54 Rainey St APT 609, Austin, TX, 78701
About This Home
Experience elevated downtown living at Milago, one of Austin's premier waterfront high-rises in the heart of the vibrant Rainey Street District. This beautifully updated 2-bedroom, 2-bath residence offers an open-concept floor plan with rich wood flooring, abundant natural light, and contemporary finishes throughout. The renovated kitchen features white shaker cabinetry, granite countertops, stainless steel appliances, a stylish herringbone tile backsplash, and a spacious breakfast bar that seamlessly connects to the living and dining areas, perfect for entertaining. The generous living space opens to large windows that fill the home with natural light while creating a bright and inviting atmosphere. The primary suite offers a private retreat with an en-suite bath and ample closet space, while the secondary bedroom provides flexibility for guests, a home office, or additional living needs. Refrigerator, washer, and dryer convey. Milago residents enjoy exceptional amenities, including 24-hour concierge service, a rooftop pool and spa, fitness center, clubroom, and direct access to the Hike-and-Bike Trail and Lady Bird Lake. Building enhancements are currently underway, including updated hallways, a fully renovated clubroom, and new elevators, further enhancing the property's value and appeal.Enjoy walkable access to Austin's best dining, entertainment, nightlife, and outdoor recreation, all just steps from your front door. This is downtown Austin living at its finest.
Getting Around
Very Walkable
Good Transit
Very BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 2005
Materials
- Foundation: Slab
- Roof: Membrane
Type & Style
- Home type: Condo
- Property subType: Condominium
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Dryer,Electric Range,Microwave,Range,Refrigerator,Washer
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 2
Features
- Breakfast Bar,Ceiling Fan(s),High Ceilings,Granite Counters,Double Vanity,Electric Dryer Hookup,Eat-in Kitchen,Kitchen Island,Open Floorplan,Smart Thermostat,Walk-In Closet(s),Washer Hookup
- Window features: Window Coverings
- Flooring: Tile,Wood
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total interior livable area: 1,164 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 02030312800000
- Attached to another structure: Yes
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Pool features: None
- Patio & porch: None
- Exterior features: Balcony
- Fencing: None
- Has view: Yes
- View description: None
- Waterfront features: None
Lot
- Lot size: 291.85 sqft
- Features: None
Parking
- Total spaces: 2
- Parking features: Assigned,Electric Gate,Gated,Guest,Reserved
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hail
- Tornado
- Heat Wave
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters Across Texas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,679 | $32,148 |
| Home Insurance * | $263 | $3,156 |
| Property Taxes | $670 | $8,040 |
| Electricity | $238 | $2,859 |
| Total | $3,850 | $46,200 |
Income You'd Need if You Spent...
Texas FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-11 | Price change | $499,888 |
| 2026-08-04 | Price change | $515,000 |
| 2026-06-12 | Listed for sale | $530,000 |
| 2023-12-10 | Listing removed | -- |
| 2023-12-09 | Listed for rent | $1,995 |
| 2016-05-31 | Sold | -- |
| 2016-05-12 | Pending sale | $519,900 |
| 2016-02-10 | Listed for sale | $519,900 |
| 2015-06-24 | Listing removed | $475,000 |
| 2015-03-19 | Pending sale | $475,000 |
| 2015-03-19 | Listed for sale | $475,000 |
| 2015-01-22 | Sold | -- |
| 2015-01-17 | Listed for sale | $475,000 |
| 2014-12-12 | Listing removed | $475,000 |
| 2014-11-23 | Listed for sale | $475,000 |
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