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Crystal Olenbush

  • 54 Rainey Street 1218

  • $1,150,000 REDUCED
  • 2 Beds, 3 Bath, 1956 SQ. Feet, 0.01 Acres Residential Austin, TX 78701

Spacious Milago condo with spectacular unobstructed lake & city views * Two primary bedrooms w/ensuite bathrooms and Office or possible 3rd bedroom * Open living/dining area with significant natural light overlooking city + covered balcony * Custom upgrades, stainless steel appliances, granite counters, wood and slate floors * Washer/Dryer included. * Private balcony off primary bedroom * Storage unit & 2 pkg spaces close to elevator * Fitness center & aerobics room with park and lake views * Modern clubroom on 2nd floor for community gatherings and private entertaining * Double insulated energy efficient windows ** Milago is one of downtown Austin's best kept secrets & the only building immediately adjacent to Austin’s coveted Lady Bird Lake Hike-&-Bike Trail and neighboring park.. Enjoy the serenity of nature along the trail while being just a stroll away from all the famous hotels, restaurants, and bars the Historical Rainey Street District has to offer. * HOA includes 3 semi-private backyards that inc. 1st floor terrace adjacent to trail, WiFi lounge, 3rd floor terrace w/ lounge area & rooftop terrace replete w/pool, hot tub & two outdoor grills. * Milago has one of the best resale values in all of Downtown Austin, and is priced significantly less than the average downtown price per SF * Milago is one of the few existing buildings without a waitlist to lease *

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® #9014971
  • Price$1,150,000
  • Bedrooms2
  • Bathrooms3.00
  • Full Baths2
  • Half Baths1
  • Square Footage1,956
  • Acres0.01
  • Year Built2005
  • TypeResidential
  • Sub-TypeCondominium
  • StatusActive

Community Information

  • Address54 Rainey Street 1218
  • SubdivisionMilago Condo Amd
  • CityAustin
  • CountyTravis
  • StateTX
  • Zip Code78701


  • UtilitiesElectricity Available
  • ParkingAssigned, Attached
  • # of Garages2
  • ViewCity, Lake, River
  • Is WaterfrontYes
  • WaterfrontLake Front
  • Has PoolYes


Common Grounds/Area, Community Mailbox, Fitness Center, Sidewalks, Trails/Paths, Curbs, Storage Facilities


  • InteriorTile, Wood
  • HeatingCentral, Electric
  • CoolingCentral Air
  • FireplacesNone
  • # of Stories1
  • StoriesOne


Dryer, Dishwasher, Electric Cooktop, Disposal, Microwave, Refrigerator, Washer


  • Exterior FeaturesDog Run
  • WindowsWindow Treatments
  • RoofConcrete
  • ConstructionConcrete
  • FoundationSlab

School Information

  • DistrictAustin ISD
  • ElementaryMathews
  • MiddleO Henry
  • HighAustin

Map & Directions

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Price Change History for 54 Rainey Street 1218, Austin, TX (MLS® #9014971)

Date Details Price Change
Price Reduced $1,150,000 $50,000 (4.17%)
Price Reduced $1,200,000 $75,000 (5.88%)
Price Reduced (from $1,350,000) $1,275,000 $75,000 (5.56%)

Property Listed by: Perfect Tree Realty

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 September 29th, 2023 at 10:06pm CDT. 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.