Milago Condominiums 54 Rainey St Unit 1018 Austin, TX 78701
Rainey Street Historic District NeighborhoodEstimated payment $7,535/month
Highlights
- Popular Property
- Concierge
- Fitness Center
- Mathews Elementary School Rated A
- Lake Front
- 4-minute walk to Waller Beach at Town Lake Metropolitan Park
About This Home
Experience elevated downtown living at Milago, where style, space, and sweeping views come together in one exceptional residence. This beautifully appointed 3-bedroom, 2.5-bath condo offers nearly 2,000 square feet (1,956 SF) of light-filled living space in one of Austin’s most desirable waterfront buildings. From the moment you enter, you’re greeted by expansive windows that flood the home with natural light and frame stunning views the downtown skyline and Lady Bird Lake. Rich wood flooring runs throughout, creating a warm, cohesive feel across the open-concept living and dining areas—perfect for entertaining or simply enjoying the view. The gorgeous kitchen is both functional and refined, featuring quartz countertops, a custom backsplash, an extra-deep sink, and abundant cabinet space for effortless organization. Whether you’re hosting friends before a night out or preparing a quiet dinner at home, this kitchen is designed to impress. The spacious primary suite offers a true retreat, complete with a luxurious ensuite bath boasting a double vanity, large soaking tub, and separate walk-in shower. Two additional bedrooms provide flexibility for guests, a home office, or a dedicated fitness or media space. Located just steps from the Town Lake Trail, you’ll have immediate access to miles of scenic waterfront paths, along with some of Austin’s best dining, shopping, and entertainment. Residents of Milago enjoy premium amenities including a beautiful pool and a fully equipped fitness center. This is downtown Austin living at its finest—spacious, sophisticated, and perfectly positioned to enjoy the best of the city.
Listing Agent
Compass RE Texas, LLC Brokerage Phone: (512) 769-1695 License #0585248 Listed on: 03/05/2026
Property Details
Home Type
- Condominium
Year Built
- Built in 2005
Lot Details
- Lake Front
- Northwest Facing Home
HOA Fees
- $1,511 Monthly HOA Fees
Parking
- 2 Car Garage
- Reserved 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
- Double Pane Windows
- Laundry in unit
Kitchen
- Built-In Electric Range
- Dishwasher
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
Schools
- Mathews Elementary School
- O Henry Middle School
- Austin High School
Additional Features
- Central Heating
Listing and Financial Details
- Assessor Parcel Number 02030313820000
Community Details
Overview
- Milago Condominiums Association
- Milago Condo Amd Subdivision
Amenities
- Concierge
- Community Barbecue Grill
- Business Center
Recreation
- Trails
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 | $11,211 | $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 | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/05/2026 03/05/26 | For Sale | $989,000 | +21.3% | $506 / Sq Ft | |
| 10/15/2020 10/15/20 | Sold | -- | -- | -- | View Prior Sale |
| 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 | -- | -- | -- | View Prior Sale |
| 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 |
Source: Unlock MLS (Austin Board of REALTORS®)
MLS Number: 2440461
APN: 719708
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Ask me questions while you tour the home.