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SOLD
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$389,000

Last List Price

54 Rainey ST #1015, Austin, TX 78701

1

beds

1

baths

756

sqft

0.00

acres

Condominium
$584.45/mo HOA

About This Condo

Indulge in luxury living with this exquisite one-bedroom condo, showcasing breathtaking views. Inside, you’ll be greeted by the timeless beauty of wood floors and granite countertops, while the kitchen features sleek stainless steel appliances. A stacked washer and dryer add to the modern conveniences. The Milago building offers impressive amenities, including a rooftop terrace with a pool, hot tub, BBQ grills, a fitness center, club room, ground-level lounge, patio, and 24/7 concierge services. Located in the vibrant Rainey Street District next to Lady Bird Lake, you'll be steps away from popular spots like Royal Blue Grocery, Salvation Pizza, Standard Proof, Cuvee Coffee, Emmer & Rye, Geraldine’s, and the Limestone Rooftop Bar. Enjoy the neighborhood's bustling nightlife and easy access to outdoor activities like biking, paddle boarding, kayaking, running, or strolling along the nearby hike and bike trail or Rainey Trailhead. Live music, dining, and cocktails are just a short walk away, offering an unmatched urban lifestyle. Plus, with reserved parking space #234, you can enjoy the convenience of a lock-and-leave lifestyle. Experience the perfect blend of sophistication and convenience at Milago Condominium—your new home awaits.

Listings checked every few minutes. MLS# 3385473 was Last Updated: 09-19-2025.

Listed by Sherene Mayner, Womack Real Estate LLC (512) 689-9324

Buyer Represented by Sherene Mayner, Womack Real Estate LLC (512) 689-9324

Neighborhood

Assigned Schools

Comments

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Listing courtesy of Unlock MLS as distributed by MLS Grid. The information being provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but is not guaranteed accurate by MLS Grid or Unlock MLS.

What is the Rainey Street Historic District neighborhood like?

The Rainey Street Historic District is located in the southeast corner of downtown Austin, Travis County, between Cesar Chavez Boulevard (formerly Water Street) to the north and Lady Bird Lake (the Colorado River) to the south, near Interstate 35. The district was added to the National Register of Historic Places on September 17, 1985 (Reference No. 85002302), with a period of significance spanning 1875 to 1949 and recognized areas of significance in architecture, including Bungalow/Craftsman and Gothic styles.

Explore Rainey Street Historic District

What employers are near 54 Rainey ST?

  • Whole Foods Market (Grocery retail (corporate headquarters))
  • Indeed (Technology)
  • State of Texas (Government)

How does this property compare to others in Rainey Street Historic District?

54 Rainey ST is listed at $389K vs. the $774K median in Rainey Street Historic District. The neighborhood average is $838/sqft. Homes in Rainey Street Historic District average 137 days on market.

MetricRainey Street Historic District
Median List Price$774K
Median Sold Price$565K
Average Days on Market137
Average Price per Sqft$838
Active Listings97

Market data as of May 2026.

Frequently Asked Questions

How much is 54 Rainey ST?

54 Rainey ST is listed for $389,000. It features 1 bedroom, 1 bathroom, 756 square feet, 0.0044 acres. Built in 2005.

What neighborhood is 54 Rainey ST in?

54 Rainey ST is located in the Rainey Street Historic District neighborhood of Austin, Texas.

How does 54 Rainey ST compare to other condos in Rainey Street Historic District?

The asking price of $389,000 is 49.7% lower than the median condo price of $774K in Rainey Street Historic District. At $515/sqft, it compares to the neighborhood average of $838/sqft.

What are the details of 54 Rainey ST?

54 Rainey ST was built in 2005, and sits on 0.0044 acres of land, and is a condominium style condo.