#1567054, Mitchell Ganey, Listing office: Sprout Realty
$1,079,000 List price
54 Rainey St Unit 1018 Austin, TX 78701
3 beds
2 full, 1 partial
1,956 sqft
$552 / sqft
Condo
Property details
About 54 Rainey St Unit 1018
Ideally situated on a high floor of the Milago, this expansive 1,956 SF corner residence offers unobstructed views of the Austin skyline and Lady Bird Lake. With a flexible layout featuring three bedrooms (or two with home office or study) this home is thoughtfully designed for both comfort and sophistication. The open-concept living and dining areas flow into the kitchen with generous counter space, stainless steel appliances, and a large pantry. The primary suite is a true retreat, complete with a walk-in closet, private balcony, and a spacious spa-like bath featuring a soaking tub, glass-enclosed shower, dual vanity, and great storage. The second bedroom includes its own en-suite bath, providing comfort and privacy for guests. Additional features include two reserved parking spaces and a private storage unit. Perhaps one of the best secrets in town, The Milago is located on the quiet end of Rainey Street with direct access to the Hike & Bike Trail while being steps away from restaurants, bars, and entertainment, offering a rare balance of lakeside calm and downtown connectivity. The building's full-service amenities include a 24-hour concierge, rooftop pool and spa, fitness center, business center, third-floor terrace with BBQ and seating, and secure bike storage.
Highlights
Home typeCondominium
HeatingCentral, Electric
StatusActive
CoolingCentral Air, Electric
Size1,956 sqft
Year built2006
ParkingAssigned, Garage, Gated, Guest
MLS #5853750
Garage2 spaces
WaterfrontLake Front
ViewCity, Hills, Lake
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 2
- Appliances: Electric Oven, Electric Range, Range, Washer/Dryer Stacked, Dishwasher, Electric Water Heater, Disposal, Microwave, Refrigerator
- Flooring Type: Tile, Wood
- Interior: Breakfast Bar, Ceiling Fan(s), Double Vanity, High Ceilings, Main Level Primary, Open Floorplan, Quartz Counters, Storage, Walk-In Closet(s)
- Total Bedroom Count: 3
- Garage Space: 2 spaces
- Private Pool: No
- Parking: Assigned, Garage, Gated, Guest
- Waterfront: Lake Front
- View: City, Hills, Lake
- Exterior: Balcony
- Heating: Central, Electric
- Cooling: Central Air, Electric
- List Price: $1,079,000
- Price/SqFt: $551
- HOA Amount: $1511 Monthly
- Lot: Landscaped, Level, Many Trees, Views
- Directions: At the south end of Rainey St on the right. Guest Garage to the right of the front entrance.
- Year Built: 2006
- Stories: 1
- Living Area: 1,956 SqFt
- MLS Number: 5853750
- MLS Name: ACTRIS
- Office Name: Urbanspace
- Office Phone: (512) 457-8884
- Listing Agent: Karen Prager
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively 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. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.
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Price information
Property sales
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Tax history
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Nearby schools
2
Sanchez Elementary School
Public District PK-5
0.3 mi
•73 San Marcos St
7
Travis Heights Elementary School
Public Charter EE-5
1.1 mi
•2010 Alameda Dr
3
Zavala Elementary School
Public District EE-5
1.1 mi
•310 Robert T Martinez Jr St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $51,389. The majority of Austin, TX residents have income less than $<35k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
45%
<35k
16%
35k-100k
19%
100k-200k
20%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
80%
Single, No Kids
2%
Single, with Kids
16%
Married, No Kids
2%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
2%
<11 yrs old
1%
12-17 yrs old
39%
18-34 yrs old
45%
35-64 yrs old
13%
65+ yrs old
What do the neighbors do for fun?
Music Concerts
Hiking/backpacking
Tennis
Where do the neighbors shop?
H&M
Bloomingdales
Crate & Barrel
Where do the neighbors go to eat?
Chipotle
Starbucks
Jack In The Box
What do the neighbors drive?
Volkswagen
Audi
BMW
What do the neighbors listen to?
Rhythmic Contemporary Hits- Alternative
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 54 Rainey St Unit 1018
The listing price of 54 Rainey St Unit 1018 property is $1,079,000.
The property 54 Rainey St Unit 1018 is a condo located in Austin, Texas, 78701.
Active Listing: 54 Rainey St Unit 1018 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 54 Rainey St Unit 1018 are: Sanchez Elementary School (GreatSchools Rating 2/10), Travis Heights Elementary School (GreatSchools Rating 7/10), Zavala Elementary School (GreatSchools Rating 3/10), Martin Middle School (GreatSchools Rating 2/10), Lively Middle School (GreatSchools Rating 3/10), Kealing Middle School (GreatSchools Rating 6/10), Phoenix Academy (GreatSchools Rating 1/10), University of Texas at Austin High School (GreatSchools Rating 9/10), Graduation Preparatory Academy (GreatSchools Rating 1/10).
The property at 54 Rainey St Unit 1018 has 3 bedrooms and 2 full and 1 half bathrooms.
The property 54 Rainey St Unit 1018 is 1,956 SqFt (source: MLS/tax record).
The year of construction for 54 Rainey St Unit 1018 is 2006.
This home is located at 54 Rainey St Unit 1018 in Austin, TX and zip code 78701 in the Downtown neighborhood. This 1,956 square foot home was built in 2006. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 9, 2025 and is currently priced at $1,079,000.
In June 2025 more than 108 listings in Austin, TX were sold above the asking price. During the same period more than 149 listings were sold at asking price, while more than 635 were sold below. The inventory of homes for sale in Austin, TX between May and June 2025 increased by 7.4%. The median list price of listings available in June 2025 was $575,928, while the average time on the real estate market was 51 days.
From Rocket Homes Real Estate and based on county public records data.