$494,000 - $563,000
RENTED FEB 24, 2025

Milago Condominiums 54 Rainey St Unit 513 Austin, TX 78701

Rainey Street Historic District Neighborhood
2 Beds
2 Baths
1,164 Sq Ft
292 Sq Ft Lot

Last Sold December 30, 2024

Current estimated payment $3,529/month

Highlights

  • Concierge
  • 24-Hour Security
  • River Front
  • Mathews Elementary School Rated A
  • Spa
  • 4-minute walk to Waller Beach at Town Lake Metropolitan Park

About This Home

As of February 2025

Located within Austin’s Rainey Street District, walking distance to Austin’s Butler Hike trail, easy access to upscale dinning and entertainment, this beauty offers views of the most desirable city in America! Escape the busy city life in this Oasis located on the 5th floor at Milago Condominiums. This spacious condo is a 2BED/2 BATH open floor plan for anyone looking to live in the heartbeat of Austin. Condo includes: 24 hour concierge service, gorgeous rooftop pool, 24 hour access to all amenities, 2 reserved garage parking spots, and a private balcony.

Last Agent to Rent the Property

Miguel Garcia

Metro 512 Realty Brokerage Phone: (512) 479-1300 License #0734903 Listed on: 01/08/2025

Last Renter's Agent

Miguel Garcia

Metro 512 Realty Brokerage Phone: (512) 479-1300 License #0734903 Listed on: 01/08/2025

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,963

Year Built

  • Built in 2005

Lot Details

  • River Front
  • East Facing Home

Parking

  • 2 Car Garage
  • Secured Garage or Parking
  • Reserved Parking
  • Community Parking Structure

Home Design

  • Slab Foundation
  • Composition Roof
  • Masonry Siding

Interior Spaces

  • 1,164 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Blinds
  • Washer and Dryer

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Double Master Bedroom
  • Walk-In Closet
  • Two Primary Bathrooms
  • In-Law or Guest Suite
  • 2 Full Bathrooms
  • Double Vanity

Home Security

Outdoor Features

  • Spa
  • Covered Patio or Porch
  • Outdoor Grill

Schools

  • Mathews Elementary School
  • O Henry Middle School
  • Austin High School

Additional Features

  • No Interior Steps
  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $2,900
  • Tenant pays for all utilities
  • The owner pays for association fees
  • 12 Month Lease Term
  • $75 Application Fee
  • Assessor Parcel Number 02030312610000

Community Details

Overview

  • Property has a Home Owners Association
  • 70 Units
  • Milago Condo Amd Subdivision
  • Property managed by Metro 512 Realty

Amenities

  • Concierge
  • Community Barbecue Grill
  • Courtyard
  • Business Center
  • Community Mailbox

Recreation

  • Trails

Pet Policy

  • Pet Deposit $150
  • Dogs and Cats Allowed
  • Breed Restrictions
  • Medium pets allowed

Security

  • 24-Hour Security
  • Card or Code Access
  • Gated Community
  • Fire and Smoke Detector

Condo Details

Home Type

Condominium

Est. Annual Taxes

$7,963

Year Built

Built in 2005

Lot Details

0

Parking

2

Rental Info

  • Owner Pays: Association Fees
  • Tenant Pays: All Utilities
  • Pets Allowed: Cats OK, Dogs OK, Medium (< 35 lbs), Breed Restrictions
  • Available Date: 2025-01-10
  • App Deposit Payable To: Metro 512 Realty
  • App Fee Payable To: Metro 512 Realty
  • Application Fee: 75
  • Application Policy: Best Qualified Application
  • Application Required: See Online App
  • First Month Rent Payable To: Broker
  • Max Numof Pets: 1
  • Monthly Pet Rent: 30
  • Additional Pet Fee: 250
  • Pet Deposit: 150

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Condominium
  • Year Built: 2005
  • Direction Faces: East
  • Directions: From I-35, exit 234A. Turn right onto River St. At the traffic circle, take the 3rd exit to Rainey St.
  • Disclosures: None
  • Fencing: None
  • Garage Spaces: 2
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Lease Term: 12 Months
  • Levels: One
  • Living Area: 1164
  • Other Structures: None
  • Attribution Contact: (512) 479-1300
  • Attribution Contact: (512) 479-1300
  • ETJ Extra Territorial Jurdn: No
  • FEMA Flood Plain: No
  • Unit Style: Elevator
  • Complex Name: Milago Condominiums
  • Smoking Inside YN: 0
  • Special Features: None

Interior Features

  • Interior Amenities: Two Primary Baths, Two Primary Suties, Breakfast Bar, Ceiling Fan(s), Granite Counters, Double Vanity, Electric Dryer Hookup, Eat-in Kitchen, In-Law Floorplan, Kitchen Island, No Interior Steps, Walk-In Closet(s), Washer Hookup
  • View: City
  • Flooring: Carpet, Tile, Wood
  • Accessibility Features: None
  • Appliances: Cooktop, Dishwasher, Disposal, Microwave, Oven, Washer/Dryer
  • Main Level Bedrooms: 2
  • Property Condition: Resale
  • Security Features: 24 Hour Security, Building Security, Key Card Entry, Secured Garage/Parking, Smoke Detector(s)
  • Window Features: Blinds
  • ResoLivingAreaSource: PublicRecords
  • Laundry Location: Laundry Closet
  • Num Dining: 1
  • Num Living: 1

Beds/Baths

  • Full Bathrooms: 2
  • Bedrooms: 2

Exterior Features

  • Exterior Features: Outdoor Grill
  • Roof: Composition
  • Foundation: Slab
  • Patio And Porch Features: Covered, Patio
  • Pool Features: None
  • Private Pool: No
  • Water Body Name: Lady Bird Lake
  • Waterfront Features: River Front
  • Waterfront: Yes

Garage/Parking

  • Total Covered Spaces: 2
  • Parking Features: Garage, Reserved
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Connected
  • Heating: Central
  • Water Source: Public
  • Cooling: Central Air

Association/Amenities

  • Association: Yes
  • Community Features: BBQ Pit/Grill, Bike Storage/Locker, Business Center, Cluster Mailbox, Concierge, Courtyard, Covered Parking, Garage Parking, Gated, Pool, Hot Tub, Trail(s)

Condo/Co-op/Association

  • Managed By: Property Manager
  • Management Company: Metro 512 Realty

Schools

  • Elementary School: Mathews
  • High School: Austin
  • Middle/Junior School: O Henry
  • Junior High Dist: Austin ISD

Lot Info

  • Lot Features: None
  • Parcel Number: 02030312610000
  • Lot Size Acres: 0.0067
  • Lot Size Sq Ft: 291.85
  • Subdivision Name: Milago Condo Amd

Building Info

  • Construction Materials: Masonry – All Sides
  • New Construction: No

Multi Family

  • Number Of Units Total: 70
  • Management Co Phone: 512-322-0512

Tax Info

  • Tax Map Number: 513
  • Tax Filled Sqft Total: 1164

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2025
Closed on
Dec 30, 2024
Sold by
Owens Teresa L and Chasteen Brett
Bought by
Epic Dfw Commercial Properties Lp
Seller's Agent
Miguel Garcia
Metro 512 Realty
Buyer's Agent
Miguel Garcia
Metro 512 Realty
Views
37
Current Estimated Value
$540,421

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.33%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Epic Dfw Commercial Properties Lp -- Chicago Title
Epic Dfw Commercial Properties Lp -- Chicago Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/24/2025 02/24/25 Rented $2,900 0.0% --
02/18/2025 02/18/25 Under Contract -- -- --
01/14/2025 01/14/25 Price Changed $2,900 +3.8% $2 / Sq Ft
01/08/2025 01/08/25 For Rent $2,795 0.0% --
12/30/2024 12/30/24 Sold -- -- -- View Prior Sale
10/07/2024 10/07/24 Price Changed $539,000 -3.8% $463 / Sq Ft
08/27/2024 08/27/24 Price Changed $560,000 -3.4% $481 / Sq Ft
07/10/2024 07/10/24 Price Changed $580,000 -3.3% $498 / Sq Ft
05/14/2024 05/14/24 Price Changed $599,900 -3.2% $515 / Sq Ft
01/04/2024 01/04/24 For Sale $620,000 0.0% $533 / Sq Ft
02/03/2015 02/03/15 Rented $2,250 0.0% --
01/28/2015 01/28/15 Under Contract -- -- --
01/16/2015 01/16/15 For Rent $2,250 -- --
Source: Unlock MLS (Austin Board of REALTORS®)

Tax History Compared to Growth

Source: Public Records

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 $7,963 $505,000 $219,150 $285,850
2023 $7,963 $563,598 $0 $0
2022 $10,119 $512,362 $0 $0
2021 $10,139 $465,784 $109,575 $356,209
2020 $10,990 $512,408 $78,894 $433,514
2018 $10,788 $487,254 $65,745 $422,439
2017 $9,879 $442,958 $65,745 $416,515
2016 $8,981 $402,689 $65,745 $384,679
2015 $7,344 $366,081 $65,745 $331,583
2014 $7,344 $332,801 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Miguel Garcia

    Landlord's Agent in 2025

    Miguel Garcia

    Metro 512 Realty

    (512) 921-8640

    16 Total Sales

    Miguel Garcia
    Section Image
  • Adam Zell

    Seller's Agent in 2024

    Adam Zell

    Compass RE Texas, LLC

    (512) 820-4918

    2 in this area

    353 Total Sales

    Adam Zell
    Section Image
  • Gary Depinto

    Buyer's Agent in 2024

    Gary Depinto

    Metro 512 Realty

    (512) 217-6285

    3 in this area

    64 Total Sales

    Gary Depinto
    Section Image
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About Milago Condominiums

Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 3722214

Unlock MLS (Austin Board of REALTORS®)

APN: 719581

Texas Travis County Austin 78701 Rainey Street Historic District

54 Rainey St Unit 513, Austin, TX

This home is located at 54 Rainey St Unit 513, Austin, TX 78701 since 08 January 2025 and is currently priced at $540,421. This property was built in 2005. 54 Rainey St Unit 513 is a home located in Travis County with nearby schools including Mathews Elementary School, Austin High School, and City School.

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