Milago Condominiums 54 Rainey St Unit 1018 Austin, TX 78701
Rainey Street Historic District NeighborhoodEstimated payment $7,796/month
Highlights
- Concierge
- Lake Front
- Building Security
- Mathews Elementary School Rated A
- Fitness Center
- 4-minute walk to Waller Beach at Town Lake Metropolitan Park
About This Home
Ideally situated on a high floor of the Milago, this expansive 1,956 SF corner residence offers unobstructed views of the Austin skyline and Lady Bird Lake. With a flexible layout featuring three bedrooms (or two with home office or study) this home is thoughtfully designed for both comfort and sophistication. The open-concept living and dining areas flow into the kitchen with generous counter space, stainless steel appliances, and a large pantry. The primary suite is a true retreat, complete with a walk-in closet, private balcony, and a spacious spa-like bath featuring a soaking tub, glass-enclosed shower, dual vanity, and great storage. The second bedroom includes its own en-suite bath, providing comfort and privacy for guests. Additional features include two reserved parking spaces and a private storage unit.
Perhaps one of the best secrets in town, The Milago is located on the quiet end of Rainey Street with direct access to the Hike & Bike Trail while being steps away from restaurants, bars, and entertainment, offering a rare balance of lakeside calm and downtown connectivity. The building's full-service amenities include a 24-hour concierge, rooftop pool and spa, fitness center, business center, third-floor terrace with BBQ and seating, and secure bike storage.
Listing Agent
Urbanspace Brokerage Phone: (512) 457-8884 License #0739700 Listed on: 07/09/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $12,107
Year Built
- Built in 2006
Lot Details
- Lake Front
- Northwest Facing Home
- Landscaped
- Many Trees
HOA Fees
- $1,511 Monthly HOA Fees
Parking
- 2 Car Garage
- Gated Parking
- Secured Garage or Parking
- Assigned Parking
- Community Parking Structure
Property Views
- Hills
Home Design
- Brick Exterior Construction
- Pillar, Post or Pier Foundation
- Built-Up Roof
- Stone Siding
- Stucco
Interior Spaces
- 1,956 Sq Ft Home
- 1-Story Property
- Open Floorplan
- High Ceiling
- Ceiling Fan
- Blinds
- Storage
- Stacked Washer and Dryer
Kitchen
- Breakfast Bar
- Built-In Electric Oven
- Built-In Range
- Microwave
- Dishwasher
- Quartz Countertops
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- Walk-In Closet
- Double Vanity
Home Security
Eco-Friendly Details
- Energy-Efficient Windows
Outdoor Features
- Spa
- Covered Patio or Porch
Schools
- Mathews Elementary School
- O Henry Middle School
- Austin High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 54 Rainey St #1018
Community Details
Overview
- Association fees include common area maintenance, ground maintenance, maintenance structure, parking, security
- Milago Condominium Association
- Milago Condominium Subdivision
- Lock-and-Leave Community
- Community Lake
Amenities
- Concierge
- Rooftop Deck
- Sundeck
- Community Barbecue Grill
- Common Area
- Recycling
- Business Center
- Meeting Room
- Lounge
- Package Room
- Community Mailbox
- Community Storage Space
Recreation
- Park
- Trails
Security
- Building Security
- Resident Manager or Management On Site
- Card or Code Access
- Gated Community
- Fire and Smoke Detector
- Fire Sprinkler System
Map
About Milago Condominiums
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,107 | $869,981 | $367,890 | $502,091 |
| 2023 | $12,315 | $948,640 | $0 | $0 |
| 2022 | $21,846 | $862,400 | $0 | $0 |
| 2021 | $17,065 | $784,000 | $183,945 | $600,055 |
| 2020 | $19,441 | $906,400 | $132,441 | $773,959 |
| 2018 | $18,841 | $851,000 | $110,367 | $740,633 |
| 2017 | $17,618 | $790,000 | $110,367 | $679,633 |
| 2016 | $16,771 | $752,000 | $110,367 | $641,633 |
| 2015 | $14,822 | $710,000 | $110,367 | $599,633 |
| 2014 | $14,822 | $663,280 | $110,367 | $552,913 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/07/2025 08/07/25 | Price Changed | $999,000 | -7.4% | $511 / Sq Ft |
| 07/09/2025 07/09/25 | For Sale | $1,079,000 | +32.4% | $552 / Sq Ft |
| 10/15/2020 10/15/20 | Sold | -- | -- | -- |
| 09/25/2020 09/25/20 | Off Market | -- | -- | -- |
| 09/15/2020 09/15/20 | Price Changed | $815,000 | -1.2% | $417 / Sq Ft |
| 08/21/2020 08/21/20 | For Sale | $825,000 | +13.2% | $422 / Sq Ft |
| 11/21/2013 11/21/13 | Sold | -- | -- | -- |
| 11/12/2013 11/12/13 | Pending | -- | -- | -- |
| 10/07/2013 10/07/13 | Price Changed | $729,000 | -1.5% | $373 / Sq Ft |
| 09/17/2013 09/17/13 | Price Changed | $740,000 | -1.3% | $378 / Sq Ft |
| 08/23/2013 08/23/13 | For Sale | $750,000 | -- | $383 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Heritage Title | |
| Warranty Deed | -- | Itc | |
| Special Warranty Deed | -- | Alamo Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $548,250 | New Conventional | |
| Previous Owner | $424,200 | Commercial | |
| Previous Owner | $50,000 | Commercial |
Source: Unlock MLS (Austin Board of REALTORS®)
MLS Number: 5853750
APN: 719708
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