$989,000
3 bd · 3 ba · 1,956 sqft
54 Rainey ST, Austin, TX 78701
54 Rainey ST, Austin, TX 78701 is a 3-bedroom, 3-bathroom condominium listed at $989,000 ($506/sqft). 1,956 sqft. Built in 2005. Located in Rainey Street District, Austin TX. Priced 40% below the Rainey Street District median of $849/sqft. MLS #2440461. Listed by Compass RE Texas, LLC.
Property Overview
This condo at 54 Rainey ST in Austin, TX 78701 is listed at $989,000. The home features 3 bedrooms, 3 bathrooms, 1,956 square feet of living space. It sits on a 492.23 sqft lot. Built in 2005. At $506/sqft, this property is priced 40% below the Rainey Street District median of $849/sqft. Located in the Rainey Street District neighborhood of Austin.
Agent Description
Experience elevated downtown living at Milago, where style, space, and sweeping views come together in one exceptional residence. This beautifully appointed 3-bedroom, 2.5-bath condo offers nearly 2,000 square feet (1,956 SF) of light-filled living space in one of Austin’s most desirable waterfront buildings. From the moment you enter, you’re greeted by expansive windows that flood the home with natural light and frame stunning views the downtown skyline and Lady Bird Lake. Rich wood flooring runs throughout, creating a warm, cohesive feel across the open-concept living and dining areas—perfect for entertaining or simply enjoying the view. The gorgeous kitchen is both functional and refined, featuring quartz countertops, a custom backsplash, an extra-deep sink, and abundant cabinet space for effortless organization. Whether you’re hosting friends before a night out or preparing a quiet dinner at home, this kitchen is designed to impress. The spacious primary suite offers a true retreat, complete with a luxurious ensuite bath boasting a double vanity, large soaking tub, and separate walk-in shower. Two additional bedrooms provide flexibility for guests, a home office, or a dedicated fitness or media space. Located just steps from the Town Lake Trail, you’ll have immediate access to miles of scenic waterfront paths, along with some of Austin’s best dining, shopping, and entertainment. Residents of Milago enjoy premium amenities including a beautiful pool and a fully equipped fitness center. This is downtown Austin living at its finest—spacious, sophisticated, and perfectly positioned to enjoy the best of the city.
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 $506/sqft, this listing is priced 40% below the Rainey Street District median of $849/sqft.
Property Details
| Property Type | Condominium |
| Year Built | 2005 |
| Bedrooms | 3 |
| Bathrooms | 3 |
| Living Area | 1,956 sqft |
| Lot Size | 492.23 sqft |
| Price per Sqft | $506 |
| Listed | Mar 5, 2026 |
| MLS # | 2440461 |
| Listed By | Compass RE Texas, LLC |
Listing data last updated:
Frequently Asked Questions
What is the listing price of 54 Rainey ST, Austin, TX 78701?
This property is listed at $989,000, which is $506 per square foot. That is 40% below the Rainey Street District area median of $849/sqft.
How many bedrooms and bathrooms does 54 Rainey ST, Austin, TX 78701 have?
This home has 3 bedrooms and 3 bathrooms, with 1,956 square feet of living space.
When was 54 Rainey ST, Austin, TX 78701 built?
This property was built in 2005, making it 21 years old.
What neighborhood is 54 Rainey ST, 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, Austin, TX 78701 been on the market?
This listing has been on the market for 16 days.
What type of property is 54 Rainey ST, Austin, TX 78701?
This is a Condominium on a 492.23 sqft lot.