54 Rainey ST # 706 Austin TX 78701 MLS #7656455

MLS #7656455 image #0
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.
Current real estate data for Condo in Austin as of Jun 10, 2026
1,707
Condo Listed
106
Avg DOM
428
Avg $ / SqFt
$550,860
Avg List Price
Listing Provided Courtesy of Spyglass Realty

Property Details

Price:
$550,000
MLS #:
7656455
Status:
Pending
Beds:
2
Baths:
2
Type:
Condo
Subtype:
Condominium
Subdivision:
Milago Condo Amd
Listed Date:
May 11, 2026
Finished Sq Ft:
1,341
Lot Size:
335 sqft / 0.01 acres (approx)
Year Built:
2005
WaterfrontPoolMilago Condo AmdAustin IsdMathewsO HenryAustinLady Bird Lake

Schools

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

Interior

Appliances
Dishwasher, Dryer, Electric Range, Microwave, Oven, Range, Refrigerator, Washer, Washer/Dryer, Wine Cooler, Wine Refrigerator
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Flooring
Tile, Wood
Heating
Central
Interior Features
See Remarks, Bar, Bookcases, Built-in Features, Ceiling Fan(s), Chandelier, Granite Counters, Stone Counters, Pantry, Primary Bedroom on Main, Walk-In Closet(s)
Levels
One
Main Level Bedrooms
2

Exterior

Accessibility Features
See Remarks
Community Features
See Remarks, Fitness Center, Park, Pool
Covered Spaces
2
Direction Faces
SW
Exterior Features
Balcony, See Remarks
Fencing
None
Garage Spaces
2
Lot Features
City Lot, Near Public Transit, See Remarks
Other Structures
See Remarks
Parking Features
Assigned, Garage, See Remarks
Patio And Porch Features
Covered, Terrace, See Remarks
Roof
Flat Tile
View
City, City Lights, Downtown, Lake, River, Skyline
Waterfront Features
Waterfront
Window Features
See Remarks

Financial

HOA Fee
$965
HOA Fee Frequency
Monthly
HOA Includes
Common Area Maintenance, Maintenance Grounds, Maintenance Structure, See Remarks
HOA Name
Milago HOA
Taxes
$16,395

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Property Summary

    Located in the Milago Condo Amd subdivision, 54 Rainey ST # 706 Austin TX is a Condo for sale in Austin, TX, 78701. It is listed for $550,000 and features 2 beds, 2 baths, and has approximately 1,341 square feet of living space, and was originally constructed in 2005. The current price per square foot is $410. The average price per square foot for Condo listings in Austin is $428. The average listing price for Condo in Austin is $550,860. To schedule a showing of MLS#7656455 at 54 Rainey ST # 706 in Austin, TX, contact your Compass RE Texas, LLC agent at 5126982822.

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