Milago Condominiums 54 Rainey St Unit 314 Austin, TX 78701
Rainey Street Historic District NeighborhoodEstimated payment $5,734/month
Highlights
- Concierge
- Lake Front
- 24-Hour Security
- Mathews Elementary School Rated A
- Fitness Center
- 4-minute walk to Waller Beach at Town Lake Metropolitan Park
About This Home
Experience the very best of downtown Austin living in this rare 3rd-floor residence at Milago Condominiums. Nestled in the highly sought-after Rainey Street District, this thoughtfully designed two-bedroom, two-bath home combines modern comfort with unbeatable access to Austin’s vibrant urban core.
Step inside to discover an open-concept floor plan featuring a spacious living and dining area, a sleek kitchen with quartz counters, stainless steel appliances, and a large island that doubles as a breakfast bar. Natural light fills the space, while private bedrooms are thoughtfully separated for privacy and convenience.
The highlight of this home is the oversized private patio that seamlessly extends your living space outdoors. Unique to this residence, the patio connects directly to Milago’s 3rd-floor terrace — complete with lounge seating and a community grill — giving you the feeling of an expansive backyard in the heart of the city. With easy access to both the elevator and stairs, you can step outside, entertain, or simply relax without leaving your floor.
Additional features include:
Two reserved garage spaces — a true luxury downtown
Primary suite with walk-in closet and spa-inspired bath
Stacked washer/dryer and wine refrigerator included
Pet-friendly community
Milago residents enjoy an unmatched lifestyle with amenities such as 24-hour security, a rooftop pool and spa with panoramic city and lake views, a fully equipped fitness center, a business lounge, and on-site concierge services. Direct access to the Lady Bird Lake Hike & Bike Trail puts nature at your doorstep, while Rainey Street’s dining, music, and nightlife are just steps away.
Listing Agent
West and Swope Ranches Brokerage Phone: (844) 888-3384 License #0739424 Listed on: 09/22/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $11,441
Year Built
- Built in 2005
Lot Details
- Lake Front
- West Facing Home
HOA Fees
- $900 Monthly HOA Fees
Parking
- 2 Car Garage
- Gated Parking
- Secured Garage or Parking
- Assigned Parking
- Community Parking Structure
Home Design
- Brick Exterior Construction
- Pillar, Post or Pier Foundation
- Stone Siding
- Stucco
Interior Spaces
- 1,164 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Ceiling Fan
- Window Treatments
- Storage
- Stacked Washer and Dryer
- Vinyl Flooring
- Closed Circuit Camera
Kitchen
- Breakfast Bar
- Free-Standing Electric Range
- Range Hood
- Microwave
- Dishwasher
- Wine Refrigerator
- Kitchen Island
- Quartz Countertops
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
- Double Vanity
Outdoor Features
- Spa
- Patio
Schools
- Mathews Elementary School
- O Henry Middle School
- Austin High School
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 02030312160000
Community Details
Overview
- Milago Condominium Association
- Built by Milago
- Milago Condo Amd Subdivision
- On-Site Maintenance
- Community Lake
Amenities
- Concierge
- Community Barbecue Grill
- Business Center
- Meeting Room
- Planned Social Activities
- Service Elevator
- Package Room
- Community Mailbox
- Community Storage Space
Recreation
- Trails
Security
- 24-Hour Security
- Controlled Access
- Carbon Monoxide Detectors
- 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 | $12,750 | $577,317 | $219,150 | $358,167 |
| 2023 | $12,750 | $760,868 | $219,150 | $541,718 |
| 2022 | $14,252 | $721,625 | $219,150 | $502,475 |
| 2021 | $13,056 | $599,818 | $109,575 | $490,243 |
| 2020 | $12,432 | $579,608 | $78,894 | $500,714 |
| 2018 | $12,261 | $553,784 | $65,745 | $488,039 |
| 2017 | $12,156 | $545,060 | $65,745 | $479,315 |
| 2016 | $11,339 | $508,424 | $65,745 | $442,679 |
| 2015 | $10,452 | $496,528 | $65,745 | $430,783 |
| 2014 | $10,452 | $439,206 | $65,745 | $373,461 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/22/2025 09/22/25 | For Sale | $735,000 | +20.7% | $631 / Sq Ft |
| 06/18/2021 06/18/21 | Sold | -- | -- | -- |
| 05/20/2021 05/20/21 | Pending | -- | -- | -- |
| 05/14/2021 05/14/21 | For Sale | $609,000 | +11.2% | $523 / Sq Ft |
| 09/15/2017 09/15/17 | Sold | -- | -- | -- |
| 08/30/2017 08/30/17 | Pending | -- | -- | -- |
| 08/02/2017 08/02/17 | Price Changed | $547,500 | -0.4% | $470 / Sq Ft |
| 07/13/2017 07/13/17 | For Sale | $549,900 | 0.0% | $472 / Sq Ft |
| 07/03/2017 07/03/17 | Off Market | -- | -- | -- |
| 06/28/2017 06/28/17 | For Sale | $549,900 | 0.0% | $472 / Sq Ft |
| 06/16/2017 06/16/17 | Pending | -- | -- | -- |
| 06/12/2017 06/12/17 | For Sale | $549,900 | +57.2% | $472 / Sq Ft |
| 09/27/2012 09/27/12 | Sold | -- | -- | -- |
| 09/01/2012 09/01/12 | Pending | -- | -- | -- |
| 08/31/2012 08/31/12 | For Sale | $349,900 | -- | $301 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Listed On Document | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | Heritage Title | |
| Vendors Lien | -- | Alamo Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $366,300 | New Conventional | |
| Previous Owner | $225,856 | Commercial |
Source: Unlock MLS (Austin Board of REALTORS®)
MLS Number: 5156148
APN: 719535
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