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ActiveMLS #2020610

54 Rainey ST # 609, Austin TX 78701

Austin, TX 78701 · Milago Condo Amd

Condominium for sale in Milago Condo Amd

2Bedrooms
2Bathrooms
1,164Square Ft
0.01Acres
2Garage
2005Year Built
Price Reduced
1 / 39
$465,000$530,000

Overview

Property Description

Experience elevated downtown living at Milago, one of Austin's premier waterfront high-rises in the heart of the vibrant Rainey Street District. This beautifully updated 2-bedroom, 2-bath residence offers an open-concept floor plan with rich wood flooring, abundant natural light, and contemporary finishes throughout. The renovated kitchen features white shaker cabinetry, granite countertops, stainless steel appliances, a stylish herringbone tile backsplash, and a spacious breakfast bar that seamlessly connects to the living and dining areas, perfect for entertaining. The generous living space opens to large windows that fill the home with natural light while creating a bright and inviting atmosphere. The primary suite offers a private retreat with an en-suite bath and ample closet space, while the secondary bedroom provides flexibility for guests, a home office, or additional living needs. Refrigerator, washer, and dryer convey. Milago residents enjoy exceptional amenities, including 24-hour concierge service, a rooftop pool and spa, fitness center, clubroom, and direct access to the Hike-and-Bike Trail and Lady Bird Lake. Building enhancements are currently underway, including updated hallways, a fully renovated clubroom, and new elevators, further enhancing the property's value and appeal.Enjoy walkable access to Austin's best dining, entertainment, nightlife, and outdoor recreation, all just steps from your front door. This is downtown Austin living at its finest.

Financial Info
Price
$465,000
$ / Sqft
$399
HOA
Yes - Mandatory / $964.98 / Monthly
HOA Name
Milago HOA
HOA Includes
Common Area Maintenance, Insurance, Maintenance Grounds, Maintenance Structure, Security
Tax Rate
2.0465%
Est. Taxes
$7,343
Tax Year
2026
Exemptions
Homestead
Legal Info
Address
54 Rainey ST # 609
County
Travis
City
Austin
State
TX
Zip
78701
Subdivision
Milago Condo Amd
Legal Description
UNT 609 MILAGO CONDOMINIUMS AMENDED PLUS .442 % INT IN COM AREA
Parcel
02030312800000
Interior Features
Floor
Tile, Wood
Num Living
1
Dining
1
Kitchen
Breakfast Bar, Granite Counters, Eat-in Kitchen, Kitchen Island
Appliances
Dishwasher, Disposal, Dryer, Electric Range, Microwave, Range, Refrigerator, Washer
Laundry
Laundry Closet
Master Bed
Double Vanity, Walk-In Closet(s)
Master Main
Yes
Interior Features
Breakfast Bar, Ceiling Fan(s), High Ceilings, Granite Counters, Double Vanity, Electric Dryer Hookup, Eat-in Kitchen, Kitchen Island, Open Floorplan, Smart Thermostat, Walk-In Closet(s), Washer Hookup, Fire Alarm, Fire Sprinkler System, Secured Garage/Parking, Window Coverings
General Info
Beds
2 Total / 2 Main Level
Full / Half Baths
2 / 0
Prop Type
Residential
Property Type
Condominium
Stories
1
Year Built
2005 / Resale
Square Feet
1,164 / Public Records
Garages
2
Garage Desc
Assigned, Electric Gate, Gated, Guest, Reserved
Foundation
Slab
Roof
Membrane
Construction
Brick, Concrete, Stucco
Acres
0.01
Lot Description
None
Restrictions
Deed Restrictions
Flood Plain
No
View
None
Water Access
No
Waterfront
No
Area
DT
Utility Info
Water
Private
Sewer
Private Sewer
Utilities
Electricity Connected, Internet-Fiber, Sewer Connected, Water Connected
Heat
Central
A C
Central Air
Exterior Features
Fence
None
Exterior Features
Balcony, None
Pool On Property
No
Area Amenities
BBQ Pit/Grill, Bike Storage/Locker, Business Center, Clubhouse, Cluster Mailbox, Common Grounds, Concierge, Conference/Meeting Room, Covered Parking, Fitness Center, High Speed Internet, Lock and Leave, Package Service, Pool, Recycling Area/Center, Spa/Hot Tub

Price history

Members only
Days on market
−$65,000 (−12.3%)
$530,000 → $465,000
4
Price reductions
Active
Since Jun 12, 2026
Price trend
List priceJun 2026 → Sep 2026
Property history5 events
DateEventPriceChange
Sep 14, 2026Price Decrease$465,000−$15,000 (−3.1%)
Aug 28, 2026Price Decrease$480,000−$19,888 (−4%)
Aug 11, 2026Price Decrease$499,888−$15,112 (−2.9%)
Aug 4, 2026Price Decrease$515,000−$15,000 (−2.8%)
Jun 12, 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 $465,000
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

$3,351 / mo

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

Estimated monthly payment $3,351

Principal & interest
$2,351
Property taxes
$612
Homeowners insurance
$388

*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$372,000$4,158$24,058$367,842
2$367,842$4,436$23,779$363,406
3$363,406$4,734$23,482$358,672
4$358,672$5,051$23,165$353,622
5$353,622$5,389$22,827$348,233
6$348,233$5,750$22,466$342,483
7$342,483$6,135$22,081$336,348
8$336,348$6,546$21,670$329,803
9$329,803$6,984$21,232$322,819
10$322,819$7,452$20,764$315,367
  • Year 1$367,842
    Principal paid
    $4,158
    Interest paid
    $24,058
    Starting balance
    $372,000
  • Year 2$363,406
    Principal paid
    $4,436
    Interest paid
    $23,779
    Starting balance
    $367,842
  • Year 3$358,672
    Principal paid
    $4,734
    Interest paid
    $23,482
    Starting balance
    $363,406
  • Year 4$353,622
    Principal paid
    $5,051
    Interest paid
    $23,165
    Starting balance
    $358,672
  • Year 5$348,233
    Principal paid
    $5,389
    Interest paid
    $22,827
    Starting balance
    $353,622
  • Year 6$342,483
    Principal paid
    $5,750
    Interest paid
    $22,466
    Starting balance
    $348,233
  • Year 7$336,348
    Principal paid
    $6,135
    Interest paid
    $22,081
    Starting balance
    $342,483
  • Year 8$329,803
    Principal paid
    $6,546
    Interest paid
    $21,670
    Starting balance
    $336,348
  • Year 9$322,819
    Principal paid
    $6,984
    Interest paid
    $21,232
    Starting balance
    $329,803
  • Year 10$315,367
    Principal paid
    $7,452
    Interest paid
    $20,764
    Starting balance
    $322,819
First 10 of 30 years

Nearby

Courtesy of Womack Real Estate LLC · (512) 626-0621

Listings courtesy of ACTRIS as distributed by MLS GRID.