54 Rainey ST, Austin TX 78701

$509,000
54 Rainey ST, Austin TX 78701, ,
Active
$509,000


MLS Area: DT
County:
MLS # 6916651

54 Rainey ST, Austin TX 78701, , TX 78701

About this property

A rare opportunity to live on the Penthouse Floor at Milago, where elevated downtown living meets the tranquility of Lady Bird Lake. Set on the building’s private top residential floor, this distinctive one-bedroom residence offers 10-foot ceilings, professionally designed walk-in closet, added security and an exceptional 165-square-foot double covered balcony with beautiful lake views—creating a seamless extension of the living space.

The penthouse floor has just undergone a beautiful renovation of its common areas, adding a fresh, sophisticated arrival experience exclusive to this level. Throughout Milago, additional common spaces are also in the midst of an extensive renovation, bringing a new level of style and refinement to the building.

Inside, fresh interior paint creates polished feel, while the kitchen features granite countertops, modern cabinetry and stainless steel appliances. Dining area offers generous space for entertaining, working from home or simply enjoying the luxury of extra room.

Just above, escape to the rooftop pool and hot tub, where sweeping skyline views provide a spectacular backdrop for morning swims or evenings under the city lights. Residents also enjoy a private lounge, clubroom, conference space, fitness center and 24-hour concierge. Parking and Storage.

Basic Property Information

<strong>Dwelling Size - </strong> 798 ft2
From Public Records
<strong>Year Built - </strong> 2005
<strong>Stories - </strong> One
<strong>Foundation - </strong> Slab
<strong>Garage - </strong> 1
Reserved
<strong>Roof - </strong> See Remarks
<strong>Lot Size Acres - </strong> 0
<strong>Waterfront Features - </strong> Lake Front
<strong>Body of Water - </strong> Lady Bird Lake
Bedrooms - 1
<strong>Main Level Bedrooms - </strong> 1
<strong>Bathrooms - </strong> 1
<strong>Full - </strong> 1
<strong>Half - </strong> 0
<strong>Living Rooms - </strong> 1
<strong>Dining Rooms - </strong> 1
<strong>Fireplaces - </strong> 0
None
<strong>Pool on Property- </strong> None

School District

<strong>School District - </strong> Austin ISD
<strong>Elementary - </strong> Mathews
<strong>Middle - </strong> O Henry
<strong>Senior High - </strong> Austin

Home Owners Association

<strong>Home Owners Association - </strong> Milago
<strong>Fee - $</strong> 661
<strong>Frequency - </strong> Monthly
<strong>Includes - </strong> Common Area Maintenance, Insurance, Parking, Trash

Amenities and Features

Other Features
Balcony
Breakfast Bar
Built-In Oven(s)
Dishwasher
Disposal
Electrical Utility Available
ENERGY STAR Qualified Appliances
Free-Standing Range
Granite Counters
Has Waterfront
High Ceilings
Home Owners Association
Primary Bedroom on Main
Refrigerator
Washer/Dryer Stacked

Utilities

Heating: Central
Cooling: Central Air
Electricity Available, Other, Sewer Available, Water Available

Sewer: Public Sewer
Water: Public

Additional Details

<strong>Faces - </strong> SW
<strong>Flooring - </strong> Carpet, Slate, Wood
<strong>View - </strong> Lake, Panoramic, River
<strong>Lot Features - </strong> Back to Park/Greenbelt
<strong>Sellers Representative - </strong> Christies Intl Real Estate Lone Star
(512) 270-8586
<strong>Other Structures - </strong> None
<strong>Accessibility Features - </strong> None
<strong>Community Features - </strong> BBQ Pit/Grill, Bike Storage/Locker, Business Center, Concierge, Fitness Center, Gated, Package Service, Pool, Property Manager On-Site, Spa/Hot Tub

Walk Score

Transport
Supermarkets
Schools
Restaurants
Pharmacies
Hospitals

Based on information from the Austin Board of REALTORS®  for the period 09/09/2026 through 09/09/2026. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.

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