Located in the heart of the vibrant Rainey Street District, this exceptional residence at 54 Rainey offers one of the most breathtaking and unobstructed views in all of Austin. Unit 706 features two spacious bedrooms, two full bathrooms, a dedicated office, and an expansive open living area perfectly positioned to capture sweeping panoramic views of Lady Bird Lake and the downtown Austin skyline from nearly every angle. Floor-to-ceiling glass fills the home with natural light and creates a truly unmatched urban living experience. Residents at 54 Rainey enjoy resort-style amenities including a stunning rooftop pool and lounge deck overlooking the city, state-of-the-art fitness center, yoga studio, dog park, concierge services, outdoor grilling and entertaining spaces, co-working areas, and beautifully designed resident lounges. Just steps from Austin’s top restaurants, nightlife, hike and bike trails, and waterfront activities, this is luxury downtown living at its finest. Priced aggressively at just $550,000 and ready to sell. Seller financing may also be available for qualified buyers with as little as 0% down.
Pending
$550,000
54 Rainey St APT 706, Austin, TX 78701
2beds
1,341sqft
Condominium
Built in 2005
-- sqft lot
$545,700 Zestimate®
$410/sqft
$965/mo HOA
What's special
- 52 days |
- 41 |
- 2 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Dustin Raye (512) 554-7461,
Spyglass Realty (512) 759-0889,
Chris Amato (512) 484-8282,
Spyglass Realty
Source: Unlock MLS,MLS#: 7656455
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 2
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Electric Range, Microwave, Oven, Range, Refrigerator, Washer, Washer/Dryer, Wine Cooler, Wine Refrigerator
Features
- See Remarks, Bar, Bookcases, Built-in Features, Ceiling Fan(s), Chandelier, Granite Counters, Stone Counters, Pantry, Primary Bedroom on Main, Walk-In Closet(s)
- Flooring: Tile, Wood
- Windows: See Remarks
Interior area
- Total interior livable area: 1,341 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Assigned, Garage, See Remarks
- Garage spaces: 2
Accessibility
- Accessibility features: See Remarks
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Terrace, See Remarks
- Exterior features: Balcony, See Remarks
- Pool features: See Remarks
- Fencing: None
- Has view: Yes
- View description: City, City Lights, Downtown, Lake, River, Skyline
- Has water view: Yes
- Water view: Lake,River
- Waterfront features: Waterfront
- Body of water: Lady Bird Lake
Lot
- Size: 335 Square Feet
- Features: City Lot, Near Public Transit, See Remarks
Details
- Additional structures: See Remarks
- Parcel number: 02030313010000
- Special conditions: Real Estate Owned
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Foundation: Slab
- Roof: Flat Tile
Condition
- Resale
- New construction: No
- Year built: 2005
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: See Remarks
Community & HOA
Community
- Features: See Remarks, Fitness Center, Park, Pool
- Subdivision: Milago Condo Amd
HOA
- Has HOA: Yes
- Services included: Common Area Maintenance, Maintenance Grounds, Maintenance Structure, See Remarks
- HOA fee: $965 monthly
- HOA name: Milago HOA
Location
- Region: Austin
Financial & listing details
- Price per square foot: $410/sqft
- Tax assessed value: $801,125
- Annual tax amount: $16,394
- Date on market: 5/12/2026
- Listing terms: Cash,Conventional,VA Loan
Foreclosure details
Estimated market value
$545,700
$518,000 - $573,000
$3,890/mo
Price history
| Date | Event | Price |
|---|---|---|
| 1/17/2023 | Sold | -- |
Source: Agent Provided Report a problem | ||
| 12/5/2022 | Pending sale | $849,000$633/sqft |
Source:  Unlock MLS #1575836 Report a problem | ||
| 11/29/2022 | Contingent | $849,000$633/sqft |
Source: Unlock MLS #1575836 Report a problem | ||
| 11/3/2022 | Price change | $849,000-5.6%$633/sqft |
Source: Unlock MLS #1575836 Report a problem | ||
| 9/29/2022 | Listed for sale | $899,000$670/sqft |
Source: Unlock MLS #1575836 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $801,125 -4.4% |
| 2024 | -- | $838,328 -1.3% |
| 2023 | $577 -93.7% | $849,363 +20.1% |
| 2022 | $9,157 | $707,080 +10% |
| 2021 | -- | $642,800 +1.5% |
| 2020 | $9,784 +5% | $633,000 -0.2% |
| 2019 | $9,321 +0.3% | $634,555 -0.7% |
| 2018 | $9,292 | $639,269 +3.1% |
| 2017 | $9,292 -21.7% | $620,068 +7.2% |
| 2016 | $11,867 | $578,461 +2.6% |
| 2015 | $11,867 | $563,558 +13% |
| 2014 | $11,867 | $498,643 +8.8% |
| 2013 | -- | $458,286 +19.7% |
| 2012 | -- | $382,960 +9% |
| 2011 | -- | $351,244 -0.8% |
| 2010 | -- | $354,067 -12.5% |
| 2009 | -- | $404,500 -3.2% |
| 2008 | -- | $417,890 -1.2% |
| 2007 | -- | $422,800 +423.1% |
| 2006 | -- | $80,826 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment$1,822
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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 10/10Mathews Elementary SchoolGrades: PK-6Distance: 2 mi
- 6/10O Henry Middle SchoolGrades: 6-8Distance: 2.9 mi
- 7/10Austin High SchoolGrades: 9-12Distance: 2 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 706
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