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.
Pending
$550,000
54 Rainey St APT 404, Austin, TX 78701
2beds
1,189sqft
Condominium
Built in 2006
-- sqft lot
$-- Zestimate®
$463/sqft
$985/mo HOA
What's special
Lakeside terraceWood flooringOpen-concept floor planStainless steel appliancesOutdoor grilling areasSolar shadesSpacious walk-in closets
- 30 days |
- 247 |
- 4 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Cynthia Mattiza (512) 940-5293,
Kuper Sotheby's Int'l Realty (512) 261-0008
Source: Unlock MLS,MLS#: 9558786
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 2
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Range, Refrigerator
Features
- 2 Primary Baths, In-Law Floorplan, Kitchen Island, Open Floorplan, Primary Bedroom on Main
- Flooring: Tile, Wood
- Windows: Double Pane Windows
Interior area
- Total interior livable area: 1,189 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Assigned
- Garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Terrace
- Exterior features: None
- Pool features: None
- Fencing: None
- Has view: Yes
- View description: City Lights, Hill Country, Lake, Skyline
- Has water view: Yes
- Water view: Lake
- Waterfront features: See Remarks
Lot
- Size: 296 Square Feet
- Features: None
Details
- Additional structures: None
- Parcel number: 02030312290000
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Foundation: See Remarks
- Roof: See Remarks
Condition
- Resale
- New construction: No
- Year built: 2006
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Water Connected
Community & HOA
Community
- Features: BBQ Pit/Grill, Clubhouse, Common Grounds, Concierge, Creative Office Space, Fitness Center, Garage Parking, Park, Pet Amenities, Pool, Smart Car Charging
- Subdivision: Milago Condo Amd
HOA
- Has HOA: Yes
- Services included: Common Area Maintenance, Maintenance Structure, Parking, Security
- HOA fee: $985 monthly
- HOA name: Milago
Location
- Region: Austin
Financial & listing details
- Price per square foot: $463/sqft
- Tax assessed value: $614,061
- Annual tax amount: $10,341
- Date on market: 6/2/2026
- Listing terms: Cash,Conventional,FHA,VA Loan
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/17/2026 | Pending sale | $550,000$463/sqft |
Source:  Unlock MLS #9558786 Report a problem | ||
| 6/8/2026 | Contingent | $550,000$463/sqft |
Source: Unlock MLS #9558786 Report a problem | ||
| 6/8/2026 | Pending sale | $550,000$463/sqft |
Source: Kuper Sotheby's International Realty #9558786 Report a problem | ||
| 6/2/2026 | Listed for sale | $550,000-3.8%$463/sqft |
Source: Kuper Sotheby's International Realty #9558786 Report a problem | ||
| 5/20/2019 | Sold | -- |
Source: Agent Provided Report a problem | ||
| 5/1/2019 | Pending sale | $572,000$481/sqft |
Source: Keller Williams Realty #2215433 Report a problem | ||
| 4/27/2019 | Listed for sale | $572,000$481/sqft |
Source: Keller Williams Realty #2215433 Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | -- | $72,243 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 10/10Mathews Elementary SchoolGrades: PK-6Distance: 1.9 mi
- 6/10O Henry Middle SchoolGrades: 6-8Distance: 2.8 mi
- 7/10Austin High SchoolGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- Elementary: Mathews
- Middle: O Henry
- High: Austin
- District: Austin ISD
Source: Unlock MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Texas
- Travis County
- Austin
- 78701
- Downtown
- 54 Rainey St Apartment 404
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Nearby neighborhoods
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