54 Rainey ST #920, Austin, TX 78701
MLS #248657501 · Compass RE Texas, LLC · Barbara Van Dyke
About this home
Enjoy a front-row seat to Lady Bird Lake from this ninth-floor residence at Milago, where panoramic water views and abundant natural light create an inviting retreat in the heart of downtown Austin. Expansive windows frame the lake from nearly every room, while a private balcony extends the living space outdoors, offering a beautiful setting to take in the views and enjoy the waterfront surroundings. Streamlined for comfort and convenience, Unit 920 features an open, efficient floor plan that makes the most of its space and exceptional setting. Whether enjoyed as a full-time residence, weekend getaway or lock-and-leave retreat, the home offers an appealing balance of urban living and everyday comfort. Milago's amenities further enhance the experience, with a rooftop pool offering sweeping views of the lake and downtown skyline, a fitness center, concierge services and inviting common areas. Just outside the building, the Lady Bird Lake hike-and-bike trail invites morning walks, afternoon bike rides and easy access to Austin's waterfront parks and green spaces. In the other direction, the vibrant Rainey Street District offers an eclectic collection of restaurants, coffee shops and entertainment, all within easy walking distance. With its exceptional waterfront location, captivating lake views and proximity to downtown Austin's dining, entertainment and cultural destinations, Milago Unit 920 offers a distinctive opportunity to enjoy the best of Austin's urban and outdoor lifestyles.
Property details
- Property type
- Residential · Condominium
- Status
- Active
- Year built
- 2005
- Full baths
- 1
- Lot size
- 0.004
- Subdivision
- Milago Condo Amd
- MLS area
- DT
- MLS #
- 248657501
Features
Interior features
- Breakfast Bar
- No Interior Steps
- Primary Bedroom on Main
- Track Lighting
- Walk-In Closet(s)
- Granite Counters
Exterior features
- Balcony
- Boat Ramp
Additional details
- Parking
- Reserved
- Garage spaces
- 1
- Roof
- See Remarks
- Foundation
- Slab
- HOA
- $622 / monthly
- Annual tax
- $7,259
Location
View Street ViewLoading map…
Schools
Assigned schools per the MLS.
- School district
- Austin ISD
- Elementary
- Mathews
- Middle
- O Henry
- High
- Austin
Comparable homes near 54 Rainey ST #920
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
At $475,000, this home is priced 28% below the $657,000 median across 373 active homes in ZIP 78701, including other homes in Milago Condo.
Estimated monthly payment
Home price
$475,000
Down payment
20% ($95,000)
Loan details
30-yr fixed, 6.50%
Free & no obligation — we'll connect you with a trusted lender.
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.
See this home in person
Interested in this home?
Ask a question or schedule a tour — we’ll follow up within 24 hours.
Listing courtesy of Compass RE Texas, LLC · Barbara Van Dyke
Listing data last updated Oct 18, 2026, 11:46 PM
Information is deemed reliable but not guaranteed and should be independently verified. Listing information is provided for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2026 HomeLocating.com.