54 Rainey ST # 922, Austin TX 78701

$ 800,000
54 Rainey ST # 922, Austin TX 78701,

Overview

  • Property ID
  • 2708227
  • 2 Bedrooms
  • 2 Bathrooms
  • 1,212 ft2
  • 0 ac

Description

Welcome to Milago Unit 922, a spacious 2-bedroom, 2-bath residence offering breathtaking panoramic views of Downtown Austin and Lady Bird Lake. Ideally positioned at the tranquil end of Rainey Street, this premier condo blends peaceful lakeside living with immediate access to Austin’s most vibrant dining and entertainment district.

This home underwent a comprehensive $150,000 remodel in 2017, completed through a thorough six-month renovation process. Enhancements include new hardwood flooring throughout, reconfigured walls and closets for improved functionality, custom pocket doors, and fully updated bathrooms with new toilets, showers, and modern finishes. The kitchen was completely redesigned with all-new appliances, cabinetry, and countertops, creating a refined, timeless space ideal for everyday living and entertaining.

Designed for modern living, the residence features oversized windows with automatic power shades, abundant natural light throughout and seamless indoor-outdoor connection highlighting city and lake views

BONUS FEATURES include two premium ground level parking spaces, a dedicated storage unit, refrigerator, and stackable washer/dryer—all included for your convenience.

The Milago Condominiums recently completed its first building-wide assessment since original construction, funding major capital improvements including roof replacement and elevator upgrades. The seller has already paid the full assessment for Unit 922, offering peace of mind and value to the next owner. Additionally, the building will soon begin a refresh of common areas and hallways, further enhancing the community’s appeal and long-term value.

Milago residents enjoy resort-style amenities, including:
– Rooftop pool & spa with grilling stations
– 2nd-floor fitness center and club room
– 1st-floor resident lounge and landscaped outdoor patio
– 24-hour concierge service

Outdoor Details
balcony
Other Features
Breakfast Bar
Built-in Features
Ceiling Fan(s)
Dishwasher
Disposal
Electric Range
Electrical Utility Available
Gas Grill
Has Garage
Has Waterfront
High Ceilings
Home Owners Association
Microwave
Primary Bedroom on Main
Private Entrance
Property Attached
Refrigerator
Stainless Steel Appliance(s)
Walk-In Closet(s)
Washer/Dryer Stacked
Property Id : 2708227
Price: $ 800,000
Property Size: 1,212 ft2
Property Lot Size: 0 ac
Bedrooms: 2
Bathrooms: 2
Syndication Remarks: Welcome to Milago Unit 922, a spacious 2-bedroom, 2-bath residence offering breathtaking panoramic views of Downtown Austin and Lady Bird Lake. Ideally positioned at the tranquil end of Rainey Street, this premier condo blends peaceful lakeside living with immediate access to Austin’s most vibrant dining and entertainment district. This home underwent a comprehensive $150, 000 remodel in 2017, completed through a thorough six-month renovation process. Enhancements include new hardwood flooring throughout, reconfigured walls and closets for improved functionality, custom pocket doors, and fully updated bathrooms with new toilets, showers, and modern finishes. The kitchen was completely redesigned with all-new appliances, cabinetry, and countertops, creating a refined, timeless space ideal for everyday living and entertaining. Designed for modern living, the residence features oversized windows with automatic power shades, abundant natural light throughout and seamless indoor-outdoor connection highlighting city and lake views BONUS FEATURES include two premium ground level parking spaces, a dedicated storage unit, refrigerator, and stackable washer/dryer—all included for your convenience. The Milago Condominiums recently completed its first building-wide assessment since original construction, funding major capital improvements including roof replacement and elevator upgrades. The seller has already paid the full assessment for Unit 922, offering peace of mind and value to the next owner. Additionally, the building will soon begin a refresh of common areas and hallways, further enhancing the community’s appeal and long-term value. Milago residents enjoy resort-style amenities, including: - Rooftop pool & spa with grilling stations - 2nd-floor fitness center and club room - 1st-floor resident lounge and landscaped outdoor patio - 24-hour concierge service
Parking Features: Garage, Reserved
Lot Size(acres): 0.007
Lot Size(sf): 304.92
Country: US
Last Listing Change: 2026-01-29T21:49:26.850Z
Property Key: 48453|719688|1|52012188
Status Contractual Search Date: 2026-01-29
Listing Key Numeric: 201894515
Est. Taxes: 11987
Originating System Key: actris
Originating System Name: ABOR - actris
FEMA Flood Plain: No
#Photos: 24
Last Price Change: January 19, 2026 at 02:51pm
State: TX
Last Status Change: January 29, 2026 at 09:49pm
Street Name: Rainey
Laundry Location: In Bathroom, Laundry Closet
Street# Ext.: 54
Street#: 54
Street Suffix: ST
#Dining: 1
#Living: 1
Option Period End Date: 2026-02-08T06:00:00.000Z
Property Match: APN
$/SF: 660.07
Tax Filled SF Total: 1212
Tentative Close Date: 2026-02-24T06:00:00.000Z
Unit Style: High Rise (8-13 Stories)
Accessibility Features: None
HOA Fee: 936.75
HOA Fee Frequency: Monthly
HOA includes: See Remarks
HOA Name: Milago Condo Association
Full Baths: 2
Half Baths: 0
Total Baths: 2
Community Features: BBQ Pit/Grill, Business Center, Common Grounds, Concierge, Conference/Meeting Room, Covered Parking, Fitness Center, Garage Parking, Lounge, Pool
Construction Materials: See Remarks
Cooling: Central Air
Covered Spaces: 2
Faces: NW
Directions: Head southwest on I-35 S, Take exit 236A toward 32nd St/Dean Keeton, Turn right onto River St, At the traffic circle, take the 3rd exit onto Rainey St, Destination will be on the right
Elem School: Mathews
Elem School District: Austin ISD
Fencing: None
#Fireplaces: 0
Flooring: Tile, Wood
Foundation Details: See Remarks
Garage Spaces: 2
Heating: Central
High School: Austin
High School District: Austin ISD
Levels: One
Listing ID: 4202725
Listing Terms: Cash, Conventional, FHA, VA Loan
SF Source: Public Records
Lot Features: None
MLS Area Major: DT
Main Level Beds: 2
Middle School: O Henry
Middle School District: Austin ISD
Status: Active Under Contract
Off Mkt Date: 2026-01-29
Other Structures: None
Parcel#: 02030313630000
Patio And Porch Features: None
Pool Features: None
Possession: Funding
Property Condition: Resale
Roof: See Remarks
Sewer: Public Sewer
Special Listing Conditions: Standard
Tax Annual($): 11896.95
Unit#: 922
Utilities: Electricity Connected, Water Connected
View: City, City Lights, Downtown, Lake, Skyline, Water
Water Body Name: Lady Bird Lake
Water Source: Public
Waterfront Features: Lake Front
Window Features: None
Year Built: 2005
$ 5,478.57
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 4,045.24
Wed 25 Feb
Thu 26 Feb
Fri 27 Feb
Sat 28 Feb
Sun 01 Mar
Mon 02 Mar
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Fri 06 Mar
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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