54 Rainey St #314, Austin, TX 78701
Local realty services provided by:ERA Colonial Real Estate
Listed by:michael mcnamara
Office:west and swope ranches
MLS#:5156148
Source:ACTRIS
54 Rainey St #314,Austin, TX 78701
$735,000
- 2 Beds
- 2 Baths
- 1,164 sq. ft.
- Condominium
- Active
Price summary
- Price:$735,000
- Price per sq. ft.:$631.44
- Monthly HOA dues:$900
About this home
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.
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Home facts
- Year built:2005
- Listing ID #:5156148
- Updated:September 25, 2025 at 04:38 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:2
- Full bathrooms:2
- Living area:1,164 sq. ft.
Heating and cooling
- Cooling:Central, Electric
- Heating:Central, Electric
Structure and exterior
- Year built:2005
- Building area:1,164 sq. ft.
Schools
- High school:Austin
- Elementary school:Mathews
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$735,000
- Price per sq. ft.:$631.44
- Tax amount:$11,441 (2025)
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