54 Rainey St, Unit 614

Austin, TX 78701

$599,000
Last List Price
2
Beds
1,164 Sq. Ft.
$515 / Sq. Ft.
1,164
Sq. Ft.
$515
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 8/16/24
Closed 8/16/24

Description

This 2 bedroom, 2 full bath condo provides all the upscale community amenities of The Milago: a rooftop pool and spa, exercise facility, clubroom, lounge, and concierge services, plus the home’s balcony is over the treetops for great views of the trail and downtown! The spacious condo features wood floors in the open-plan living room and kitchen, granite countertops, upgraded cabinets, and a kitchen island. Both bedrooms have sizeable walk-in closets, while the primary bedroom has a separate shower...This 2 bedroom, 2 full bath condo provides all the upscale community amenities of The Milago: a rooftop pool and spa, exercise facility, clubroom, lounge, and concierge services, plus the home’s balcony is over the treetops for great views of the trail and downtown! The spacious condo features wood floors in the open-plan living room and kitchen, granite countertops, upgraded cabinets, and a kitchen island. Both bedrooms have sizeable walk-in closets, while the primary bedroom has a separate shower and tub and the secondary bedroom has a tub/shower combo. The unit is on the quieter side of the building in relation to traffic, and many residents are part-time, which adds to privacy. Just outside the building is Ladybird Lake Hike and Bike Trail, including a place to launch your kayak or canoe into the lake, or you can rent a kayak within walking distance. As a resident on Rainey Street, you’ll have extraordinarily easy access to restaurants, trending bars, and amenities like Royal Blue Grocery. The unit’s two parking spots are well located, and the building provides easy access to IH-35. Add in vibrant downtown Austin living, and you’ve met your match!
  1. Listed by Brian Talley • TREC #0464280 • Regent Property Group, LLC
    P: (512)-554-9714 C: (512)-554-9714 btalley@regentpg.com

Property Details for 54 Rainey Street, Unit 614

Subdivision Name
Milago Condo Amd
Waterfront
Yes
Waterfront Description
River Front
Water Access Description
Public
View
City, Lake, Panoramic, River
View YN
Yes
Parcel Number
02030312850000
Elementary School
Mathews
LISTING UPDATED: 06/08/2026 07:46 PM

Property Details for 54 Rainey Street, Unit 614

StatusClosed
MLS #8335608
Days on Market6
Pet Policy-
Taxes$11,610 / year
HOA Fees$804 / month
Condo/Co-op Fees-
Property TypeCondo
MLS TypeResidential / Condominium
Year Built2005
CountyTravis County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of Regent Property Group, LLC, Brian Talley, TREC #0464280

Sold By Compass RE Texas, LLC, Kylie Lynch, TREC #0564277

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Building Information for 54 Rainey Street, Unit 614

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

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OriginPoint Mortgage or Rocket Mortgage1

$4,756 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,985

Property Taxes

$968

HOA Dues

$804

The Payment Calculator is for illustrative purposes only.

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Property Information for 54 Rainey Street, Unit 614

General Information
Parking
  • Garage Spaces: 2
  • Parking Total: 2
  • Parking Features: Garage, Guest
  • Garage: Yes
  • Covered Spaces: 2
Interior
  • Interior Features: Breakfast Bar, Ceiling Fan(s), Elevator, Granite Counters, High Ceilings, Kitchen Island, Main Level Master, No Interior Steps
  • Flooring: Carpet, Wood
Exterior
  • Exterior Features: Balcony, Private Entrance, See Remarks
  • New Construction: No
  • Construction Materials: Masonry
  • Foundation Details: Slab
  • Patio And Porch Features: None, Balcony
  • Water Body Name: Lady Bird Lake
  • Roof: Metal
  • Fencing: None
  • Direction Faces: West
  • Window Features: DoublePaneWindows
  • Accessibility Features: None
  • Community Features: Barbecue, Bar Lounge, Concierge, Common Grounds/Area, Clubhouse, Courtyard, Fitness Center, Pool, Trails Paths
Property Information
Lot Information
  • FEMA Flood Plain: See Remarks
  • Lot Features: Landscaped
  • Horse: No
  • Horse Amenities: None
Utilities
  • Cooling YN: Yes
  • Cooling: Central Air
  • Heating YN: Yes
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Water Connected
Green Features
  • Green Energy Efficient: Windows
Room Information
Room 1
  • Room Type: Bathroom
  • Room Level: Main
  • Room Features: EnSuiteBathroom, GraniteCounters
Room 2
  • Room Type: Bedroom
  • Room Level: Main
  • Room Features: CeilingFans
Room 3
  • Room Type: PrimaryBathroom
  • Room Level: Main
  • Room Features: DoubleVanity, EnSuiteBathroom, GraniteCounters, GardenTubRomanTub, SeparateShower
Room 4
  • Room Type: PrimaryBedroom
  • Room Level: Main
  • Room Features: CeilingFans, WalkInClosets
Room 5
  • Room Type: LivingRoom
  • Room Level: Main
  • Room Features: CeilingFans
Room 6
  • Room Type: Kitchen
  • Room Level: Main
  • Room Features: BreakfastBar, GraniteCounters, KitchenIsland, KitchenFamilyRoomCombo, TrackLighting
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 HOA
  • Association Fee Includes: CommonAreaMaintenance, Insurance
  • Association Amenities: Concierge
  • Tax Assessed Value: $641,741
  • Additional Parcels: No
  • Tax Year: 2024
  • Tax Rate: 1.81%
Showing Information
Showing Information
  • Security Features: Prewired, Fire Alarm, Smoke Detector(s), Controlled Access
  • Directions: From Congress Ave downtown, East on Cesar Chavez, South on Red River (right), East on Davis St (left), South on Rainey St (right). Last building on R immediately adjacent to Lady Bird Lake Hike-and-Bike Trail. There are 2 parking garage entrances. There is visitor parking in the entrance immediately to the right of the lobby entrance to the Milago. Ask concierge if you need a parking pass but that is not always necessary if you are only visiting for a short time. If there are no parking spaces, visitors have to find street parking. Enter lobby & ask concierge for the lockbox where you will find the key and elevator fob. When you put them back in the lockbox when leaving put the larger fob in the lockbox carriage first and the key and other fob on top of that so it doesn’t get stuck making it hard for the next person to open the lockbox.

Property History for 54 Rainey Street, Unit 614

DateEvent & SourcePriceAppreciationLink
Aug 16, 2024

Sold

ACTRIS #8335608

—
Jul 22, 2024

Pending

ACTRIS #8335608

—
Jul 17, 2024

Listed (Active)

ACTRIS #8335608

$599,000—
DateEvent & SourcePrice
08/16/2024

Sold

ACTRIS #8335608

—
07/22/2024

Pending

ACTRIS #8335608

—
07/17/2024

Listed (Active)

ACTRIS #8335608

$599,000

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

Public Records for 54 Rainey Street, Unit 614

Taxable ValueLand$219,150Additions$405,367Total$624,517
Home Facts
Beds2Total Finished SqFt1,164 SqFtAbove Grade Finished SqFt1,164 SqFtStories1Lot Size292 SqFtStyleCondominiumYear Built2005CountyTRAVISAPN02030312850000

Schools near 54 Rainey Street, Unit 614

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 Regent Property Group, LLC, Brian Talley, TREC #0464280

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.