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ActiveMLS #3929245

54 Rainey ST # 608, Austin TX 78701

Austin, TX 78701 · Milago Condo Amd

Condominium for sale in Milago Condo Amd

1Bedrooms
1Bathrooms
893Square Ft
0.01Acres
1Garage
2005Year Built
1 / 24
$519,000

Overview

Property Description

Don't miss this rare opportunity to have the most beautiful and peaceful view of the downtown Austin skyline. This one bedroom condo also has a study with built-ins that can double as a guest room or a child's bedroom. Watch the fireworks from your balcony and see the infamous bats fly out from the congress bridge at dusk. The Trail and Lady Bird Lake are right out the back door. There is no other condo building so conveniently located for your outdoor activities - walking, running, biking, paddle boarding, kayaking and more. On Rainey St you will find a grocery store, med-spa, salon, fabulous restaurants and popular bars.

Financial Info
Price
$519,000
$ / Sqft
$581
HOA
Yes - Mandatory / $741 / Monthly
HOA Name
Milago HOA
HOA Includes
Common Area Maintenance, Insurance, Landscaping, Maintenance Structure, See Remarks
Tax Rate
2.0465%
Est. Taxes
$6,900
Tax Year
2026
Exemptions
Homestead
Legal Info
Address
54 Rainey ST # 608
County
Travis
City
Austin
State
TX
Zip
78701
Subdivision
Milago Condo Amd
Legal Description
UNT 608 MILAGO CONDOMINIUMS AMENDED PLUS .339 % INT IN COM AREA
Parcel
02030312790000
Interior Features
Floor
No Carpet, Tile, Wood
Num Living
2
Dining
1
Kitchen
Breakfast Bar
Appliances
Dishwasher, Disposal, Microwave, Free-Standing Range, Electric Water Heater
Laundry
In Bathroom, Laundry Closet
Master Bed
Primary Bedroom on Main
Master Main
Yes
Fireplace Description
None
Interior Features
Breakfast Bar, Elevator, Entrance Foyer, High Ceilings, Primary Bedroom on Main, No Interior Steps, Bookcases, Multiple Living Areas, Study/Home Office, Security Lights, Security System Owned, Smoke Detector(s), Drapes, Screens, Solar Screens
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
893 / Public Records
Garages
1
Garage Desc
Garage, Reserved
Foundation
Pillar/Post/Pier
Roof
Flat Tile
Construction
Masonry – All Sides
Acres
0.01
Lot Description
Back to Park/Greenbelt, Trees-Large (Over 40 Ft), Many Trees
Restrictions
Covenant
Flood Plain
See Remarks
View
Lake, Panoramic, Park/Greenbelt, River
Water Access
Yes
Waterfront
Yes
Area
DT
Utility Info
Water
Public
Sewer
Public Sewer
Utilities
Electricity Available
Heat
Central, Electric
A C
Ceiling Fan(s), Central Air, Electric
Exterior Features
Fence
None
Exterior Features
Boat Ramp, No Exterior Steps, Covered, Patio
Pool On Property
Yes
Area Amenities
Cluster Mailbox, Common Grounds, Lake, Park, Pool, Sidewalks

Price history

Days on market
$519,000
List price
0
Price reductions
Active
Since Oct 24, 2026
Property history1 event
DateEventPriceChange
Oct 24, 2026New Listing

Taxes

2026 Estimated Property Taxes

TCAD account 719601

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 DISTTax ceiling applied0.103400$462,479$269.34
AUSTIN ISDTax ceiling applied0.925200$317,908$639.14
CITY OF AUSTIN0.524017$230,326$1,206.95
TRAVIS COUNTY0.375845$289,057$1,086.41
TRAVIS COUNTY HEALTHCARE DISTRICT0.118023$237,326$280.10
Ordinary property tax estimate2.046485$3,481.94

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

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—2.046485$3,182.81
2024—1.981814$4,641.77
2023—1.809247$4,452.55
2022—1.974923$5,426.79
2021—2.176679$5,476.42
2020—2.226665$5,567.11

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.

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 $519,000
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

$3,632 / mo

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

Estimated monthly payment $3,632

Principal & interest
$2,624
Property taxes
$575
Homeowners insurance
$433

*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$415,200$4,641$26,851$410,559
2$410,559$4,952$26,541$405,608
3$405,608$5,283$26,209$400,324
4$400,324$5,637$25,855$394,687
5$394,687$6,015$25,478$388,673
6$388,673$6,417$25,075$382,255
7$382,255$6,847$24,645$375,408
8$375,408$7,306$24,186$368,103
9$368,103$7,795$23,697$360,308
10$360,308$8,317$23,175$351,990
  • Year 1$410,559
    Principal paid
    $4,641
    Interest paid
    $26,851
    Starting balance
    $415,200
  • Year 2$405,608
    Principal paid
    $4,952
    Interest paid
    $26,541
    Starting balance
    $410,559
  • Year 3$400,324
    Principal paid
    $5,283
    Interest paid
    $26,209
    Starting balance
    $405,608
  • Year 4$394,687
    Principal paid
    $5,637
    Interest paid
    $25,855
    Starting balance
    $400,324
  • Year 5$388,673
    Principal paid
    $6,015
    Interest paid
    $25,478
    Starting balance
    $394,687
  • Year 6$382,255
    Principal paid
    $6,417
    Interest paid
    $25,075
    Starting balance
    $388,673
  • Year 7$375,408
    Principal paid
    $6,847
    Interest paid
    $24,645
    Starting balance
    $382,255
  • Year 8$368,103
    Principal paid
    $7,306
    Interest paid
    $24,186
    Starting balance
    $375,408
  • Year 9$360,308
    Principal paid
    $7,795
    Interest paid
    $23,697
    Starting balance
    $368,103
  • Year 10$351,990
    Principal paid
    $8,317
    Interest paid
    $23,175
    Starting balance
    $360,308
First 10 of 30 years

Nearby

Courtesy of Brauman Realty, Inc · (303) 520-2955

Listings courtesy of ACTRIS as distributed by MLS GRID.