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$359,900 Just Listed
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Property Description
Enjoy the best of downtown Austin living in this 1-bedroom, 1-bath condo at Milago Condominiums. Located on vibrant Rainey St. with direct access to Lady Bird Lake & Trail, this residence offers an open floor plan, abundant natural light, and one reserved parking space in the gated garage. Amenities include a rooftop pool and spa, fitness center, club room, 1st floor lounge looking out to a private patio, the trail and lake as well as concierge service and secure access 24/7. Walk to dining, entertainment, nightlife and outdoor recreation while enjoying a lock-and-leave lifestyle. Milago is the only condo downtown situated right on the lake and trail.
Full Property Details
Full Property Details for 54 Rainey St #811
General
- Price: $359,900
- HOA FEE: $627/month
- Taxes: $6,936 (2025)
- Status: Active
- Type: Condo
- Source: Austin_MLS
- MLS ID: 2641435
- Updated: 6/8/2026
- Added to Site: 4 day(s) ago
Interior
- Interior Features: Breakfast Bar, Open Floorplan, See Remarks
- Appliances: Washer/Dryer Stacked, Free-Standing Electric Oven, Free-Standing Electric Range, Free-Standing Refrigerator
- Flooring: Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 1
- Bedrooms Main: 1
Other Rooms
- Laundry: Laundry Closet, In Unit, Stacked
Additional Information
- Shared Amenities: Concierge
- Shared Pool: Yes
- Pool: Yes
- Pool Description: None, Community
- Spa Description: Community
- Security/Safety: Building Security, Closed Circuit Camera(s), Smoke Detector(s), Controlled Access
Exterior
- Exterior Features: Balcony, See Remarks
- Porch/Patio/Deck: Covered, See Remarks, Balcony
Parking
- Garage: Yes
- Garage Spaces: 1
- Covered Spaces: 1
- Total Spaces: 1
- Parking Features: Garage, Gated, Covered, Guest
Location
- Area: DT
- County: Travis
- Subdivision: Milago Condo Amd
- Driving Directions: From Downtown on Cesar Chavez, turn South (Right) on Red River, Left on Davis, Right on Rainey St. Milago is at the end of Rainey St on the right. Park on the street OR in the Guest Garage to the right of the entrance door.
- 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
- Gated community: Yes
- Association: Yes
- Assoc. Name: Milago Condominium
- Assoc. Fees Include: Common Area Maintenance, Insurance, Maintenance Grounds, Maintenance Structure, Parking, Security
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Electric
- Heating Type: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Cable Available: Yes
- Utility Description: Cable Available, Electricity Available, Sewer Connected, Water Available
Structural Information
- Detached/Attached: Detached
- Construction: Brick, Stone, Stucco
- Roof: Built-Up
- Windows: Window Coverings
- 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: See Remarks
Lot Features
- Property View: Neighborhood
- Lot Size (Acres): 0.0044
- Lot Size (Sq. Ft.): 191.66
- Street Lights: Yes
- Sidewalks: Yes
- Lot Features: Many Trees, See Remarks
- Fencing (Description): None
Water Features
- Water Front: Yes
- Water Front Name: Lady Bird Lake
- Water Front Desc.: Lake Front, River Front
- Lake Front: Yes
Financial Considerations
- Association Fee: $627
- Assoc Fee Freq.: Monthly
- Assessment Amount: $338,970
- Tax Amount: $6,936.97
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: HOA Documents
- Legal Description: UNT 811 MILAGO CONDOMINIUMS AMENDED PLUS .287 % INT IN COM AREA
- Disclosures/Reports: Seller Disclosure
- Property ID: 2030313290000
- Lot Number: 811
Listed by Brauman Realty, Inc
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Schools
Schools serving 54 Rainey St #811
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 #811
Date
Details
Price
Change
Source
6/05/2026
Listed
$359,900
—
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 #811
Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,033
—
$338,970
-4%
2024
$7,033
33%
$354,895
-22%
2022
$5,270
—
$457,206
7%
2022
$5,270
-2%
$428,788
50%
2021
$5,391
-24%
$286,700
-10%
2020
$7,054
4%
$316,800
—
2020
$6,795
-2%
$316,892
-5%
2019
$6,961
-5%
$332,000
2%
2016
$7,364
-7%
$325,000
-2%
2017
$7,895
13%
$330,222
8%
2015
$6,995
9%
$304,654
13%
2014
$6,421
5%
$269,796
9%
2013
$6,118
—
$248,359
—
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 #811
54 Rainey Street #811, Austin, TX 78701 (MLS# 2641435) is a Condo property with 1 bedroom and 1 full bathroom. 54 Rainey Street #811 is currently listed for $359,900 and was received on June 05, 2026. Want to learn more about 54 Rainey Street #811? 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.

