
54 Rainey St, Austin, TX 78701
What This Condo Offers
Welcome to Milago Unit 922, a spacious 2-bedroom, 2-bath residence offering breathtaking panoramic views of Downtown Austin and Lady Bird Lake. Ideally... positioned at the tranquil end of Rainey Street, this premier condo blends peaceful lakeside living with immediate access to Austin’s most vibrant dining and entertainment district. This home underwent a comprehensive $150,000 remodel in 2017, completed through a thorough six-month renovation process. Enhancements include new hardwood flooring throughout, reconfigured walls and closets for improved functionality, custom pocket doors, and fully updated bathrooms with new toilets, showers, and modern finishes. The kitchen was completely redesigned with all-new appliances, cabinetry, and countertops, creating a refined, timeless space ideal for everyday living and entertaining. Designed for modern living, the residence features oversized windows with automatic power shades, abundant natural light throughout and seamless indoor-outdoor connection highlighting city and lake views BONUS FEATURES include two premium GROUND LEVEL parking spaces, a dedicated storage unit, refrigerator, and stackable washer/dryer—all included for your convenience. The Milago Condominiums recently completed its first building-wide assessment since original construction, funding major capital improvements including roof replacement and elevator upgrades. The seller has already paid the full assessment for Unit 922, offering peace of mind and value to the next owner. Additionally, the building will soon begin a refresh of common areas and hallways, further enhancing the community’s appeal and long-term value. Milago residents enjoy resort-style amenities, including: - Rooftop pool & spa with grilling stations - 2nd-floor fitness center and club room - 1st-floor resident lounge and landscaped outdoor patio - 24-hour concierge service MLS ID 5910542
Unit 922
- $4,150 / month
- 2 Beds
- 2 Baths
- 1212 sq. ft.
- Available Now
Condo Features
- Balcony
- Dishwasher
- Disposal
- Hardwood Floors
- Microwave
- Refrigerator
- Tile Floors
54 Rainey St Unit 922 is located in Austin, Texas in the 78701 zip code.
Condo Details
Views
- Lake
- Downtown
Home Design
- Built in 2005
- Condominium
Interior Spaces
- High Ceiling
- Built-In Features
- 1-Story Property
- Ceiling Fan
- 1212 Sq Ft Home
Kitchen
- Stainless Steel Appliances
- Electric Range
- Breakfast Bar
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
- 2 Bedrooms | 2 Bathrooms
Laundry
- Stacked Washer and Dryer
Home Security
- Fire and Smoke Detector
- Fire Sprinkler System
Parking
- Secured Garage or Parking
- 2 Car Garage
- Community Parking Structure
- Reserved Parking
Outdoor Features
- Balcony
- Outdoor Gas Grill
Lot Details
- Lake Front
- 305 Sq Ft Lot
- Private Entrance
- Northwest Facing Home
Schools
- Mathews Elementary School
- O Henry Middle School
- Austin High School
Utilities
- Central Heating and Cooling System
- Public Water Source
- Electricity Connected
- Water Connected
- Public Sewer
Listing and Financial Details
- Security Deposit $4,150
- 12 Month Lease Term
- $50 Application Fee
- Assessor Parcel Number 02030313630000
- Tenant pays for all utilities
Community Details
Overview
- 240 Units
- Property has a Home Owners Association
- Milago Condo Amd Subdivision
Amenities
- Concierge
- Business Center
- Meeting Room
- Lounge
- Community Barbecue Grill
- Common Area
Recreation
- Fitness Center
- Community Pool
Pet Policy
- Pets allowed on a case-by-case basis
- Pet Deposit $300
Explore Commute Options
- Drive Time--
- Walk Time--
- Bike Ride Time--
- Public Transit--
Get In Touch
Austin, TX 78701

The information included in this listing is provided exclusively 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. ABoR, ACTRIS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property listing is offered without respect to any protected classes in accordance with the law. Copyright © 2026.
Neighborhood Scores
Walk Score ®
Very Walkable88 / 100
Transit Score ®
Good Transit60 / 100
Bike Score ®
Biker's Paradise91 / 100
Travel and Transit

Local Education
Colleges and Universities
School
Commute Time (Distance)
University of Texas at Austin
Drive: 5 min (2.3 mi)
Austin C.C., Rio Grande Campus
Drive: 5 min (2.6 mi)
Austin C.C., Eastview Campus
Drive: 6 min (2.9 mi)
St. Edward's University
Drive: 6 min (3 mi)
Discover Texas Capital, Austin, TX
Shopping Centers
Shoppers will appreciate 54 Rainey St Unit 922 proximity to 805 & 809 E 6th St, 6th & Congress, and Pecan Business Square. 805 & 809 E 6th St is 0.8 miles away, and 6th & Congress is within a 17 minute walk.
Commuting
With a TransitScore of 60, 54 Rainey St Unit 922 has good transit, including 8 transit stops within 36.5 miles. Transit options include Downtown Station and Plaza Saltillo Station.
Parks and Recreation
Recreational activities near 54 Rainey St Unit 922 are plentiful. Discover 5 parks within 3.2 miles, including Lady Bird Lake, Umlauf Sculpture Garden and Museum, and Blunn Creek Nature Preserve.
Airports
Living in Texas Capital provides easy access to Austin-Bergstrom International, located just 22 minutes from 54 Rainey St Unit 922.
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