54 Rainey Street, Unit 1218

Austin, TX 78701

$1,099,999
Price
3
Beds
2
Baths
1
1/2 Bath
1,956 Sq. Ft.
$562 / Sq. Ft.
1,956
Sq. Ft.
$562
per Sq. Ft.

Description

READ ALL OF THESE REMARKS: You will not find a downtown Austin condo with a better combination of amenities, turn-key-updates, modern styling, unadulterated views, convenience, size, space, all in an exciting and peaceful location. I am also sure that you won't find a 3 bedroom condo at a better value! This recently remodeled CORNER UNIT in The Milago Condominiums is a very rare 3 bedroom orientation, with a whopping 1956 square feet! The Milago is one of the best kept secrets in Austin condominium...READ ALL OF THESE REMARKS: You will not find a downtown Austin condo with a better combination of amenities, turn-key-updates, modern styling, unadulterated views, convenience, size, space, all in an exciting and peaceful location. I am also sure that you won't find a 3 bedroom condo at a better value! This recently remodeled CORNER UNIT in The Milago Condominiums is a very rare 3 bedroom orientation, with a whopping 1956 square feet! The Milago is one of the best kept secrets in Austin condominium living. Bordering the Waller Beach Metropark, The Milago is the only high rise with direct, unobstructed access to the Hike & Bike trail. You don't even cross a street...you just simply walk out the back door of the building and BOOM...you're there...standing along the edge of Lady Bird Lake. The Milago has all the amenities you'd come to expect from living in a downtown high rise: Rooftop pool, business center, top shelf gym, security, relaxing common areas, etc. It also sits at the South (quiet!) end of Rainey Street Historic/Entertainment District, which allows you to enjoy a wide range of entertainment and dining options. The unit is in pristine shape, provides a modern "open concept floorplan", and is move in ready, with a recently remodeled kitchen and master bath, along with other updates throughout. Truly a "turn key" option, this property offers TWO primary suites (with ensuite full baths), and a 3rd bedroom directly off the main living area that can be utilized as a bedroom, office, yoga studio, media room, art studio. etc. You're only limited by your imagination. The TWO outdoor patios (one off of the main living area, another off the 1st Primary Suite) offer unobstructed views of the entire Austin skyline and Lady Bird Lake. Two parking spaces that literally straddle the elevator access in the garage, are also included. Since this unit 10 steps from the elevator, you can get from your 12th floor condo to your vehicle in less than 20 steps. Come see it ASAP!
  1. Listed by Robert Gordon • TREC #0681160 • Bramlett Residential • (512) 850-5717

Property Details for 54 Rainey Street, Unit 1218

Subdivision Name
Milago Condo Amd
Waterfront
Yes
Waterfront Description
Lake Front
Water Access Description
Lake Front
View
City, Lake, River
View YN
Yes
Parcel Number
02030314230000
Elementary School
Mathews

Location

Listing Courtesy of Bramlett Residential, Robert Gordon, TREC #0681160
Add your commute
LISTING UPDATED: 03/29/2024 11:06 AM

Property Details for 54 Rainey Street, Unit 1218

StatusActive
MLS #4111361
Days on Market35
Taxes$22,240 / year
HOA Fees$1,134 / month
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeResidential / Condominium
Year Built2005
CountyTravis County

Location

Listing Courtesy of Bramlett Residential, Robert Gordon, TREC #0681160
Add your commute

Building Information for 54 Rainey Street, Unit 1218

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

Payment Calculator

$8,990 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,003

Property Taxes

$1,853

HOA Dues

$1,134

The Payment Calculator is for illustrative purposes only.

Property Information for 54 Rainey Street, Unit 1218

General Information
Parking
  • Garage Spaces: 2
  • Parking Total: 2
  • Parking Features: Assigned, Attached, Common, Garage, Garage Door Opener, Gated, Lighted, Secured, Covered, Guest
  • Garage: Yes
  • Covered Spaces: 2
Interior
  • Interior Features: Breakfast Bar, Built-in Features, Ceiling Fan(s), Chandelier, Elevator, Granite Counters, Multiple Living Areas, Main Level Master, Multiple Primary Suites, Multiple Closets, Open Floorplan, Pantry, Quartz Counters, Recessed Lighting, Storage, Solid Surface Counters, Soaking Tub, Track Lighting, Walk-In Closet(s)
  • Flooring: Tile, Wood
Exterior
  • Exterior Features: Balcony, Dog Run
  • New Construction: No
  • Construction Materials: Glass, Concrete
  • Foundation Details: Slab
  • Patio And Porch Features: Covered, Patio, Side Porch, Balcony
  • Water Body Name: Lady Bird Lake
  • Roof: Concrete
  • Fencing: None
  • Direction Faces: South
  • Window Features: Blinds, Insulated Windows, Screens, Window Treatments
  • Accessibility Features: Accessibility Features, Enhanced Accessible, Accessible Elevator Installed
  • Community Features: Business Center, Bicycle Storage, Concierge, Common Grounds/Area, Community Mailbox, Fitness Center, Gated, Storage Facilities, Sidewalks, Trails/Paths, Curbs
Property Information
Lot Information
  • Lot Features: Backs to Greenbelt/Park, Near Public Transit
  • Horse: No
  • Horse Amenities: None
Location Information
  • Building Features: Freight Elevator
Utilities
  • Cooling YN: Yes
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Heating YN: Yes
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Fiber Optic Available, Phone Connected, Sewer Connected, Water Connected
  • Water Source: Public
Green Features
  • Green Energy Efficient: Appliances
Room Information
Room 1
  • Room Type: Foyer
  • Room Level: Main
  • Room Description: Entryway area.
Room 2
  • Room Type: Kitchen
  • Room Level: Main
  • Room Features: Breakfast Bar, Granite Counters, Kitchen/Family Room Combo, Pantry, Recessed Lighting, Storage, Solid Surface Counters, Track Lighting
  • Room Description: Beautiful and recently remodeled kitchen, open to dining and living area.
Room 3
  • Room Type: Dining Room
  • Room Level: Main
  • Room Features: Breakfast Bar, Chandelier, Dining Area, Granite Counters, Recessed Lighting, Solid Surface Counters
  • Room Description: Main dining area, open concept.
Room 4
  • Room Type: Living Room
  • Room Level: Main
  • Room Features: Chandelier, Recessed Lighting, Smart Thermostat, Track Lighting
  • Room Description: Main living area has one of two patios, this one looking to the North and Northwest.
Room 5
  • Room Type: Bathroom
  • Room Level: Main
  • Room Features: Jack and Jill Bath, Bath in Primary Bedroom
  • Room Description: Shared half bath off of the main living area
Room 6
  • Room Type: Laundry
  • Room Level: Main
  • Room Description: Large Laundry closet
Room 7
  • Room Type: Bedroom
  • Room Level: Main
  • Room Features: Ceiling Fan(s), Recessed Lighting, See Remarks, Track Lighting
  • Room Description: No closet, but this room is so large, it didn't feel right to call this an office.
Room 8
  • Room Type: Primary Bathroom
  • Room Level: Main
  • Room Features: Granite Counters, Garden Tub/Roman Tub, Jetted Tub, Bath in Primary Bedroom, Stone Counters, Recessed Lighting, Storage
  • Room Description: second primary bath
Room 9
  • Room Type: Primary Bedroom
  • Room Level: Main
  • Room Features: Ceiling Fan(s), Recessed Lighting, Storage, Walk-In Closet(s)
  • Room Description: second primary bedroom
Room 10
  • Room Type: Primary Bathroom
  • Room Level: Main
  • Room Features: Double Vanity, Granite Counters, Bath in Primary Bedroom, Recessed Lighting, Storage, Solid Surface Counters, Soaking Tub, Separate Shower, Walk-In Shower
  • Room Description: Freshly remodeled
Room 11
  • Room Type: Primary Bedroom
  • Room Level: Main
  • Room Features: Ceiling Fan(s), Double Vanity, Granite Counters, Bath in Primary Bedroom, Recessed Lighting, Storage, Solid Surface Counters, Soaking Tub, Separate Shower, Track Lighting
  • Room Description: Primary bedroom also has it's own East facing balcony.
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
Unit 7
  • Permission: IDX
Unit 8
  • Permission: IDX
Unit 9
  • Permission: IDX
Unit 10
  • Permission: IDX
Unit 11
  • Permission: IDX
Financial Information
Taxes and HOA Information
  • Association: Yes
  • Association Name: Somerset Association
  • Association Fee Includes: Common Area Maintenance, Maintenance Grounds, Maintenance Structure, Parking, Security, Trash
  • Association Amenities: Concierge
  • Tax Assessed Value: $1,126,148
  • Additional Parcels: No
  • Tax Year: 2022
  • Tax Rate: 1.97%
Showing Information
Showing Information
  • Security Features: Security System Owned, Security System, Building Security, Closed Circuit Camera(s), Fire Alarm, Fire Escape, Secured Garage/Parking, 24 Hour Security, Smoke Detector(s), Security Guard, Security Lights, Security Service
  • Directions: From Southbound Interstate 35 Frontage Rd: After Cesar Chavez, turn Right on River St. Turn Left on Rainey St. Property Located off Rainey on Right hand side: (54 Rainey St) "The Milago". GUEST PARKING IN GARAGE NEAR CONSIERGE (MUST REGISTER WITH CONSIERGE).

Property History for 54 Rainey Street, Unit 1218

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 54 Rainey Street, Unit 1218

Taxable ValueLand$367,890Additions$875,142Total$1,243,032
Tax Record2022$22,241 ($1,853 / month)
Home Facts
Beds2Total Finished SqFt1,956 SqFtAbove Grade Finished SqFt1,956 SqFtStories1Lot Size492 SqFtStyleCondominiumYear Built2005CountyTRAVISAPN0203031423

Schools near 54 Rainey Street, Unit 1218

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

Phoenix Academy
Public8 to 12

Austin High School
Public9 to 12

Metz Elementary School
PublicPK to 5

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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54 Rainey Street, Unit 1218 is a condo for sale in Austin, TX 78701. This property was listed for sale on March 29, 2024 by Bramlett Residential, it's currently listed at $1,099,999. It has been on the market for a total of 35 days and was last sold on September 27, 2013. This listing's school district is Austin Independent School District. Nearby schools include Mathews Elementary School, Phoenix Academy and Austin High School. 54 Rainey Street, Unit 1218 is a 3-bed, 2.5-bath, 1,956 sqft condo built in 2005.

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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. 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.

Listing Courtesy of Bramlett Residential, Robert Gordon, TREC #0681160

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© 2024 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”. © [2024] REsides, Inc. All rights reserved. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.