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$448,000
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Property Description
Experience refined urban living in this stunning west-facing one-bedroom condo with an additional flex space and captivating views. Step inside to find the timeless charm of rich wood floors, gleaming granite countertops, and a kitchen outfitted with sleek stainless steel appliances. A stacked washer and dryer complete the modern conveniences. The Milago's amenities set the standard for downtown luxury, enjoy a rooftop terrace with a pool, hot tub, and BBQ grills, a well-equipped fitness center, elegant club room, ground-floor lounge, inviting patio, and 24/7 concierge service. Nestled in the heart of the vibrant Rainey Street District and just steps from Lady Bird Lake, you'll have premier access to local favorites like Royal Blue Grocery, Emmer & Rye, Geraldine's, Cuvee Coffee, and the Limestone Rooftop Bar. Whether you're savoring the nightlife or exploring the scenic hike and bike trail, paddleboarding, or kayaking, everything you love about Austin is right at your doorstep. Reserved parking space #241 and storage unit #91 add convenience to this true lock-and-leave lifestyle. Discover the perfect blend of sophistication, comfort, and location. Welcome home to Milago Condominiums.
Full Property Details
Full Property Details for 54 Rainey St #416
General
- Price: $448,000
- HOA FEE: $658/month
- Taxes: $7,360 (2025)
- Status: Active
- Type: Condo
- Source: Austin_MLS
- MLS ID: 7559774
- Updated: 12/4/2025
- Added to Site: 75 day(s) ago
Interior
- Interior Features: Breakfast Bar, Built-in Features, Ceiling Fan(s), Granite Counters, High Ceilings, Main Level Primary, Open Floorplan, Soaking Tub, Walk-In Closet(s)
- Appliances: Dryer, Washer/Dryer Stacked, Dishwasher, Exhaust Fan, Electric Range, Disposal, Microwave, Range, Refrigerator, Washer
- Flooring: Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 1
- Bedrooms Main: 1
Other Rooms
- Laundry: Laundry Closet, Washer Hookup, Dryer Hookup, ElectricDryer Hookup, Stacked
Additional Information
- Shared Amenities: Concierge
- Shared Pool: Yes
- Pool: Yes
- Pool Description: None, Community
- Spa Description: Community
- Security/Safety: Building Security, Fire Alarm, Fire Sprinkler System, Secured Garage/Parking, Key Card Entry, Controlled Access
Exterior
- Exterior Features: Balcony
- Porch/Patio/Deck: Covered, Balcony
Parking
- Garage: Yes
- Garage Spaces: 1
- Covered Spaces: 1
- Total Spaces: 1
- Parking Features: Assigned, Electric Gate, Gated, Private, Secured, Storage, Covered, Guest
Location
- Area: DT
- County: Travis
- Subdivision: Milago Condo Amd
- Driving Directions: From I-35 exit Cesar Chavez, go W on Cesar Chavez, L(south) on Red River, L(east) on Davis, R(south) on Rainey. Milago is on right side after roundabout
- 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
- Gated community: Yes
- Association: Yes
- Assoc. Name: Milago Condominium HOA
- Assoc. Fees Include: Common Area Maintenance, Maintenance Grounds, Maintenance Structure, Parking, Security, Trash
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Private Sewer
- Water: Private
- Utility Description: Electricity Connected, Sewer Connected, Water Connected
Structural Information
- Detached/Attached: Detached
- Construction: Brick, Glass, Concrete, Stucco
- Roof: Membrane
- Windows: Window Coverings
- Stories/Levels: 1
- Square Feet: 852
- Sq. Ft. Source: Public Records
- Living Area: 852 Sq. Ft.
- Year Built: 2005
- Year Built Source: Public Records
- Property Condition: Resale
Additional Structures
- Other Structures: Residence
Lot Features
- Property View: Park/Greenbelt, Garden, Lake, Trees/Woods
- Lot Size (Acres): 0.0049
- Lot Size (Sq. Ft.): 213.44
- Lot Features: Backs to Greenbelt/Park, Landscaped, Many Trees
- Fencing (Description): None
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Name: Lady Bird Lake
- Water Front Desc.: Lake Front, Waterfront
- Lake Front: Yes
Financial Considerations
- Association Fee: $658
- Assoc Fee Freq.: Monthly
- Assessment Amount: $371,395
- Tax Amount: $7,360.36
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: UNT 416 MILAGO CONDOMINIUMS AMENDED PLUS .323 % INT IN COM AREA
- Disclosures/Reports: Seller Disclosure
- Property ID: 2030312410000
- Lot Number: 416
Listed by Womack Real Estate LLC
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Schools
Schools serving 54 Rainey St #416
School District:Austin Independent School District
| Name | Grades | Distance |
|---|---|---|
Mathews Elementary School 906 West Lynn Street, Austin, TX 78703 | PK-6 | 1.9 mi |
Austin High School, Austin, TX 1715 West Cesar Chavez Street, Austin, TX 78703 | 9-12 | 2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 54 Rainey St #416
Date
Details
Price
Change
Source
11/03/2025
Listed
$448,000
—
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 #416
Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,921
—
$371,395
-15%
2024
$6,921
-3%
$438,595
-9%
2022
$7,140
—
$480,958
7%
2022
$7,140
-2%
$447,708
17%
2021
$7,256
-11%
$381,184
5%
2020
$8,114
4%
$364,389
—
2020
$7,816
-2%
$364,389
-7%
2019
$8,004
—
$390,500
1%
2016
$8,042
-7%
$386,465
7%
2017
$8,619
13%
$360,598
9%
2015
$7,604
14%
$331,171
13%
2013
$6,659
—
$293,497
9%
2013
$6,659
—
$270,353
—
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 #416
54 Rainey Street #416, Austin, TX 78701 (MLS# 7559774) is a Condo property with 1 bedroom and 1 full bathroom. 54 Rainey Street #416 is currently listed for $448,000 and was received on November 03, 2025. Want to learn more about 54 Rainey Street #416? 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.

