54 Rainey ST # 502, Austin TX 78701
Austin, TX 78701 · Milago Condo Amd
Condominium for sale in Milago Condo Amd
Overview
Property Description
Perched on the fifth floor of The Milago, this exceptional 3-bed, 2-bath home offers breathtaking west-facing views of the Downtown Austin skyline and Lady Bird Lake. Inside, an open-concept floor plan is filled with natural light streaming through expansive windows that perfectly frame the panoramic views. Rich wood flooring extends throughout the living areas and all three bedrooms, while modern finishes and clean architectural lines create a contemporary feel. The kitchen is thoughtfully designed with granite countertops, stainless steel appliances, ample cabinetry, and a breakfast bar for casual dining, while a dedicated dining area provides the perfect setting for larger gatherings and dinner parties. Just beyond the living room, a private balcony invites you to enjoy morning coffee or evening cocktails overlooking the Austin skyline and Lady Bird Lake. The spacious primary suite serves as a peaceful retreat, featuring a spa-inspired ensuite bath with a soaking tub, walk-in shower, and a custom walk-in closet. Two additional bedrooms offer flexibility for guests, a home office, or additional living space. Residents of Milago enjoy an exceptional collection of amenities, including 24-hour concierge service, secure garage parking, a rooftop pool deck with panoramic views, a fitness center, club room, private event terrace, and dedicated on-site storage. With direct access to the Lady Bird Lake Trail and countless restaurants, coffee shops, and entertainment options just beyond your door on Rainey Street, this residence offers the very best of Austin city living.
Financial Info
- Price
- $799,999
- $ / Sqft
- $514
- HOA
- Yes - Mandatory / $1,290.29 / Monthly
- HOA Name
- Milago Condominium Assocation
- HOA Includes
- Common Area Maintenance, Trash
- Tax Rate
- 2.0465%
- Est. Taxes
- $18,466
- Tax Year
- 2026
- Exemptions
- None
Legal Info
- Address
- 54 Rainey ST # 502
- County
- Travis
- City
- Austin
- State
- TX
- Zip
- 78701
- Subdivision
- Milago Condo Amd
- Legal Description
- UNT 502 MILAGO CONDOMINIUMS AMENDED PLUS .591 % INT IN COM AREA
- Parcel
- 02030312500000
Interior Features
- Floor
- Tile, Wood
- Num Living
- 1
- Dining
- 1
- Kitchen
- Breakfast Bar, Granite Counters
- Appliances
- Dishwasher, Electric Range, Microwave, Stainless Steel Appliance(s)
- Laundry
- Laundry Closet
- Master Bed
- Primary Bedroom on Main, Walk-In Closet(s)
- Master Main
- Yes
- Interior Features
- Breakfast Bar, Ceiling Fan(s), Granite Counters, Open Floorplan, Primary Bedroom on Main, Recessed Lighting, Soaking Tub, Walk-In Closet(s), Building Security, Window Treatments
General Info
- Beds
- 3 Total / 3 Main Level
- Full / Half Baths
- 2 / 0
- Prop Type
- Residential
- Property Type
- Condominium
- Stories
- 1
- Year Built
- 2005 / Resale
- Square Feet
- 1,557 / Public Records
- Garages
- 2
- Garage Desc
- Assigned, Garage, Secured
- Foundation
- Slab
- Roof
- Membrane
- Construction
- Masonry – Partial, Stucco
- Acres
- 0.01
- Lot Description
- None
- Restrictions
- Deed Restrictions
- Flood Plain
- No
- View
- City, Downtown, River, Skyline
- Water Access
- No
- Waterfront
- No
- Area
- DT
Utility Info
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Electricity Available, Sewer Available, Water Available
- Heat
- Central
- A C
- Central Air
Exterior Features
- Fence
- None
- Exterior Features
- Balcony, See Remarks
- Pool On Property
- No
- Area Amenities
- Bike Storage/Locker, Concierge, Conference/Meeting Room, Fitness Center, Lounge, Pool, Storage
Price history
| Date | Event | Price | Change |
|---|---|---|---|
| Nov 4, 2026 | Price Decrease | $799,999−$25,001 (−3%) | −$25,001 (−3%) |
| Sep 15, 2026 | Price Decrease | $825,000−$24,500 (−2.9%) | −$24,500 (−2.9%) |
| Aug 23, 2026 | New Listing | — |
Taxes
TCAD account 719570
Uses rates from the supplied 2026 TCAD package. The file does not identify adopted or proposed status.
| Taxing Entity | Rate per $100 | Taxable Value | Estimated Tax |
|---|---|---|---|
| AUSTIN COMM COLL DIST | 0.103400 | $733,384 | $758.32 |
| AUSTIN ISD | 0.925200 | $733,384 | $6,785.27 |
| CITY OF AUSTIN | 0.524017 | $733,384 | $3,843.06 |
| TRAVIS COUNTY | 0.375845 | $733,384 | $2,756.39 |
| TRAVIS COUNTY HEALTHCARE DISTRICT | 0.118023 | $733,384 | $865.56 |
| Ordinary property tax estimate | 2.046485 | $15,008.60 |
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
- Owner
- POSADA NICHOLAS EVAN FINE
- Legal
- UNT 502 MILAGO CONDOMINIUMS AMENDED PLUS .591 % INT IN COM AREA
- Geo ID
- prop:719570
- Acreage
- 0.01
- Exemption Type
- None on record
- MLS estimated annual taxes
- $18,466
- MLS tax year
- 2026
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.
| Year | Appraised Value | Combined Rate per $100 | Annual Taxes Billed |
|---|---|---|---|
| 2025 | $902,313 | 2.046485 | $18,465.70 |
| 2024 | — | 1.981814 | $18,769.18 |
| 2023 | — | 1.809247 | $15,269.40 |
| 2022 | — | 1.974923 | $15,696.05 |
| 2021 | — | 2.176679 | $15,794.94 |
| 2020 | — | 2.226665 | $16,049.24 |
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
Estimated monthly payment
$6,251 / mo
20% down · 6.50% interest · 30-year fixed
Estimated monthly payment $6,251
- Principal & interest
- $4,045
- Property taxes
- $1,539
- Homeowners insurance
- $667
*PITI only
These figures are estimates for general information only — not a loan offer, a quote, or a guarantee of financing terms.
| Year | Starting balance | Principal paid | Interest paid | Ending balance | Principal vs interest |
|---|---|---|---|---|---|
| 1 | $639,999 | $7,153 | $41,389 | $632,846 | |
| 2 | $632,846 | $7,633 | $40,910 | $625,213 | |
| 3 | $625,213 | $8,144 | $40,399 | $617,070 | |
| 4 | $617,070 | $8,689 | $39,854 | $608,381 | |
| 5 | $608,381 | $9,271 | $39,272 | $599,110 | |
| 6 | $599,110 | $9,892 | $38,651 | $589,218 | |
| 7 | $589,218 | $10,554 | $37,988 | $578,663 | |
| 8 | $578,663 | $11,261 | $37,282 | $567,402 | |
| 9 | $567,402 | $12,015 | $36,527 | $555,387 | |
| 10 | $555,387 | $12,820 | $35,723 | $542,567 |
- Year 1$632,846
- Principal paid
- $7,153
- Interest paid
- $41,389
- Starting balance
- $639,999
- Year 2$625,213
- Principal paid
- $7,633
- Interest paid
- $40,910
- Starting balance
- $632,846
- Year 3$617,070
- Principal paid
- $8,144
- Interest paid
- $40,399
- Starting balance
- $625,213
- Year 4$608,381
- Principal paid
- $8,689
- Interest paid
- $39,854
- Starting balance
- $617,070
- Year 5$599,110
- Principal paid
- $9,271
- Interest paid
- $39,272
- Starting balance
- $608,381
- Year 6$589,218
- Principal paid
- $9,892
- Interest paid
- $38,651
- Starting balance
- $599,110
- Year 7$578,663
- Principal paid
- $10,554
- Interest paid
- $37,988
- Starting balance
- $589,218
- Year 8$567,402
- Principal paid
- $11,261
- Interest paid
- $37,282
- Starting balance
- $578,663
- Year 9$555,387
- Principal paid
- $12,015
- Interest paid
- $36,527
- Starting balance
- $567,402
- Year 10$542,567
- Principal paid
- $12,820
- Interest paid
- $35,723
- Starting balance
- $555,387
Nearby
Courtesy of Compass RE Texas, LLC · (512) 575-3644
Listings courtesy of ACTRIS as distributed by MLS GRID.