Kelsey Bates


  • Office (512)410-8037
  • Cell (512) 420-6676

54 Rainey Street 322, Austin, TX – $750,000

  • 2 Beds
  • 2 Baths
  • 1,212 Sqft
  • .01 Acres
  • 2 Beds
  • 2 Baths
  • 1,212 Sqft
  • .01 Acres

54 Rainey Street 322

First time to market! Rare northwest corner two bedroom residence for sale on the prized terrace level of the Milago Condominiums building. A sought after combination of serene, private setting and beautiful light-filled living spaces. Original owners have taken meticulous care of the home from recent wood flooring and paint (2021) to recent Bosch and GE microwave dishwasher and refrigerator (2020), LG electric range and LG washer and dryer (2023) and on down the line. Turn key, elevated, and thoughtful updates to closets, lighting, windows treatments, plumbing, electric, HVAC, AV, and more. With none of the maintenance issues to worry about, the new owner can focus on the tranquil setting, park and lake, and enjoyment of the private terrace that leads out to the main terrace. Perfect for children, dogs, gatherings, and just stretching out with a good book enjoying the weather in the privacy of your terrace. The Milago Condominiums building is adjacent to Lady Bird Lake and the acclaimed Anna and Roy Butler Hike-and-Bike Trail. Building amenities are robust and include a full time, on-site manager, 24/7 concierge, furnished lobby, first floor terrace and WiFi lounge, bicycle storage, third floor terrace with seating and BBQ area, fitness center, club room, and rooftop pool and hot tub with additional grilling area. Emma S. Barrientos Mexican American Cultural Center expansion and the Waller Beach at Town Lake Metropolitan Park are set to finalize in Q1/Q2 2025 and will add tremendous value and beauty to the view and the property.

Essential Information

  • MLS® #2827536
  • Price$750,000
  • Bedrooms2
  • Bathrooms2.00
  • Full Baths2
  • Square Footage1,212
  • Acres0.01
  • Year Built2005
  • TypeResidential
  • Sub-TypeCondominium
  • StatusActive

Community Information

  • Address54 Rainey Street 322
  • SubdivisionMilago Condo Amd
  • CityAustin
  • CountyTravis
  • StateTX
  • Zip Code78701


  • AmenitiesConcierge
  • # of Garages2
  • ViewPark/Greenbelt
  • Is WaterfrontYes
  • WaterfrontRiver Front


Electricity Available, Phone Available, Water Available, Cable Available, Fiber Optic Available, Sewer Available


Fitness Center, Internet Access, Pool, Barbecue, Bar/Lounge, Common Grounds/Area, Community Mailbox, Concierge, Conference/Meeting Room, Gated, Lake, Package Service, Property Manager On-Site, Storage Facilities, Street Lights, Trails/Paths


Covered, Guest, Assigned, Electric Gate


  • InteriorWood
  • HeatingCentral
  • # of Stories1
  • StoriesOne


Dishwasher, Free-Standing Electric Range, Microwave, Disposal, Dryer, Oven, Refrigerator, Washer


  • Exterior FeaturesBalcony
  • Lot DescriptionBacks to Greenbelt/Park
  • RoofConcrete
  • ConstructionBrick, Stucco
  • FoundationCombination

School Information

  • DistrictAustin ISD
  • ElementaryMathews
  • MiddleO Henry
  • HighAustin

Listing Details

  • Contact Details(512) 451-2422
Please provide a valid email address.

Price Change History for 54 Rainey Street 322, Austin, TX (MLS® #2827536)

Date Details Change
Price Reduced from $839,000 to $750,000 $89,000 (10.61%)

Property Listed by: Gottesman Residential R.E.

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 May 23rd, 2024 at 7:30pm CDT. 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.