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54 Rainey St Unit 617

Austin, TX 78701

1 bed
1 bath
865 sqft
$560 per sqft
2005 build
– on site

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.

Listing courtesy of ABOR / Kristee Leonard / The Leaders Realty, LLC

Last checked: Checking… • Last updated Jun 7, 2025 •

MLS# 5555368 —

The Building

Year Built:

2005
Unit Number:

617
Unit Style:

Tower (14+ Stories)
New Construction:

false
Roof:

See Remarks
Foundation:

See Remarks
Exterior Features:

None
Accessibility Features:

None
Patio And Porch Features:

None
Window Features:

Blinds
Levels:

One
Direction Faces:

East

Interior

Interior Features:

Built-in Features
Living:

2
Dining:

1
Flooring:

Tile
Laundry Location:

Laundry Closet

Room Dimensions

Living Area:

865
Living Area Source:

Public Records

Financial & Terms

Possession:

Close Of Escrow
Restrictions:

City Restrictions

Location

Latitude:

30.256641
Longitude:

-97.739888
Directions:

GPS

The Property

Property Type:

Residential
Subtype:

Condominium
Parcel Number:

02030312880000
Property Condition:

Updated/Remodeled
Other Structures:

None
Lot Features:

Near Public Transit
Lot Size Area:

0 Sqft
Lot Size SqFt:

0 Sqft
SqFt Total:

865 Sqft
View:

City
Waterfront:

false
Waterfront Features:

None
Water Body Name:

Lake Austin
Horse:

false
Additional Parcels:

false
Fencing:

None
FEMA Flood Plain:

No

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

$6,611

Beds

Bedrooms Total:

1
Main Level Bedrooms:

1

Baths

Total Baths:

1
Total Baths:

1
Full Baths:

1

The Listing

Special Listing Conditions:

Standard
Listing Terms:

Cash
Occupant Type:

Owner

Heating & Cooling

Heating:

Central
Cooling:

Ceiling Fan(s)

Utilities

Utilities:

Electricity Connected
Sewer:

Public Sewer
Water Source:

Public
Electric On Property:

true

Appliances

Appliances:

Dishwasher

Schools

Elementary School:

Mathews
Elementary School District:

Austin ISD
Middle School:

O Henry
Middle School District:

Austin ISD
High School:

Austin
High School District:

Austin ISD

The Community

Subdivision Name:

Milago Condo Amd
Association Name:

Milago
Association Fee:

$667.95
Association Fee Includes:

Common Area Maintenance
Association Fee Frequency:

Monthly
Community Features:

BBQ Pit/Grill
Pool Private:

true
Pool Features:

Heated
Spa Features:

Hot Tub

Parking

Parking Features:

Garage
Garage:

true
Attached Garage:

false
Garage Spaces:

1
Covered Spaces:

1

Monthly cost estimate

Asking price

$485,000

Expense	Monthly cost
Mortgage	$2,597
Taxes	$550
Insurance	$133
HOA fees	$668
Utilities	$99 See report
Total	$4,047/mo.^*
	^*This is an estimate

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This condo located in Central Austin, Austin, TX 78701 is currently for sale for $485,000. 54 Rainey St Unit 617 is a 865 square foot condo with 1 bed and 1 bath that has been on Estately for 0 days. 54 Rainey St Unit 617 is in the Central Austin neighborhood of Austin. This condo is in the attendance area of Mathews Elementary School and Austin High School.

Based on information from the Austin Board of REALTORS® and ACTRIS 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. 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.