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$515,000 -$15,000 (-2.83%) Price Reduced

  • For Sale
  • Active
  • Condo
  • 2 Beds
  • 2 Full Baths
  • 1,164 Sq. Ft.
  • 0.0067 Acres
  • 2 Car Garage
  • Updated 9 hours ago

Next open house:

Open House: 11:00 AM - 1:00 PM

Saturday 8/8 11:00 AM - 1:00 PM

54 Rainey Street #609,Austin, TX 78701

54 Rainey Street #609AustinTX78701

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Join us at 54 Rainey Street #609 on:

  • Open House: 2:00 PM - 4:00 PM

    Sunday 8/9 2:00 PM - 4:00 PM

    54 Rainey Street #609,Austin, TX 78701
    54 Rainey Street #609AustinTX78701
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Experience elevated downtown living at Milago, one of Austin's premier waterfront high-rises in the heart of the vibrant Rainey Street District. This beautifully updated 2-bedroom, 2-bath residence offers an open-concept floor plan with rich wood flooring, abundant natural light, and contemporary finishes throughout. The renovated kitchen features white shaker cabinetry, granite countertops, stainless steel appliances, a stylish herringbone tile backsplash, and a spacious breakfast bar that seamlessly connects to the living and dining areas, perfect for entertaining. The generous living space opens to large windows that fill the home with natural light while creating a bright and inviting atmosphere. The primary suite offers a private retreat with an en-suite bath and ample closet space, while the secondary bedroom provides flexibility for guests, a home office, or additional living needs. Refrigerator, washer, and dryer convey. Milago residents enjoy exceptional amenities, including 24-hour concierge service, a rooftop pool and spa, fitness center, clubroom, and direct access to the Hike-and-Bike Trail and Lady Bird Lake. Building enhancements are currently underway, including updated hallways, a fully renovated clubroom, and new elevators, further enhancing the property's value and appeal.Enjoy walkable access to Austin's best dining, entertainment, nightlife, and outdoor recreation, all just steps from your front door. This is downtown Austin living at its finest.

Full Property Details for 54 Rainey St #609

General

  • Price: $515,000
  • HOA FEE: $965/month
  • Taxes: $9,619 (2026)
  • Status: Active
  • Type: Condo
  • Source: Austin_MLS
  • MLS ID: 2020610
  • Updated: 8/4/2026
  • Added to Site: 56 day(s) ago

Interior

  • Interior Features: Breakfast Bar, Ceiling Fan(s), Double Vanity, Eat-in Kitchen, Granite Counters, High Ceilings, Kitchen Island, Open Floorplan, Smart Thermostat, Walk-In Closet(s), High Speed Internet
  • Appliances: Dryer, Dishwasher, Electric Range, Disposal, Microwave, Range, Refrigerator, Washer
  • Flooring: Tile, Wood

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2
  • Bedrooms Main: 2

Other Rooms

  • Laundry: Laundry Closet, Washer Hookup, Electric Dryer Hookup

Additional Information

  • Shared Amenities: Concierge
  • Shared Pool: Yes
  • Pool: Yes
  • Pool Description: None, Community
  • Spa Description: Community
  • Security/Safety: Fire Alarm, Fire Sprinkler System, Secured Garage/Parking

Exterior

  • Exterior Features: Balcony
  • Porch/Patio/Deck: None, Balcony

Parking

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

Location

  • Area: DT
  • County: Travis
  • Subdivision: Milago Condo Amd
  • Driving Directions: East on Caesar Chavez, past Congress Ave, right on Red River, left on Davis, right on Rainy. Last bldg on right at hike and bike trail. Lockbox at front desk
  • Direction Faces: East

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 HOA
  • Assoc. Fees Include: Common Area Maintenance, Insurance, Maintenance Grounds, Maintenance Structure, Security

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, Fiber Optic Available, Sewer Connected, Water Connected

Structural Information

  • Detached/Attached: Detached
  • Construction: Brick, Concrete, Stucco
  • Roof: Membrane
  • Windows: Window Coverings
  • Stories/Levels: 1
  • Square Feet: 1,164
  • Sq. Ft. Source: Public Records
  • Living Area: 1,164 Sq. Ft.
  • Year Built: 2005
  • Year Built Source: Public Records
  • Property Condition: Resale

Additional Structures

  • Other Structures: None

Lot Features

  • Lot Size (Acres): 0.0067
  • Lot Size (Sq. Ft.): 291.85
  • Lot Features: None
  • Fencing (Description): None

Financial Considerations

  • Association Fee: $965
  • Assoc Fee Freq.: Monthly
  • Assessment Amount: $469,035
  • Tax Amount: $9,619.79
  • Tax Year: 2026
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: Standard
  • Legal Description: UNT 609 MILAGO CONDOMINIUMS AMENDED PLUS .442 % INT IN COM AREA
  • Disclosures/Reports: Seller Disclosure
  • Property ID: 2030312800000
  • Lot Number: 609

Listed by Womack Real Estate LLC

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Listing agent

— 54 Rainey St #609 —

  • Womack Real Estate LLC

(512) 689-9324

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 #609

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 #609 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/04/2026
Price Reduced
$515,000
-2.83%
MLS
6/12/2026
Listed
$530,000
—
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 #609

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,343
-15%
$469,035
-13%
2024
$8,686
-4%
$536,901
-14%
2022
$9,013
—
$625,211
5%
2022
$9,013
-1%
$596,273
28%
2021
$9,060
-21%
$465,784
-9%
2020
$11,410
4%
$512,408
—
2020
$10,990
-2%
$512,408
5%
2019
$11,255
15%
$488,184
4%
2016
$9,768
-7%
$468,825
7%
2017
$10,455
16%
$438,017
11%
2015
$9,030
15%
$393,276
19%
2014
$7,847
6%
$329,736
10%
2013
$7,384
—
$299,760
—
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.

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NMLS#: 1598647

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Listed by Womack Real Estate LLC

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54 Rainey Street #609, Austin, TX 78701 (MLS# 2020610) is a Condo property with 2 bedrooms and 2 full bathrooms. 54 Rainey Street #609 is currently listed for $515,000 and was received on June 12, 2026. Want to learn more about 54 Rainey Street #609? 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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