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ActiveMLS #6916651

54 Rainey ST, Austin TX 78701

Austin, TX 78701 · Milago Condo Amd

Condominium for sale in Milago Condo Amd

1Bedrooms
1Bathrooms
798Square Ft
0.00Acres
1Garage
2005Year Built
1 / 13
$509,000

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

Members only
Days on market
$509,000
List price
0
Price reductions
Active
Since Aug 22, 2026
Property history1 event
DateEventPriceChange
Sep 8, 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 $509,000
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

$3,640 / 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.

Principal, interest and balance for each year
YearStarting balancePrincipal paidInterest paidEnding balancePrincipal 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
First 10 of 30 years

Nearby

Courtesy of Christies Intl Real Estate Lone Star · (512) 270-8586

Listings courtesy of ACTRIS as distributed by MLS GRID.