ActiveMLS #2641435

54 Rainey ST # 811, Austin TX 78701

Name: 54 Rainey ST # 811, Austin, TX 78701
SKU: 2641435
Price: 339000 USD
Availability: InStock

Austin, TX 78701 · Milago Condo Amd

Condominium for sale in Milago Condo Amd

$359,900

$339,000

756

0.00

2005

Price Reduced

1 / 30

$339,000$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: $339,000
$ / Sqft: $448
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

Days on market

−$20,900 (−5.8%)

$359,900 → $339,000

Price reductions

Active

Since Jun 5, 2026

Price trend

List priceJun 2026 → Oct 2026

Property history4 events

Date	Event	Price	Change
Oct 12, 2026	Price Decrease	$339,000−$10,000 (−2.9%)	−$10,000 (−2.9%)
Jun 28, 2026	Price Decrease	$349,000−$900 (−0.3%)	−$900 (−0.3%)
Jun 16, 2026	Price Decrease	$349,900−$10,000 (−2.8%)	−$10,000 (−2.8%)
Jun 5, 2026	New Listing		—

Taxes

2026 Estimated Property Taxes

TCAD account 719654

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 Entity	Rate per $100	Taxable Value	Estimated Tax
AUSTIN COMM COLL DIST	0.103400	$254,578	$263.23
AUSTIN ISD	0.925200	$254,578	$2,355.36
CITY OF AUSTIN	0.524017	$254,578	$1,334.03
TRAVIS COUNTY	0.375845	$254,578	$956.82
TRAVIS COUNTY HEALTHCARE DISTRICT	0.118023	$254,578	$300.46
Ordinary property tax estimate	2.046485		$5,209.90

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

General Information

Owner: CASALE KAREN
Legal: UNT 811 MILAGO CONDOMINIUMS AMENDED PLUS .287 % INT IN COM AREA
Geo ID: prop:719654
Acreage: 0.00

Exemptions

Exemption Type: None on record

Tax Summary

MLS estimated annual taxes: $6,936.97
MLS tax year: 2025

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.

Year	Appraised Value	Combined Rate per $100	Annual Taxes Billed
2025	$338,970	2.046485	$6,936.96
2024	—	1.981814	$7,033.37
2023	—	1.809247	$8,271.99
2022	—	1.974923	$8,195.06
2021	—	2.176679	$6,240.54
2020	—	2.226665	$6,297.02

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.

Travis Central Appraisal District News

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

Home priceList price $339,000

Down payment

Stays 20% if you change the price

Interest rateNote rate, not APR

Loan termLoan type

Property taxesFrom this listing’s tax record

Homeowners insurance*Estimated only (1% of price / yr)

Estimated monthly payment

$2,575 / mo

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

Principal & interest: $1,714
Property taxes: $578
Homeowners insurance: $283

*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
Year	Starting balance	Principal paid	Interest paid	Ending balance
1	$271,200	$3,031	$17,539	$268,169
2	$268,169	$3,234	$17,336	$264,934
3	$264,934	$3,451	$17,119	$261,484
4	$261,484	$3,682	$16,888	$257,802
5	$257,802	$3,929	$16,641	$253,873
6	$253,873	$4,192	$16,378	$249,681
7	$249,681	$4,472	$16,098	$245,209
8	$245,209	$4,772	$15,798	$240,437
9	$240,437	$5,092	$15,478	$235,345
10	$235,345	$5,433	$15,137	$229,913

Year 1$268,169
Principal paid
$3,031
Interest paid
$17,539
Starting balance
$271,200
Year 2$264,934
Principal paid
$3,234
Interest paid
$17,336
Starting balance
$268,169
Year 3$261,484
Principal paid
$3,451
Interest paid
$17,119
Starting balance
$264,934
Year 4$257,802
Principal paid
$3,682
Interest paid
$16,888
Starting balance
$261,484
Year 5$253,873
Principal paid
$3,929
Interest paid
$16,641
Starting balance
$257,802
Year 6$249,681
Principal paid
$4,192
Interest paid
$16,378
Starting balance
$253,873
Year 7$245,209
Principal paid
$4,472
Interest paid
$16,098
Starting balance
$249,681
Year 8$240,437
Principal paid
$4,772
Interest paid
$15,798
Starting balance
$245,209
Year 9$235,345
Principal paid
$5,092
Interest paid
$15,478
Starting balance
$240,437
Year 10$229,913
Principal paid
$5,433
Interest paid
$15,137
Starting balance
$235,345

First 10 of 30 years

Nearby

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

Listings courtesy of ACTRIS as distributed by MLS GRID.