MLS# 6916651 - 54 Rainey Street #ph20, Austin, TX 78701

$509,000
Bed: 1
Bath: 1
Sqft: 798
Est. $1,874 / mo.*
59 Days On Market

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Property listed by Christies Intl Real Estate Lone Star 512-270-8586 (512) 663-8881

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Status: Active
Property Type: Condominium
Year Built: 2005
Neighborhood: Milago Condo Amd
Days On Website: 59

Property Details for 54 Rainey Street #ph20, Austin, TX 78701

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.

Appliances & Equipment

  • BuiltInOven
  • WasherDryerStacked
  • Dishwasher
  • EnergyStarQualifiedAppliances
  • FreeStandingRange
  • Disposal
  • Refrigerator

Bathrooms

  • 1 total bathroom
  • 1 full bathroom

Bedrooms

  • 1 total bedroom
  • 1 main level bedroom

Building

  • Built in 2005
  • Living area: 798.0
  • Building faces Southwest
  • Levels: One
  • Construction Materials: Masonry

Community

  • Barbecue
  • BusinessCenter
  • BicycleStorage
  • Concierge
  • FitnessCenter
  • Gated
  • PackageService
  • PropertyManagerOnSite
  • Pool
  • TrailsPaths

Disclosures

  • SellerDisclosure

Accessibility Features

  • None

Energy Saving

  • Energy Efficiency: Appliances

Exterior Features

  • Balcony

Fence

  • None

Fireplaces

  • None

Floors

  • Carpet
  • Slate
  • Wood

Foundation

  • Slab

Garage

  • 1 spaces

Heating

  • Central

Home Owner's Association

  • Association Fee: $661
  • Fee Frequency: Monthly
  • Fee Includes: CommonAreaMaintenance, Insurance, Parking, Trash
  • Amenities: Concierge

Interior Features

  • BreakfastBar
  • GraniteCounters
  • HighCeilings
  • MainLevelPrimary

Laundry

  • LaundryCloset
  • Stacked

Listing

  • Listing ID: 6916651
  • Standard Status: Active
  • MLS Status: Active
  • Property Subtype: Condominium
  • On market as of 2026-08-22
  • 56 days on market
  • Special Conditions: Standard

Location

  • Subdivision: Milago Condo Amd
  • MLS Area (Major): DT
  • County/Parish: Travis

Lot

  • BacksToGreenbeltPark

Parking

  • 1 covered spaces
  • Assigned

Pool

  • None
  • Community

Possession

  • ClosingAndFunding
  • CloseOfEscrow

Property

  • Resale
  • Lake
  • Panoramic
  • River

Roof

  • SeeRemarks

Schools

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

Sewer

  • PublicSewer

Taxes

  • Parcel Number: 02030314410000
  • Annual Amount: $7,709.97
  • Assessed Value: $428,291
  • Legal Description: UNT PH20 MILAGO CONDOMINIUMS AMENDED PLUS .303 % INT IN COM AREA
  • Lot: PH20
  • Year: 2026

Utilities

  • ElectricityAvailable
  • SewerAvailable
  • WaterAvailable
  • Water Source: Public

Water Features

  • Water Body Name: Lady Bird Lake
  • LakeFront

Map View

$509,000 - 54 Rainey Street #ph20, Austin, TX 78701

Street View

Directions

54 Rainey Street #ph20
Austin, TX 78701
Subdivision: Milago Condo Amd