Kelsey Bates


  • Office (512)704-8931
  • Cell (512) 420-6676

54 Rainey Street 706, Austin, TX – $849,000

  • 2 Beds
  • 2 Baths
  • 1,341 Sqft
  • .01 Acres
  • 2 Beds
  • 2 Baths
  • 1,341 Sqft
  • .01 Acres

54 Rainey Street 706

Beautifully updated with breathtaking views of the downtown skyline, Congress Avenue Bridge and Lady Bird Lake! This rare and amazing floor plan features two bedrooms, 2 baths, designer kitchen, covered terrace plus a legit home office/study. The Milago is one of downtown Austin's most renowned high rises sitting on the shores of Lady Bird Lake just steps from both the nature of the Hike + Bike trail and the amazing nightlife and dining of Rainey Street. Unit #706 has been meticulously maintained and is loaded with luxury upgrades. Enjoy wonderful building amenities including 24/7 concierge, rooftop pool, spa and grill area, gym, wifi lounge and lake view terrace. This unit comes with 2 prime garage parking spaces. Washer, dryer, refrigerator and wine fridge convey!

Essential Information

  • MLS® #1575836
  • Price$849,000
  • Bedrooms2
  • Bathrooms2.00
  • Full Baths2
  • Square Footage1,341
  • Acres0.01
  • Year Built2005
  • TypeResidential
  • Sub-TypeCondominium
  • StatusActive Under Contract

Community Information

  • Address54 Rainey Street 706
  • SubdivisionMilago Condo Amd
  • CityAustin
  • CountyTravis
  • StateTX
  • Zip Code78701


  • UtilitiesSee Remarks
  • FeaturesSee Remarks
  • ParkingGarage, Assigned, See Remarks
  • # of Garages2
  • ViewLake, River, City, City Lights
  • Is WaterfrontYes
  • WaterfrontWaterfront
  • Has PoolYes


  • InteriorTile, Wood
  • HeatingCentral
  • # of Stories1
  • StoriesOne


Dishwasher, Oven, Refrigerator, Dryer, Range, Washer, Wine Refrigerator


  • Exterior FeaturesBalcony, See Remarks
  • RoofFlat Tile
  • ConstructionMasonry
  • FoundationSlab

Lot Description

See Remarks, City Lot, Near Public Transit

School Information

  • DistrictAustin ISD
  • ElementaryMathews
  • MiddleO Henry
  • HighAustin
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Price Change History for 54 Rainey Street 706, Austin, TX (MLS® #1575836)

Date Details Change
Price Reduced from $899,000 to $849,000 $50,000 (5.56%)

Property Listed by: Compass RE Texas, LLC

The information being provided is 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.

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from December 4th, 2022 at 7:00pm CST. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

All information provided is deemed reliable but is not guaranteed and should be independently verified.