54 Rainey ST # 1018 Austin TX 78701 MLS #2440461

MLS #2440461 image #0
Experience elevated downtown living at Milago, where style, space, and sweeping views come together in one exceptional residence. This beautifully appointed 3-bedroom, 2.5-bath condo offers nearly 2,000 square feet (1,956 SF) of light-filled living space in one of Austin’s most desirable waterfront buildings.

From the moment you enter, you’re greeted by expansive windows that flood the home with natural light and frame stunning views the downtown skyline and Lady Bird Lake. Rich wood flooring runs throughout, creating a warm, cohesive feel across the open-concept living and dining areas—perfect for entertaining or simply enjoying the view.

The gorgeous kitchen is both functional and refined, featuring quartz countertops, a custom backsplash, an extra-deep sink, and abundant cabinet space for effortless organization. Whether you’re hosting friends before a night out or preparing a quiet dinner at home, this kitchen is designed to impress.

The spacious primary suite offers a true retreat, complete with a luxurious ensuite bath boasting a double vanity, large soaking tub, and separate walk-in shower. Two additional bedrooms provide flexibility for guests, a home office, or a dedicated fitness or media space.

Located just steps from the Town Lake Trail, you’ll have immediate access to miles of scenic waterfront paths, along with some of Austin’s best dining, shopping, and entertainment. Residents of Milago enjoy premium amenities including a beautiful pool and a fully equipped fitness center.

This is downtown Austin living at its finest—spacious, sophisticated, and perfectly positioned to enjoy the best of the city.
Current real estate data for Condo in Austin as of Apr 29, 2026
1,709
Condo Listed
100
Avg DOM
443
Avg $ / SqFt
$579,394
Avg List Price
Listing Provided Courtesy of Compass RE Texas, LLC

Property Details

Price:
$989,000
MLS #:
2440461
Status:
Active
Beds:
3
Baths:
2.5
Type:
Condo
Subtype:
Condominium
Subdivision:
Milago Condo Amd
Listed Date:
Mar 5, 2026
Finished Sq Ft:
1,956
Lot Size:
492 sqft / 0.01 acres (approx)
Year Built:
2005
WaterfrontLakefrontPoolMilago Condo AmdAustin IsdMathewsO HenryAustinLady Bird Lake

Schools

School District:
Austin ISD
Elementary School:
Mathews
Middle School:
O Henry
High School:
Austin

Interior

Appliances
Built-In Electric Range, Dishwasher
Bathrooms
2 Full Bathrooms, 1 Half Bathroom
Cooling
Other
Flooring
See Remarks
Heating
Central
Interior Features
See Remarks
Levels
One
Main Level Bedrooms
3

Exterior

Accessibility Features
See Remarks
Community Features
BBQ Pit/Grill, Bike Storage/Locker, Business Center, Concierge, Fitness Center, Garage Parking, Pool
Covered Spaces
2
Direction Faces
NW
Exterior Features
Balcony
Fencing
None
Garage Spaces
2
Lot Features
See Remarks
Other Structures
None
Parking Features
Garage, Reserved
Patio And Porch Features
See Remarks
Roof
Built-Up
View
City, Downtown, Hill Country, Lake, Skyline
Waterfront Features
Lake Front
Window Features
Double Pane Windows

Financial

HOA Fee
$1,511
HOA Fee Frequency
Monthly
HOA Includes
See Remarks
HOA Name
Milago Condominiums

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Property Summary

    Located in the Milago Condo Amd subdivision, 54 Rainey ST # 1018 Austin TX is a Condo for sale in Austin, TX, 78701. It is listed for $989,000 and features 3 beds, 3 baths, and has approximately 1,956 square feet of living space, and was originally constructed in 2005. The current price per square foot is $506. The average price per square foot for Condo listings in Austin is $443. The average listing price for Condo in Austin is $579,394. To schedule a showing of MLS#2440461 at 54 Rainey ST # 1018 in Austin, TX, contact your Compass RE Texas, LLC agent at 5126982822.

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