54 Rainey ST # 404, Austin TX 78701

$ 550,000
54 Rainey ST # 404, Austin TX 78701,

Overview

  • Property ID
  • 2968655
  • 2 Bedrooms
  • 2 Bathrooms
  • 1,189 ft2
  • 0 ac

Description

Live where Austin’s most iconic outdoor lifestyle meets the energy of downtown. This southwest-facing 2-bedroom, 2-bath residence at Milago offers a rare treetop perspective overlooking Lady Bird Lake and the Hike-and-Bike Trail, creating a peaceful retreat in the heart of the city.

The open-concept floor plan features wood flooring, stainless steel appliances, solar shades, spacious walk-in closets. Enjoy morning coffee or evening sunsets from the private balcony with serene lake and greenbelt views.

Milago residents enjoy resort-style amenities including a rooftop pool and spa, outdoor grilling areas, fitness center, owner lounge, party room, lakeside terrace, and 24-hour concierge service.

Just outside your door, explore the Rainey Street District’s acclaimed restaurants, nightlife, and entertainment, or step directly onto the Lady Bird Lake Trail for walking, running, biking, paddleboarding, and more. Urban convenience meets waterfront tranquility in one of Austin’s most sought-after downtown locations.

Other Features
2 Primary Baths
Dishwasher
Disposal
Electrical Utility Available
Home Owners Association
In-Law Floorplan
Kitchen Island
None
Open Floorplan
Primary Bedroom on Main
Property Attached
Range
Refrigerator
Property Id : 2968655
Price: $ 550,000
Property Size: 1,189 ft2
Property Lot Size: 0 ac
Bedrooms: 2
Bathrooms: 2
Syndication Remarks: Live where Austin's most iconic outdoor lifestyle meets the energy of downtown. This southwest-facing 2-bedroom, 2-bath residence at Milago offers a rare treetop perspective overlooking Lady Bird Lake and the Hike-and-Bike Trail, creating a peaceful retreat in the heart of the city. The open-concept floor plan features wood flooring, stainless steel appliances, solar shades, spacious walk-in closets. Enjoy morning coffee or evening sunsets from the private balcony with serene lake and greenbelt views. Milago residents enjoy resort-style amenities including a rooftop pool and spa, outdoor grilling areas, fitness center, owner lounge, party room, lakeside terrace, and 24-hour concierge service. Just outside your door, explore the Rainey Street District's acclaimed restaurants, nightlife, and entertainment, or step directly onto the Lady Bird Lake Trail for walking, running, biking, paddleboarding, and more. Urban convenience meets waterfront tranquility in one of Austin's most sought-after downtown locations.
Parking Features: Assigned
Lot Size(acres): 0.0068
Lot Size(sf): 296.21
Country: US
Last Listing Change: 2026-06-08T15:20:44.340Z
Property Key: 48453|719549|1|51181752
Status Contractual Search Date: 2026-06-08
Listing Key Numeric: 232231382
Est. Taxes: 10342
Originating System Key: actris
Originating System Name: ABOR - actris
FEMA Flood Plain: No
#Photos: 35
State: TX
Last Status Change: June 8, 2026 at 03:20pm
Street Name: Rainey
Laundry Location: In Unit, Main Level
Street# Ext.: 54
Street#: 54
Street Suffix: ST
#Dining: 1
#Living: 1
#Other Level Beds: 0
Option Period End Date: 2026-06-12T05:00:00.000Z
Property Match: APN
$/SF: 462.57
Tax Filled SF Total: 1189
Tentative Close Date: 2026-07-02T05:00:00.000Z
Unit Style: High Rise (8-13 Stories)
Accessibility Features: None
HOA Fee: 984.64
HOA Fee Frequency: Monthly
HOA includes: Common Area Maintenance, Maintenance Structure, Parking, Security
HOA Name: Milago
Full Baths: 2
Half Baths: 0
Total Baths: 2
Community Features: BBQ Pit/Grill, Clubhouse, Common Grounds, Concierge, Creative Office Space, Fitness Center, Garage Parking, Park, Pet Amenities, Pool, Smart Car Charging
Construction Materials: See Remarks
Contingencies: Financing
Cooling: Central Air
Covered Spaces: 2
Faces: West
Directions: IH35, to Rainey Street, building at end of street. Park at guest spaces.
Elem School: Mathews
Elem School District: Austin ISD
Fencing: None
#Fireplaces: 0
Flooring: Tile, Wood
Foundation Details: See Remarks
Garage Spaces: 2
Heating: Central
High School: Austin
High School District: Austin ISD
Levels: One
Listing ID: 9558786
Listing Terms: Cash, Conventional, FHA, VA Loan
SF Source: Public Records
Lot Features: None
MLS Area Major: DT
Main Level Beds: 2
Middle School: O Henry
Middle School District: Austin ISD
Status: Active Under Contract
Off Mkt Date: 2026-06-08
Other Structures: None
Parcel#: 02030312290000
Patio And Porch Features: Terrace
Pool Features: None
Possession: Funding
Property Condition: Resale
Roof: See Remarks
Sewer: Public Sewer
Special Listing Conditions: Standard
Tax Annual($): 10341.58
Unit#: 404
Utilities: Electricity Connected, Water Connected
View: City Lights, Hill Country, Lake, Skyline
Water Source: Public
Waterfront Features: See Remarks
Window Features: Double Pane Windows
Year Built: 2006
$ 3,766.52
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 2,781.10
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Info is deemed accurate but not guaranteed. Published info is subject to change. Buyers should conduct their own due diligence and research.

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Gerald Bodle, MBA