54 Rainey ST #1018, Austin, TX 78701 (MLS # 4971034)
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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/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. Also available for sale.
| LAST UPDATED | 12/4/2025 | TRACT | Milago Condo Amd |
|---|---|---|---|
| YEAR BUILT | 2005 | COMMUNITY | Milago Condo Amd |
| GARAGE SPACES | 2.0 | COUNTY | Travis |
| STATUS | Active | PROPERTY TYPE(S) | Rental Properties |
| Elementary School | Mathews |
|---|---|
| Jr. High School | O Henry |
| High School | Austin |
| PRICE HISTORY | |
| Prior to Nov 5, '25 | $7,985 |
|---|---|
| Nov 5, '25 - Nov 19, '25 | $7,500 |
| Nov 19, '25 - Dec 4, '25 | $6,500 |
| Dec 4, '25 - Today | $5,995 |
| ADDITIONAL DETAILS | |
| APPLIANCES | Built-In Electric Range, Dishwasher |
|---|---|
| AREA | DT |
| EXTERIOR | Balcony |
| GARAGE | Yes |
| INTERIOR | See Remarks |
| LOT | 492 sq ft |
| LOT DESCRIPTION | See Remarks |
| PARKING | Garage |
| POOL DESCRIPTION | None |
| STORIES | 1 |
| STYLE | High Rise (8-13 Stories) |
| SUBDIVISION | Milago Condo Amd |
| UTILITIES | See Remarks |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Property listed by Karen Prager, Urbanspace
Based on information from the Austin Board of REALTORS ® (alternatively, from ACTRIS) for the period through 12/24/25 4:51 AM PST. 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.
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.
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.
This IDX solution is (c) Diverse Solutions 2025.