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54 Rainey St #706

Austin, TX 78701
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Just listedJust listed
Foreclosure
2 Bedroom(s)
2 Full Bath(s)
1,341 Sqft
335 Lot Sqft
Residential - Condominium

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Description

Seller May Contribute to Buyer Expenses. Explanation ↓

Located in the heart of the vibrant Rainey Street District, this exceptional residence at 54 Rainey offers one of the most breathtaking and unobstructed views in all of Austin. Unit 706 features two spacious bedrooms, two full bathrooms, a dedicated office, and an expansive open living area perfectly positioned to capture sweeping panoramic views of Lady Bird Lake and the downtown Austin skyline from nearly every angle. Floor-to-ceiling glass fills the home with natural light and creates a truly unmatched urban living experience. Residents at 54 Rainey enjoy resort-style amenities including a stunning rooftop pool and lounge deck overlooking the city, state-of-the-art fitness center, yoga studio, dog park, concierge services, outdoor grilling and entertaining spaces, co-working areas, and beautifully designed resident lounges. Just steps from Austin’s top restaurants, nightlife, hike and bike trails, and waterfront activities, this is luxury downtown living at its finest. Priced aggressively at just $550,000 and ready to sell. Seller financing may also be available for qualified buyers with as little as 0% down.

MLS#
ABORTX-7656455
List Price
$550,000 ($410/Sqft.)
Listing Status
For Sale
Address
54 Rainey St #706
Unit No.
706
City
Austin
State
TX
Zip Code
78701
County
Travis County
Building Name
Milago Condo
Legal Description
UNT 706 MILAGO CONDOMINIUMS AMENDED PLUS .509 % INT IN COM AREA
Property Type
Residential - Condominium
Bedroom
2 Bedroom(s)
Bath
2 Full Bath(s)
Garages
2 / Appraisal District
Stories
1
Building Size
1,341 Sqft/Public Records
Year Built
2005 /Public Records
Lot Size
335 Sqft/Appraisal District
Maintenance Fee
$965 / Monthly

Interior

Number Of Living Area
1
Number Of Dining Area
1
Floors
Tile, Wood
Cooling
Central Air
Heating
Central
Appliances
Dishwasher, Dryer, Electric Range, Microwave, Oven, Range, Refrigerator, Washer, Washer/Dryer, Wine Cooler, Wine Refrigerator
Security System
See Remarks,Smoke Detector(s)
Interior
See Remarks, Bar, Bookcases, Built-in Features, Ceiling Fan(s), Chandelier, Counter-Granite, Counter-Stone, Pantry, Primary Bedroom on Main, Walk-In Closet(s)

Exterior

Roof
Flat Tile
Foundation
Slab
Private Pool
No
Exterior Type
Masonry
Lot Description
City Lot, Near Public Transit, See Remarks
Parking
Assigned, Garage, See Remarks
Parking Space
Garage 2 / Parking 2
Front Door Face
SW
Views
City,City Lights,Downtown,Lake,River,Skyline
Exterior
Balcony, See Remarks

Extra details you may need to know

Dwelling Type
High Rise (8-13 Stories)
Community Features
See Remarks,Fitness Center,Park,Pool

Financial information

Maintenance Fee
$965.00/Monthly

Lot Information

Lot Size
335 Sqft. /Appraisal District
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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy
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Information source

unlock MLS
Source last updated May 12, 2026 at 12:09 PM
Listing last updated May 12, 2026 at 11:39 AM
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Cost/Sqft based on tax value

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Estimated Monthly Payments

DOWN PAYMENT
Loan Term
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Full Page
Presented by TimeValue Software ©2021
Principal & InterestTaxes30.4%69.6%
Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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Assigned schools

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Notice & Disclaimer
School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.

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