$509,000
 $2,732 est/mo Sourced by Back At You

54 Rainey St #ph20,Austin, TX 78701

Austin, TX 78701

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Description

A rare opportunity to live on the Penthouse Floor at Milago, where elevated downtown living meets the tranquility of Lady Bird Lake. Set on the building's private top residential floor, this distinctive one-bedroom residence offers 10-foot ceilings, professionally designed walk-in closet, added security and an exceptional 165-square-foot double covered balcony with beautiful lake views-creating a seamless extension of the living space. The penthouse floor has just undergone a beautiful renovation of its common areas, adding a fresh, sophisticated arrival experience exclusive to this level. Throughout Milago, additional common spaces are also in the midst of an extensive renovation, bringing a new level of style and refinement to the building. Inside, fresh interior paint creates polished feel, while the kitchen features granite countertops, modern cabinetry and stainless steel appliances. Dining area offers generous space for entertaining, working from home or simply enjoying the luxury of extra room. Just above, escape to the rooftop pool and hot tub, where sweeping skyline views provide a spectacular backdrop for morning swims or evenings under the city lights. Residents also enjoy a private lounge, clubroom, conference space, fitness center and 24-hour concierge. Parking and Storage.

Details

MLS #6916651
Listing TypeFor Sale
StyleCondominium
HOA Dues$661
Sub-TypeResale
StatusActive
Year2005
Days On Site68
Listing Provided ByChristies Intl Real Estate Lone Star | Jonna Juul-Hansen

Features

Bed(s)1
Bath(s) 1 Total
SQ Feet798
Garage1
Story(s)1
Water FrontYes
Property ViewLake, Panoramic, River

Interior

Interior FeaturesBreakfast Bar, Ceiling-High, Primary Bedroom on Main, Granite Counters
CoolingCentral Air
HeatingCentral
AppliancesBuilt-In Oven(s), Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Free-Standing Range, Refrigerator, Washer/Dryer Stacked
Fireplace FeaturesNone
Fireplaces Total0
Window FeaturesWindow Treatments
FlooringCarpet, Slate, Wood

Exterior

Exterior FeaturesBalcony
RoofSee Remarks
Foundation DetailsSlab
Lot FeaturesGreenbelt
Patio And Porch FeaturesNone
FencingNone
Construction MaterialsMasonry – All Sides
Security FeaturesKey Card Entry, Secured Garage/Parking

Parking

Parking FeaturesReserved
Garage Spaces1

Utilities

UtilitiesElectricity Available, Other, Sewer Available, Water Available
SewerPublic Sewer

Other

List AorAustin Board Of Realtors

Taxes

Property7709

Area Information

StateTX
CountyTravis
CityAustin
Zip Code78701
AreaDT
Community NameMilago Condo Amd
School DistrictAustin ISD
Elementary SchoolMathews
High SchoolAustin
Listing VS Median (in Milago Condo Amd)
Price:
$509,000
low | high
Med:
$425,000
66.502946954813% of Average
sqft:
798
low | high
Med:
753
55.639097744361% of Average
$ / sqft:
$638
low | high
Med:
$565
61.470203012443% of Average
On site:
68
low | high
Med:
22.5
100% of Average
Sourced by Back At You

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 Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of October 29, 2026 at 6:54:47 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Learn More About This Property

StateTX
CountyTravis
CityAustin
Zip Code78701
AreaDT
Community NameMilago Condo Amd
School DistrictAustin ISD
Elementary SchoolMathews
High SchoolAustin
Listing VS Median (in Milago Condo Amd)
Price:
$509,000
low | high
Med:
$425,000
66.502946954813% of Average
sqft:
798
low | high
Med:
753
55.639097744361% of Average
$ / sqft:
$638
low | high
Med:
$565
61.470203012443% of Average
On site:
68
low | high
Med:
22.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $381K - $636K
sqft: 599 - 998
Listing Updated: October 19, 2026 at 12:42:15 AM PDT