$530,000

Property Overview

This 2-bedroom, 2-bath residence at 54 Rainey Street showcases the sophisticated urban lifestyle that defines Austin's most coveted downtown address. Located within Milago, a premier waterfront high-rise in the heart of the Rainey Street District, this 1,164-square-foot condominium features an open-concept layout anchored by rich wood flooring and contemporary finishes. The renovated kitchen impresses with white shaker cabinetry, granite countertops, stainless steel appliances, and a striking herringbone tile backsplash that flows seamlessly into the living and dining areas. Large windows flood the space with natural light while framing views of downtown Austin's evolving skyline.

The primary suite functions as a private retreat, complete with an en-suite bath and generous closet space, while the flexible secondary bedroom accommodates guests, remote work, or creative pursuits. Building amenities at Milago deliver elevated urban living, and the location puts residents steps from Lady Bird Lake's outdoor recreation, the historic character and vibrant nightlife of Rainey Street's bungalow bars, and the luxury dining and retail scene that surrounds the neighborhood. The inclusion of refrigerator, washer, and dryer adds immediate move-in convenience.

Vox Residential Insight

This Rainey Street property represents exceptional value in one of Austin's most sought-after neighborhoods, priced 43 percent below the area median per square foot while offering direct access to downtown's best amenities. From Vox Residential's perspective, Milago's waterfront location and resident-focused services make this an increasingly rare opportunity in a district where inventory moves quickly and buyer competition remains fierce.

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 $455/sqft, this listing is priced 43% below the Rainey Street District median of $800/sqft.

Property Details

Listing data last updated: July 16, 2026

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