Last list price
Milago Condominiums 54 Rainey St Unit 1218 Austin, TX 78701
Rainey Street Historic District Neighborhood
2
Beds
2.5
Baths
1,956
Sq Ft
$1,134/mo
HOA Fee
Highlights
- Concierge
- Lake Front
- Fitness Center
- Mathews Elementary School Rated A
- Heated Roof Top Pool
- 4-minute walk to Waller Beach at Town Lake Metropolitan Park
About This Home
As of October 2024IMPORTANT INFO/READ ALL REMARKS: You will not find a condo at a better value. Also...you will not find a downtown Austin condo with a better combo of: amenities, turn-key-updates, modern styling, unadulterated views, convenience, size...all in an exciting and peaceful location. Recently remodeled CORNER UNIT in The Milago Condominiums, this unit is a rare 3 bedroom (or, 2 bedrooms and an office) at a whopping 1956 square feet! The Milago is one of the best kept secrets in Austin condominium living. Bordering Waller Beach Metropark, and overlooking the new Mexican American Cultural Center, it's is the only high rise with direct access to the Hike & Bike trail. You don't even cross a street...you simply walk out the back door and BOOM...you're there...standing along the edge of Lady Bird Lake. You have all the amenities you'd come to expect from living in a downtown high rise: Rooftop pool, 24 hour concierge, business center, top shelf gym, security, etc. Sitting at the quiet end of Rainey Street Historic/Entertainment District offers you a wide range of entertainment and dining options. The unit provides a modern "open concept floorplan", and is move in ready, with a recently remodeled kitchen and master bath, along with other updates throughout. Truly a "turn key" option, this property offers TWO primary suites (with ensuite full baths), and a 3rd flex room directly off the main living area that can be utilized as a bedroom, office, yoga studio, media room, art studio. etc. You're only limited by your imagination. The TWO (!) outdoor patios (one off the main living area, another off the 1st Primary Suite) offer unobstructed views of the entire Austin skyline and Lady Bird Lake. Two PRIME parking spaces that straddle the elevator access in the garage, are also included. Since the unit is 10 steps from the elevator, you can get from your 12th floor condo to your vehicle in less than 20 steps. Come see it! OWNER FINANCING will be considered. As will rate buy downs.
Last Agent to Sell the Property
Bramlett Partners Brokerage Phone: (512) 850-5717 License #0681160
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $22,240
Year Built
- Built in 2005
Lot Details
- Lake Front
- Adjacent to Greenbelt
- South Facing Home
- Dog Run
- Property is in excellent condition
HOA Fees
- $1,134 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Common or Shared Parking
- Lighted Parking
- Garage Door Opener
- Gated Parking
- Secured Garage or Parking
- Guest Parking
- Assigned Parking
- Community Parking Structure
Property Views
Home Design
- Slab Foundation
- Concrete Roof
- Concrete Siding
Interior Spaces
- 1,956 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Built-In Features
- Ceiling Fan
- Recessed Lighting
- Chandelier
- Track Lighting
- Insulated Windows
- Blinds
- Window Screens
- Multiple Living Areas
- Storage
Kitchen
- Breakfast Bar
- Built-In Electric Oven
- Built-In Electric Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
- ENERGY STAR Qualified Appliances
- Granite Countertops
- Quartz Countertops
- Corian Countertops
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- Double Master Bedroom
- Dual Closets
- Walk-In Closet
- Two Primary Bathrooms
- Soaking Tub
Laundry
- Dryer
- Washer
Home Security
- Security System Owned
- Security Lights
Accessible Home Design
- Accessible Elevator Installed
- Handicap Accessible
- Enhanced Accessible Features
Pool
- Heated Roof Top Pool
- Heated In Ground Pool
- In Ground Spa
- Fence Around Pool
Outdoor Features
- Covered patio or porch
Location
- Property is near public transit
Schools
- Mathews Elementary School
- O Henry Middle School
- Austin High School
Utilities
- Central Heating and Cooling System
- Vented Exhaust Fan
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 02030314230000
Community Details
Overview
- Association fees include common area maintenance, landscaping, maintenance structure, parking, security, trash
- Somerset Association
- Milago Condo Amd Subdivision
- Lock-and-Leave Community
Amenities
- Concierge
- Common Area
- Business Center
- Service Elevator
- Community Mailbox
- Community Storage Space
Recreation
- Trails
Security
- 24-Hour Security
- Gated Community
- Fire and Smoke Detector
- Fire Escape
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 17, 2025
Sold by
Oliver Michael E and Mauze Rhae Chell
Bought by
54 Rainey Unit 1218 Trust and Oliver
Total Days on Market
110
Current Estimated Value
Purchase Details
Listed on
Mar 29, 2024
Closed on
Oct 2, 2024
Sold by
Decker Sam and Brown Shayna Levin
Bought by
Mauze Rhae Chell A and Oliver Michael E
Seller's Agent
Robert Gordon
Bramlett Partners
Buyer's Agent
Karen Prager
Urbanspace
List Price
$1,100,000
Sold Price
$994,000
Premium/Discount to List
-$106,000
-9.64%
Views
29
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.63%
Purchase Details
Listed on
Aug 30, 2013
Closed on
Sep 27, 2013
Sold by
Perry Roy G
Bought by
Decker Sam
Seller's Agent
j rene ward
Compass RE Texas, LLC.
Buyer's Agent
John Pizzitola
Perfect Tree Realty
List Price
$720,000
Sold Price
$700,000
Premium/Discount to List
-$20,000
-2.78%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.23%
Purchase Details
Closed on
Jun 22, 2012
Sold by
Mazuelos Robert and Mazuelos Kimberley
Bought by
Friday David D and Friday Kathy A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.83%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 5, 2006
Sold by
Fairfield Rainey Lp
Bought by
Perry Roy G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,900
Interest Rate
6.28%
Mortgage Type
Commercial
Map
About Milago Condominiums
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Similar Homes in Austin, TX
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | -- | Independence Title | |
| Warranty Deed | -- | None Available | |
| Vendors Lien | -- | Itc | |
| Vendors Lien | -- | Alamo Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $400,000 | Commercial | |
| Previous Owner | $620,900 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/02/2024 10/02/24 | Sold | -- | -- | -- |
| 07/11/2024 07/11/24 | Price Changed | $1,083,999 | -0.3% | $554 / Sq Ft |
| 07/04/2024 07/04/24 | Price Changed | $1,086,999 | -0.3% | $556 / Sq Ft |
| 06/07/2024 06/07/24 | Price Changed | $1,089,999 | -0.9% | $557 / Sq Ft |
| 04/05/2024 04/05/24 | Price Changed | $1,099,999 | 0.0% | $562 / Sq Ft |
| 04/05/2024 04/05/24 | For Sale | $1,100,000 | 0.0% | $562 / Sq Ft |
| 04/05/2024 04/05/24 | Off Market | -- | -- | -- |
| 03/29/2024 03/29/24 | For Sale | $1,100,000 | 0.0% | $562 / Sq Ft |
| 10/31/2023 10/31/23 | Rented | $4,200 | -2.3% | -- |
| 10/23/2023 10/23/23 | Price Changed | $4,300 | -4.4% | $2 / Sq Ft |
| 09/22/2023 09/22/23 | Price Changed | $4,500 | -8.2% | $2 / Sq Ft |
| 09/01/2023 09/01/23 | Price Changed | $4,900 | -2.0% | $3 / Sq Ft |
| 08/02/2023 08/02/23 | Price Changed | $5,000 | -3.8% | $3 / Sq Ft |
| 07/23/2023 07/23/23 | Price Changed | $5,200 | -3.7% | $3 / Sq Ft |
| 07/11/2023 07/11/23 | Price Changed | $5,400 | -1.8% | $3 / Sq Ft |
| 06/22/2023 06/22/23 | Price Changed | $5,500 | -3.5% | $3 / Sq Ft |
| 06/19/2023 06/19/23 | Price Changed | $5,700 | -0.9% | $3 / Sq Ft |
| 06/06/2023 06/06/23 | Price Changed | $5,750 | -2.5% | $3 / Sq Ft |
| 05/23/2023 05/23/23 | Price Changed | $5,895 | -1.8% | $3 / Sq Ft |
| 05/05/2023 05/05/23 | For Rent | $6,000 | +34.8% | -- |
| 05/09/2017 05/09/17 | Rented | $4,450 | 0.0% | -- |
| 05/09/2017 05/09/17 | Under Contract | -- | -- | -- |
| 04/10/2017 04/10/17 | For Rent | $4,450 | +17.1% | -- |
| 08/28/2015 08/28/15 | Rented | $3,800 | +2.7% | -- |
| 08/28/2015 08/28/15 | Under Contract | -- | -- | -- |
| 06/10/2015 06/10/15 | For Rent | $3,700 | -2.6% | -- |
| 03/18/2015 03/18/15 | Rented | $3,800 | +2.7% | -- |
| 02/25/2015 02/25/15 | Under Contract | -- | -- | -- |
| 12/16/2014 12/16/14 | For Rent | $3,700 | 0.0% | -- |
| 09/27/2013 09/27/13 | Sold | -- | -- | -- |
| 09/06/2013 09/06/13 | Pending | -- | -- | -- |
| 08/30/2013 08/30/13 | For Sale | $720,000 | -- | $368 / Sq Ft |
Source: Unlock MLS (Austin Board of REALTORS®)
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 |
|---|---|---|---|---|
| 2023 | $20,900 | $1,243,032 | $367,890 | $875,142 |
| 2022 | $22,241 | $1,126,148 | $367,890 | $758,258 |
| 2021 | $17,501 | $804,000 | $183,945 | $620,055 |
| 2020 | $18,746 | $874,000 | $132,441 | $741,559 |
| 2018 | $19,062 | $861,000 | $110,367 | $750,633 |
| 2017 | $17,841 | $800,000 | $110,367 | $689,633 |
| 2016 | $17,263 | $774,062 | $110,367 | $663,695 |
| 2015 | $16,296 | $706,115 | $110,367 | $595,748 |
| 2014 | $16,296 | $684,780 | $110,367 | $574,413 |
Source: Public Records
Source: Unlock MLS (Austin Board of REALTORS®)
MLS Number: 4111361
APN: 719750
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