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54 Rainey St Unit 1018

Austin, TX 78701

3 beds
3 baths
1,956 sqft
$551 per sqft
2006 build
– on site

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.

Listing courtesy of ABOR / Karen Prager / Urbanspace

Last checked: Checking… • Last updated Jul 10, 2025 •

MLS# 5853750 —

The Building

Year Built:

2006
Unit Number:

1018
Unit Style:

High Rise (8-13 Stories)
New Construction:

false
Roof:

Built-Up
Foundation:

Pillar/Post/Pier
Exterior Features:

Balcony
Accessibility Features:

See Remarks
Patio And Porch Features:

Covered
Window Features:

Blinds
Levels:

One
Direction Faces:

NW
Habitable Residence:

false

Interior

Interior Features:

Breakfast Bar
Living:

2
Dining:

1
Flooring:

Tile
Laundry Location:

In Hall

Room Dimensions

Living Area:

1956
Living Area Source:

Builder

Financial & Terms

Possession:

Close Of Escrow
Restrictions:

None

Location

Latitude:

30.256716
Longitude:

-97.739866
Directions:

At the south end of Rainey St on the right. Guest Garage to the right of the front entrance.

The Property

Property Type:

Residential
Subtype:

Condominium
Parcel Number:

54 Rainey St #1018
Property Condition:

See Remarks
Property Attached:

true
Other Structures:

None
Lot Features:

Landscaped
Lot Size Area:

0 Sqft
Lot Size SqFt:

0 Sqft
View:

City
Waterfront:

true
Waterfront Features:

Lake Front
Water Body Name:

Lady Bird Lake
Horse:

false
Additional Parcels:

false
Fencing:

None
FEMA Flood Plain:

See Remarks

Listing Agent

Contact info:

Beds

Bedrooms Total:

3
Main Level Bedrooms:

3

Baths

Total Baths:

2.5
Total Baths:

3
Full Baths:

2
Half Baths:

1

The Listing

Special Listing Conditions:

Standard
Listing Terms:

Cash
Occupant Type:

Owner

Heating & Cooling

Heating:

Central
Cooling:

Central Air

Utilities

Utilities:

Electricity Available
Sewer:

Public Sewer
Water Source:

Public
Electric On Property:

true

Appliances

Appliances:

Built-In Electric Oven

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 Condominium
Association Name:

Milago Condominium
Association Fee:

$1,511
Association Fee Includes:

Common Area Maintenance
Association Fee Frequency:

Monthly
Community Features:

BBQ Pit/Grill
Pool Private:

false
Pool Features:

See Remarks

Parking

Parking Features:

Assigned
Garage:

true
Attached Garage:

false
Garage Spaces:

2
Covered Spaces:

2

Monthly cost estimate

Asking price

$1,079,000

Expense	Monthly cost
Mortgage	$5,777
Taxes	N/A
Insurance	$296
HOA fees	$1,511
Utilities	$138 See report
Total	$7,722/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Air Pollution Index

Provided by ClearlyEnergy

Max Internet Speed

Google Fiber

Provided by BroadbandNow®

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This condo located in Central Austin, Austin, TX 78701 is currently for sale for $1,079,000. 54 Rainey St Unit 1018 is a 1,956 square foot condo with 3 beds and 3 baths that has been on Estately for 3 days. 54 Rainey St Unit 1018 is in the Central Austin neighborhood of Austin and has a WalkScore® of 83, making it very walkable. This condo is in the attendance area of Austin High School and Mathews Elementary 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.