54 Rainey ST, Austin TX 78701

  • $509,000

Overview

  • Condominium
  • Property Type
  • 1
  • Bedroom
  • 1
  • Bathroom
  • 798
  • Sq Ft
  • 2005
  • Year Built

Description

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.

Interior Features

Living Area
798
Price per Sqft
637.84
Levels
One
Living Room
1
Flooring
Carpet, Slate, Wood
# Other Level Beds
0
Dining Rooms
1
Main Level Bedrooms
1
Bedrooms
1
Full Bathrooms
1
Half Bathrooms
0
Total Bathrooms
1
Fireplace
0
Laundry Location
Laundry Closet
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Patio And Porch Features
None
Window Features
Window Treatments
Interior Features
Breakfast Bar, High Ceilings, Primary Bedroom on Main, Granite Counters
Appliances
Built-In Oven(s), Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Free-Standing Range, Refrigerator, Washer/Dryer Stacked

Utilities

Utilities
Electricity Available, Other, Sewer Available, Water Available

Exterior Features

Roof
See Remarks
Waterfront
Yes
Waterfront Features
Lake Front
Property Condition
Resale
Foundation Details
Slab
View
No
Fencing
None
Water Source
Public
Other Structures
None
Spa Features
Parking Features
Reserved
Pool
No
Lot Size
0.00 Acres
Sewer
Public Sewer
Exterior Features
Balcony

School Information

Elementary School
Mathews
Middle School
O Henry
High School
Austin

Other Property Details

MLSⓇ ID
6916651
MLS Board
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Direction Faces
SW
Community Features
BBQ Pit/Grill, Bike Storage/Locker, Business Center, Concierge, Fitness Center, Gated, Package Service, Pool, Property Manager On-Site, Spa/Hot Tub
Accessibility Features
None
Lot Features
Back to Park/Greenbelt
FEMA Flood Plain
No

TAX Details*

Annual Tax Amount
$7,709.97
Estimated Taxes
$7,709.97

HOA Details

HOA Name
Milago
HOA Fees
$661.00
HOA Fee Frequency
Monthly

Listing Details

Data Source
Unlock MLS
List Agent MLS ID
591545
List Agent Name
Jonna Juul-Hansen
Listing Broker
Christies Intl Real Estate Lone Star
Contractual Search Date / Listed
2026-08-22

Other Details

Pets Allowed
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Amit Shanghvi

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