Milago#811
54 Rainey St #811, Austin, TX 78701
$349,000$462/SF
Bedrooms
1
Bathrooms
1
Living Area
756 sf
Days on Market
91
About This Property
Live ON the lake and trail. Enjoy the best of downtown Austin living in this pristine condo with 1-Bedroom, 1-Bath + Balcony at Milago Condominiums. Located on vibrant Rainey St. with direct access to Lady Bird Lake & Trail, this residence offers a spacious open floor plan, natural light, a balcony looking down on Rainey St. and a reserved parking space in the gated garage. Amenities include a rooftop pool and spa, 2nd floor fitness center and party/club room, and 1st floor lounge looking out to a private patio, the trail and the lake. Top notch concierge service and secure access 24/7. Walk to dining, entertainment, nightlife and outdoor recreation while enjoying a convenient lock-and-leave lifestyle. Milago is the only downtown condo building that is right on Lady Bird Lake and in the popular Rainey Street Historical District.
Property Details
Listed by Joanne Flynn, Brauman Realty, Inc
Source: Unlock MLS, MLS# 2641435
Information deemed reliable but not guaranteed.
Price History
| Jun 28, 2026 Day 23 | Price change | $359,900→$349,000-3.0% $462/sqft |
| Jun 5, 2026 | Listed for sale | $359,900+80.0% $476/sqft |
Show previous listings (2)▾
| Jun 19, 2009 Day 118 | Sold | — |
| Apr 26, 2009 Day 64 | Pending | $199,900 $264/sqft |
| Feb 21, 2009 | Listed for sale | $229,000 $303/sqft |
| Feb 21, 2009 Day 0 | Price change | $229,000→$199,900-12.7% $264/sqft |
| Nov 8, 2006 Day 26 | Leased | — |
| Nov 7, 2006 Day 25 | Pending | $1,500/mo $2/sqft |
| Oct 13, 2006 | Listed for rent | $1,500/mo $2/sqft |
Sold and leased prices aren't shown per Unlock MLS rules — reach out to Jacob for this info.
Below: which way the unit faces, the floor plan, the building (year built, residences, amenities), the neighborhood character, and how this unit's $/SF lines up with recent sales here.
The Building — Milago
Built
2006
Floors
13
Residences
240
The Neighborhood — Rainey Street District
Historic bungalow bars meet luxury high-rise living on Austin's most dynamic lakefront street.
About Rainey Street District →Is It Priced Right?
Milago's 1-bedroom units, last 12 months · 5 closed sales
This range is a gauge, not a recommended price. What a unit should actually sell for depends on its floor, finishes, view, outdoor space, condition, and timing — this is one tool to orient yourself, not the answer.
How fast it's moving
On market 91 days — faster than the 154-day typical.
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