54 Rainey St, Unit 1201

Austin, TX 78701

$945,000
Last List Price
2
Beds
1,289 Sq. Ft.
$733 / Sq. Ft.
1,289
Sq. Ft.
$733
per Sq. Ft.
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Closed 5/10/22Virtual Tour
Closed 5/10/22Virtual Tour

Description

Come home to your condo in one of the most popular areas of Austin. Situated right on the hike and bike trail, this corner unit on the 12th floor offers stunning views of Lady Bird Lake and the popular Rainey St District and East Austin. Live the Austin life with easy access to the lake, shops, restaurants, and see the bats fly at dusk from the comfort of your generously sized private balcony. The Milago has every amenity you'll need to feel right at home - a recently updated rooftop deck with a...Come home to your condo in one of the most popular areas of Austin. Situated right on the hike and bike trail, this corner unit on the 12th floor offers stunning views of Lady Bird Lake and the popular Rainey St District and East Austin. Live the Austin life with easy access to the lake, shops, restaurants, and see the bats fly at dusk from the comfort of your generously sized private balcony. The Milago has every amenity you'll need to feel right at home - a recently updated rooftop deck with a pool, spa, fire pit, outdoor dining, and two gas grills that face downtown. A terrace with grills and outdoor dining on the third floor. A modern club room that can be rented, a fitness studio, a WiFi lounge, and a bike storage room. Packages are received by a building staff member and delivered right to your front door and there is also laundry service available through local vendors. This unit also comes with a storage locker.
  1. Listed by Dan Smith • TREC #0533006 • Brokerage DRE #9012268 • Portico Real Estate
    P: (512)-897-4608 C: (512)-897-4608 dan@porticoatx.com

Property Details for 54 Rainey Street, Unit 1201

Subdivision Name
Milago Condos
Waterfront
Yes
Waterfront Description
Lake Front
Water Access Description
Public
View
Lake, Panoramic, River
View YN
Yes
Parcel Number
02030314070000
Elementary School
Mathews
LISTING UPDATED: 07/20/2023 01:10 PM

Property Details for 54 Rainey Street, Unit 1201

StatusClosed
MLS #6821770
Days on Market13
Taxes$14,954 / year
HOA Fees$709 / month
Condo/Co-op Fees-
Property TypeCondo
MLS TypeResidential / Condominium
Year Built2005
CountyTravis County
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Location

Listing Courtesy of Portico Real Estate, Dan Smith, TREC #0533006

Sold By Keller Williams Realty, Jeff Marischen, TREC #0746019

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Building Information for 54 Rainey Street, Unit 1201

Building/Complex54 Rainey StFloor-Stories1Residences-Pet Policy-Pet Policy Details-Year Built2005

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$6,714 per month

30 year fixed, 6.46% Interest

Principal and Interest

$4,759

Property Taxes

$1,246

HOA Dues

$709

The Payment Calculator is for illustrative purposes only.

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Property Information for 54 Rainey Street, Unit 1201

General Information
Parking
  • Garage Spaces: 2
  • Parking Total: 2
  • Parking Features: Garage, Garage Door Opener, Covered, Guest
  • Garage: Yes
  • Covered Spaces: 2
Interior
  • Interior Features: Breakfast Bar, High Ceilings, Main Level Master, Track Lighting, Walk In Closets
  • Flooring: Tile, Wood
Exterior
  • Exterior Features: Barbecue, Gas Grill
  • New Construction: No
  • Construction Materials: Brick Veneer, Masonry
  • Foundation Details: See Remarks
  • Patio And Porch Features: Covered, Patio
  • Water Body Name: Lady Bird Lake
  • Roof: Concrete
  • Fencing: See Remarks, Wrought Iron
  • Direction Faces: South
  • Window Features: WindowTreatments
  • Accessibility Features: None
  • Community Features: Barbecue, Business Center, Bicycle Storage, Concierge, Common Grounds/Area, Clubhouse, Community Mailbox, Conference/Meeting Room, Deck Porch, Fitness Center, Game Room, Gated, Kitchen Facilities, Lake, Laundry Service, Maintenance On-Site, Pool, Planned Social Activities, Storage Facilities, Trails Paths, Curbs
Property Information
Lot Information
  • FEMA Flood Plain: Yes-500 yr
  • Lot Features: Trees Large Size, Views
  • Horse: No
  • Horse Amenities: None
Utilities
  • Cooling YN: Yes
  • Cooling: Central Air
  • Heating YN: Yes
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Electricity Available
Room Information
Room 2
  • Room Type: Kitchen
  • Room Level: Main
  • Room Features: BreakfastBar, GraniteCounters, KitchenFamilyRoomCombo, Pantry
Room 3
  • Room Type: DiningRoom
  • Room Level: Main
Room 4
  • Room Type: Laundry
  • Room Level: Main
Room 5
  • Room Type: PrimaryBathroom
  • Room Level: Main
  • Room Features: GraniteCounters, GardenTubRomanTub, SeparateShower
Room 6
  • Room Type: PrimaryBedroom
  • Room Level: Main
  • Room Features: CeilingFans, WalkInClosets
Unit Information
Unit 1
  • Permission: IDX
Unit 2
  • Permission: IDX
Unit 3
  • Permission: IDX
Unit 4
  • Permission: IDX
Unit 5
  • Permission: IDX
Unit 6
  • Permission: IDX
Financial Information
Taxes and HOA Information
  • Association: Yes
  • Association Name: Milago Condo HOA
  • Association Fee Includes: Insurance, MaintenanceStructure, SeeRemarks, Trash, Water
  • Association Amenities: Concierge
  • Tax Assessed Value: $687,000
  • Additional Parcels: No
  • Tax Year: 2021
  • Tax Rate: 2.17%
Showing Information
Showing Information
  • Security Features: Prewired, Security System Owned, Fire Alarm, 24 Hour Security, Controlled Access
  • Directions: From the center of downtown Austin go south to Cesar Chavez and turn left, turn right onto Red River, turn left onto Driskill, turn right onto Rainey Street.

Property History for 54 Rainey Street, Unit 1201

DateEvent & SourcePriceAppreciationLink
May 10, 2022

Sold

ACTRIS #6821770

——
Mar 16, 2022

Pending

ACTRIS #6821770

——
Mar 3, 2022

Listed (Active)

ACTRIS #6821770

$945,000——
DateEvent & SourcePrice
05/10/2022

Sold

ACTRIS #6821770

—
03/16/2022

Pending

ACTRIS #6821770

—
03/03/2022

Listed (Active)

ACTRIS #6821770

$945,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 54 Rainey Street, Unit 1201

Taxable ValueLand$242,453Additions$453,047Total$695,500
Tax Record2024$11,996 ($1,000 / month)
Home Facts
Beds2Total Finished SqFt1,289 SqFtAbove Grade Finished SqFt1,289 SqFtStories1Lot Size322 SqFtStyleCondominiumYear Built2005CountyTRAVISAPN02030314070000

Schools near 54 Rainey Street, Unit 1201

This home is within Austin Independent School District.
Rating
School
Type
Grades
Distance
Mathews Elementary School
Public - PK to 6
O Henry Middle School
Public - 6 to 8
Austin High School
Public - 9 to 12
Daep- El
Public - 5
Rating
School
Distance
Mathews Elementary School
PublicPK to 6

O Henry Middle School
Public6 to 8

Austin High School
Public9 to 12

Daep- El
Public5

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, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Portico Real Estate, Dan Smith, TREC #0533006

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.