Milago#1201
54 Rainey St #1201, Austin, TX 78701
$4,900$4/SF
Bedrooms
2
Bathrooms
2
Living Area
1,289 sf
Days on Market
1
About This Property
Experience elevated downtown living in this stunning south-facing 2-bedroom, 2-bath residence at Milago, one of Austin's premier waterfront high-rises. Perched on the 12th floor, Unit 1201 is filled with natural light and showcases breathtaking views of Lady Bird Lake, lush treetops, and the Austin skyline through expansive floor-to-ceiling windows. The thoughtfully designed open-concept floor plan features wide-plank wood flooring, high ceilings, and spacious living and dining areas that flow seamlessly to a private covered balcony, perfect for enjoying morning coffee, spectacular sunsets, or watching paddleboarders and kayakers on the lake below. The sleek modern kitchen is appointed with contemporary cabinetry, quartz countertops, stainless steel appliances, and generous storage, making it ideal for everyday living and entertaining. The spacious primary suite offers oversized windows, ample closet space, and a beautifully finished en-suite bath. A well-appointed second bedroom and adjacent full bath provide flexibility for guests, a home office, or a roommate-friendly layout. Milago residents enjoy resort-style amenities including a rooftop pool and spa overlooking Lady Bird Lake, a fully equipped fitness center, resident clubroom, conference room, Wi-Fi lounge, 24-hour concierge, controlled access, secure parking, and direct access to the Ann and Roy Butler Hike-and-Bike Trail. Ideally located between the vibrant Rainey Street District and Downtown Austin, you'll be just steps from acclaimed restaurants, coffee shops, live music, parks, kayaking, paddleboarding, and Austin's best entertainment. Offering luxury, convenience, and exceptional south-facing views, this residence is an outstanding opportunity to experience the very best of downtown waterfront living.
Property Details
Listed by Sherene Mayner, Womack Real Estate LLC
Source: Unlock MLS, MLS# 2708728
Information deemed reliable but not guaranteed.
Price History
| Jun 26, 2026 | Listed for rent | $4,900/mo $4/sqft |
Show previous listings (2)▾
| May 10, 2022 Day 68 | Sold | — |
| Mar 3, 2022 | Listed for sale | $945,000+109.2% $733/sqft |
| Oct 20, 2008 Day 92 | Sold | — |
| Jul 20, 2008 | Listed for sale | $469,000 $364/sqft |
| Jul 20, 2008 Day 0 | Price change | $469,000→$451,700-3.7% $350/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 2-bedroom units, last 12 months · 4 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 1 days — faster than the 180-day typical.
Loading map...
Interested in this unit?
Reach out for a private showing or the full building breakdown.
Contact JacobInquire
Interested in Milago? Get in touch.