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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
Price Reduced
1 / 25
$339,000$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
$339,000
$ / Sqft
$448
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

Days on market
−$20,000 (−5.6%)
$359,000 → $339,000
1
Price reduction
Active
Since Aug 15, 2026
Price trend
List priceJun 2026 → Oct 2026
Property history4 events
DateEventPriceChange
Oct 30, 2026Price Decrease$339,000−$20,000 (−5.6%)
Aug 15, 2026Back On Market
Aug 14, 2026Hold
Jul 9, 2026New Listing

Taxes

2026 Estimated Property Taxes

TCAD account 719560

Uses rates from the supplied 2026 TCAD package. The file does not identify adopted or proposed status.

2026 taxing entities, rates per $100, taxable values and estimated taxes
Taxing EntityRate per $100Taxable ValueEstimated Tax
AUSTIN COMM COLL DIST0.103400$281,445$291.01
AUSTIN ISD0.925200$146,445$1,354.91
CITY OF AUSTIN0.524017$229,156$1,200.82
TRAVIS COUNTY0.375845$229,156$861.27
TRAVIS COUNTY HEALTHCARE DISTRICT0.118023$229,156$270.46
Ordinary property tax estimate2.046485$3,978.47

Informational estimate, not a tax bill or taxes paid. Exemptions and tax ceilings can make taxes differ from the combined rate multiplied by one taxable value. PID assessments and other special charges are excluded; collector coverage has not been established.

Source: Travis County

General Information
Owner
TAJIMA AKIHITO
Legal
UNT 415 MILAGO CONDOMINIUMS AMENDED PLUS .287 % INT IN COM AREA
Geo ID
prop:719560
Acreage
0.00
Exemptions
Exemption Type
Homestead
Tax Summary
MLS estimated annual taxes
$7,666
MLS tax year
2026
Historical Tax Summary

Annual taxes billed are the Tax Imposed amounts reported in the latest available Travis Tax Office statement. Exemptions and tax ceilings may prevent combined rate × taxable value from equaling the billed amount. Other collectors or assessments may not be included.

YearAppraised ValueCombined Rate per $100Annual Taxes Billed
2025$374,6112.046485$5,603.29
2024—1.981814$6,222.33
2023—1.809247$7,485.45
2022—1.974923$8,277.78
2021—2.176679$7,012.76
2020—2.226665$6,264.38

Source: Travis County

Combined rates exclude PID placeholder rates. Historical amounts reflect the statement’s snapshot and may change after later corrections; they do not describe payment status. Appraisal values come from the legacy CAD source.

Source: Travis County

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 $339,000
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

$2,636 / mo

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

Estimated monthly payment $2,636

Principal & interest
$1,714
Property taxes
$639
Homeowners insurance
$283

*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$271,200$3,031$17,539$268,169
2$268,169$3,234$17,336$264,934
3$264,934$3,451$17,119$261,484
4$261,484$3,682$16,888$257,802
5$257,802$3,929$16,641$253,873
6$253,873$4,192$16,378$249,681
7$249,681$4,472$16,098$245,209
8$245,209$4,772$15,798$240,437
9$240,437$5,092$15,478$235,345
10$235,345$5,433$15,137$229,913
  • Year 1$268,169
    Principal paid
    $3,031
    Interest paid
    $17,539
    Starting balance
    $271,200
  • Year 2$264,934
    Principal paid
    $3,234
    Interest paid
    $17,336
    Starting balance
    $268,169
  • Year 3$261,484
    Principal paid
    $3,451
    Interest paid
    $17,119
    Starting balance
    $264,934
  • Year 4$257,802
    Principal paid
    $3,682
    Interest paid
    $16,888
    Starting balance
    $261,484
  • Year 5$253,873
    Principal paid
    $3,929
    Interest paid
    $16,641
    Starting balance
    $257,802
  • Year 6$249,681
    Principal paid
    $4,192
    Interest paid
    $16,378
    Starting balance
    $253,873
  • Year 7$245,209
    Principal paid
    $4,472
    Interest paid
    $16,098
    Starting balance
    $249,681
  • Year 8$240,437
    Principal paid
    $4,772
    Interest paid
    $15,798
    Starting balance
    $245,209
  • Year 9$235,345
    Principal paid
    $5,092
    Interest paid
    $15,478
    Starting balance
    $240,437
  • Year 10$229,913
    Principal paid
    $5,433
    Interest paid
    $15,137
    Starting balance
    $235,345
First 10 of 30 years

Nearby

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

Listings courtesy of ACTRIS as distributed by MLS GRID.