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$475,000 Just Listed
Property Description
Enjoy a front-row seat to Lady Bird Lake from this ninth-floor residence at Milago, where panoramic water views and abundant natural light create an inviting retreat in the heart of downtown Austin. Expansive windows frame the lake from nearly every room, while a private balcony extends the living space outdoors, offering a beautiful setting to take in the views and enjoy the waterfront surroundings. Streamlined for comfort and convenience, Unit 920 features an open, efficient floor plan that makes the most of its space and exceptional setting. Whether enjoyed as a full-time residence, weekend getaway or lock-and-leave retreat, the home offers an appealing balance of urban living and everyday comfort. Milago's amenities further enhance the experience, with a rooftop pool offering sweeping views of the lake and downtown skyline, a fitness center, concierge services and inviting common areas. Just outside the building, the Lady Bird Lake hike-and-bike trail invites morning walks, afternoon bike rides and easy access to Austin's waterfront parks and green spaces. In the other direction, the vibrant Rainey Street District offers an eclectic collection of restaurants, coffee shops and entertainment, all within easy walking distance. With its exceptional waterfront location, captivating lake views and proximity to downtown Austin's dining, entertainment and cultural destinations, Milago Unit 920 offers a distinctive opportunity to enjoy the best of Austin's urban and outdoor lifestyles.
Full Property Details
Full Property Details for 54 Rainey St #920
General
- Price: $475,000
- HOA FEE: $622/month
- Taxes: $7,259 (2026)
- Status: Active
- Type: Condo
- Source: Austin_MLS
- MLS ID: 7555409
- Updated: 10/16/2026
- Added to Site: 1 day(s) ago
Interior
- Interior Features: Breakfast Bar, Granite Counters, Main Level Primary, No Interior Steps, Track Lighting, Walk-In Closet(s)
- Fireplace(s): None
- Appliances: Washer/Dryer Stacked, Dishwasher, Free-Standing Range, Disposal, Microwave, Refrigerator
- Flooring: Vinyl
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 1
- Bedrooms Main: 1
Other Rooms
- Laundry: In Unit, Stacked
Additional Information
- Shared Amenities: Concierge
- Pool: Yes
- Private Pool: Yes
- Pool Description: Roof Top, See Remarks
- Spa Description: None
- Security/Safety: Prewired, Security System, Building Security, Secured Garage/Parking, Key Card Entry
Exterior
- Exterior Features: Balcony, Boat Ramp
- Porch/Patio/Deck: Covered, Patio, Balcony
Parking
- Garage: Yes
- Garage Spaces: 1
- Covered Spaces: 1
- Total Spaces: 1
- Parking Features: Assigned, Guest
Location
- Area: DT
- County: Travis
- Subdivision: Milago Condo Amd
- Driving Directions: 35 to Cesar Chavez/Holly St. Head east on Holly St. Make a left on Rainey St. Milago is on the right. Park in visitor parking in the Milago garage or on the street.
- Direction Faces: Northwest
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 Condominiums
- Assoc. Fees Include: Common Area Maintenance, Insurance, Maintenance Grounds, Maintenance Structure
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Cable Available: Yes
- Utility Description: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected
Structural Information
- Detached/Attached: Detached
- Construction: See Remarks
- Roof: See Remarks
- Windows: None
- Stories/Levels: 1
- Square Feet: 750
- Sq. Ft. Source: Public Records
- Living Area: 750 Sq. Ft.
- Year Built: 2005
- Year Built Source: Public Records
- Property Condition: Resale
Additional Structures
- Other Structures: None
Lot Features
- Property View: City, Park/Greenbelt, Lake, Panoramic, River
- Lot Size (Acres): 0.004
- Lot Size (Sq. Ft.): 174.24
- Lot Features: Backs to Greenbelt/Park, Views
- Fencing (Description): None
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Name: Lake Austin
- Water Front Desc.: River Front, Boat Ramp/Lift Access
Financial Considerations
- Association Fee: $622
- Assoc Fee Freq.: Monthly
- Assessment Amount: $342,482
- Tax Amount: $7,259.15
- Tax Year: 2026
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Aerial, HOA Documents
- Legal Description: UNT 920 MILAGO CONDOMINIUMS AMENDED PLUS .285 % INT IN COM AREA
- Disclosures/Reports: None
- Property ID: 2030313610000
- Lot Number: 920
Listed by Compass RE Texas, LLC
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Schools
Schools serving 54 Rainey St #920
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 #920
Date
Details
Price
Change
Source
10/15/2026
Listed
$475,000
—
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 #920
Year
Property Taxes
Change
Tax Assessment
Change
2024
$9,047
—
$366,714
-20%
2024
$9,047
-10%
$456,522
-15%
2022
$10,049
—
$537,962
6%
2022
$10,049
10%
$508,815
21%
2021
$9,129
15%
$419,400
18%
2020
$7,943
4%
$356,733
—
2020
$7,651
-2%
$356,733
-8%
2019
$7,836
6%
$386,709
11%
2016
$7,404
-11%
$349,000
5%
2017
$8,363
10%
$332,000
1%
2015
$7,577
12%
$330,000
10%
2013
$6,789
—
$300,203
9%
2013
$6,789
—
$275,611
—
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 #920
54 Rainey Street #920, Austin, TX 78701 (MLS# 7555409) is a Condo property with 1 bedroom and 1 full bathroom. 54 Rainey Street #920 is currently listed for $475,000 and was received on October 15, 2026. Want to learn more about 54 Rainey Street #920? 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.
