$446,000
1 bd · 1 ba · 852 sqft
54 Rainey ST, Austin, TX 78701
54 Rainey ST, Austin, TX 78701 is a 1-bedroom, 1-bathroom condominium listed at $446,000 ($523/sqft). 852 sqft. Built in 2005. Located in Rainey Street District, Austin TX. Priced 38% below the Rainey Street District median of $849/sqft. MLS #7559774. Listed by Womack Real Estate LLC.
Property Overview
This west-facing condo at 54 Rainey Street captures the essence of downtown Austin living with captivating skyline views and a flexible floor plan that adapts to modern lifestyles. Rich wood floors and gleaming granite countertops create an inviting interior, while stainless steel appliances and a stacked washer-dryer provide everyday convenience. The additional flex space offers versatility for a home office, guest room, or creative workspace.
Located in the heart of the Rainey Street District, this 852-square-foot residence sits steps from Lady Bird Lake's hike and bike trail, perfect for paddleboarding and kayaking enthusiasts. The neighborhood's eclectic mix of historic bungalow bars, upscale restaurants like Emmer & Rye, and specialty coffee shops creates an unbeatable urban atmosphere. At 39 percent below the area median price per square foot, this property delivers exceptional value in one of Austin's most sought-after walkable neighborhoods.
The Milago building elevates the experience with resort-style amenities including a rooftop pool, hot tub, fitness center, and 24/7 concierge service. Whether enjoying the vibrant nightlife scene or accessing outdoor recreation immediately outside, residents experience the complete Austin lifestyle without compromise. This is urban sophistication with authentic neighborhood character.
Agent Description
Experience refined urban living in this stunning west-facing one-bedroom condo with an additional flex space and captivating views. Step inside to find the timeless charm of rich wood floors, gleaming granite countertops, and a kitchen outfitted with sleek stainless steel appliances. A stacked washer and dryer complete the modern conveniences. The Milago’s amenities set the standard for downtown luxury, enjoy a rooftop terrace with a pool, hot tub, and BBQ grills, a well-equipped fitness center, elegant club room, ground-floor lounge, inviting patio, and 24/7 concierge service. Nestled in the heart of the vibrant Rainey Street District and just steps from Lady Bird Lake, you’ll have premier access to local favorites like Royal Blue Grocery, Emmer & Rye, Geraldine’s, Cuvee Coffee, and the Limestone Rooftop Bar. Whether you’re savoring the nightlife or exploring the scenic hike and bike trail, paddleboarding, or kayaking, everything you love about Austin is right at your doorstep. Reserved parking space #241 and storage unit #91 add convenience to this true lock-and-leave lifestyle. Discover the perfect blend of sophistication, comfort, and location. Welcome home to Milago Condominiums.
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 $523/sqft, this listing is priced 38% below the Rainey Street District median of $849/sqft.
Property Details
| Property Type | Condominium |
| Year Built | 2005 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Living Area | 852 sqft |
| Lot Size | 213.44 sqft |
| Price per Sqft | $523 |
| Listed | Nov 3, 2025 |
| MLS # | 7559774 |
| Listed By | Womack Real Estate 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 $446,000, which is $523 per square foot. That is 38% 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 1 bedroom and 1 bathroom, with 852 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 138 days.
What type of property is 54 Rainey ST, Austin, TX 78701?
This is a Condominium on a 213.44 sqft lot.