54 Rainey Street 1018
- $999,000 REDUCED
- 3 Beds, 3 Bath, 1956 SQ. Feet Residential Austin, TX 78701
Bring Offer!!! Ideally situated on a high floor of the Milago, this expansive 1,956 SF corner residence offers unobstructed views of the Austin skyline and Lady Bird Lake. With a flexible layout featuring three bedrooms (or two with home office/study) this home is thoughtfully designed for both comfort and sophistication. The open-concept living and dining areas flow into the kitchen with generous counter space, stainless steel appliances, and a large pantry. The primary suite is a true retreat, complete with a walk-in closet, private balcony, and a spacious spa-like bath featuring a soaking tub, glass-enclosed shower, dual vanity, and great storage. The second bedroom includes its own en-suite bath, providing comfort and privacy for guests. Additional features include two reserved parking spaces and a private storage unit. Perhaps one of the best secrets in town, The Milago is located on the quiet end of Rainey Street with direct access to the Hike & Bike Trail while being steps away from restaurants, bars, and entertainment, offering a rare balance of lakeside calm and downtown connectivity. The building's full-service amenities include a 24-hour concierge, rooftop pool and spa, fitness center, business center, third-floor terrace with BBQ and seating, and secure bike storage.
Essential Information
- MLS® #5853750
- Price$999,000
- Bedrooms3
- Bathrooms3.00
- Full Baths2
- Half Baths1
- Square Footage1,956
- Acres0.00
- Year Built2006
- TypeResidential
- Sub-TypeCondominium
- StatusActive
Community Information
- Address54 Rainey Street 1018
- SubdivisionMilago Condominium
- CityAustin
- CountyTravis
- StateTX
- Zip Code78701
Amenities
- AmenitiesConcierge
- ParkingGarage, Assigned, Gated, Guest
- # of Garages2
- ViewHills, City, Lake
- Is WaterfrontYes
- WaterfrontLake Front
Utilities
Electricity Available, See Remarks
Features
Community Mailbox, Curbs, Fitness Center, Park, Pool, Trails/Paths, Barbecue, Bar/Lounge, Bicycle Storage, Business Center, Common Grounds/Area, Concierge, Conference/Meeting Room, Deck/Porch, Gated, Lake, Package Service, Property Manager On-Site, Rooftop Lounge, Storage Facilities, Street Lights
Interior
- InteriorTile, Wood
- HeatingCentral, Electric
- CoolingCentral Air, Electric
- # of Stories1
- StoriesOne
Appliances
Dishwasher, Electric Water Heater, Disposal, Microwave, Refrigerator, Built-In Electric Oven, Built-In Electric Range, Built-In Range, Washer/Dryer Stacked
Exterior
- Exterior FeaturesBalcony
- RoofBuilt-Up
- ConstructionBrick, Stone, Stucco
- FoundationPillar/Post/Pier
Lot Description
Landscaped, Level, Views, Many Trees
Windows
Blinds, Window Coverings, Window Treatments
School Information
- DistrictAustin ISD
- ElementaryMathews
- MiddleO Henry
- HighAustin
Map & Directions
View in Google MapsPrice Change History for 54 Rainey Street 1018, Austin, TX (MLS® #5853750)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced (from $1,079,000) | $999,000 | $80,000 (7.41%) |
Property Listed by: Urbanspace
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 December 15th, 2025 at 11:02am 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.