Milago#706
54 Rainey St #706, Austin, TX 78701
$550,000$410/SF
Bedrooms
2
Bathrooms
2
Living Area
1,341 sf
Days on Market
47
About This Property
Located in the heart of the vibrant Rainey Street District, this exceptional residence at 54 Rainey offers one of the most breathtaking and unobstructed views in all of Austin. Unit 706 features two spacious bedrooms, two full bathrooms, a dedicated office, and an expansive open living area perfectly positioned to capture sweeping panoramic views of Lady Bird Lake and the downtown Austin skyline from nearly every angle. Floor-to-ceiling glass fills the home with natural light and creates a truly unmatched urban living experience. Residents at 54 Rainey enjoy resort-style amenities including a stunning rooftop pool and lounge deck overlooking the city, state-of-the-art fitness center, yoga studio, dog park, concierge services, outdoor grilling and entertaining spaces, co-working areas, and beautifully designed resident lounges. Just steps from Austin’s top restaurants, nightlife, hike and bike trails, and waterfront activities, this is luxury downtown living at its finest. Priced aggressively at just $550,000 and ready to sell. Seller financing may also be available for qualified buyers with as little as 0% down.
Property Details
Listed by Dustin Raye, Spyglass Realty
Source: Unlock MLS, MLS# 7656455
Information deemed reliable but not guaranteed.
Price History
| May 11, 2026 | Listed for sale | $550,000-35.2% $410/sqft |
Show previous listings (4)▾
| Jan 17, 2023 Day 110 | Sold | — |
| Sep 29, 2022 | Listed for sale | $899,000+30.8% $670/sqft |
| Sep 29, 2022 Day 0 | Price change | $899,000→$849,000-5.6% $633/sqft |
| Aug 14, 2015 Day 227 | Sold | — |
| Dec 30, 2014 | Listed for sale | $739,500-22.6% $551/sqft |
| Dec 30, 2014 Day 0 | Price change | $739,500→$687,500-7.0% $513/sqft |
| Jun 11, 2012 Day 16 | Leased | — |
| May 26, 2012 | Listed for rent | $3,300/mo $2/sqft |
| May 26, 2012 Day 0 | Price change | $3,300→$3,200/mo-3.0% $2/sqft |
| Jun 6, 2001 Day 160 | Listing removed | — |
| Dec 28, 2000 | Listed for sale | $956,000 $713/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 47 days — faster than the 180-day typical.
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