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. 11 sales closed in that span, and 3 units are listed for sale now (1 pending). The median unit sold in about 176 days. That works out to roughly 3.3 months of supply — a seller's market.
Median $/SF
$450
HOA $/SF
$0.77
Closed
11
Active now
3
Median Days on Market
176 days
Months Supply
3.3
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
- 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.
- Downtown Austin Condo Market Report: April 2026Read →
Downtown condo prices kept softening in April, but buyers showed up. 29 closings is up 70% year-over-year. After more than a year of sellers pricing where they wished the market was, April looks like the month buyers and sellers finally met in the middle.
- Downtown Austin Condo Market Report: March 2026Read →
As of March 2026, buyer activity is picking up with pending contracts up 88.9% year-over-year. Closings remained consistent with the broader pricing trend.
- Downtown Austin Condo Market Report: February 2026Read →
As of February 2026, buyer activity is picking up with pending contracts up 68.4% year-over-year. Recent closings came in above the rolling 12-month trend, suggesting the longer downtrend may be losing momentum.
Inquire
Interested in Milago? Get in touch.
