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Off market
  • $549,500

    54 Rainey St APT 312, Austin, TX 78701

    2beds
    1,164sqft
    Apartment
    Built in ----
    -- sqft lot
    $549,500 Zestimate®
    $472/sqft
    $3,400 Estimated rent

    Home value

    $549,500

    $506,000 - $593,000

    $3,400/mo

    Zestimate® history
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    What's special

    Modern lightingHardwood floorsStainless appliancesBreakfast barOpen layoutUpgraded kitchen

    Modern Rainey Retreat | Direct Trail Access + Residents-Only Terrace *List Price represents $300 off first month Live at Milago in a beautifully updated 2-bedroom, 2-bath home in the heart of Rainey Street where downtown convenience meets the outdoors. This 1,164 sq ft residence has an open layout, hardwood floors, and upgraded kitchen and bathrooms. The standout feature: a rare 3rd-floor setting with direct access to a residents-only community terrace and an open, unobstructed outlook not facing another building or parking garage. Enjoy views over the dog park and quick access to the Lady Bird Lake Trail right outside the building. Home Highlights Updated kitchen with quartz-style counters, breakfast bar, and stainless appliances Bright living area with large windows and modern lighting Two true bedrooms / flexible split layout for guests or a dedicated office Both bathrooms upgraded with contemporary finishes Reserved garage parking included Pet friendly Milago Amenities Rooftop pool + separate hot tub 24/7 Concierge, business center, and enclosed lake-facing patio on the lobby level Fitness center + resident club room Secure mailroom + package receiving area Steps from Rainey's restaurants and nightlife, and unmatched for outdoor access Milago offers one of the most convenient connections to the Lady Bird Lake Trail. - No smoking allowed - Up to two pets allowed - Annual Lease (open to longer terms)

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Zillow last checked:

    Listing updated:

    Source: Zillow Rentals

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Heat Pump
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Dryer, Freezer, Microwave, Oven, Refrigerator, Washer
    • Laundry: In Unit
    Features
    • View
    • Flooring: Hardwood
    Interior area
    • Total interior livable area: 1,164 sqft

    Property

    Parking
    • Parking features: Attached
    • Has attached garage: Yes
    • Details: Contact manager
    Features
    • Patio & porch: Patio
    • Exterior features: Availability 24 Hours, Bicycle storage, Community Area, Coworking, Pet Park, Trails, View Type: Rooftop View
    • Pool features: Pool
    • Has spa: Yes
    • Spa features: Hottub Spa
    Details
    • Parcel number: 719533

    Construction

    Type & style
    • Home type: Apartment
    • Property subtype: Apartment

    Community & neighborhood

    Community
    • Community features: Fitness Center, Pool
    Location
    • Region: Austin

    HOA & financial

    Other fees
    • Deposit fee: $3,225
    • Application fee: $85

    Price history

    DateEventPrice
    4/11/2026Listing removed$2,900$2/sqft
    Source: Zillow Rentals Report a problem
    3/12/2026Price change$2,900-10.1%$2/sqft
    Source: Zillow Rentals Report a problem
    1/5/2026Listed for rent$3,225$3/sqft
    Source: Zillow Rentals Report a problem
    12/11/2019Listing removed$565,000$485/sqft
    Source: Moreland Properties #8146300 Report a problem
    11/11/2019Pending sale$565,000$485/sqft
    Source: Moreland Properties #8146300 Report a problem
    9/18/2019Listed for sale$565,000$485/sqft
    Source: Moreland Properties #8146300 Report a problem
    9/13/2019Pending sale$565,000$485/sqft
    Source: Moreland Properties #8146300 Report a problem
    9/9/2019Price change$565,000-1.7%$485/sqft
    Source: Moreland Properties #8146300 Report a problem
    7/12/2019Price change$575,000-4%$494/sqft
    Source: Moreland Properties #8146300 Report a problem
    5/29/2019Listed for sale$599,000+39.3%$515/sqft
    Source: Moreland Properties #8146300 Report a problem
    6/5/2009Listing removed$430,000$369/sqft
    Source: Imagemaker360 #3439866 Report a problem
    3/5/2009Listed for sale$430,000$369/sqft
    Source: Imagemaker360 #3439866 Report a problem
    1/22/2009Listing removed$430,000$369/sqft
    Source: Imagemaker360 #3439866 Report a problem
    9/13/2008Listed for sale$430,000+5.1%$369/sqft
    Source: Imagemaker360 #3439866 Report a problem
    9/1/2008Sold--
    Source: Agent Provided Report a problem
    8/12/2008Price change$409,000-4.9%$351/sqft
    Source: Imagemaker360 #3439866 Report a problem
    6/21/2008Listed for sale$430,000$369/sqft
    Source: Imagemaker360 #3439866 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,865 -25.8%$497,359 -22.7%
    2024$10,597 -3.9%$643,374 -11.4%
    2023$11,029 -3.8%$725,780 +10%
    2022$11,465 $659,800 +10%
    2021-- $599,818 +3.5%
    2020$12,906 +3.8%$579,608
    2019$12,432 +3%$579,608 +4.7%
    2018$12,068 $553,784 +1.6%
    2017$12,068 +93%$545,060 +7.2%
    2016$6,252 $508,424 +23.5%
    2015$6,252 $411,760 +10%
    2014$6,252 $374,327 +10%
    2013-- $340,297 +10%
    2012-- $309,361 +10%
    2011-- $281,237 +0.9%
    2010-- $278,751 -20.9%
    2009-- $352,239
    2008-- $352,239 -5%
    2007-- $370,735 +424.1%
    2006-- $70,742

    Find assessor info on the county website

    Neighborhood: Downtown

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $549,500
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    Estimated market value
    $549,500