, MainLevelPrimary, Open Floorplan, Quartz Counters, Storage, Walk In
- FoundationPillar Post Pier
- Sewer InformationPublic Sewer
- SubdivisionMilago Condo
- Property SubtypeCondominium
- School DistrictAustin ISD
- Property TypePurchase
- Original List Price$735,000
- Exterior MaterialsBalcony
- Elementary SchoolMathews
- Middle SchoolO Henry
- Taxes Annual$11,441
- MLS #5156148
- MLS #5156148
- Acres0.0067
- Utility SourcePublic
- High SchoolAustin
- CountyTravis
- Cost735000
- Property ConditionResale
- Square Feet1164
- Year Built2005
- Hoa Fees900
- Bedrooms2
- Bathrooms2
- Full Baths2
- Parking Spaces2
- Days on Market (Cumulative)1
Location
Legal
Based on information submitted to the MLS GRID as of 2025-09-23 09:01:50 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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®. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided "AS IS" and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
Last Updated:Â . Source: ACTRIS
Provided By
Listing Agent: Mike McNamara (#739424), Phone: (844) 888-3384
Listing Office: West and Swope Ranches (#700748)

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