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ActiveMLS #2641435

54 Rainey ST # 811, Austin TX 78701

Austin, TX 78701 · Milago Condo Amd

Condominium for sale in Milago Condo Amd

1Bedrooms
1Bathrooms
756Square Ft
0.00Acres
1Garage
2005Year Built
Price Reduced
1 / 29
$349,000$359,900

Overview

Property Description

Live ON the lake and trail. Enjoy the best of downtown Austin living in this pristine condo with 1-Bedroom, 1-Bath + Balcony at Milago Condominiums. Located on vibrant Rainey St. with direct access to Lady Bird Lake & Trail, this residence offers a spacious open floor plan, natural light, a balcony looking down on Rainey St. and a reserved parking space in the gated garage. Amenities include a rooftop pool and spa, 2nd floor fitness center and party/club room, and 1st floor lounge leading out to a private patio, the trail and the lake. Top notch concierge service and secure access 24/7. Walk to dining, entertainment, nightlife and outdoor recreation while enjoying a convenient lock-and-leave lifestyle. Milago is the only downtown condo building that is right on Lady Bird Lake and in the popular Rainey Street Historical District. Rsvd Garage Parking Space #A115

Financial Info
Price
$349,000
$ / Sqft
$462
HOA
Yes - Mandatory / $627 / Monthly
HOA Name
Milago Condominium
HOA Includes
Common Area Maintenance, Insurance, Landscaping, Maintenance Grounds, Maintenance Structure, Parking, Security
Tax Rate
2.0465%
Est. Taxes
$6,936.97
Tax Year
2025
Exemptions
None
Legal Info
Address
54 Rainey ST # 811
County
Travis
City
Austin
State
TX
Zip
78701
Subdivision
Milago Condo Amd
Legal Description
UNT 811 MILAGO CONDOMINIUMS AMENDED PLUS .287 % INT IN COM AREA
Parcel
02030313290000
Interior Features
Floor
Tile, Wood
Num Living
1
Dining
1
Kitchen
Breakfast Bar
Appliances
Free-Standing Electric Oven, Free-Standing Electric Range, Free-Standing Refrigerator, Washer/Dryer Stacked
Laundry
In Unit, Laundry Closet
Master Main
Yes
Interior Features
See Remarks, Breakfast Bar, Open Floorplan, Building Security, Closed Circuit Camera(s), Smoke Detector(s), Window Coverings
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
756 / Public Records
Garages
1
Garage Desc
Garage, Gated
Foundation
Pillar/Post/Pier
Roof
Built-Up
Construction
Brick, Stone, Stucco
Acres
0.00
Lot Description
See Remarks, Many Trees
Restrictions
See Remarks, Covenant
Flood Plain
See Remarks
View
Neighborhood
Water Access
Yes
Waterfront
Yes
Area
DT
Utility Info
Water
Public
Sewer
Public Sewer
Utilities
Cable Available, Electricity Available, Sewer Connected, Water Available
Heat
Electric
A C
Electric
Exterior Features
Fence
None
Exterior Features
See Remarks, Balcony, Covered
Pool On Property
No
Area Amenities
Bike Storage/Locker, Cluster Mailbox, Common Grounds, Concierge, Conference/Meeting Room, Controlled Access, Courtyard, Covered Parking, Fitness Center, Garage Parking, Gated, Lock and Leave, Lounge, Package Service, Pool, Property Manager On-Site, Recycling Area/Center, Sidewalks, Spa/Hot Tub, Street Lights

Price history

Members only
Days on market
−$10,900 (−3%)
$359,900 → $349,000
2
Price reductions
Active
Since Jun 5, 2026
Price trend
List priceJun 2026 → Jun 2026
Property history3 events
DateEventPriceChange
Jun 28, 2026Price Decrease$349,000−$900 (−0.3%)
Jun 16, 2026Price Decrease$349,900−$10,000 (−2.8%)
Jun 5, 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 $349,000
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

$2,634 / mo

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

Estimated monthly payment $2,634

Principal & interest
$1,765
Property taxes
$578
Homeowners insurance
$291

*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$279,200$3,121$18,056$276,079
2$276,079$3,330$17,847$272,750
3$272,750$3,553$17,624$269,197
4$269,197$3,791$17,386$265,406
5$265,406$4,044$17,132$261,362
6$261,362$4,315$16,861$257,047
7$257,047$4,604$16,572$252,442
8$252,442$4,913$16,264$247,529
9$247,529$5,242$15,935$242,288
10$242,288$5,593$15,584$236,695
  • Year 1$276,079
    Principal paid
    $3,121
    Interest paid
    $18,056
    Starting balance
    $279,200
  • Year 2$272,750
    Principal paid
    $3,330
    Interest paid
    $17,847
    Starting balance
    $276,079
  • Year 3$269,197
    Principal paid
    $3,553
    Interest paid
    $17,624
    Starting balance
    $272,750
  • Year 4$265,406
    Principal paid
    $3,791
    Interest paid
    $17,386
    Starting balance
    $269,197
  • Year 5$261,362
    Principal paid
    $4,044
    Interest paid
    $17,132
    Starting balance
    $265,406
  • Year 6$257,047
    Principal paid
    $4,315
    Interest paid
    $16,861
    Starting balance
    $261,362
  • Year 7$252,442
    Principal paid
    $4,604
    Interest paid
    $16,572
    Starting balance
    $257,047
  • Year 8$247,529
    Principal paid
    $4,913
    Interest paid
    $16,264
    Starting balance
    $252,442
  • Year 9$242,288
    Principal paid
    $5,242
    Interest paid
    $15,935
    Starting balance
    $247,529
  • Year 10$236,695
    Principal paid
    $5,593
    Interest paid
    $15,584
    Starting balance
    $242,288
First 10 of 30 years

Nearby

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

Listings courtesy of ACTRIS as distributed by MLS GRID.