Austin Area MLS Listings

54 Rainey ST #1018, Austin, TX 78701 (MLS # 2440461)

Price $949,999
Status Active
Beds 3
Baths 2.5 Baths
Home size 1,956 sqft
Lot Size 493 sqft
Experience elevated downtown living at Milago, where style, space, and sweeping views come together in one exceptional residence. This beautifully appointed 3-bedroom, 2.5-bath condo offers nearly 2,000 square feet (1,956 SF) of light-filled living space in one of Austin's most desirable waterfront buildings. From the moment you enter, you're greeted by expansive windows that flood the home with natural light and frame stunning views the downtown skyline and Lady Bird Lake. Rich wood flooring runs throughout, creating a warm, cohesive feel across the open-concept living and dining areas"”perfect for entertaining or simply enjoying the view. The gorgeous kitchen is both functional and refined, featuring quartz countertops, a custom backsplash, an extra-deep sink, and abundant cabinet space for effortless organization. Whether you're hosting friends before a night out or preparing a quiet dinner at home, this kitchen is designed to impress. The spacious primary suite offers a true retreat, complete with a luxurious ensuite bath boasting a double vanity, large soaking tub, and separate walk-in shower. Two additional bedrooms provide flexibility for guests, a home office, or a dedicated fitness or media space. Located just steps from the Town Lake Trail, you'll have immediate access to miles of scenic waterfront paths, along with some of Austin's best dining, shopping, and entertainment. Residents of Milago enjoy premium amenities including a beautiful pool and a fully equipped fitness center. This is downtown Austin living at its finest"”spacious, sophisticated, and perfectly positioned to enjoy the best of the city.
Property Type(s): Condo/Townhouse/Co-Op
Last Updated 5/24/2026 Tract Milago Condo Amd
Year Built 2005 Community Milago Condo Amd
Garage Spaces 2.0 County Travis

SCHOOLS

Elementary School Mathews
Jr. High School O Henry
High School Austin

Price History

Prior to May 24, '26 $989,000
May 24, '26 - Today $949,999

Additional Details

APPLIANCES Built-In Electric Range, Dishwasher
AREA DT
CONSTRUCTION Brick, Stone, Stucco
EXTERIOR Balcony
GARAGE Yes
HEAT Central
HOA DUES 1511|Monthly
INTERIOR See Remarks
LOT 492 sq ft
LOT DESCRIPTION See Remarks, Waterfront
PARKING Garage
POOL DESCRIPTION None
STORIES 1
STYLE High Rise (8-13 Stories)
SUBDIVISION Milago Condo Amd
TAXES 17804
UTILITIES See Remarks
VIEW Yes
VIEW DESCRIPTION City, Downtown, Lake, Skyline
WATER Public
WATER ACCESS Lady Bird Lake
WATERFRONT Yes
WATERFRONT DESCRIPTION Lake Front

Location

 

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Property listed by Matt Holm, Compass RE Texas, LLC
Based on information from the Austin Board of REALTORS ® (alternatively, from ACTRIS) for the period through 6/9/26 11:51 AM PDT. 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.

This IDX solution is (c) Diverse Solutions 2026.

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