54 Rainey St 1018, Austin, TX

$999,000

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3

Beds

2.1

Baths

1,956

Square feet

About 54 Rainey St 1018

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 or 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.

Features of 54 Rainey St 1018

MLS® # 5853750
Price $999,000
Bedrooms 3
Bathrooms 3.00
Full Baths 2
Half Baths 1
Square Footage 1,956
Acres 0.00
Year Built 2006
Type Residential
Sub-Type Condominium
Status Active
Has Pool No

Water Feature/View

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

Community Information: Austin

Address 54 Rainey St 1018
Area DT
Subdivision Milago Condominium
City Austin
County Travis
State TX
Zip Code 78701

Amenities of 54 Rainey St 1018

Amenities Concierge
Utilities Electricity Available, See Remarks
Features Common Grounds/Area, Community Mailbox, Curbs, Fitness Center, Gated, Lake, Park, Pool, Street Lights, Trails/Paths, Barbecue, Bar/Lounge, Bicycle Storage, Business Center, Concierge, Conference/Meeting Room, Deck/Porch, Package Service, Property Manager On-Site, Rooftop Lounge, Storage Facilities
Parking Garage, Gated, Assigned, Guest
# of Garages 2

Interior of 54 Rainey St 1018

Interior Tile, Wood
Appliances Built-In Electric Oven, Built-In Range, Dishwasher, Electric Water Heater, Disposal, Microwave, Refrigerator, Built-In Electric Range, Washer/Dryer Stacked
Heating Central, Electric
Fireplace No
# of Stories 1
Stories One

Exterior of 54 Rainey St 1018

Exterior Features Balcony
Lot Description Landscaped, Level, Many Trees, Views
Roof Built-Up
Construction Brick, Stone, Stucco
Foundation Pillar/Post/Pier

School Information

District Austin ISD
Elementary Mathews
Middle O Henry
High Austin

Additional Information On 54 Rainey St 1018

Days on Market 91
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 1511
HOA Fees Freq. Monthly
Gated Community Yes

Property History

Price Reduced from $1,079,000 to $999,000

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: Urbanspace(512) 457-8884. Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from October 19th, 2025 at 5:30am 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 1018, Austin

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