54 Rainey ST #416 Austin, TX 78701 Price Dropped by $2K

UPDATED: 03/03/2026 04:04 PM ON MARKET: 120 days on market

$446,000

1 Bed1 Bath852 SqFt

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 852 sqft

Price per Sqft $523

Subdivision Milago Condo Amd

MLS Listing ID 7559774

Style High Rise (8-13 Stories)

Bedrooms 1

Full Baths 1

HOA Fees $657/mo

HOA Y/N Yes

Year Built 2005

Annual Tax Amount $7,360

Tax Year 2025

Lot Size 213 Sqft

Acres 0.0049

Property Sub-Type Condominium

Source actris

Location

State TX

County Travis

Rooms

Main Level Bedrooms 1

Interior

Interior Features Breakfast Bar,Built-in Features,Ceiling Fan(s),Ceiling-High,Granite Counters,Open Floorplan,Primary Bedroom on Main,Soaking Tub,Stackable W/D Connections,Walk-In Closet(s)

Heating Central

Cooling Central Air

Flooring Tile,Wood

Fireplace No

Appliance Dishwasher,Disposal,Dryer,Electric Range,Exhaust Fan,Microwave,Range,Refrigerator,Washer,Washer/Dryer Stacked

Exterior

Exterior Feature Balcony

Garage Spaces 1.0

Fence None

Pool None

Community Features BBQ Pit/Grill,Bike Storage/Locker,Clubhouse,Cluster Mailbox,Common Grounds,Concierge,Conference/Meeting Room,Controlled Access,Courtyard,Covered Parking,Fitness Center,Garage Parking,Gated,Package Service,Picnic Area,Pool,Hot Tub,Trail(s)

Utilities Available Electricity Connected,Sewer Connected,Water Connected

Waterfront Description Lake Front,Waterfront

View Garden,Lake,Park/Greenbelt,Trees/Woods

Roof Type Membrane

Porch Covered

Total Parking Spaces 1

Private Pool No

Building

Lot Description Greenbelt,Landscaped,Many Trees

Faces West

Foundation Slab

Sewer Private Sewer

Water Private

Level or Stories One

Structure Type Brick,Concrete,Glass,Stucco

New Construction No

Schools

Elementary Schools Mathews

Middle Schools O Henry

High Schools Austin

School District Austin Isd

Others

HOA Fee Include Common Area Maintenance,Maintenance Grounds,Maintenance Structure,Parking,Security,Trash

Special Listing Condition Standard

Property Description

Experience refined urban living in this stunning west-facing one-bedroom condo with an additional flex space and captivating views. Step inside to find the timeless charm of rich wood floors, gleaming granite countertops, and a kitchen outfitted with sleek stainless steel appliances. A stacked washer and dryer complete the modern conveniences.
The Milago's amenities set the standard for downtown luxury, enjoy a rooftop terrace with a pool, hot tub, and BBQ grills, a well-equipped fitness center, elegant club room, ground-floor lounge, inviting patio, and 24/7 concierge service.
Nestled in the heart of the vibrant Rainey Street District and just steps from Lady Bird Lake, you'll have premier access to local favorites like Royal Blue Grocery, Emmer & Rye, Geraldine's, Cuvee Coffee, and the Limestone Rooftop Bar. Whether you're savoring the nightlife or exploring the scenic hike and bike trail, paddleboarding, or kayaking, everything you love about Austin is right at your doorstep.
Reserved parking space #241 and storage unit #91 add convenience to this true lock-and-leave lifestyle. Discover the perfect blend of sophistication, comfort, and location. Welcome home to Milago Condominiums.