54 Rainey ST, Austin TX 78701
Austin, TX 78701 · Milago Condo Amd
Condominium for sale in Milago Condo Amd
Overview
Property Description
A rare opportunity to live on the Penthouse Floor at Milago, where elevated downtown living meets the tranquility of Lady Bird Lake. Set on the building’s private top residential floor, this distinctive one-bedroom residence offers 10-foot ceilings, professionally designed walk-in closet, added security and an exceptional 165-square-foot double covered balcony with beautiful lake views—creating a seamless extension of the living space. The penthouse floor has just undergone a beautiful renovation of its common areas, adding a fresh, sophisticated arrival experience exclusive to this level. Throughout Milago, additional common spaces are also in the midst of an extensive renovation, bringing a new level of style and refinement to the building. Inside, fresh interior paint creates polished feel, while the kitchen features granite countertops, modern cabinetry and stainless steel appliances. Dining area offers generous space for entertaining, working from home or simply enjoying the luxury of extra room. Just above, escape to the rooftop pool and hot tub, where sweeping skyline views provide a spectacular backdrop for morning swims or evenings under the city lights. Residents also enjoy a private lounge, clubroom, conference space, fitness center and 24-hour concierge. Parking and Storage.
Financial Info
- Price
- $509,000
- $ / Sqft
- $638
- HOA
- Yes - Mandatory / $661 / Monthly
- HOA Name
- Milago
- HOA Includes
- Common Area Maintenance, Insurance, Parking, Trash
- Tax Rate
- 2.083%
- Est. Taxes
- $7,709.97
- Tax Year
- 2026
- Exemptions
- None
Legal Info
- Address
- 54 Rainey ST
- County
- Travis
- City
- Austin
- State
- TX
- Zip
- 78701
- Subdivision
- Milago Condo Amd
- Legal Description
- UNT PH20 MILAGO CONDOMINIUMS AMENDED PLUS .303 % INT IN COM AREA
- Parcel
- 02030314410000
Interior Features
- Floor
- Carpet, Slate, Wood
- Num Living
- 1
- Dining
- 1
- Kitchen
- Breakfast Bar, Granite Counters
- Appliances
- Built-In Oven(s), Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Free-Standing Range, Refrigerator, Washer/Dryer Stacked
- Laundry
- Laundry Closet
- Master Bed
- Primary Bedroom on Main
- Master Main
- Yes
- Fireplace Description
- None
- Interior Features
- Breakfast Bar, High Ceilings, Primary Bedroom on Main, Granite Counters, Key Card Entry, Secured Garage/Parking, Window Treatments
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
- 798 / Public Records
- Garages
- 1
- Garage Desc
- Reserved
- Foundation
- Slab
- Roof
- See Remarks
- Construction
- Masonry – All Sides
- Lot Description
- Back to Park/Greenbelt
- Restrictions
- Covenant
- Flood Plain
- No
- View
- Lake, Panoramic, River
- Water Access
- Yes
- Waterfront
- Yes
- Area
- DT
Utility Info
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Electricity Available, Other, Sewer Available, Water Available
- 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, Concierge, Fitness Center, Gated, Package Service, Pool, Property Manager On-Site, Spa/Hot Tub
Price history
| Date | Event | Price | Change |
|---|---|---|---|
| Sep 8, 2026 | New Listing | — |
Taxes
TCAD account 719771
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 | $376,742 | $389.55 |
| AUSTIN ISD | 0.925200 | $376,742 | $3,485.62 |
| CITY OF AUSTIN | 0.524017 | $376,742 | $1,974.19 |
| TRAVIS COUNTY | 0.375845 | $376,742 | $1,415.97 |
| TRAVIS COUNTY HEALTHCARE DISTRICT | 0.118023 | $376,742 | $444.64 |
| Ordinary property tax estimate | 2.046485 | $7,709.97 |
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
- LAFORCE BILLY JOE
- Legal
- UNT PH20 MILAGO CONDOMINIUMS AMENDED PLUS .303 % INT IN COM AREA
- Geo ID
- prop:719771
- Acreage
- 0.00
- Exemption Type
- None on record
- MLS estimated annual taxes
- $7,709.97
- 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 | $428,291 | 2.046485 | $8,764.91 |
| 2024 | — | 1.981814 | $9,783.00 |
| 2023 | — | 1.809247 | $10,416.25 |
| 2022 | — | 1.974923 | $10,752.29 |
| 2021 | — | 2.176679 | $9,363.99 |
| 2020 | — | 2.226665 | $7,794.50 |
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
$3,640 / mo
20% down · 6.50% interest · 30-year fixed
Estimated monthly payment $3,640
- Principal & interest
- $2,574
- Property taxes
- $642
- Homeowners insurance
- $424
*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 | $407,200 | $4,551 | $26,334 | $402,649 | |
| 2 | $402,649 | $4,856 | $26,029 | $397,792 | |
| 3 | $397,792 | $5,181 | $25,704 | $392,611 | |
| 4 | $392,611 | $5,528 | $25,357 | $387,083 | |
| 5 | $387,083 | $5,899 | $24,987 | $381,184 | |
| 6 | $381,184 | $6,294 | $24,592 | $374,890 | |
| 7 | $374,890 | $6,715 | $24,170 | $368,175 | |
| 8 | $368,175 | $7,165 | $23,720 | $361,010 | |
| 9 | $361,010 | $7,645 | $23,241 | $353,365 | |
| 10 | $353,365 | $8,157 | $22,729 | $345,208 |
- Year 1$402,649
- Principal paid
- $4,551
- Interest paid
- $26,334
- Starting balance
- $407,200
- Year 2$397,792
- Principal paid
- $4,856
- Interest paid
- $26,029
- Starting balance
- $402,649
- Year 3$392,611
- Principal paid
- $5,181
- Interest paid
- $25,704
- Starting balance
- $397,792
- Year 4$387,083
- Principal paid
- $5,528
- Interest paid
- $25,357
- Starting balance
- $392,611
- Year 5$381,184
- Principal paid
- $5,899
- Interest paid
- $24,987
- Starting balance
- $387,083
- Year 6$374,890
- Principal paid
- $6,294
- Interest paid
- $24,592
- Starting balance
- $381,184
- Year 7$368,175
- Principal paid
- $6,715
- Interest paid
- $24,170
- Starting balance
- $374,890
- Year 8$361,010
- Principal paid
- $7,165
- Interest paid
- $23,720
- Starting balance
- $368,175
- Year 9$353,365
- Principal paid
- $7,645
- Interest paid
- $23,241
- Starting balance
- $361,010
- Year 10$345,208
- Principal paid
- $8,157
- Interest paid
- $22,729
- Starting balance
- $353,365
Nearby
Courtesy of Christies Intl Real Estate Lone Star · (512) 270-8586
Listings courtesy of ACTRIS as distributed by MLS GRID.