This meticulously maintained urban condo at the Milago offers stylish living at the end of Rainey Street, with direct access to Lady Bird Lake, the hike and bike trail, and a lively array of dining and entertainment spots just steps away. This one-bedroom + study, one-bath condo showcases European plank hardwood floors, custom paint (entire condo & ceiling painted 2020), granite countertops, stainless steel appliances, a custom closet organizer, and a functional, open floor plan designed to maximize both space and comfort. Recently replaced in 2020 Rheem electric water heater and hvac. The Milago offers exceptional amenities, including a rooftop pool and hot tub with sweeping downtown views along with grills and seating, and a spacious 3rd-floor terrace outdoor seating— perfect for entertaining. Residents also enjoy 24-hour concierge service, a fitness center, a clubroom, a Wi-Fi lounge, and convenient bike storage. Recent updates include a refreshed lobby, new pool furniture, and BBQ grills. This condo blends luxury, convenience, and unbeatable location for the ultimate urban lifestyle. *Buyer to independently verify all information including but not limited to taxes, restrictions, schools, square footage, Hoa dues, year built, etc.
Features of 54 Rainey St 617
MLS® #
5555368
Price
$425,000
Bedrooms
1
Bathrooms
1.00
Full Baths
1
Square Footage
865
Acres
0.00
Year Built
2005
Type
Residential
Sub-Type
Condominium
Status
Active
Has Pool
Yes
Water Feature/View
View
City,Lake Austin
Is Waterfront
No
Water Body
Lake Austin
Community Information: Austin
Address
54 Rainey St 617
Area
DT
Subdivision
Milago Condo Amd
City
Austin
County
Travis
State
TX
Zip Code
78701
Amenities of 54 Rainey St 617
Amenities
Concierge
Utilities
Electricity Connected, Sewer Connected, Water Connected
Features
Clubhouse, Fitness Center, Internet Access, Park, Pool, Trails/Paths, Barbecue, Bicycle Storage, Concierge, Lake
Parking
Garage, Assigned, Secured
# of Garages
1
Interior of 54 Rainey St 617
Interior
Tile, Wood
Appliances
Dishwasher, Electric Water Heater, Disposal, Microwave, Stainless Steel Appliance(s), Electric Range
Heating
Central
Fireplace
No
# of Stories
1
Stories
One
Exterior of 54 Rainey St 617
Exterior Features
None
Lot Description
Near Public Transit
Roof
See Remarks
Construction
See Remarks
Foundation
See Remarks
School Information
District
Austin ISD
Elementary
Mathews
Middle
O Henry
High
Austin
Additional Information On 54 Rainey St 617
Days on Market
124
Foreclosure
No
Short Sale
No
RE / Bank Owned
No
HOA Fees
668
HOA Fees Freq.
Monthly
Gated Community
No
Property History
Price Reduced from $450,000 to $425,000
Price Reduced from $485,000 to $450,000
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: The Leaders Realty, LLC(512) 695-5144. Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from October 14th, 2025 at 7:31pm 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.
