Date
Details
Price
Change
Source
5/11/2026
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
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Property Description
Located in the heart of the vibrant Rainey Street District, this exceptional residence at 54 Rainey offers one of the most breathtaking and unobstructed views in all of Austin. Unit 706 features two spacious bedrooms, two full bathrooms, a dedicated office, and an expansive open living area perfectly positioned to capture sweeping panoramic views of Lady Bird Lake and the downtown Austin skyline from nearly every angle. Floor-to-ceiling glass fills the home with natural light and creates a truly unmatched urban living experience. Residents at 54 Rainey enjoy resort-style amenities including a stunning rooftop pool and lounge deck overlooking the city, state-of-the-art fitness center, yoga studio, dog park, concierge services, outdoor grilling and entertaining spaces, co-working areas, and beautifully designed resident lounges. Just steps from Austin's top restaurants, nightlife, hike and bike trails, and waterfront activities, this is luxury downtown living at its finest. Priced aggressively at just $550,000 and ready to sell. Seller financing may also be available for qualified buyers with as little as 0% down.
Full Property Details
Full Property Details for 54 Rainey St #706
General
- Price: $550,000
- HOA FEE: $965/month
- Taxes: $16,394 (2025)
- Status: Active
- Type: Condo
- Source: Austin_MLS
- MLS ID: 7656455
- Updated: 5/11/2026
- Added to Site: 15 day(s) ago
Interior
- Interior Features: Bookcases, Built-in Features, Ceiling Fan(s), Chandelier, Granite Counters, Main Level Primary, Pantry, Stone Counters, See Remarks, Bar, Walk-In Closet(s)
- Appliances: Dryer, Dishwasher, Electric Range, Microwave, Oven, Range, Refrigerator, Wine Cooler, Wine Refrigerator, Washer
- Flooring: Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
- Bedrooms Main: 2
Other Rooms
- Laundry: Inside, Laundry Closet, In Unit
Additional Information
- Shared Amenities: Fitness Center, Park, Pool, See Remarks
- Shared Pool: Yes
- Pool: Yes
- Pool Description: See Remarks, Community
- Security/Safety: Smoke Detector(s), See Remarks
Exterior
- Exterior Features: Balcony, See Remarks
- Porch/Patio/Deck: Covered, See Remarks, Terrace, Balcony
Parking
- Garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Total Spaces: 2
- Parking Features: Assigned, Garage, See Remarks
Location
- Area: DT
- County: Travis
- Subdivision: Milago Condo Amd
- Driving Directions: 54 Rainey Street, lockbox with concierge at front desk.
- Direction Faces: Southwest
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, Maintenance Grounds, Maintenance Structure, See Remarks
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: See Remarks
Structural Information
- Detached/Attached: Detached
- Construction: Masonry
- Roof: Flat Tile
- Windows: See Remarks
- Stories/Levels: 1
- Square Feet: 1,341
- Sq. Ft. Source: Public Records
- Living Area: 1,341 Sq. Ft.
- Year Built: 2005
- Year Built Source: Public Records
- Property Condition: Resale
Additional Structures
- Other Structures: See Remarks
Lot Features
- Property View: City Lights, City, Lake, River
- Lot Size (Acres): 0.0077
- Lot Size (Sq. Ft.): 335.41
- Lot Features: City Lot, Near Public Transit, See Remarks
- Fencing (Description): None
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Name: Lady Bird Lake
- Water Front Desc.: Waterfront
Green Features
- Energy Efficient: See Remarks
Financial Considerations
- Association Fee: $965
- Assoc Fee Freq.: Monthly
- Assessment Amount: $801,125
- Tax Amount: $16,394.9
- Tax Year: 2025
- Terms: Cash, Conventional, VA Loan
Disclosures and Reports
- Special Conditions: Real Estate Owned
- Legal Description: UNT 706 MILAGO CONDOMINIUMS AMENDED PLUS .509 % INT IN COM AREA
- Disclosures/Reports: None
- Bank-owned: Yes
- Property ID: 2030313010000
- Lot Number: 706
Listed by Spyglass Realty
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Listing agents
— 54 Rainey St #706 —
Spyglass Realty
Spyglass Realty
(512) 554-7461
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Schools
Schools serving 54 Rainey St #706
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 #706
Tax History
Tax History for 54 Rainey St #706
Year
Property Taxes
Change
Tax Assessment
Change
2024
100%
$801,125
-4%
2024
-100%
$838,328
-1%
2022
$9,157
—
$849,363
5%
2022
$9,157
-1%
$806,340
25%
2021
$9,277
-34%
$642,800
2%
2020
$14,095
4%
$633,000
—
2020
$13,610
-2%
$634,555
-1%
2019
$13,938
8%
$639,269
3%
2016
$12,900
-7%
$620,068
7%
2017
$13,828
7%
$578,461
3%
2015
$12,940
9%
$563,558
13%
2014
$11,867
5%
$498,643
9%
2013
$11,288
—
$458,286
—
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 #706
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- Single Family
- Active
- Updated 9 hours ago
- 4Beds
- 6Total Baths
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54 Rainey Street #706, Austin, TX 78701 (MLS# 7656455) is a Condo property with 2 bedrooms and 2 full bathrooms. 54 Rainey Street #706 is currently listed for $550,000 and was received on May 11, 2026. Want to learn more about 54 Rainey Street #706? 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.