$5,819 Closing Credit¹
#1232571, Susan Barringer, Listing office: Kuper Sotheby's Int'l Realty
$485,000 List price
54 Rainey St Unit 617 Austin, TX 78701
$5,759
Closing credit¹
1 bed
1 full
865 sqft
$561 / sqft
Condo
Property details
About 54 Rainey St Unit 617
This meticulously maintained urban condo at the Milago offers stylish living at the end of Rainey Street, with direct access to Lady Bird Lake, the hike and bike trail, and a lively array of dining and entertainment spots just steps away. This one-bedroom + study, one-bath condo showcases European plank hardwood floors, custom paint (entire condo & ceiling painted 2020), granite countertops, stainless steel appliances, a custom closet organizer, and a functional, open floor plan designed to maximize both space and comfort. Recently replaced in 2020 Rheem electric water heater and hvac. The Milago offers exceptional amenities, including a rooftop pool and hot tub with sweeping downtown views along with grills and seating, and a spacious 3rd-floor terrace outdoor seating— perfect for entertaining. Residents also enjoy 24-hour concierge service, a fitness center, a clubroom, a Wi-Fi lounge, and convenient bike storage. Recent updates include a refreshed lobby, new pool furniture, and BBQ grills. This condo blends luxury, convenience, and unbeatable location for the ultimate urban lifestyle. *Buyer to independently verify all information including but not limited to taxes, restrictions, schools, square footage, Hoa dues, year built, etc.
Highlights
Home typeCondominium
HeatingCentral
StatusActive
CoolingCentral Air, Ceiling Fan(s)
Size865 sqft
Year built2005
ParkingAssigned, Garage, Secured
MLS #5555368
Garage1 space
ViewCity
Private poolYes
Summary
- Full Bathrooms: 1
- Appliances: Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Stainless Steel Appliance(s)
- Flooring Type: Tile, Wood
- Interior: Built-in Features, Ceiling Fan(s), Eat-in Kitchen, Granite Counters, Main Level Primary, Open Floorplan, Smart Thermostat, Walk-In Closet(s), High Speed Internet
- Total Bedroom Count: 1
- Garage Space: 1 space
- Private Pool: Yes
- Parking: Assigned, Garage, Secured
- Waterfront: None
- View: City
- Exterior: None
- Heating: Central
- Cooling: Central Air, Ceiling Fan(s)
- List Price: $485,000
- Price/SqFt: $560
- HOA Amount: $667 Monthly
- Lot: Near Public Transit
- Directions: GPS
- Year Built: 2005
- Stories: 1
- Living Area: 865 SqFt
- MLS Number: 5555368
- MLS Name: ACTRIS
- Office Name: The Leaders Realty, LLC
- Office Phone: (512) 695-5144
- Listing Agent: Kristee Leonard
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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$485,000
54 Rainey St Unit 617
$5,759
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. Most Austin, TX residents have annual incomes less than $<35k. The most common type of family is single, no kids. The most common level of education of people living 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 617
The listing price of 54 Rainey St Unit 617 property is $485,000.
The property 54 Rainey St Unit 617 is a condo located in Austin, Texas, 78701.
Active Listing: 54 Rainey St Unit 617 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 54 Rainey St Unit 617 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 617 has 1 bedroom and 1 bathroom.
The property 54 Rainey St Unit 617 is 865 SqFt (source: MLS/tax record).
The year of construction for 54 Rainey St Unit 617 is 2005.
This home is located at 54 Rainey St Unit 617 in Austin, TX and zip code 78701 in the Downtown neighborhood. This 865 square foot home was built in 2005. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since June 7, 2025 and is currently priced at $485,000.
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. In May 2025 in Austin, TX there were 17.3% more homes for sale than in April. In May 2025, listings were on the market for 47 days. During the same period, the median list price in this real estate market was $575,934.
From Rocket Homes Real Estate and based on county public records data.