Milago Condominiums 54 Rainey St Unit 706 Austin, TX 78701
Rainey Street Historic District NeighborhoodEstimated payment $5,285/month
Highlights
- Fitness Center
- River View
- Property is near public transit
- Mathews Elementary School Rated A
- Waterfront
- 4-minute walk to Waller Beach at Town Lake Metropolitan Park
About This Home
Located in the heart of the vibrant Rainey Street District, this exceptional residence at 54 Rainey offers one of the most breathtaking and unobstructed views in all of Austin. Unit 706 features two spacious bedrooms, two full bathrooms, a dedicated office, and an expansive open living area perfectly positioned to capture sweeping panoramic views of Lady Bird Lake and the downtown Austin skyline from nearly every angle. Floor-to-ceiling glass fills the home with natural light and creates a truly unmatched urban living experience. Residents at 54 Rainey enjoy resort-style amenities including a stunning rooftop pool and lounge deck overlooking the city, state-of-the-art fitness center, yoga studio, dog park, concierge services, outdoor grilling and entertaining spaces, co-working areas, and beautifully designed resident lounges. Just steps from Austin’s top restaurants, nightlife, hike and bike trails, and waterfront activities, this is luxury downtown living at its finest. Priced aggressively at just $550,000 and ready to sell. Seller financing may also be available for qualified buyers with as little as 0% down.
Listing Agent
Spyglass Realty Brokerage Phone: (512) 554-7461 License #0613889 Listed on: 05/11/2026
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $16,395
Year Built
- Built in 2005
Lot Details
- Waterfront
- Southwest Facing Home
HOA Fees
- $965 Monthly HOA Fees
Parking
- 2 Car Garage
- Assigned Parking
Property Views
Home Design
- Slab Foundation
- Flat Tile Roof
- Masonry Siding
Interior Spaces
- 1,341 Sq Ft Home
- 1-Story Property
- Built-In Features
- Bookcases
- Bar
- Ceiling Fan
- Chandelier
- Washer and Dryer
Kitchen
- Oven
- Electric Range
- Microwave
- Dishwasher
- Wine Refrigerator
- Wine Cooler
- Granite Countertops
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
Home Security
Outdoor Features
- Covered Patio or Porch
- Terrace
Location
- Property is near public transit
- City Lot
Schools
- Mathews Elementary School
- O Henry Middle School
- Austin High School
Additional Features
- Sustainability products and practices used to construct the property include see remarks
- Central Heating and Cooling System
Listing and Financial Details
- REO, home is currently bank or lender owned
- Assessor Parcel Number 02030313010000
Community Details
Overview
- Association fees include common area maintenance, ground maintenance, maintenance structure
- Milago HOA
- Milago Condo Amd Subdivision
Recreation
- Park
Security
- Fire and Smoke Detector
Map
About Milago Condominiums
Home Values in the Area
Average Home Value in this Area
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 | -- | $801,125 | $252,368 | $548,757 |
| 2023 | -- | $849,363 | $252,368 | $596,995 |
| 2022 | $13,964 | $707,080 | $0 | $0 |
| 2021 | $13,992 | $642,800 | $126,185 | $516,615 |
| 2020 | $13,577 | $633,000 | $90,852 | $542,148 |
| 2018 | $14,153 | $639,269 | $75,711 | $563,558 |
| 2017 | $13,828 | $620,068 | $75,711 | $544,357 |
| 2016 | $12,901 | $578,461 | $75,711 | $502,750 |
| 2015 | $11,867 | $563,558 | $75,710 | $487,848 |
| 2014 | $11,867 | $498,643 | $75,710 | $422,933 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 05/27/2026 05/27/26 | Pending | -- | -- | -- | |
| 05/11/2026 05/11/26 | For Sale | $550,000 | -35.2% | $410 / Sq Ft | |
| 01/17/2023 01/17/23 | Sold | -- | -- | -- | View Prior Sale |
| 11/28/2022 11/28/22 | Pending | -- | -- | -- | |
| 11/03/2022 11/03/22 | Price Changed | $849,000 | -5.6% | $633 / Sq Ft | |
| 09/29/2022 09/29/22 | For Sale | $899,000 | +30.8% | $670 / Sq Ft | |
| 08/14/2015 08/14/15 | Sold | -- | -- | -- | View Prior Sale |
| 06/16/2015 06/16/15 | Pending | -- | -- | -- | |
| 06/04/2015 06/04/15 | Price Changed | $687,500 | -1.8% | $513 / Sq Ft | |
| 03/31/2015 03/31/15 | Price Changed | $700,000 | -5.3% | $522 / Sq Ft | |
| 12/30/2014 12/30/14 | For Sale | $739,500 | 0.0% | $551 / Sq Ft | |
| 06/11/2012 06/11/12 | Rented | $3,200 | -3.0% | -- | |
| 06/10/2012 06/10/12 | Under Contract | -- | -- | -- | |
| 05/26/2012 05/26/12 | For Rent | $3,300 | -- | -- |
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Servicelink | |
| Trustee Deed | $663,995 | None Listed On Document | |
| Deed | -- | Austin Title Company | |
| Deed | -- | Independence Title |
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 | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $843,000 | VA | |
| Previous Owner | $417,000 | New Conventional |
Source: Unlock MLS (Austin Board of REALTORS®)
MLS Number: 7656455
APN: 719624
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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
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