Date
Details
Price
Change
Source
6/02/2026
Listed
$550,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$550,000 Just Listed
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Property Description
Live where Austin's most iconic outdoor lifestyle meets the energy of downtown. This southwest-facing 2-bedroom, 2-bath residence at Milago offers a rare treetop perspective overlooking Lady Bird Lake and the Hike-and-Bike Trail, creating a peaceful retreat in the heart of the city. The open-concept floor plan features wood flooring, stainless steel appliances, solar shades, spacious walk-in closets. Enjoy morning coffee or evening sunsets from the private balcony with serene lake and greenbelt views. Milago residents enjoy resort-style amenities including a rooftop pool and spa, outdoor grilling areas, fitness center, owner lounge, party room, lakeside terrace, and 24-hour concierge service. Just outside your door, explore the Rainey Street District's acclaimed restaurants, nightlife, and entertainment, or step directly onto the Lady Bird Lake Trail for walking, running, biking, paddleboarding, and more. Urban convenience meets waterfront tranquility in one of Austin's most sought-after downtown locations.
Full Property Details
Full Property Details for 54 Rainey St #404
General
- Price: $550,000
- HOA FEE: $985/month
- Taxes: $10,341 (2026)
- Status: Active
- Type: Condo
- Source: Austin_MLS
- MLS ID: 9558786
- Updated: 6/2/2026
- Added to Site: 2 day(s) ago
Interior
- Interior Features: In-Law Floorplan, Kitchen Island, Main Level Primary, Open Floorplan
- Appliances: Dishwasher, Disposal, Range, Refrigerator
- Flooring: Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
- Bedrooms Main: 2
Other Rooms
- Laundry: Main Level, In Unit
Additional Information
- Shared Amenities: Concierge
- Shared Pool: Yes
- Pool: Yes
- Pool Description: None, Community
- Security/Safety: Building Security, 24 Hour Security
Exterior
- Exterior Features: None
- Porch/Patio/Deck: Terrace
Parking
- Garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Total Spaces: 2
- Parking Features: Assigned, Electric Vehicle Charging Station(s), Guest
Location
- Area: DT
- County: Travis
- Subdivision: Milago Condo Amd
- Driving Directions: IH35, to Rainey Street, building at end of street. Park at guest spaces.
- Direction Faces: West
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
- Assoc. Fees Include: Common Area Maintenance, Maintenance Structure, Parking, Security
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Water Connected
Structural Information
- Detached/Attached: Detached
- Construction: See Remarks
- Roof: See Remarks
- Windows: Double Pane Windows
- Stories/Levels: 1
- Square Feet: 1,189
- Sq. Ft. Source: Public Records
- Living Area: 1,189 Sq. Ft.
- Year Built: 2006
- Year Built Source: Public Records
- Property Condition: Resale
Additional Structures
- Other Structures: None
Lot Features
- Property View: City Lights, City, Hills, Lake
- Lot Size (Acres): 0.0068
- Lot Size (Sq. Ft.): 296.21
- Lot Features: None
- Fencing (Description): None
Water Features
- Water View: Yes
- Water Front Desc.: See Remarks
Green Features
- Energy Efficient: See Remarks
Financial Considerations
- Association Fee: $985
- Assoc Fee Freq.: Monthly
- Assessment Amount: $614,061
- Tax Amount: $10,341.58
- Tax Year: 2026
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: See Remarks
- Legal Description: UNT 404 MILAGO CONDOMINIUMS AMENDED PLUS .451 % INT IN COM AREA
- Disclosures/Reports: Seller Disclosure
- Property ID: 2030312290000
- Lot Number: 404
Listed by Kuper Sotheby's Int'l Realty
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Listing agent
— 54 Rainey St #404 —
Kuper Sotheby's Int'l Realty
(512) 940-5293
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 54 Rainey St #404
School District:Austin Independent School District
| Name | Grades | Distance |
|---|---|---|
Mathews Elementary School 906 West Lynn Street, Austin, TX 78703 | PK-6 | 1.9 mi |
O Henry Middle School 2610 West 10th Street, Austin, TX 78703 | 6-8 | 2.8 mi |
Austin High School, Austin, TX 1715 West Cesar Chavez Street, Austin, TX 78703 | 9-12 | 2 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 #404
Tax History
Tax History for 54 Rainey St #404
Year
Property Taxes
Change
Tax Assessment
Change
2024
$10,644
—
$614,061
-5%
2024
$10,644
-15%
$645,999
-15%
2022
$12,572
—
$760,074
5%
2022
$12,572
73%
$721,365
21%
2021
$7,270
-41%
$594,862
7%
2020
$12,408
4%
$557,241
—
2020
$11,952
-2%
$557,241
5%
2019
$12,240
14%
$531,399
3%
2016
$10,741
-7%
$515,928
7%
2017
$11,506
13%
$481,621
9%
2015
$10,165
14%
$442,725
13%
2013
$8,918
—
$392,740
8%
2013
$8,918
—
$362,032
—
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
Estimate the Cost for 54 Rainey St #404
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- Single Family
- Active
- Updated 14 hours ago
- 4Beds
- 3Total Baths
- Single Family
- Active
- Updated 11 hours ago
- 3Beds
- 2Total Baths
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54 Rainey Street #404, Austin, TX 78701 (MLS# 9558786) is a Condo property with 2 bedrooms and 2 full bathrooms. 54 Rainey Street #404 is currently listed for $550,000 and was received on June 02, 2026. Want to learn more about 54 Rainey Street #404? Do you have questions about finding other Condo real estate for sale in Central Austin? You can browse all Central Austin real estate or contact a Coldwell Banker agent to request more information.