Milago
54 Rainey St, Austin, TX 78701
Loading map...
About Milago
Milago was one of the first luxury condominium towers to grace the Rainey Street area, establishing the neighborhood as a premier residential destination long before the district's entertainment boom. The 13-story building offers well-proportioned residences with quality finishes, and its lakeside position provides many units with direct views of Lady Bird Lake and the hike-and-bike trail. Milago's established community and prime location continue to make it a highly desirable address.
Amenities
Neighborhood
Milago occupies a coveted position at the southern end of Rainey Street, directly adjacent to Lady Bird Lake and its scenic trail system. The building was a pioneer in the area that has since exploded with restaurants, bars, and new residential towers. Residents enjoy both the energy of the Rainey Street entertainment district and the serenity of the waterfront, with the Convention Center and downtown core just minutes away.
Learn more about the Rainey Street District →Quick Facts
Floor Plans at Milago
One Bedroom Floor Plans
| Floor Plan | # Bed | # Bath | SQ FT (Int.) |
|---|---|---|---|
| 1 | 1 | 1,097 | |
| 1 | 1 | 845 | |
| 1 | 1 | 826 | |
| 1 | 1 | 826 |
Two Bedroom Floor Plans
| Floor Plan | # Bed | # Bath | SQ FT (Int.) |
|---|---|---|---|
| 2 | 2 | 1,157 | |
| 2 | 2 | 1,164 | |
| 2 | 2 | 1,164 | |
| 2 | 2 | 1,164 |
Three Bedroom Floor Plans
| Floor Plan | # Bed | # Bath | SQ FT (Int.) |
|---|---|---|---|
| 3 | 2 | 1,577 | |
| 3 | 3 | 1,927 | |
| 3 | 3 | 2,120 |
What the numbers show at Milago, based on closed sales.
At Milago, closed condo sales over the trailing 12 months ran a median of $450/SF, with HOA dues around $0.77/SF. 9 sales closed in that span, and 4 units are listed for sale now (1 pending). The median unit sold in about 154 days. That works out to roughly 5.3 months of supply — a seller's market.
Median $/SF
$450
HOA $/SF
$0.77
Closed
9
Active now
4
Median Days on Market
154 days
Months Supply
5.3
Seller's market
These are the headline numbers. The real story is in the details: which floors and views move the price, the finishes, and how a specific unit stacks up. Let's dig in together.
Dive deeper with JacobLoading active listings...
As Seen In Field Notes
- Last of the Supply, I-35 Mobility Feedback, & Off-MarketsRead →
What’s up with all the vacant residential high-rises?The last two new residential construction projects have begun leasing. The Waterline and The Travis...
- Downtown Austin Condo Market Report: July 2026Read →
Downtown recorded 25 condo closings in July. Pricing on the rolling 12-month line is still soft, down 5.0% from a year ago.
- Downtown Austin Condo Market: Mid-Year 2026 ReportRead →
Downtown closed 132 condos in the first half of 2026, the busiest first half since 2021 and up 23% year over year, as sellers met buyers on price. Median held at $688/SF.
- Downtown Austin Condo Market Report: June 2026Read →
Downtown recorded 29 condo closings in June. Pricing on the rolling 12-month line is still soft, down 4.2% from a year ago.
- Downtown Austin Condo Market Report: May 2026Read →
Downtown recorded 21 condo closings in May. Pricing on the rolling 12-month line is still soft, down 7.0% from a year ago.
Inquire
Interested in Milago? Get in touch.
