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$359,000
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Property Description
Experience elevated downtown living at 54 Rainey St. #415, a beautifully renovated 1-bedroom, 1-bathroom condo. This 756-square-foot home has been thoughtfully upgraded to offer both style and comfort. The sleek kitchen features updated appliances, designer cabinetry, and stylish lighting, creating a modern space ideal for cooking and entertaining. The spa-inspired bathroom boasts a walk-in shower, enhanced by elegant tile work and contemporary fixtures, providing the perfect retreat after a day of urban exploration. Step onto your private balcony to enjoy serene views, or head to the rooftop pool to take in stunning panoramas of downtown Austin and Lady Bird Lake. The building's exceptional amenities include a fully equipped gym, 24-hour concierge service, and impeccably maintained common areas-all complemented by some of the most affordable HOA fees in the downtown area. Situated in the heart of the vibrant Rainey Street district, this condo is steps away from Lady Bird Trail, offering easy access to biking, running, and waterfront activities. Rainey Street's eclectic mix of restaurants, bars, and coffee shops ensures that dining and nightlife options are always close at hand. The property's prime location provides seamless access to I-35, East Austin, South Congress, and beyond, making it a perfect choice for those seeking the ultimate urban lifestyle. Whether you're catching fireworks from the rooftop, grabbing a morning coffee, or enjoying a peaceful stroll along the trail, this home is the ideal blend of modern sophistication and Austin charm. All values are approximate and to be verified.
Full Property Details
Full Property Details for 54 Rainey St #415
General
- Price: $359,000
- HOA FEE: $584/month
- Taxes: $6,872 (2026)
- Status: Active
- Type: Condo
- Source: Austin_MLS
- MLS ID: 1844029
- Updated: 7/9/2026
- Added to Site: 40 day(s) ago
Interior
- Interior Features: Ceiling Fan(s), Main Level Primary, Quartz Counters, Programmable Thermostat
- Appliances: Built-In Refrigerator, Dishwasher, Exhaust Fan, Electric Oven, Electric Water Heater, Microwave, Washer
- Flooring: Wood
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 1
- Bedrooms Main: 1
Other Rooms
- Laundry: Laundry Closet
Additional Information
- Shared Amenities: Concierge
- Shared Pool: Yes
- Pool: Yes
- Private Pool: Yes
- Pool Description: Roof Top, Community
- Security/Safety: Building Security, Controlled Access
Exterior
- Exterior Features: Balcony
- Porch/Patio/Deck: Terrace, Balcony
Parking
- Garage: Yes
- Garage Spaces: 1
- Covered Spaces: 1
- Total Spaces: 1
- Parking Features: Off Street, Covered, Guest
Location
- Area: DT
- County: Travis
- Subdivision: Milago Condo Amd
- Driving Directions: Cesar Chavez to Red River, left River Road, right on Rainey Street. Milago is on the right hand side. Guest parking available, get pass from front desk or there is street parking.
- Direction Faces: North
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: FirstService Residential
- Assoc. Fees Include: Common Area Maintenance, Maintenance Grounds
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: None
- Utility Description: Electricity Connected, Water Connected, Water Not Available
Structural Information
- Detached/Attached: Detached
- Construction: Concrete
- Roof: Concrete
- Windows: None
- Stories/Levels: 1
- Square Feet: 756
- Sq. Ft. Source: Public Records
- Living Area: 756 Sq. Ft.
- Year Built: 2005
- Year Built Source: Public Records
- Property Condition: Resale
Additional Structures
- Other Structures: Bathroom, See Remarks
Lot Features
- Property View: City
- Lot Size (Acres): 0.0044
- Lot Size (Sq. Ft.): 191.66
- Lot Features: See Remarks
- Fencing (Description): None
Financial Considerations
- Association Fee: $584
- Assoc Fee Freq.: Monthly
- Assessment Amount: $374,611
- Tax Amount: $6,872.28
- Tax Year: 2026
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: UNT 415 MILAGO CONDOMINIUMS AMENDED PLUS .287 % INT IN COM AREA
- Disclosures/Reports: Seller Disclosure
- Property ID: 2030312400000
- Lot Number: 415
Listed by Keller Williams Realty
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Schools
Schools serving 54 Rainey St #415
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 #415
Date
Details
Price
Change
Source
6/01/2026
Listed
$359,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 54 Rainey St #415
Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,222
—
$374,611
-13%
2024
$6,222
-25%
$432,111
-15%
2022
$8,278
—
$509,450
6%
2022
$8,278
18%
$482,566
50%
2021
$7,013
2%
$322,177
4%
2020
$6,869
4%
$308,492
—
2020
$6,617
-2%
$308,492
-9%
2019
$6,776
6%
$340,166
8%
2016
$6,410
-9%
$316,174
10%
2017
$7,051
18%
$287,431
10%
2015
$6,000
11%
$261,301
10%
2013
$5,404
—
$237,546
8%
2013
$5,404
—
$219,409
—
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 #415
54 Rainey Street #415, Austin, TX 78701 (MLS# 1844029) is a Condo property with 1 bedroom and 1 full bathroom. 54 Rainey Street #415 is currently listed for $359,000 and was received on June 01, 2026. Want to learn more about 54 Rainey Street #415? 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.

