$349,000

Property Overview

This one-bedroom condo at Milago Condominiums sits steps from Lady Bird Lake on Rainey Street, offering direct trail access and skyline views from one of downtown Austin's most walkable neighborhoods. At 756 square feet with an open floor plan and abundant natural light, the unit features one reserved parking space in the secured garage. Milago stands as the only condominium building positioned directly on Lady Bird Lake within the historic Rainey Street District, placing residents at the intersection of outdoor recreation and urban vitality.

Building amenities elevate the downtown lifestyle with a rooftop pool and spa, fitness center, club room, and 24/7 concierge service. The first-floor lounge overlooks a private patio opening directly onto the trail and lake. From this location, residents walk to the neighborhood's eclectic bars housed in historic bungalows, acclaimed restaurants, live music venues, and the Lady Bird Lake Trail system. The lock-and-leave lifestyle appeals to those seeking downtown engagement without the maintenance demands of a house.

Vox Residential Insight

This property offers exceptional value in the Rainey Street District, priced 42 percent below area median for the neighborhood, making it an intelligent entry point into one of Austin's most desirable urban neighborhoods. The direct lake access and building's unique positioning on Lady Bird Lake create an amenity no other condo building in this historic district can match, something the Vox Residential team recognizes as a significant differentiator in the competitive downtown market.

Agent Description

Enjoy the best of downtown Austin living in this 1-bedroom, 1-bath condo at Milago Condominiums. Located on vibrant Rainey St. with direct access to Lady Bird Lake & Trail, this residence offers an open floor plan, abundant natural light, and one reserved parking space in the gated garage. Amenities include a rooftop pool and spa, fitness center, club room, 1st floor lounge looking out to a private patio, the trail and lake as well as concierge service and secure access 24/7. Walk to dining, entertainment, nightlife and outdoor recreation while enjoying a lock-and-leave lifestyle. Milago is the only condo building situated right on Lady Bird Lake in the Rainey St. Historical District in Downtown Austin.

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 $462/sqft, this listing is priced 42% below the Rainey Street District median of $800/sqft.

Property Details

Listing data last updated: July 16, 2026

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