Modern Condo in Prime Downtown Location Milago on Rainey Street
Live in the heart of Austin at the Milago, a sought-after building on lively Rainey Street. This spacious 1-bedroom, 1-bath condo offers 781 sq. ft. of open-concept living with hardwood floors, granite countertops, and stainless steel appliances. Located on the 4th floor with a private balcony, Unit 405 combines modern comfort with unbeatable access to outdoor and city life.
Step right outside to the Hike-and-Bike Trail along Lady Bird Lake, or enjoy a short walk to some of Austin's best restaurants, bars, cafes, yoga studios, and entertainment spots.
On-Site Amenities:
Resort-Style Rooftop Pool & Hot Tub with skyline views
Fitness Center & Club Room (2nd floor)
WiFi Lounge & Outdoor Patio (1st floor)
3rd-Floor Terrace with Grills and Lounge Seating
24/7 Concierge and Security
Fob-Access Building & Package Receiving
Key Features:
Hardwood floors throughout
Granite countertops & stainless steel appliances
Multiple closets for ample storage
In-unit washer and dryer
Private balcony
Gated parking garage with assigned spot next to elevator
Additional Info:
Lease Terms: 12-month minimum
Security Deposit: 1 month's rent
HOA Application Fee: $300 (non-refundable)
Utilities: Tenant pays electricity, water, internet
Parking: Assigned space in gated garage near elevator (no additional fee)
Pet Policy: One dog or one cat allowed (no additional fee)
Why You'll Love Living Here:
Whether you're biking the trail, lounging on the rooftop, or enjoying Rainey Street's vibrant scene, this condo offers the perfect blend of nature, nightlife, and convenience all in one of Austin's most desirable downtown communities.
Good credit and rental history required. Owner pays monthly HOA fee. Tenant pays all utilities (Electricity, water, and internet). No paint.
Sold
Price Unknown
54 Rainey St APT 405, Austin, TX 78701
1beds
781sqft
Apartment
Built in ----
-- sqft lot
$337,700 Zestimate®
$--/sqft
$2,462 Estimated rent
Home value
$337,700
$317,000 - $361,000
$2,462/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Source: Zillow Rentals
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Freezer, Microwave, Oven, Refrigerator, Washer
- Laundry: In Unit
Features
- Flooring: Hardwood
Interior area
- Total interior livable area: 781 sqft
Property
Parking
- Parking features: Attached
- Has attached garage: Yes
- Details: Contact manager
Features
- Patio & porch: Deck
- Exterior features: Bicycle storage, Club Room, Electricity not included in rent, Heating system: Forced Air, Internet not included in rent, No Utilities included in rent, TV Lounge, Water not included in rent
Details
- Parcel number: 719550
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: $2,000
Other
Other facts
- Available date: 09/13/2025
Price history
| Date | Event | Price |
|---|---|---|
| 12/8/2025 | Sold | -- |
Source: Agent Provided Report a problem | ||
| 10/23/2025 | Contingent | $349,900$448/sqft |
Source: | ||
| 10/10/2025 | Listed for sale | $349,900$448/sqft |
Source: | ||
| 10/1/2025 | Listing removed | $2,000$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/13/2025 | Price change | $2,000-4.8%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/23/2025 | Listed for rent | $2,100$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/29/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/14/2023 | Listed for rent | $2,100+10.5%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/25/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 7/19/2021 | Listed for rent | $1,900$2/sqft |
Source: Zillow Rental Manager Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,457 -9.2% | $366,658 -5.5% |
| 2024 | $6,009 +12.1% | $387,845 +2.1% |
| 2023 | $5,360 -7.7% | $379,786 +10% |
| 2022 | $5,808 | $345,260 +10% |
| 2021 | -- | $313,873 -0.7% |
| 2020 | $6,279 +3.8% | $315,956 |
| 2019 | $6,051 -2.7% | $315,956 -4% |
| 2018 | $6,217 | $329,000 +5.1% |
| 2017 | $6,217 +16.9% | $313,000 +6.3% |
| 2016 | $5,320 | $294,482 +10% |
| 2015 | $5,320 | $267,711 +10% |
| 2014 | $5,320 | $243,374 +8.3% |
| 2013 | -- | $224,821 +18.8% |
| 2012 | -- | $189,224 +8.6% |
| 2011 | -- | $174,236 +2.6% |
| 2010 | -- | $169,742 -20.8% |
| 2009 | -- | $214,219 |
| 2008 | -- | $214,219 -19.5% |
| 2007 | -- | $266,266 +431% |
| 2006 | -- | $50,146 |
Find assessor info on the county website
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 10/10Mathews Elementary SchoolGrades: PK-6Distance: 1.9 mi
- 6/10O Henry Middle SchoolGrades: 6-8Distance: 2.9 mi
- 7/10Austin High SchoolGrades: 9-12Distance: 2 mi
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Estimated market value
$337,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$337,700



