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Off market
  • $586,900

    54 Rainey St APT 404, Austin, TX 78701

    2beds
    1,189sqft
    Condominium
    Built in 2005
    -- sqft lot
    $586,900 Zestimate®
    $494/sqft
    $3,586 Estimated rent

    Home value

    $586,900

    $552,000 - $622,000

    $3,586/mo

    Zestimate® history
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    What's special

    Live where Austin's most iconic outdoor lifestyle meets the energy of downtown. This southwest-facing 2-bedroom, 2-bath residence at Milago offers a rare treetop perspective overlooking Lady Bird Lake and the Hike-and-Bike Trail, creating a peaceful retreat in the heart of the city. The open-concept floor plan features wood flooring, stainless steel appliances, solar shades, spacious walk-in closets. Enjoy morning coffee or evening sunsets from the private balcony with serene lake and greenbelt views. Milago residents enjoy resort-style amenities including a rooftop pool and spa, outdoor grilling areas, fitness center, owner lounge, party room, lakeside terrace, and 24-hour concierge service. Just outside your door, explore the Rainey Street District's acclaimed restaurants, nightlife, and entertainment, or step directly onto the Lady Bird Lake Trail for walking, running, biking, paddleboarding, and more. Urban convenience meets waterfront tranquility in one of Austin's most sought-after downtown locations.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Zillow last checked:

    Source: Kuper Sotheby's International Realty,MLS#: 9558786

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Features
    • Has basement: No
    Interior area
    • Total structure area: 1,189
    • Total interior livable area: 1,189 sqft

    Property

    Parking
    • Total spaces: 2
    Details
    • Parcel number: 719549

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium
    Condition
    • Year built: 2005
    • Major remodel year: 2005

    Community & HOA

    Location
    • Region: Austin

    Financial & listing details

    • Price per square foot: $494/sqft
    • Tax assessed value: $614,061
    • Annual tax amount: $10,015
    • Date on market: 6/2/2026
    • Lease term: Contact For Details

    Price history

    DateEventPrice
    7/14/2026Listing removed$550,000$463/sqft
    Source: Kuper Sotheby's International Realty #9558786 Report a problem
    6/17/2026Pending sale$550,000$463/sqft
    Source: Unlock MLS #9558786 Report a problem
    6/8/2026Contingent$550,000$463/sqft
    Source: Unlock MLS #9558786 Report a problem
    6/8/2026Pending sale$550,000$463/sqft
    Source: Kuper Sotheby's International Realty #9558786 Report a problem
    6/2/2026Listed for sale$550,000-3.8%$463/sqft
    Source: Kuper Sotheby's International Realty #9558786 Report a problem
    5/20/2019Sold--
    Source: Agent Provided Report a problem
    5/1/2019Pending sale$572,000$481/sqft
    Source: Keller Williams Realty #2215433 Report a problem
    4/27/2019Listed for sale$572,000$481/sqft
    Source: Keller Williams Realty #2215433 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$10,015 -5.9%$614,061 -4.9%
    2024$10,644 -8.2%$645,999 -15%
    2023$11,591 -7.8%$760,074 +5.4%
    2022$12,572 $721,365 +21.3%
    2021-- $594,862 +6.8%
    2020$7,477 -7.1%$557,241
    2019$8,045 -29.6%$557,241 +4.9%
    2018$11,423 $531,399 +3%
    2017$11,423 +22.2%$515,928 +7.1%
    2016$9,346 $481,621 +8.8%
    2015$9,346 $442,725 +12.7%
    2014$9,346 $392,740 +8.5%
    2013-- $362,032 +19.1%
    2012-- $303,960 +8.7%
    2011-- $279,508 +1.5%
    2010-- $275,419 -20.8%
    2009-- $347,883
    2008-- $347,883 -8.1%
    2007-- $378,681 +424.2%
    2006-- $72,243
    Find assessor info on the county website

    Neighborhood: Downtown

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $586,900
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    Estimated market value
    $586,900