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Crystal Olenbush

  • 54 Rainey Street 322

  • $839,000
  • 2 Beds, 2 Bath, 1212 SQ. Feet, 0.01 Acres Residential Austin, TX 78701

First time to market! Rare northwest corner two bedroom residence for sale on the prized terrace level of the Milago Condominiums building. A sought after combination of serene, private setting and beautiful light-filled living spaces. Original owners have taken meticulous care of the home from recent wood flooring and paint (2021) to recent Bosch and GE microwave dishwasher and refrigerator (2020), LG electric range and LG washer and dryer (2023) and on down the line. Turn key, elevated, and thoughtful updates to closets, lighting, windows treatments, plumbing, electric, HVAC, AV, and more. With none of the maintenance issues to worry about, the new owner can focus on the tranquil setting, park and lake, and enjoyment of the private terrace that leads out to the main terrace. Perfect for children, dogs, gatherings, and just stretching out with a good book enjoying the weather in the privacy of your terrace. The Milago Condominiums building is adjacent to Lady Bird Lake and the acclaimed Anna and Roy Butler Hike-and-Bike Trail. Building amenities are robust and include a full time, on-site manager, 24/7 concierge, furnished lobby, first floor terrace and WiFi lounge, bicycle storage, third floor terrace with seating and BBQ area, fitness center, club room, and rooftop pool and hot tub with additional grilling area. Emma S. Barrientos Mexican American Cultural Center expansion and the Waller Beach at Town Lake Metropolitan Park are set to finalize in Q1/Q2 2025 and will add tremendous value and beauty to the view and the property.

View More Properties in Milago Condos. View More Properties in the 78701 Zip Code. View More Properties in the Austin School District.

Essential Information

  • MLS® #2827536
  • Price$839,000
  • Bedrooms2
  • Bathrooms2.00
  • Full Baths2
  • Square Footage1,212
  • Acres0.01
  • Year Built2005
  • TypeResidential
  • Sub-TypeCondominium
  • StatusActive

Community Information

  • Address54 Rainey Street 322
  • SubdivisionMilago Condo Amd
  • CityAustin
  • CountyTravis
  • StateTX
  • Zip Code78701


  • AmenitiesConcierge
  • # of Garages2
  • ViewPark/Greenbelt
  • Is WaterfrontYes
  • WaterfrontRiver Front


Cable Available, Electricity Available, Fiber Optic Available, Phone Available, Sewer Available, Water Available


Barbecue, Common Grounds/Area, Community Mailbox, Fitness Center, Gated, Internet Access, Lake, Pool, Storage Facilities, Street Lights, Trails/Paths, Bar/Lounge, Concierge, Conference/Meeting Room, Package Service, Property Manager On-Site


Assigned, Covered, Guest, Electric Gate


  • InteriorWood
  • HeatingCentral
  • CoolingCentral Air
  • # of Stories1
  • StoriesOne


Dryer, Dishwasher, Disposal, Microwave, Oven, Refrigerator, Washer, Free-Standing Electric Range


  • Exterior FeaturesBalcony
  • Lot DescriptionBacks to Greenbelt/Park
  • WindowsWindow Coverings
  • RoofConcrete
  • ConstructionBrick, Stucco
  • FoundationCombination

School Information

  • DistrictAustin ISD
  • ElementaryMathews
  • MiddleO Henry
  • HighAustin

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Property Listed by: Gottesman Residential R.e.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from February 29th, 2024 at 7:29pm CST. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

All information provided is deemed reliable but is not guaranteed and should be independently verified.