Landlord's Agent in 2026
Michelle Ward, CCS, RENE
Waterloo Realty, LLC
(512) 461-2396
1 in this area
34 Total Sales
Milago Condominiums 54 Rainey St Unit 1117 Austin, TX 78701
Rainey Street Historic District NeighborhoodEstimated Value: $395,135 - $461,000
1
Bed
1
Bath
865
Sq Ft
2005
Built
Highlights
- Concierge
- Pool
- Community Lake
- Mathews Elementary School Rated A
- River View
- 4-minute walk to Waller Beach at Town Lake Metropolitan Park
About This Home
As of June 2026Vibrant downtown living meets the beauty of lakeside Austin. Located in the heart of the Rainey Street Historic District, this updated one-bedroom condo with a dedicated *study* offers the perfect combination of comfort, flexibility, and urban convenience.
An open-concept layout creates a bright, modern feel throughout the home. The kitchen flows seamlessly into the dining and living spaces, making the condo feel spacious and inviting whether you’re entertaining guests or enjoying a quiet evening at home. The well-appointed kitchen features generous storage, granite countertops, stainless steel appliances, and a convenient breakfast bar for casual dining.
The separate study adds exceptional versatility and can easily function as a home office, guest room, creative space, or additional storage area. Large windows invite natural light while offering views of the dynamic downtown surroundings.
Milago residents enjoy a collection of amenities, including a fully equipped fitness center, bike storage, club and party room, concierge service, and multiple outdoor gathering spaces. Relax in the rooftop pool and spa with shaded lounge areas and BBQ grills, gather with friends on the third-floor terrace overlooking Lady Bird Lake, or enjoy direct access to the hike-and-bike trail from the ground-floor lakeside patio.
Just steps from some of Austin’s best restaurants, coffee shops, nightlife, and entertainment, plus convenient access to Royal Blue Grocery, this location truly places the best of downtown at your doorstep. Includes one parking spot.
Experience elevated downtown Austin living at Milago.
Last Agent to Rent the Property
Waterloo Realty, LLC Brokerage Phone: 512-461-2396 License #0586597 Listed on: 05/14/2026
Condo Details
Home Type
- Condominium
Year Built
- Built in 2005
Parking
- 1 Car Garage
Property Views
Home Design
- Brick Exterior Construction
- Frame Construction
- Composition Roof
Interior Spaces
- 865 Sq Ft Home
- 1-Story Property
- Home Office
Kitchen
- Free-Standing Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 1 Primary Bedroom on Main
- 1 Full Bathroom
Pool
Schools
- Mathews Elementary School
- O Henry Middle School
- Austin High School
Additional Features
- Northwest Facing Home
- Central Heating and Cooling System
Listing and Financial Details
- Security Deposit $2,200
- Tenant pays for all utilities
- 12 Month Lease Term
- $40 Application Fee
- Assessor Parcel Number 02030314020000
Community Details
Overview
- Property has a Home Owners Association
- 240 Units
- Milago Condominiums Subdivision
- Property managed by Michelle Ward
- Community Lake
Amenities
- Concierge
Recreation
- Dog Park
- Trails
Pet Policy
- Pets allowed on a case-by-case basis
- Pet Deposit $500
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 24, 2025
Sold by
Bought by
Current Estimated Value
Purchase Details
Closed on
Apr 12, 2024
Sold by
Bought by
Purchase Details
Closed on
Mar 16, 2008
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,750
Interest Rate
0.0516%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 20, 2006
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,900
Interest Rate
0.0912%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Listed On Document | ||
| -- | None Listed On Document | ||
| -- | First American Title | ||
| -- | Alamo Title Company |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $156,750 | ||
| Previous Owner | $241,900 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/29/2026 06/29/26 | Rented | $2,100 | 0.0% | -- |
| 06/21/2026 06/21/26 | Under Contract | -- | -- | -- |
| 05/29/2026 05/29/26 | Price Changed | $2,100 | -4.5% | $2 / Sq Ft |
| 05/14/2026 05/14/26 | For Rent | $2,200 | +4.8% | -- |
| 06/21/2024 06/21/24 | Rented | $2,100 | -4.5% | -- |
| 05/29/2024 05/29/24 | For Rent | $2,200 | -- | -- |
Source: Unlock MLS (Austin Board of REALTORS®)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $8,403 | $410,630 | $162,623 | $248,007 |
| 2023 | $6,712 | $439,230 | ||
| 2022 | $7,886 | $399,300 | $0 | $0 |
| 2021 | $7,901 | $363,000 | $81,312 | $320,649 |
| 2020 | $7,078 | $330,000 | $58,544 | $271,456 |
| 2018 | $8,015 | $362,000 | $48,788 | $313,212 |
| 2017 | $7,895 | $354,000 | $48,788 | $305,212 |
| 2016 | $7,291 | $326,916 | $48,788 | $296,212 |
| 2015 | $4,637 | $297,196 | $48,787 | $283,613 |
| 2014 | $4,637 | $270,178 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Michelle Ward, CCS, RENE
-
Shelli Pauly
Tenant's Agent in 2026
Shelli Pauly
Urbanspace
(512) 457-8884
7 in this area
31 Total Sales
-
Anne Lisa Boone
Buyer's Agent in 2024
Anne Lisa Boone
Waterloo Realty, LLC
(512) 796-6752
31 Total Sales
About Milago Condominiums
Map
Source: Unlock MLS (Austin Board of REALTORS®)
MLS Number: 7187953
APN: 719728
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
Listings courtesy of Unlock MLS (Austin Board of REALTORS®) as distributed by MLS GRID
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