This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/24
$825,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/24
Property Description
Welcome to Milago Unit 922, a spacious 2-bedroom, 2-bath residence offering breathtaking panoramic views of Downtown Austin and Lady Bird Lake. Ideally positioned at the tranquil end of Rainey Street, this premier condo blends peaceful lakeside living with immediate access to Austin's most vibrant dining and entertainment district. This home underwent a comprehensive $150,000 remodel in 2017, completed through a thorough six-month renovation process. Enhancements include new hardwood flooring throughout, reconfigured walls and closets for improved functionality, custom pocket doors, and fully updated bathrooms with new toilets, showers, and modern finishes. The kitchen was completely redesigned with all-new appliances, cabinetry, and countertops, creating a refined, timeless space ideal for everyday living and entertaining. Designed for modern living, the residence features oversized windows with automatic power shades, abundant natural light throughout and seamless indoor-outdoor connection highlighting city and lake views BONUS FEATURES include two premium ground level parking spaces, a dedicated storage unit, refrigerator, and stackable washer/dryer-all included for your convenience. The Milago Condominiums recently completed its first building-wide assessment since original construction, funding major capital improvements including roof replacement and elevator upgrades. The seller has already paid the full assessment for Unit 922, offering peace of mind and value to the next owner. Additionally, the building will soon begin a refresh of common areas and hallways, further enhancing the community's appeal and long-term value. Milago residents enjoy resort-style amenities, including: - Rooftop pool & spa with grilling stations - 2nd-floor fitness center and club room - 1st-floor resident lounge and landscaped outdoor patio - 24-hour concierge service
Full Property Details
Full Property Details for 54 Rainey St #922
General
- Price: $825,000
- HOA FEE: $937/month
- Taxes: $11,896 (2025)
- Status: Active
- Type: Condo
- Source: Austin_MLS
- MLS ID: 4202725
- Updated: 1/4/2026
- Added to Site: 164 day(s) ago
Interior
- Interior Features: Breakfast Bar, Built-in Features, Ceiling Fan(s), High Ceilings, Main Level Primary, Walk-In Closet(s)
- Appliances: Washer/Dryer Stacked, Dishwasher, Electric Range, Disposal, Microwave, Refrigerator, Stainless Steel Appliance(s)
- Flooring: Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
- Bedrooms Main: 2
Other Rooms
- Laundry: In Bathroom, Laundry Closet, Stacked
Additional Information
- Shared Amenities: Concierge
- Shared Pool: Yes
- Pool: Yes
- Pool Description: None, Community
- Security/Safety: Fire Sprinkler System, Secured Garage/Parking, Smoke Detector(s)
Exterior
- Exterior Features: Balcony, Gas Grill, Private Entrance
- Porch/Patio/Deck: None, Balcony
Parking
- Garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Total Spaces: 2
- Parking Features: Assigned, Garage, Covered, Guest
Location
- Area: DT
- County: Travis
- Subdivision: Milago Condo Amd
- Driving Directions: Head southwest on I-35 S, Take exit 236A toward 32nd St/Dean Keeton, Turn right onto River St, At the traffic circle, take the 3rd exit onto Rainey St, Destination will be on the right
- 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 Condo Association
- Assoc. Fees Include: 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: Electricity Connected, Water Connected
Structural Information
- Detached/Attached: Detached
- Construction: See Remarks
- Roof: See Remarks
- Windows: None
- Stories/Levels: 1
- Square Feet: 1,212
- Sq. Ft. Source: Public Records
- Living Area: 1,212 Sq. Ft.
- Year Built: 2005
- Year Built Source: Public Records
- Property Condition: Resale
Additional Structures
- Other Structures: None
Lot Features
- Property View: City Lights, City, Lake, Water
- Lot Size (Acres): 0.007
- Lot Size (Sq. Ft.): 304.92
- Lot Features: None
- Fencing (Description): None
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Name: Lady Bird Lake
- Water Front Desc.: Lake Front
- Lake Front: Yes
Financial Considerations
- Association Fee: $937
- Assoc Fee Freq.: Monthly
- Assessment Amount: $629,413
- Tax Amount: $11,896.95
- Tax Year: 2025
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: UNT 922 MILAGO CONDOMINIUMS AMENDED PLUS .46 % INT IN COM AREA
- Disclosures/Reports: Seller Disclosure
- Property ID: 2030313630000
- Lot Number: 922
Listed by Kuper Sotheby's Int'l Realty
Get Pre-Approved Today
Schools
Schools serving 54 Rainey St #922
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 #922
Date
Details
Price
Change
Source
8/21/2025
Price Reduced
$825,000
-5.71%
MLS
8/06/2025
Listed
$875,000
—
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 #922
Year
Property Taxes
Change
Tax Assessment
Change
2024
$9,499
—
$548,259
-13%
2024
$9,499
-25%
$629,413
-22%
2022
$12,718
—
$804,752
8%
2022
$12,718
-1%
$747,252
13%
2021
$12,824
-10%
$663,208
3%
2020
$14,310
4%
$642,644
—
2020
$13,784
-2%
$642,644
5%
2019
$14,116
14%
$614,882
3%
2016
$12,392
-7%
$595,990
7%
2017
$13,291
3%
$555,667
-1%
2015
$12,903
26%
$561,970
23%
2013
$10,270
—
$458,629
10%
2013
$10,270
—
$416,935
—
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 #922
54 Rainey Street #922, Austin, TX 78701 (MLS# 4202725) is a Condo property with 2 bedrooms and 2 full bathrooms. 54 Rainey Street #922 is currently listed for $825,000 and was received on August 06, 2025. Want to learn more about 54 Rainey Street #922? 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.

