54 Rainey St, Unit 401

Austin, TX 78701

$700,000
Last List Price
2
Beds
1,289 Sq. Ft.
$543 / Sq. Ft.
1,289
Sq. Ft.
$543
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 5/1/24
Closed 5/1/24
Mesmerizing water views in this corner unit 401 with 8 foot windows

Description

Milago SPECTACULAR LAKEFRONT CORNER UNIT 2-2 has 2 Street Level Parking spots, Dual Balcony Outdoor living spaces, Two Main suites, Hardwood flooring. Shows beautifully. Head out the door on the 10 Mile Hike-Bike Trail or meet friends down Rainey Street. Every room has 8 foot windows and PLENTIFUL lighting! Granite Counters, Oval Tub, Moen Fixtures. Affordable HOA, 24/7 concierge, Fitness center overlooking Lake, Rooftop pool, Westside terrace on the park, special kayak landing, canoe, fish, stand...Milago SPECTACULAR LAKEFRONT CORNER UNIT 2-2 has 2 Street Level Parking spots, Dual Balcony Outdoor living spaces, Two Main suites, Hardwood flooring. Shows beautifully. Head out the door on the 10 Mile Hike-Bike Trail or meet friends down Rainey Street. Every room has 8 foot windows and PLENTIFUL lighting! Granite Counters, Oval Tub, Moen Fixtures. Affordable HOA, 24/7 concierge, Fitness center overlooking Lake, Rooftop pool, Westside terrace on the park, special kayak landing, canoe, fish, stand up paddle, bird watch! Mellow building 240 units-NO AIRBNB hustle bustle, Plenty of areas to socialize, eat, Latte at Royal Grocery, pick up essentials. MAGICAL RAINEY STREET, BARS, CANTINAS, ECLECTIC FOOD TRUCKS close enough to walk ~ distant enough for Peace. Excellent Value for the price, NOT ONE Downtown highrise rivals all of these close-proximity amenities.
  1. Listed by Lisa Marie Contaldi • TREC #0414285 • Brokerage DRE #561475 • Intero Real Estate Services
    P: (512)-784-5111 C: (512)-784-5111 lcontaldi@intero.com

Property Details for 54 Rainey Street, Unit 401

Subdivision Name
Milago Condo Amd
Waterfront
Yes
Waterfront Description
Lake Front, Waterfront
Water Access Description
Public
View
Lake
View YN
Yes
Parcel Number
02030312260000
Tax Lot
401
LISTING UPDATED: 06/14/2026 09:31 AM

Property Details for 54 Rainey Street, Unit 401

StatusClosed
MLS #1720660
Days on Market16
Pet Policy-
Taxes-
HOA Fees$889 / month
Condo/Co-op Fees-
Property TypeCondo
MLS TypeResidential / Condominium
Year Built2005
CountyTravis County
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Location

Listing Courtesy of Intero Real Estate Services, Lisa Marie Contaldi, TREC #0414285

Sold By Womack Real Estate LLC, Sherene Mayner, TREC #0643368

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Building Information for 54 Rainey Street, Unit 401

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

Payment Calculator

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OriginPoint Mortgage or Rocket Mortgage1

$5,225 per month

30 year fixed, 6.36% Interest

Principal and Interest

$3,488

Property Taxes

$848

HOA Dues

$889

The Payment Calculator is for illustrative purposes only.

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Property Information for 54 Rainey Street, Unit 401

General Information
Parking
  • Garage Spaces: 2
  • Parking Total: 2
  • Parking Features: Assigned, Community Structure, Covered, Guest
  • Garage: Yes
  • Covered Spaces: 2
Interior
  • Interior Features: Breakfast Bar, Ceiling Fan(s), Granite Counters, High Ceilings, Main Level Master, Multiple Primary Suites, Multiple Closets, Walk In Closets
  • Flooring: Wood
Exterior
  • Exterior Features: Balcony, See Remarks
  • New Construction: No
  • Construction Materials: Masonry, Stone Veneer
  • Foundation Details: See Remarks
  • Patio And Porch Features: Porch, Side Porch, Balcony
  • Water Body Name: Lady Bird Lake
  • Roof: See Remarks
  • Fencing: None
  • Direction Faces: South
  • Window Features: DoublePaneWindows
  • Accessibility Features: None
  • Community Features: Bicycle Storage, Concierge, Common Grounds/Area, Conference/Meeting Room, Deck Porch, Fitness Center, Game Room, Kitchen Facilities, Lake, Maintenance On-Site, Package Service, Property Manager On-Site, Rooftop Lounge, Trails Paths
Property Information
Lot Information
  • FEMA Flood Plain: No
  • Lot Features: None
  • Horse: No
  • Horse Amenities: None
Location Information
  • Builder Name: Fairfield Residential LLC
Utilities
  • Cooling YN: Yes
  • Cooling: Central Air, Electric
  • Heating YN: Yes
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
Room Information
Room 1
  • Room Type: LivingRoom
  • Room Level: Main
  • Room Features: HighCeilings
Room 2
  • Room Type: Kitchen
  • Room Level: Main
  • Room Features: BreakfastBar
Room 3
  • Room Type: Bathroom
  • Room Level: Main
  • Room Features: SeparateShower
Room 4
  • Room Type: Bedroom
  • Room Level: Main
  • Room Features: CeilingFans
  • Room Description: Both bedrooms can be used as primary bedroom and have bathroom connected
Room 5
  • Room Type: PrimaryBathroom
  • Room Level: Main
  • Room Features: SoakingTub
Room 6
  • Room Type: PrimaryBedroom
  • Room Level: Main
  • Room Features: CeilingFans
  • Room Description: Both bedrooms can be used as primary bedroom and have bathroom connected
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: Somerset Assn Mgmt
  • Association Fee Includes: CommonAreaMaintenance, Insurance, MaintenanceGrounds, MaintenanceStructure, Parking, Security
  • Association Amenities: Concierge
  • Tax Assessed Value: $772,476
  • Additional Parcels: No
  • Tax Year: 2023
  • Tax Rate: 1.81%
Showing Information
Showing Information
  • Security Features: Building Security
  • Directions: From Mopac Take Cesar Chavez (1st street) west to Red River - from here you have two choices, I recommed you GO east to IH 35 turn right on service road then right on Lambie Street, left on East Avenue, right on Cummings (which turns into Rainey Street, community is on the left). Use metered spot outside with Park ATX app. Free parking on Sunday as per signage.

Property History for 54 Rainey Street, Unit 401

DateEvent & SourcePriceAppreciationLink
May 1, 2024

Sold

ACTRIS #1720660

—
Mar 25, 2024

Pending

ACTRIS #1720660

—
Mar 10, 2024

Listed (Active)

ACTRIS #1720660

$700,000—
DateEvent & SourcePrice
05/01/2024

Sold

ACTRIS #1720660

—
03/25/2024

Pending

ACTRIS #1720660

—
03/10/2024

Listed (Active)

ACTRIS #1720660

$700,000

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

Public Records for 54 Rainey Street, Unit 401

Taxable ValueLand$217,658Additions$403,215Total$620,873
Tax Record2024$10,174 ($848 / month)
Home Facts
Beds2Total Finished SqFt1,157 SqFtAbove Grade Finished SqFt1,157 SqFtStories1Lot Size292 SqFtStyleCondominiumYear Built2005CountyTRAVISAPN02030312260000

Schools near 54 Rainey Street, Unit 401

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 any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. 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 Intero Real Estate Services, Lisa Marie Contaldi, TREC #0414285

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.