54 Rainey ST #PH20, Austin TX 78701
MLS #246866209 · Christies Intl Real Estate Lone Star · Jonna Juul-Hansen
About this home
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.
Property details
- Property type
- Residential · Condominium
- Status
- Active
- Year built
- 2005
- Full baths
- 1
- Subdivision
- Milago Condo Amd
- MLS area
- DT
- MLS #
- 246866209
Features
Interior features
- Breakfast Bar
- High Ceilings
- Primary Bedroom on Main
- Granite Counters
Exterior features
- Balcony
Additional details
- Parking
- Reserved
- Garage spaces
- 1
- Roof
- See Remarks
- Foundation
- Slab
- HOA
- $661 / monthly
- Annual tax
- $7,709
Location
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Schools
Assigned schools per the MLS.
- School district
- Austin ISD
- Elementary
- Mathews
- Middle
- O Henry
- High
- Austin
Comparable homes near 54 Rainey ST #PH20
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 351 active homes in ZIP 78701 · HomeLocating listings
At $509,000, this home is priced 25% below the $675,000 median across 351 active homes in ZIP 78701, including other homes in Milago Condo.
Estimated monthly payment
Home price
$509,000
Down payment
20% ($101,800)
Loan details
30-yr fixed, 6.50%
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Listing courtesy of Christies Intl Real Estate Lone Star · Jonna Juul-Hansen
Listing data last updated Oct 2, 2026, 11:46 PM
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