For Sale Condo MLS# ACT6916651

54 Rainey St #PH20

Austin, TX 78701

$509,000

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About 54 Rainey St #PH20

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
Condominium
MLS type
Residential
Status
Active
Year built
2005
Stories
One
Living area
798 sqft
Price / sqft
$638
Full baths
1
Original price
$509,000
MLS #
6916651

Interior

Features
Breakfast Bar, Ceiling-High, Primary Bedroom on Main, Granite Counters
Appliances
Built-In Oven(s), Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Free-Standing Range, Refrigerator, Washer/Dryer Stacked
Flooring
Carpet, Slate, Wood
Heating
Central
Cooling
Central Air
Laundry
Laundry Closet
Windows
Window Treatments

Exterior & lot

Features
Balcony
Foundation
Slab
Lot
Greenbelt
View
Lake, Panoramic, River
Waterfront
Lake Front
Parking
Reserved
Garage spaces
1

Schools

District
Austin ISD
Elementary
Mathews
Middle
O Henry
High
Austin

Utilities

Utilities
Electricity Available, Other, Sewer Available, Water Available
Water
Public
Sewer
Public Sewer
Security
Key Card Entry, Secured Garage/Parking

Financial

HOA
Yes
Annual tax
$7,710
Tax year
2026
Parcel
02030314410000
Legal
UNT PH20 MILAGO CONDOMINIUMS AMENDED PLUS .303 % INT IN COM AREA
Special conditions
Standard

Location

Subdivision
Milago Condo Amd
County
Travis
Directions
From Cesar Chavez, turn south on Red River. Left on Davis at Hotel Van Zandt. Right on Rainey.

Location

Neighborhood
Milago Condo Amd

Ask about this property

Questions on 54 Rainey St #PH20, or want to see it in person?

Listed by Jonna Juul-Hansen, Christies Intl Real Estate Lone Star

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.