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54 Rainey ST # 314
Austin, TX, 78701
$735,000
2 Beds
2 Baths
1,164 SqFt
0.01 Acres
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Experience the very best of downtown Austin living in this rare 3rd-floor residence at Milago Condominiums. Nestled in the highly sought-after Rainey Street District, this thoughtfully designed two-bedroom, two-bath home combines modern comfort with unbeatable access to Austin’s vibrant urban core.

Step inside to discover an open-concept floor plan featuring a spacious living and dining area, a sleek kitchen with quartz counters, stainless steel appliances, and a large island that doubles as a breakfast bar. Natural light fills the space, while private bedrooms are thoughtfully separated for privacy and convenience.

The highlight of this home is the oversized private patio that seamlessly extends your living space outdoors. Unique to this residence, the patio connects directly to Milago’s 3rd-floor terrace — complete with lounge seating and a community grill — giving you the feeling of an expansive backyard in the heart of the city. With easy access to both the elevator and stairs, you can step outside, entertain, or simply relax without leaving your floor.

Additional features include:

Two reserved garage spaces — a true luxury downtown

Primary suite with walk-in closet and spa-inspired bath

Stacked washer/dryer and wine refrigerator included

Pet-friendly community

Milago residents enjoy an unmatched lifestyle with amenities such as 24-hour security, a rooftop pool and spa with panoramic city and lake views, a fully equipped fitness center, a business lounge, and on-site concierge services. Direct access to the Lady Bird Lake Hike & Bike Trail puts nature at your doorstep, while Rainey Street’s dining, music, and nightlife are just steps away.

Property Details

Price:
$735,000
MLS #:
5156148
Status:
Active
Beds:
2
Baths:
2
Address:
54 Rainey ST # 314
Type:
Condo
Subtype:
Condominium
Subdivision:
Milago Condo Amd
City:
Austin
Listed Date:
Sep 22, 2025
State:
TX
Finished Sq Ft:
1,164
ZIP:
78701
Lot Size:
292 sqft / 0.01 acres (approx)
Year Built:
2005
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Schools

School District:
Austin ISD
Elementary School:
Mathews
Middle School:
O Henry
High School:
Austin

Interior

Appliances
Dishwasher, Microwave, Free- Standing Electric Range, R N G H D, Free- Standing Refrigerator, Washer/ Dryer Stacked, Wine Refrigerator
Bathrooms
2 Full Bathrooms
Cooling
Central Air, Electric
Flooring
See Remarks, Vinyl
Heating
Central, Electric

Exterior

Community Features
B B Q Pit/ Grill, Bike Storage/ Locker, Business Center, Cluster Mailbox, Concierge, Conference/ Meeting Room, Controlled Access, Covered Parking, Fitness Center, Garage Parking, Lake, Maintenance On- Site, Package Service, Planned Social Activities, Pool, Spa/ Hot Tub, Storage, Street Lights, Tenant Access Cargo Elevator
Exterior Features
See Remarks, Balcony
Other Structures
None
Parking Features
Assigned, Garage, Gated
Roof
None

Financial

HOA Fee
$900
HOA Frequency
Monthly
HOA Includes
See Remarks
HOA Name
Milago Condominium
Taxes
$11,441

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Community

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54 Rainey ST # 314
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