54 Rainey St, Unit 1222

2,418 Sq. Ft.
$765 / Sq. Ft.
2,418
Sq. Ft.
$765
per Sq. Ft.

Description

Spectacular sub-penthouse suite at The Milago in the heart of Austin's Rainey Street District. Beautifully updated & remodeled, offering the utmost in downtown luxury living. Two spacious bedrooms + office, balcony & great room-all with fantastic dead-on views of Austin's premiere lake & skyline. The Milago offers residents and their guests a rooftop terrace with pool, hot tub, fitness room & WiFi lounge, just moments to Lady Bird Lake & Butler Hike & Bike Trail. Residence also offers two reserved...Spectacular sub-penthouse suite at The Milago in the heart of Austin's Rainey Street District. Beautifully updated & remodeled, offering the utmost in downtown luxury living. Two spacious bedrooms + office, balcony & great room-all with fantastic dead-on views of Austin's premiere lake & skyline. The Milago offers residents and their guests a rooftop terrace with pool, hot tub, fitness room & WiFi lounge, just moments to Lady Bird Lake & Butler Hike & Bike Trail. Residence also offers two reserved parking spaces near elevator in the gated garage + storage, guest parking, 24-hour concierge & so much more! Just a few feet away from local restaurants, shops, & grocery stores.

Listing Agents

  1. Gary Dolch

    Gary Dolch

    Listing Agent

    Compass

    TREC #0516143

    gary.dolch@compass.com

    P: (512)-656-5627

  2. Michelle Dolch

    Michelle Dolch

    Alternative Listing Agent

    Compass

    TREC #0553410

Property Details for 54 Rainey Street, Unit 1222

Subdivision Name
Milago Condo Amd
Waterfront
Yes
Waterfront Description
Lake Front, River Front
Water Access Description
Public
View
City, Lake, Panoramic, River, Creek/Stream
View YN
Yes
Parcel Number
02030314260000
Tax Lot
1222
LISTING UPDATED: 11/14/2022 09:00 PM

Property Details for 54 Rainey Street, Unit 1222

StatusClosed
MLS #1588057
Days on Market22
Taxes$25,563 / year
HOA Fees$1,244 / month
Condo/Co-op Fees-
Property TypeCondo
MLS TypeResidential / Condominium
Year Built2005
CountyTravis County

Location

Sold By Compass RE Texas, LLC, Tracy Picone, TREC #0528859

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Building Information for 54 Rainey Street, Unit 1222

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

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Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$12,690 per month

30 year fixed, 6.46% Interest

Principal and Interest

$9,316

Property Taxes

$2,130

HOA Dues

$1,244

The Payment Calculator is for illustrative purposes only.

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Rocket Mortgage1

Property Information for 54 Rainey Street, Unit 1222

General Information
Parking
  • Garage Spaces: 2
  • Parking Total: 2
  • Parking Features: Assigned, Garage, Gated, Guest
  • Garage: Yes
  • Covered Spaces: 2
Interior
  • Interior Features: Breakfast Bar, Double Vanity, Elevator, Multiple Living Areas, Main Level Master, No Interior Steps, Recessed Lighting, Walk In Closets, High Speed Internet
  • Flooring: Carpet, Stone, Tile
Exterior
  • Exterior Features: Balcony, Barbecue, Covered Courtyard, Dog Run, Outdoor Grill, Uncovered Courtyard
  • Construction Materials: See Remarks
  • Foundation Details: See Remarks
  • Patio And Porch Features: Patio, Side Porch, Balcony
  • Water Body Name: Lady Bird Lake
  • Roof: See Remarks
  • Fencing: Fenced, See Remarks
  • Direction Faces: Southwest
  • Window Features: DoublePaneWindows, WindowTreatments
  • Accessibility Features: None
  • Community Features: Barbecue, Business Center, Bicycle Storage, Concierge, Clubhouse, Community Mailbox, Conference/Meeting Room, Car Share Available, Fitness Center, Internet Access, Lake, Pet Amenities, Park, Property Manager On-Site, Pool, Rooftop Lounge, Storage Facilities, Street Lights, Trails Paths
Property Information
Lot Information
  • FEMA Flood Plain: No
  • Lot Features: Close To Clubhouse, Backs to Greenbelt/Park, Moderate Trees, Near Public Transit, Trees Medium Size, Trees Small Size, Views
  • Horse: No
  • Horse Amenities: None
Utilities
  • Cooling YN: Yes
  • Cooling: Central Air, Zoned
  • Heating YN: Yes
  • Heating: Central, Zoned
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Other, Phone Connected, Water Connected
Green Features
  • Green Energy Efficient: Appliances, Hvac, Insulation, Lighting, Thermostat, Windows
  • Green Sustainability: OnsiteRecyclingCenter
Room Information
Room 1
  • Room Type: Sunroom
  • Room Level: Main
  • Room Features: RecessedLighting
Room 2
  • Room Type: Office
  • Room Level: Main
  • Room Features: RecessedLighting
Room 3
  • Room Type: Kitchen
  • Room Level: Main
  • Room Features: BreakfastBar, BreakfastArea, DiningArea, EatInKitchen, GraniteCounters, GourmetKitchen, KitchenIsland, KitchenFamilyRoomCombo, Pantry, RecessedLighting
Room 4
  • Room Type: PrimaryBathroom
  • Room Level: Main
  • Room Features: DoubleVanity, JettedTub, SeparateShower, WalkInShower
Room 5
  • Room Type: PrimaryBedroom
  • Room Level: Main
  • Room Features: WalkInClosets
Unit Information
Unit 1
  • Permission: IDX
Unit 2
  • Permission: IDX
Unit 3
  • Permission: IDX
Unit 4
  • Permission: IDX
Unit 5
  • Permission: IDX
Financial Information
Taxes and HOA Information
  • Association: Yes
  • Association Name: The Milago
  • Association Fee Includes: CommonAreaMaintenance, Insurance, Parking, Security, Trash
  • Association Amenities: Concierge
  • Tax Assessed Value: $0
  • Tax Year: 2020
  • Tax Rate: 2.14%
Showing Information
Showing Information
  • Security Features: Security Lights, Controlled Access
  • Directions: Head east on E 5th St toward Brazos St, Turn right onto S IH 35 Frontage Rd Keep right to continue on East Ave Turn right at the 1st cross street onto River St At the traffic circle, take the 3rd exit onto Rainey St

Property History for 54 Rainey Street, Unit 1222

DateEvent & SourcePriceAppreciationLink
Jun 3, 2021

Sold

ACTRIS #1588057

Apr 19, 2021

Pending

ACTRIS #1588057

Mar 29, 2021

Listed (Active)

ACTRIS #1588057

$1,850,000
DateEvent & SourcePrice
06/03/2021

Sold

ACTRIS #1588057

04/19/2021

Pending

ACTRIS #1588057

03/29/2021

Listed (Active)

ACTRIS #1588057

$1,850,000

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

Public Records for 54 Rainey Street, Unit 1222

Taxable ValueLand$455,153Additions$1,027,140Total$1,482,293
Tax Record2024$30,653 ($2,554 / month)
Home Facts
Beds2Total Finished SqFt2,418 SqFtAbove Grade Finished SqFt2,418 SqFtStories1Lot Size605 SqFtStyleCondominiumYear Built2005CountyTRAVISAPN02030314260000

Schools near 54 Rainey Street, Unit 1222

This home is within Austin Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 6 to 8
Public - 9 to 12
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.

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.