54 Rainey St, Unit 1018
Description
From the moment you enter, you’re greeted by expansive windows that flood the home with natural light and frame stunning views the downtown skyline and Lady Bird Lake. Rich wood flooring runs...Experience elevated downtown living at Milago, where style, space, and sweeping views come together in one exceptional residence. This beautifully appointed 3-bedroom, 2.5-bath condo offers nearly 2,000 square feet (1,956 SF) of light-filled living space in one of Austin’s most desirable waterfront buildings.
From the moment you enter, you’re greeted by expansive windows that flood the home with natural light and frame stunning views the downtown skyline and Lady Bird Lake. Rich wood flooring runs throughout, creating a warm, cohesive feel across the open-concept living and dining areas—perfect for entertaining or simply enjoying the view.
The gorgeous kitchen is both functional and refined, featuring quartz countertops, a custom backsplash, an extra-deep sink, and abundant cabinet space for effortless organization. Whether you’re hosting friends before a night out or preparing a quiet dinner at home, this kitchen is designed to impress.
The spacious primary suite offers a true retreat, complete with a luxurious ensuite bath boasting a double vanity, large soaking tub, and separate walk-in shower. Two additional bedrooms provide flexibility for guests, a home office, or a dedicated fitness or media space.
Located just steps from the Town Lake Trail, you’ll have immediate access to miles of scenic waterfront paths, along with some of Austin’s best dining, shopping, and entertainment. Residents of Milago enjoy premium amenities including a beautiful pool and a fully equipped fitness center.
This is downtown Austin living at its finest—spacious, sophisticated, and perfectly positioned to enjoy the best of the city.
Listing Agent
![Matt Holm]()
matt.holm@compass.comP: (512)-769-1695
Property Details for 54 Rainey Street, Unit 1018
Property Details for 54 Rainey Street, Unit 1018
| Status | Active |
|---|---|
| MLS # | 2440461 |
| Days on Market | 1 |
| Taxes | $17,804 / year |
| HOA Fees | $1,511 / month |
| Condo/Co-op Fees | - |
| Compass Type | Condo |
| MLS Type | Residential / Condominium |
| Year Built | 2005 |
| County | Travis County |
Location
Virtual Tour
Building Information for 54 Rainey Street, Unit 1018
Payment Calculator
$7,815 per month
30 year fixed, 6.15% Interest
$4,820
$1,484
$1,511
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1Property Information for 54 Rainey Street, Unit 1018
- Garage Spaces: 2
- Parking Total: 2
- Parking Features: Assigned, Garage, Guest
- Garage: Yes
- Covered Spaces: 2
- Interior Features: See Remarks
- Flooring: See Remarks
- Appliances: BuiltInElectricRange, Dishwasher
- Fireplace: No
- Fireplaces Total: 0
- Laundry Features: InUnit
- Virtual Tour URL Branded: https://app.homejab.com/property/view/54-rainey-st-austin-tx-78701
- Virtual Tour URL Unbranded: https://mls.homejab.com/property/view/54-rainey-st-austin-tx-78701
- Restrictions: CityRestrictions, DeedRestrictions, RestrictiveCovenant
- Exterior Features: Balcony
- Construction Materials: Brick, Stone, Stucco
- Foundation Details: Pillar Post Pier
- Patio And Porch Features: See Remarks, Balcony
- Water Body Name: Lady Bird Lake
- Roof: Built Up
- Fencing: None
- Direction Faces: Northwest
- Window Features: DoublePaneWindows
- Accessibility Features: See Remarks
- Community Features: Barbecue, Business Center, Bicycle Storage, Concierge, Fitness Center, Pool, Trails Paths
- FEMA Flood Plain: See Remarks
- Lot Features: See Remarks
- Horse: No
- Horse Amenities: None
- Cooling YN: Yes
- Cooling: See Remarks
- Heating YN: Yes
- Heating: Central
- Sewer: See Remarks
- Utilities: See Remarks
- Permission: IDX
- Association: Yes
- Association Name: Milago Condominiums
- Association Fee Includes: SeeRemarks
- Association Amenities: Concierge
- Tax Assessed Value: $869,981
- Tax Year: 2026
- Tax Rate: 2.05%
- Security Features: See Remarks
- Directions: Head south on Rainey Street. Milago is the last building on the right.
Property History for 54 Rainey Street, Unit 1018
| Date | Event & Source | Price |
|---|---|---|
| 03/05/2026 | Listed (Active) ACTRIS #2440461 | $989,000 |
| 12/31/2025 | Expired ACTRIS #5853750 | $999,000 |
| 12/27/2025 | Temporarily Off Market ACTRIS #5853750 | $999,000 |
| 07/09/2025 | Listed (Active) ACTRIS #5853750 | $1,079,000 |
| 07/01/2025 | Expired ACTRIS #9115496 | $1,100,000 |
| 06/30/2025 | Temporarily Off Market ACTRIS #9115496 | $1,100,000 |
| 01/27/2025 | Listed (Active) ACTRIS #9115496 | $1,150,000 |
| 10/15/2020 | Sold ACTRIS #7940997 | — |
| 09/20/2020 | Pending ACTRIS #7940997 | $815,000 |
| 08/24/2020 | $799,000 | |
| 08/21/2020 | Listed (Active) ACTRIS #7940997 | $825,000 |
| 06/21/2020 | $850,000 | |
| 03/22/2020 | $850,000 | |
| 10/02/2019 | $975,000 | |
| 11/21/2013 | — | |
| 11/11/2013 | $729,000 | |
| 08/23/2013 | $750,000 | |
| 08/09/2013 | $750,000 | |
| 08/09/2013 | $750,000 | |
| 08/08/2013 | $750,000 | |
| 08/08/2013 | $750,000 | |
| 09/07/2011 | $699,900 | |
| 06/24/2011 | $699,900 | |
| 09/30/2010 | $574,900 | |
| 09/04/2010 | $574,900 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 54 Rainey Street, Unit 1018
Schools near 54 Rainey Street, Unit 1018
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 6 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 3 |
Rating | School | Distance |
|---|---|---|
Mathews Elementary School PublicPK to 6 | ||
O Henry Middle School Public6 to 8 | ||
Austin High School Public9 to 12 | ||
Daep- El Public3 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, Waco Association of REALTORS, and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2026 Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All rights reserved. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. All area measurements and calculations are approximate and should be independently verified. Data may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market”. © [2026] REsides, Inc. All rights reserved. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.