54 Rainey Street 314, Austin, TX

$735,000

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2

Beds

2

Baths

1,164

Square feet

0.01

Acres

About 54 Rainey Street 314

Experience the very best of downtown Austin living in this rare 3rd-floor residence at Milago Condominiums. Nestled in the highly sought-after Rainey Street District, this thoughtfully designed two-bedroom, two-bath home combines modern comfort with unbeatable access to Austin’s vibrant urban core. Step inside to discover an open-concept floor plan featuring a spacious living and dining area, a sleek kitchen with quartz counters, stainless steel appliances, and a large island that doubles as a breakfast bar. Natural light fills the space, while private bedrooms are thoughtfully separated for privacy and convenience. The highlight of this home is the oversized private patio that seamlessly extends your living space outdoors. Unique to this residence, the patio connects directly to Milago’s 3rd-floor terrace — complete with lounge seating and a community grill — giving you the feeling of an expansive backyard in the heart of the city. With easy access to both the elevator and stairs, you can step outside, entertain, or simply relax without leaving your floor. Additional features include: Two reserved garage spaces — a true luxury downtown Primary suite with walk-in closet and spa-inspired bath Stacked washer/dryer and wine refrigerator included Pet-friendly community Milago residents enjoy an unmatched lifestyle with amenities such as 24-hour security, a rooftop pool and spa with panoramic city and lake views, a fully equipped fitness center, a business lounge, and on-site concierge services. Direct access to the Lady Bird Lake Hike & Bike Trail puts nature at your doorstep, while Rainey Street’s dining, music, and nightlife are just steps away.

Features of 54 Rainey Street 314

MLS® # 5156148
Price $735,000
Bedrooms 2
Bathrooms 2.00
Full Baths 2
Square Footage 1,164
Acres 0.01
Year Built 2005
Type Residential
Sub-Type Condominium
Status Active

Community Information

Address 54 Rainey Street 314
Area DT
Subdivision Milago Condo Amd
City Austin
County Travis
State TX
Zip Code 78701

Amenities

Amenities Concierge
Utilities See Remarks
Features Barbecue, Community Mailbox, Conference/Meeting Room, Fitness Center, Lake, Pool, Planned Social Activities, Street Lights, Trails/Paths, Bicycle Storage, Business Center, Concierge, Maintenance On-Site, Package Service, Storage Facilities
Parking Assigned, Garage, Gated, Covered, Guest
Garage Spaces 2
Is Waterfront Yes
Waterfront Lake Front
Has Pool No

Interior

Interior See Remarks, Vinyl
Appliances Washer/Dryer Stacked, Dishwasher, Free-Standing Electric Range, Free-Standing Refrigerator, Microwave, Range Hood, Wine Refrigerator
Heating Central, Electric
Fireplace No
# of Stories 1
Stories One
Master On Main Yes

Exterior

Exterior Features Balcony, See Remarks
Lot Description See Remarks
Roof None
Construction Brick, Stone, Stucco
Foundation Pillar/Post/Pier

School Information

District Austin ISD
Elementary Mathews
Middle O Henry
High Austin

Additional Information

Date Listed September 22nd, 2025
Days on Market 21
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeWest and Swope Ranches
Contact Info(844) 888-3384

Listing Map

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