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ActiveMLS #1844029

54 Rainey ST # 415, Austin TX 78701

Austin, TX 78701 · Milago Condo Amd

Condominium for sale in Milago Condo Amd

1Bedrooms
1Bathrooms
756Square Ft
0.00Acres
1Garage
2005Year Built
Back on Market
1 / 25
$359,000

Overview

Property Description

Experience elevated downtown living at 54 Rainey St. #415, a beautifully renovated 1-bedroom, 1-bathroom condo. This 756-square-foot home has been thoughtfully upgraded to offer both style and comfort. The sleek kitchen features updated appliances, designer cabinetry, and stylish lighting, creating a modern space ideal for cooking and entertaining. The spa-inspired bathroom boasts a walk-in shower, enhanced by elegant tile work and contemporary fixtures, providing the perfect retreat after a day of urban exploration. Step onto your private balcony to enjoy serene views, or head to the rooftop pool to take in stunning panoramas of downtown Austin and Lady Bird Lake. The building’s exceptional amenities include a fully equipped gym, 24-hour concierge service, and impeccably maintained common areas—all complemented by some of the most affordable HOA fees in the downtown area. Situated in the heart of the vibrant Rainey Street district, this condo is steps away from Lady Bird Trail, offering easy access to biking, running, and waterfront activities. Rainey Street’s eclectic mix of restaurants, bars, and coffee shops ensures that dining and nightlife options are always close at hand. The property’s prime location provides seamless access to I-35, East Austin, South Congress, and beyond, making it a perfect choice for those seeking the ultimate urban lifestyle. Whether you're catching fireworks from the rooftop, grabbing a morning coffee, or enjoying a peaceful stroll along the trail, this home is the ideal blend of modern sophistication and Austin charm. All values are approximate and to be verified.

Financial Info
Price
$359,000
$ / Sqft
$475
HOA
Yes - Mandatory / $584 / Monthly
HOA Name
FirstService Residential
HOA Includes
Common Area Maintenance, Maintenance Grounds
Tax Rate
2.0465%
Est. Taxes
$7,666
Tax Year
2026
Exemptions
Homestead
Legal Info
Address
54 Rainey ST # 415
County
Travis
City
Austin
State
TX
Zip
78701
Subdivision
Milago Condo Amd
Legal Description
UNT 415 MILAGO CONDOMINIUMS AMENDED PLUS .287 % INT IN COM AREA
Parcel
02030312400000
Interior Features
Floor
Wood
Num Living
1
Dining
1
Appliances
Built-In Refrigerator, Dishwasher, Exhaust Fan, Microwave, Electric Oven, Washer, Electric Water Heater
Laundry
Laundry Closet
Master Bed
Primary Bedroom on Main
Master Main
Yes
Interior Features
Ceiling Fan(s), Quartz Counters, Primary Bedroom on Main, Building Security, None
General Info
Beds
1 Total / 1 Main Level
Full / Half Baths
1 / 0
Prop Type
Residential
Property Type
Condominium
Stories
1
Year Built
2005 / Resale
Square Feet
756 / Public Records
Garages
1
Garage Desc
Covered, Guest, Off Street
Foundation
Slab
Roof
Concrete
Construction
Concrete
Acres
0.00
Lot Description
See Remarks
Restrictions
Deed Restrictions
Flood Plain
No
View
City
Water Access
No
Waterfront
No
Area
DT
Utility Info
Water
None
Sewer
Public Sewer
Utilities
Electricity Connected, Water Connected
Heat
Central, Electric
A C
Central Air, Electric
Exterior Features
Fence
None
Exterior Features
Balcony, Terrace
Pool On Property
Yes
Area Amenities
BBQ Pit/Grill, Business Center, Clubhouse, Common Grounds, Concierge, Conference/Meeting Room, Controlled Access, Covered Parking, Dog Park, Electronic Payments, Fitness Center, Garage Parking, Lake, Lounge, Nest Thermostat, Package Service, Park, Pool, Property Manager On-Site, Sundeck, Tenant Access Cargo Elevator

Rooms

Rooms3 rooms

Main level

  • Primary Bathroom

    None

  • Primary Bedroom

    Ceiling Fan(s)

  • Kitchen

    Open to Family Room

Price history

Members only
Days on market
$359,000
List price
0
Price reductions
Active
Since Jun 1, 2026
Property history3 events
DateEventPriceChange
Aug 15, 2026Back On Market
Aug 14, 2026Hold
Jul 9, 2026New Listing

Taxes

Tax data isn’t available for this property’s county yet.

Schools

School Info
District
Austin ISD
Elementary
Mathews
Middle
O Henry
High
Austin

Maps

Financing

Your preferences

  • 20% down
  • Conv/Jumbo
  • 30 years
  • 6.50% rate

Saved on this device

List price $359,000
Down payment
Stays 20% if you change the price
Note rate, not APR
From this listing’s tax record
*Estimated only (1% of price / yr)

Estimated monthly payment

$2,753 / mo

20% down · 6.50% interest · 30-year fixed

Estimated monthly payment $2,753

Principal & interest
$1,815
Property taxes
$639
Homeowners insurance
$299

*PITI only

These figures are estimates for general information only — not a loan offer, a quote, or a guarantee of financing terms.

Principal, interest and balance for each year
YearStarting balancePrincipal paidInterest paidEnding balancePrincipal vs interest
1$287,200$3,210$18,573$283,990
2$283,990$3,425$18,358$280,565
3$280,565$3,654$18,129$276,910
4$276,910$3,899$17,884$273,011
5$273,011$4,160$17,623$268,851
6$268,851$4,439$17,345$264,412
7$264,412$4,736$17,047$259,675
8$259,675$5,053$16,730$254,622
9$254,622$5,392$16,392$249,230
10$249,230$5,753$16,031$243,477
  • Year 1$283,990
    Principal paid
    $3,210
    Interest paid
    $18,573
    Starting balance
    $287,200
  • Year 2$280,565
    Principal paid
    $3,425
    Interest paid
    $18,358
    Starting balance
    $283,990
  • Year 3$276,910
    Principal paid
    $3,654
    Interest paid
    $18,129
    Starting balance
    $280,565
  • Year 4$273,011
    Principal paid
    $3,899
    Interest paid
    $17,884
    Starting balance
    $276,910
  • Year 5$268,851
    Principal paid
    $4,160
    Interest paid
    $17,623
    Starting balance
    $273,011
  • Year 6$264,412
    Principal paid
    $4,439
    Interest paid
    $17,345
    Starting balance
    $268,851
  • Year 7$259,675
    Principal paid
    $4,736
    Interest paid
    $17,047
    Starting balance
    $264,412
  • Year 8$254,622
    Principal paid
    $5,053
    Interest paid
    $16,730
    Starting balance
    $259,675
  • Year 9$249,230
    Principal paid
    $5,392
    Interest paid
    $16,392
    Starting balance
    $254,622
  • Year 10$243,477
    Principal paid
    $5,753
    Interest paid
    $16,031
    Starting balance
    $249,230
First 10 of 30 years

Nearby

Courtesy of Keller Williams Realty · (512) 448-4111

Listings courtesy of ACTRIS as distributed by MLS GRID.