54 Rainey Street, Unit 1215

Austin, TX 78701

$460,000
Price
1
Bed
756 Sq. Ft.
$608 / Sq. Ft.
756
Sq. Ft.
$608
per Sq. Ft.

Description

This unique one bedroom, one bath Milago Condo on Lady Bird Lake captures the morning sun on the covered balcony and in every room. It has wonderful natural light throughout the day streaming into the living areas and bedroom. Granite Counters, Stainless Appliances, Full Size Stack Whirlpool W/D, Wood Floors, Motorized Solar Shades, Custom Walk-in Closet and NEW 2024 HVAC. Milago is located in the popular Rainey St Historical District in Austin on Lady Bird Lake with restaurants, a med spa, a hair...This unique one bedroom, one bath Milago Condo on Lady Bird Lake captures the morning sun on the covered balcony and in every room. It has wonderful natural light throughout the day streaming into the living areas and bedroom. Granite Counters, Stainless Appliances, Full Size Stack Whirlpool W/D, Wood Floors, Motorized Solar Shades, Custom Walk-in Closet and NEW 2024 HVAC. Milago is located in the popular Rainey St Historical District in Austin on Lady Bird Lake with restaurants, a med spa, a hair salon and a boutique grocery store conveniently located right across the street. There is plenty of vibrant nightlife with more restaurants and live music venues within walking distance. Milago has 24 Hour Front Desk Staff and On-Site Professional Management. Bike, Paddle Board, Kayak, Run, Walk, have dinner and a cocktail and listen to live music - your choice! It doesn’t get any better. Milago Condominium is an amazing value in the downtown Austin area. It's the only residential building situated directly on Lady Bird Lake and blends the tranquility of nature with the conveniences of modern living. Reserved Pkg Space #B24 The furniture is available and negotiable.
  1. Listed by Joanne Flynn • TREC #0421993 • Lux Haus Realty
    P: (512)-633-7015 C: (512)-633-7015 joannemarieflynn@gmail.com

Property Details for 54 Rainey Street, Unit 1215

Subdivision Name
Milago Condo Amd
Waterfront
Yes
Waterfront Description
Lake Front
Water Access Description
Public
View
City
View YN
Yes
Parcel Number
02030314200000
Tax Lot
1215
LISTING UPDATED: 02/15/2025 03:41 PM

Property Details for 54 Rainey Street, Unit 1215

StatusActive
MLS #5232714
Days on Market246
Taxes$7,356 / year
HOA Fees$522 / month
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeResidential / Condominium
Year Built2005
CountyTravis County

Building Information for 54 Rainey Street, Unit 1215

Building/Complex54 Rainey StFloor-Stories1Residences-Pet Policy-Pet Policy Details-Year Built2005

Property Information for 54 Rainey Street, Unit 1215

General Information
Parking
  • Garage Spaces: 1
  • Parking Total: 1
  • Parking Features: Assigned, Garage, Gated, Guest
  • Covered Spaces: 1
Interior
  • Interior Features: Breakfast Bar, Ceiling Fan(s), Granite Counters
  • Flooring: Tile, Wood
  • Appliances: WasherDryerStacked, Dishwasher, FreeStandingElectricRange, FreeStandingRefrigerator, Disposal, Microwave
  • Fireplace: No
  • Fireplaces Total: 0
  • Laundry Features: LaundryCloset, InUnit, Stacked
  • Restrictions: RestrictiveCovenant
Exterior
  • Exterior Features: Balcony
  • Construction Materials: Brick, Concrete, Stone, Stucco
  • Foundation Details: Pillar Post Pier
  • Patio And Porch Features: Covered, Balcony
  • Water Body Name: Lady Bird Lake
  • Roof: Built Up
  • Fencing: None
  • Direction Faces: East
  • Window Features: SolarScreens
  • Accessibility Features: Common Area
  • Community Features: Barbecue, Business Center, Bar Lounge, Bicycle Storage, Concierge, Community Mailbox, Gated, Lake, Package Service, Park, Property Manager On-Site, Pool, Sidewalks
Property Information
Lot Information
  • FEMA Flood Plain: See Remarks
  • Lot Features: Trees Large Size
  • Horse: No
  • Horse Amenities: None
Utilities
  • Cooling: Central Air, Ceiling Fans, Electric
  • Heating: Electric
  • Sewer: Public Sewer
  • Utilities: See Remarks
Room Information
Room 1
  • Room Type: Bedroom
  • Room Level: Main
  • Room Features: CeilingFans
  • Room Description: Bedroom has a distant sunrise view as you can see from the photos. Lots of natural light. The window has a blackout shade.
Room 2
  • Room Type: Bathroom
  • Room Level: Main
  • Room Features: GraniteCounters, GardenTubRomanTub
  • Room Description: Primary Bathroom has a tub/shower. The tub is a large garden tub.
Room 3
  • Room Type: Kitchen
  • Room Level: Main
  • Room Features: BreakfastBar, GraniteCounters
  • Room Description: Kitchen is open to the dining area and living room.
Unit Information
Unit 1
  • Permission: IDX
Unit 2
  • Permission: IDX
Unit 3
  • Permission: IDX
Financial Information
Taxes and HOA Information
  • Association: Yes
  • Association Name: Milago Condominiums
  • Association Fee Includes: CommonAreaMaintenance, MaintenanceGrounds, Parking
  • Association Amenities: Concierge
  • Tax Assessed Value: $476,984
  • Tax Year: 2024
  • Tax Rate: 2.38%
Showing Information
Showing Information
  • Security Features: Fire Alarm, Fire Sprinkler System, 24 Hour Security, Key Card Entry, Smoke Detector(s), Controlled Access
  • Directions: From Cesar Chavez, turn South on Red River, left on Driskill or Davis, Right on Rainey St. Milago is at the very end of Rainey on the right. There is Guest Parking in the open garage to the right of the Milago front door. Or there is 15 min parking allowed right in front of the building.

Property History for 54 Rainey Street, Unit 1215

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 54 Rainey Street, Unit 1215

Taxable ValueLand$142,298Additions$264,281Total$406,579
Home Facts
Beds1Total Finished SqFt756 SqFtAbove Grade Finished SqFt756 SqFtStories1Lot Size192 SqFtStyleCondominiumYear Built2005CountyTRAVISAPN0203031420

Schools near 54 Rainey Street, Unit 1215

This home is within Austin Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 6 to 8
Public - 9 to 12
Public - 3
Rating
School
Distance
Mathews Elementary School
PublicPK to 6

O Henry Middle School
Public6 to 8

Austin High School
Public9 to 12

Daep- El
Public3

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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54 Rainey Street, Unit 1215 is a condo for sale in Austin, TX 78701. This property was listed for sale on July 3, 2024 by Lux Haus Realty, it's currently listed at $460,000. It has been on the market for a total of 246 days and was last sold on May 25, 2021. This listing's school district is Austin Independent School District. Nearby schools include Mathews Elementary School, O Henry Middle School and Austin High School. 54 Rainey Street, Unit 1215 is a 1-bed, 1-bath, 756 sqft condo built in 2005.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Lux Haus Realty, Joanne Flynn, TREC #0421993

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, Waco Association of REALTORS, and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2025 Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All rights reserved. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. All area measurements and calculations are approximate and should be independently verified. Data may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market”. © [2025] REsides, Inc. All rights reserved. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.