$4,513 Closing Credit¹
#2965824, Karen Liddy, Listing office: Compass RE Texas, LLC
$394,000 List price
54 Rainey St Unit 503 Austin, TX 78701
$4,679
Closing credit¹
1 bed
1 full
865 sqft
0.01 acres
$455 / sqft
Condo
Property details
About 54 Rainey St Unit 503
PRICED TO SELL! LIVE, WORK, PLAY! Fabulous 1 bedroom condo with an office/den and partial Lady Bird Lake view in the highly sought-after Milago Condominiums. All the things you would expect in a luxury condo - granite countertops, wood floors and stainless steel appliances. Convenient 24/7 concierge, WIFI lounge, clubroom, fitness center, rooftop pool and BBQ area, reserved parking and a grocery store across the street. Plenty of places to entertain friends and family with many restaurants and bars along Rainey St or go for a stroll, run or bike with your four-legged friend on the hike and bike trail. Many upgrades/updates completed (see documents for complete list).
Highlights
Home typeCondominium
HeatingCentral
StatusActive
CoolingCentral Air, Ceiling Fan(s)
Size865 sqft
Lot size0.005 Acres
Year built2005
ParkingAssigned, Attached, Garage, Covered, Guest
MLS #3491696
Garage1 space
WaterfrontLake Front
ViewCity
Private poolYes
Summary
- Full Bathrooms: 1
- Appliances: Washer/Dryer Stacked, Dishwasher, Electric Cooktop, Electric Range, Disposal, Microwave, Refrigerator
- Flooring Type: Tile, Wood
- Interior: Bookcases, Ceiling Fan(s), Granite Counters, High Ceilings, Main Level Primary, No Interior Steps, Open Floorplan, Smart Thermostat, Track Lighting, Walk-In Closet(s), High Speed Internet, Programmable Thermostat
- Fireplace: None
- Total Bedroom Count: 1
- Garage Space: 1 space
- Private Pool: Yes
- Parking: Assigned, Attached, Garage, Covered, Guest
- Waterfront: Lake Front
- View: City
- Exterior: Gas Grill, See Remarks
- Heating: Central
- Cooling: Central Air, Ceiling Fan(s)
- List Price: $394,000
- Price/SqFt: $455
- HOA Amount: $600 Monthly
- Lot: Near Park, Sprinklers, See Remarks
- Directions: Cesar Chavez to Red River, left River Road, right on Rainey Street. Milago is on the right hand side. Guest parking available, get pass from front desk or there is street parking.
- Year Built: 2005
- Stories: 1
- Living Area: 865 SqFt
- Lot Size: 0.005 Acres
- MLS Number: 3491696
- MLS Name: ACTRIS
- Office Name: Keller Williams Realty
- Office Phone: (512) 346-3550
- Listing Agent: Joe LeDonne
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.
Copyright 2025 Unlock MLS and Austin Central Texas Realty Information Services, Inc.
Listings courtesy of Unlock MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
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Last updated on: 6/13/2025, 12:45:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$394,000
54 Rainey St Unit 503
$4,679
closing credit¹
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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. Typical income of Austin, TX residents is less than $<35k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.
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 503
The listing price of 54 Rainey St Unit 503 property is $394,000.
The property 54 Rainey St Unit 503 is a condo located in Austin, Texas, 78701.
Active Listing: 54 Rainey St Unit 503 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 54 Rainey St Unit 503 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 503 has 1 bedroom and 1 bathroom.
The property 54 Rainey St Unit 503 is 865 SqFt (source: MLS/tax record).
The year of construction for 54 Rainey St Unit 503 is 2005.
This home is located at 54 Rainey St Unit 503 in Austin, TX and zip code 78701 in the Downtown neighborhood. This 865 square foot home, which was built in 2005, sits on a 0.01 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since November 1, 2024 and is currently priced at $394,000.
In May 2025, from all listings sold in Austin, TX there were more than 134 sold above asking price, over 636 sold below and more than 152 were sold right at the asked price. Between April and May 2025, Austin, TX real estate market has seen increase in the number of listings by 17.3%. Listings spent 47 days on the market in May 2025, and had a median list price of $575,934 during the same period.
From Rocket Homes Real Estate and based on county public records data.