54 Rainey ST Austin TX 78701 | MLS #6916651

MLS #6916651 image #0
A rare opportunity to live on the Penthouse Floor at Milago, where elevated downtown living meets the tranquility of Lady Bird Lake. Set on the building’s private top residential floor, this distinctive one-bedroom residence offers 10-foot ceilings, professionally designed walk-in closet, added security and an exceptional 165-square-foot double covered balcony with beautiful lake views—creating a seamless extension of the living space.

The penthouse floor has just undergone a beautiful renovation of its common areas, adding a fresh, sophisticated arrival experience exclusive to this level. Throughout Milago, additional common spaces are also in the midst of an extensive renovation, bringing a new level of style and refinement to the building.

Inside, fresh interior paint creates polished feel, while the kitchen features granite countertops, modern cabinetry and stainless steel appliances. Dining area offers generous space for entertaining, working from home or simply enjoying the luxury of extra room.

Just above, escape to the rooftop pool and hot tub, where sweeping skyline views provide a spectacular backdrop for morning swims or evenings under the city lights. Residents also enjoy a private lounge, clubroom, conference space, fitness center and 24-hour concierge. Parking and Storage.
Current real estate data for Condo in Austin as of Sep 18, 2026
1,501
Condo Listed
119
Avg DOM
421
Avg $ / SqFt
$555,283
Avg List Price
Listing Provided Courtesy of Christies Intl Real Estate Lone Star

Property Details

Price:
$509,000
MLS #:
6916651
Status:
Active
Beds:
1
Baths:
1
Type:
Condo
Subtype:
Condominium
Subdivision:
Milago Condo Amd
Listed Date:
Aug 22, 2026
Finished Sq Ft:
798
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 Oven(s), Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Free-Standing Range, Refrigerator, Washer/Dryer Stacked
Bathrooms
1 Full Bathroom
Cooling
Central Air
Flooring
Carpet, Slate, Wood
Heating
Central
Interior Features
Breakfast Bar, High Ceilings, Primary Bedroom on Main, Granite Counters
Levels
One
Main Level Bedrooms
1

Exterior

Accessibility Features
None
Community Features
BBQ Pit/Grill, Bike Storage/Locker, Business Center, Concierge, Fitness Center, Gated, Package Service, Pool, Property Manager On-Site, Spa/Hot Tub
Covered Spaces
1
Direction Faces
SW
Exterior Features
Balcony
Fencing
None
Garage Spaces
1
Lot Features
Back to Park/Greenbelt
Other Structures
None
Parking Features
Reserved
Patio And Porch Features
None
Roof
See Remarks
View
Lake, Panoramic, River
Waterfront Features
Lake Front
Window Features
Window Treatments

Financial

HOA Fee
$661
HOA Fee Frequency
Monthly
HOA Includes
Common Area Maintenance, Insurance, Parking, Trash
HOA Name
Milago
Taxes
$7,710

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Property Summary

    Located in the Milago Condo Amd subdivision, 54 Rainey ST Austin TX is a Condo for sale in Austin, TX, 78701. It is listed for $509,000 and features 1 beds, 1 baths, and has approximately 798 square feet of living space, and was originally constructed in 2005. The current price per square foot is $638. The average price per square foot for Condo listings in Austin is $421. The average listing price for Condo in Austin is $555,283. To schedule a showing of MLS#6916651 at 54 Rainey ST in Austin, TX, contact your Compass RE Texas, LLC agent at 5126982822.

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