54 Rainey St 713, Austin, TX

$499,900

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2

Beds

2

Baths

1,164

Square feet

0.01

Acres

About 54 Rainey St 713

Special Financing Options Available! Welcome to Milago, the pinnacle of happiness living in the heart of Downtown Austin! Situated directly on the banks of Lady Bird Lake, Milago offers rare and direct access to the Hike & Bike Trail—just steps outside the building’s doors. As one of the only buildings in Austin located right on the trail, it provides the perfect blend of city convenience and lakeside tranquility, placing you moments away from the best dining, entertainment, and outdoor activities Austin has to offer. Step into the spacious, open-concept floor plan featuring rich hardwood floors throughout the kitchen and living areas, creating a warm and inviting atmosphere. The kitchen is a chef’s dream, boasting upgraded tile backsplash, stainless steel appliances, a built-in wine fridge, and a center island perfect for entertaining. The living area flows seamlessly to a covered patio, where you can unwind while taking in the vibrant energy of Rainey Street. The thoughtfully designed layout ensures privacy and comfort, with each bedroom located on opposite sides of the unit, each with its own bathroom and spacious walk-in closet. The primary suite features an upgraded built-in closet system, adding both style and functionality. Natural light floods the unit through large, operable windows, offering sweeping views of Downtown Austin, Lady Bird Lake, and the scenic Hill Country. Milago offers a full suite of premium amenities, including a 24/7 concierge, a rooftop pool and hot tub with panoramic views, an outdoor lounge with grilling stations, a state-of-the-art fitness center, and a stylish club room. Two reserved garage parking spaces, conveniently located near the elevator, and a storage unit are also included for added convenience. Experience the perfect blend of nature and city living at Milago – where you can enjoy the tranquility of lakeside greenery while being steps away from Austin’s vibrant nightlife and dining scene.

Features of 54 Rainey St 713

MLS® # 1870432
Price $499,900
Bedrooms 2
Bathrooms 2.00
Full Baths 2
Square Footage 1,164
Acres 0.01
Year Built 2005
Type Residential
Sub-Type Condominium
Status Active
Has Pool Yes

Water Feature/View

View City,Hills,Lake,Panoramic,Lady Bird Lake
Is Waterfront Yes

Community Information: Austin

Address 54 Rainey St 713
Area DT
Subdivision Milago Condo Amd
City Austin
County Travis
State TX
Zip Code 78701

Amenities of 54 Rainey St 713

Amenities Concierge
Utilities Electricity Available, Phone Available, Water Available, See Remarks
Features Barbecue, Pool, Bar/Lounge, Concierge, Deck/Porch, Fitness Center, Rooftop Lounge
Parking Additional Parking, Assigned
# of Garages 2

Interior of 54 Rainey St 713

Interior Tile, Wood
Appliances Built-In Oven, Dishwasher, ENERGY STAR Qualified Appliances, Gas Cooktop, Disposal, Gas Range, Microwave, Oven, Refrigerator, Stainless Steel Appliance(s), Dryer, Electric Cooktop, Washer
Heating Electric
Fireplace No
Fireplaces None
# of Stories 1
Stories One

Exterior of 54 Rainey St 713

Exterior Features No Exterior Steps, Balcony
Lot Description See Remarks, Views
Roof Shingle, See Remarks
Construction Masonry, See Remarks
Foundation Slab, See Remarks

School Information

District Austin ISD
Elementary Mathews
Middle O Henry
High Austin

Additional Information On 54 Rainey St 713

Days on Market 191
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 676
HOA Fees Freq. Monthly
Gated Community No

Property History

Price Reduced from $540,000 to $499,900
Price Reduced from $575,000 to $540,000
Price Increased from $211,999 to $575,000
Price Reduced from $575,000 to $211,999
Price Reduced from $575,000 to $211,999
Price Increased from $211,999 to $575,000
Price Reduced from $575,000 to $211,999
Price Increased from $211,999 to $575,000
Price Increased from $211,999 to $575,000
Price Reduced from $575,000 to $211,999
Price Increased from $211,999 to $575,000
Price Reduced from $575,000 to $211,999
Price Reduced from $585,000 to $575,000
Price Increased from $211,999 to $585,000
Price Reduced from $585,000 to $211,999
Price Increased from $211,999 to $585,000
Price Reduced from $585,000 to $211,999
Price Increased from $211,999 to $585,000
Price Reduced from $585,000 to $211,999
Price Increased from $211,999 to $585,000
Price Reduced from $585,000 to $211,999
Price Increased from $211,999 to $585,000
Price Reduced from $585,000 to $211,999
Price Increased from $211,999 to $585,000
Price Reduced from $585,000 to $211,999
Price Increased from $211,999 to $585,000
Price Reduced from $585,000 to $211,999
Price Increased from $211,999 to $585,000
Price Reduced from $585,000 to $211,999
Price Increased from $211,999 to $585,000
Price Reduced from $585,000 to $211,999
Price Increased from $211,999 to $585,000
Price Reduced from $585,000 to $211,999
Status Changed from Pending to Active
Price Increased from $211,999 to $585,000
Price Reduced from $595,000 to $585,000

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. Listing Data Provided By: Keller Williams Realty(512) 522-9715. Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from October 15th, 2025 at 5:00am CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. All information provided is deemed reliable but is not guaranteed and should be independently verified.

Map to 54 Rainey St 713, Austin

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