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$949,999 -$39,001 (-3.94%) Price Reduced

  • For Sale
  • Active
  • Condo
  • 3 Beds
  • 2 Full Baths
  • 1 Partial Bath
  • 1,956 Sq. Ft.
  • 0.0113 Acres
  • 2 Car Garage
  • Updated 2 days ago
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Experience elevated downtown living at Milago, where style, space, and sweeping views come together in one exceptional residence. This beautifully appointed 3-bedroom, 2.5-bath condo offers nearly 2,000 square feet (1,956 SF) of light-filled living space in one of Austin's most desirable waterfront buildings. From the moment you enter, you're greeted by expansive windows that flood the home with natural light and frame stunning views the downtown skyline and Lady Bird Lake. Rich wood flooring runs throughout, creating a warm, cohesive feel across the open-concept living and dining areas-perfect for entertaining or simply enjoying the view. The gorgeous kitchen is both functional and refined, featuring quartz countertops, a custom backsplash, an extra-deep sink, and abundant cabinet space for effortless organization. Whether you're hosting friends before a night out or preparing a quiet dinner at home, this kitchen is designed to impress. The spacious primary suite offers a true retreat, complete with a luxurious ensuite bath boasting a double vanity, large soaking tub, and separate walk-in shower. Two additional bedrooms provide flexibility for guests, a home office, or a dedicated fitness or media space. Located just steps from the Town Lake Trail, you'll have immediate access to miles of scenic waterfront paths, along with some of Austin's best dining, shopping, and entertainment. Residents of Milago enjoy premium amenities including a beautiful pool and a fully equipped fitness center. This is downtown Austin living at its finest-spacious, sophisticated, and perfectly positioned to enjoy the best of the city.

Full Property Details for 54 Rainey St #1018

General

  • Price: $949,999
  • HOA FEE: $1,511/month
  • Taxes: (2026)
  • Status: Active
  • Type: Condo
  • Source: Austin_MLS
  • MLS ID: 2440461
  • Updated: 5/24/2026
  • Added to Site: 82 day(s) ago

Interior

  • Interior Features: See Remarks
  • Appliances: Built-In Electric Range, Dishwasher
  • Flooring: See Remarks

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 3
  • Bedrooms Main: 3

Other Rooms

  • Laundry: In Unit

Additional Information

  • Shared Amenities: Concierge
  • Shared Pool: Yes
  • Pool: Yes
  • Pool Description: None, Community
  • Security/Safety: See Remarks

Exterior

  • Exterior Features: Balcony
  • Porch/Patio/Deck: See Remarks, Balcony

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Covered Spaces: 2
  • Total Spaces: 2
  • Parking Features: Assigned, Garage, Guest

Location

  • Area: DT
  • County: Travis
  • Subdivision: Milago Condo Amd
  • Driving Directions: Head south on Rainey Street. Milago is the last building on the right.
  • Direction Faces: Northwest

School Information

  • Elem School District: Austin ISD
  • Midd School District: Austin ISD
  • High School District: Austin ISD
  • Elementary School: Mathews
  • Middle School: O Henry
  • High School: Austin

Community

  • Association: Yes
  • Assoc. Name: Milago Condominiums
  • Assoc. Fees Include: See Remarks

Heating & Cooling

  • Cooling Type: See Remarks
  • Heating Type: Central

Utilities

  • Sewer: See Remarks
  • Water: Public
  • Utility Description: See Remarks

Structural Information

  • Detached/Attached: Detached
  • Construction: Brick, Stone, Stucco
  • Roof: Built-Up
  • Windows: Double Pane Windows
  • Stories/Levels: 1
  • Square Feet: 1,956
  • Sq. Ft. Source: Public Records
  • Living Area: 1,956 Sq. Ft.
  • Year Built: 2005
  • Year Built Source: Public Records
  • Property Condition: Resale

Additional Structures

  • Other Structures: None

Lot Features

  • Property View: City, Hills, Lake
  • Lot Size (Acres): 0.0113
  • Lot Size (Sq. Ft.): 492.23
  • Lot Features: See Remarks
  • Fencing (Description): None

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Name: Lady Bird Lake
  • Water Front Desc.: Lake Front
  • Lake Front: Yes

Financial Considerations

  • Association Fee: $1,511
  • Assoc Fee Freq.: Monthly
  • Assessment Amount: $869,981
  • Tax Year: 2026
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: Standard
  • Legal Description: UNT 1018 MILAGO CONDOMINIUMS AMENDED PLUS .742 % INT IN COM AREA
  • Disclosures/Reports: Seller Disclosure
  • Property ID: 2030313820000
  • Lot Number: 1018

Listed by Compass RE Texas, LLC

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Listing agent

— 54 Rainey St #1018 —

  • Compass RE Texas, LLC

(512) 769-1695

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 54 Rainey St #1018

School District:Austin Independent School District
NameGradesDistance
Mathews Elementary School
906 West Lynn Street, Austin, TX 78703
PK-61.9 mi
O Henry Middle School
2610 West 10th Street, Austin, TX 78703
6-82.8 mi
Austin High School, Austin, TX
1715 West Cesar Chavez Street, Austin, TX 78703
9-122 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 54 Rainey St #1018 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/24/2026
Price Reduced
$949,999
-3.94%
MLS
3/05/2026
Listed
$989,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 54 Rainey St #1018

Year
Property Taxes
Change
Tax Assessment
Change
2024
$12,107
—
$869,981
-1%
2024
$12,107
-41%
$882,680
-25%
2022
$20,475
—
$1,173,072
6%
2022
$20,475
20%
$1,106,148
41%
2021
$17,065
-15%
$784,000
-14%
2020
$20,182
4%
$906,400
—
2020
$19,441
-4%
$906,400
7%
2019
$20,273
21%
$851,000
8%
2016
$16,771
-9%
$790,000
5%
2017
$18,448
13%
$752,000
6%
2015
$16,302
27%
$710,000
7%
2013
$12,809
—
$663,280
28%
2013
$12,809
—
$520,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 54 Rainey St #1018

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Compass RE Texas, LLC

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54 Rainey Street #1018, Austin, TX 78701 (MLS# 2440461) is a Condo property with 3 bedrooms, 2 full bathrooms and 1 partial bathroom. 54 Rainey Street #1018 is currently listed for $949,999 and was received on March 05, 2026. Want to learn more about 54 Rainey Street #1018? Do you have questions about finding other Condo real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.

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