$465,000
2 bd · 2 ba · 1,164 sqft
54 Rainey St #609, Austin, TX 78701
54 Rainey St #609, Austin, TX 78701 is a 2-bedroom, 2-bathroom condominium listed at $465,000 ($399/sqft). 1,164 sqft. Built in 2005. Located in Rainey Street District, Austin TX. Priced 48% below the Rainey Street District median of $761/sqft. MLS #2020610. Listed by Womack Real Estate LLC.
Property Overview
This 2-bedroom, 2-bath residence at Milago on Rainey Street captures the essence of downtown Austin living at an exceptional value. Situated in the heart of the Rainey Street District, this unit offers direct access to Lady Bird Lake, the neighborhood's iconic bungalow bars, and unobstructed skyline views from an east-facing balcony. The open-concept floor plan showcases wood and tile flooring, granite counters, and a thoughtfully designed kitchen with a central island and breakfast bar that flows naturally into the living spaces. Floor-to-ceiling windows flood the unit with natural light, while smart thermostat technology and in-unit laundry add modern convenience to daily living.
The primary suite features an en-suite bath and walk-in closet, while the secondary bedroom provides flexibility as a guest room or home office. At $399 per square foot, this property sits 47% below the area median, making it an attractive entry point into Rainey Street's vibrant high-rise community. Milago's comprehensive amenities include a fitness center, pool, hot tub, concierge service, secured parking for two vehicles, and a clubhouse ideal for entertaining. The $965 monthly HOA fee encompasses all building maintenance, insurance, and security, allowing residents to enjoy the neighborhood's 24/7 nightlife and waterfront access without the typical condo hassles.
Vox Real Estate Insight
At Vox Real Estate, we recognize this pricing as a genuine opportunity in one of Austin's most desirable addresses, particularly for buyers seeking Rainey Street District proximity without the downtown luxury price tag. The 94-day DOM suggests room for negotiation, and our team has successfully positioned similar units in this building for clients seeking that urban energy with walkable convenience.
Agent Description
Experience elevated downtown living at Milago, one of Austin's premier waterfront high-rises in the heart of the vibrant Rainey Street District. This beautifully updated 2-bedroom, 2-bath residence offers an open-concept floor plan with rich wood flooring, abundant natural light, and contemporary finishes throughout. The renovated kitchen features white shaker cabinetry, granite countertops, stainless steel appliances, a stylish herringbone tile backsplash, and a spacious breakfast bar that seamlessly connects to the living and dining areas, perfect for entertaining. The generous living space opens to large windows that fill the home with natural light while creating a bright and inviting atmosphere. The primary suite offers a private retreat with an en-suite bath and ample closet space, while the secondary bedroom provides flexibility for guests, a home office, or additional living needs. Refrigerator, washer, and dryer convey. Milago residents enjoy exceptional amenities, including 24-hour concierge service, a rooftop pool and spa, fitness center, clubroom, and direct access to the Hike-and-Bike Trail and Lady Bird Lake. Building enhancements are currently underway, including updated hallways, a fully renovated clubroom, and new elevators, further enhancing the property's value and appeal.Enjoy walkable access to Austin's best dining, entertainment, nightlife, and outdoor recreation, all just steps from your front door. This is downtown Austin living at its finest.
Neighborhood: Rainey Street District
This property is located in Rainey Street District, Austin, TX. The area is known for Historic Bungalow Bars, Lady Bird Lake Access, Luxury High-Rises, Skyline Views, Vibrant Nightlife.
At $399/sqft, this listing is priced 48% below the Rainey Street District median of $761/sqft.
Property Details
| Property Type | Condominium |
| Year Built | 2005 |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Living Area | 1,164 sqft |
| Lot Size | 292 sqft |
| Price / Sqft | $399 |
| Stories | One |
| Condition | Resale |
| Unit Style | High Rise (8-13 Stories) |
| Subdivision | Milago Condo Amd |
| County | Travis |
| MLS Area | DT |
| Listed | Jun 12, 2026 |
| MLS # | 2020610 |
| Listed By | Womack Real Estate LLC |
| Contact | (512) 689-9324 |
Interior
| Flooring | Tile, Wood |
| Appliances | Dishwasher, Disposal, Dryer, Electric Range, Microwave, Range, Refrigerator, Washer |
| Interior Features | Breakfast Bar, Ceiling Fan(s), Ceiling-High, Granite Counters, Double Vanity, Eat-in Kitchen, Kitchen Island, Open Floorplan, Smart Thermostat, Walk-In Closet(s) |
| Windows | Window Coverings |
| Laundry | Laundry Closet |
| Main-Level Bedrooms | 2 |
| Living Areas | 1 |
| Dining Areas | 1 |
Systems & Utilities
| Cooling | Central Air |
| Heating | Central |
| Utilities | Electricity Connected, High Speed Internet, Sewer Connected, Water Connected |
| Water Source | Private |
| Sewer | Private Sewer |
Exterior & Lot
| Construction | Brick, Concrete, Stucco |
| Roof | Membrane |
| Foundation | Slab |
| Exterior Features | Balcony |
| Faces | East |
Parking
| Parking Spaces | 2 |
| Garage Spaces | 2 |
| Covered Spaces | 2 |
| Parking Features | Assigned, Electric Gate, Gated, Guest, Reserved |
Community & HOA
| HOA | Yes |
| HOA Name | Milago HOA |
| HOA Fee | $965 / Monthly |
| Fee Includes | Common Area Maintenance, Insurance, Maintenance Grounds, Maintenance Structure, Security |
| Community Features | BBQ Pit/Grill, Bike Storage/Locker, Business Center, Clubhouse, Cluster Mailbox, Common Grounds, Concierge, Conference/Meeting Room, Covered Parking, Fitness Center, High Speed Internet, Lock and Leave, Package Service, Pool, Recycling Area/Center, Hot Tub, Trail(s) |
| Security | Fire Alarm, Fire Sprinkler System, Secured Garage/Parking |
Assigned Schools
| Elementary | Mathews |
| Middle | O Henry |
| High | Austin |
| District | Austin ISD |
Taxes & Legal
| Tax Year | 2026 |
| Annual Tax | $9,620 |
| Assessed Value | $469,035 |
| Parcel # | 02030312800000 |
| Legal Description | UNT 609 MILAGO CONDOMINIUMS AMENDED PLUS .442 % INT IN COM AREA |
| FEMA Flood Plain | No |
| In ETJ | No |
| Disclosures | Seller Disclosure |
| Listing Conditions | Standard |
Listing data last updated:
Frequently Asked Questions
What is the listing price of 54 Rainey St #609, Austin, TX 78701?
This property is listed at $465,000, which is $399 per square foot. That is 48% below the Rainey Street District area median of $761/sqft.
How many bedrooms and bathrooms does 54 Rainey St #609, Austin, TX 78701 have?
This home has 2 bedrooms and 2 bathrooms, with 1,164 square feet of living space.
When was 54 Rainey St #609, Austin, TX 78701 built?
This property was built in 2005, making it 21 years old.
What neighborhood is 54 Rainey St #609, Austin, TX 78701 in?
This property is in Rainey Street District, Austin, TX. The area is known for historic bungalow bars, lady bird lake access, luxury high-rises.
How long has 54 Rainey St #609, Austin, TX 78701 been on the market?
This listing has been on the market for 121 days.
What type of property is 54 Rainey St #609, Austin, TX 78701?
This is a Condominium on a 291.85 sqft lot.