54 Rainey ST #608, Austin, TX — photo 1
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$519,000
1 beds1 baths893 sqft

54 Rainey ST #608, Austin, TX 78701

MLS #248924655 · Brauman Realty, Inc · Joanne Flynn

Residential
Built in 2005
0.01 Acres Lot
$581/sqft
HOA $741 / monthly

About this home

Don't miss this rare opportunity to have the most beautiful and peaceful view of the downtown Austin skyline. This one bedroom condo also has a study with built-ins that can double as a guest room or a child's bedroom. Watch the fireworks from your balcony and see the infamous bats fly out from the congress bridge at dusk. The Trail and Lady Bird Lake are right out the back door. There is no other condo building so conveniently located for your outdoor activities - walking, running, biking, paddle boarding, kayaking and more. On Rainey St you will find a grocery store, med-spa, salon, fabulous restaurants and popular bars.

Property details

Property type
Residential · Condominium
Status
Active
Year built
2005
Full baths
1
Lot size
0.005
Subdivision
Milago Condo Amd
MLS area
DT
MLS #
248924655

Features

Interior features

  • Breakfast Bar
  • Elevator
  • Entrance Foyer
  • High Ceilings
  • Primary Bedroom on Main
  • No Interior Steps
  • Bookcases
  • Multiple Living Areas
  • Study/Home Office

Exterior features

  • Boat Ramp
  • No Exterior Steps

Additional details

Parking
Garage, Reserved
Garage spaces
1
Roof
Flat Tile
Foundation
Pillar/Post/Pier
HOA
$741 / monthly

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Schools

Assigned schools per the MLS.

School district
Austin ISD
Elementary
Mathews
Middle
O Henry
High
Austin

See Austin ISD schools & boundaries →

Comparable homes near 54 Rainey ST #608

Similar homes currently for sale nearby, ranked by distance.

Getting around

Downtown Austin
0.7 mi
Austin-Bergstrom Airport
6 mi

Straight-line distance, not drive time.

Market insights

Compared with 373 active homes in ZIP 78701 · HomeLocating listings

Area median price
$657,000
This home vs. median
21% below
Homes with a price cut
27%

At $519,000, this home is priced 21% below the $657,000 median across 373 active homes in ZIP 78701, including other homes in Milago Condo.

Estimated monthly payment

$4,360/mo
Principal & interest$2,624/mo
Property taxes (est.)
Home insurance (est.)
HOA dues

Home price

$519,000

Down payment

20% ($103,800)

Loan details

30-yr fixed, 6.50%

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Estimate only, not a lending offer or MLS data. Taxes, insurance, and HOA figures are estimated (see ⓘ above for detail); contact a lender to confirm your exact rate and payment.

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Listing courtesy of Brauman Realty, Inc · Joanne Flynn

Listing data last updated Oct 25, 2026, 11:46 AM

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