$400,000
1 bd · 1 ba · 893 sqft
54 Rainey ST, Austin, TX 78701
54 Rainey ST, Austin, TX 78701 is a 1-bedroom, 1-bathroom condominium listed at $400,000 ($448/sqft). 893 sqft. Built in 2005. Located in Rainey Street District, Austin TX. Priced 24% below the Rainey Street District median of $589/sqft. MLS #1203897. Listed by Realty Austin.
Property Overview
This one-bedroom condominium on Rainey Street offers exceptional value in one of Austin's most dynamic neighborhoods. Located in the heart of the Rainey Street District, the 893-square-foot residence provides direct access to the district's legendary bungalow bars, Lady Bird Lake waterfront, and the vibrant cultural scene that defines this revitalized historic corridor. At $400,000—24 percent below the neighborhood's median price per square foot—this property presents a compelling opportunity for buyers seeking an urban lifestyle without premium pricing.
The unit captures the energy of Rainey Street's transformation while maintaining the intimate scale that distinguishes the neighborhood from surrounding luxury high-rise developments. Residents enjoy walkable proximity to the lake's hike-and-bike trails, craft cocktail venues, and live music venues that draw locals and visitors alike. The strategic location balances the neighborhood's celebrated nightlife with access to downtown employment centers and Austin's broader cultural attractions.
This Rainey Street address represents an entry point into one of Austin, TX's most sought-after urban villages, where the district's historic character, modern amenities, and lakefront access converge. The pricing efficiency makes this condominium particularly attractive for first-time buyers, downsizers, and investors capitalizing on the neighborhood's continued evolution.
Agent Description
Rare NW facing 1 bed + STUDY located on Lady Bird Lake in Milago Condominiums! Unit features stainless steel appliances, wood floors, granite counter-tops, breakfast bar and balcony. Only steps away from the Hike and Bike trail and several of Austin’s finest restaurants and entertainment. Amenities include: 24/7 concierge, roof top terrace with pool and hot tub, fitness center with lake views, residents lounge, club room, and outdoor patio with grills.Restrictions: Yes Sprinkler Sys:Yes
Neighborhood: Rainey Street District
This property is located in Rainey Street District, Austin, TX. The area is known for Historic Bungalow Bars, Lady Bird Lake Access, Luxury High-Rises, Skyline Views, Vibrant Nightlife.
At $448/sqft, this listing is priced 24% below the Rainey Street District median of $589/sqft.
Property Details
| Property Type | Condominium |
| Year Built | 2005 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Living Area | 893 sqft |
| Lot Size | 217.8 sqft |
| Price per Sqft | $448 |
| Days on Market | 2045 |
| MLS # | 1203897 |
| Listed By | Realty Austin |
Listing data last updated:
Frequently Asked Questions
What is the listing price of 54 Rainey ST, Austin, TX 78701?
This property is listed at $400,000, which is $448 per square foot. That is 24% below the Rainey Street District area median of $589/sqft.
How many bedrooms and bathrooms does 54 Rainey ST, Austin, TX 78701 have?
This home has 1 bedroom and 1 bathroom, with 893 square feet of living space.
When was 54 Rainey ST, Austin, TX 78701 built?
This property was built in 2005, making it 21 years old.
What neighborhood is 54 Rainey ST, Austin, TX 78701 in?
This property is in Rainey Street District, Austin, TX. The area is known for historic bungalow bars, lady bird lake access, luxury high-rises.
How long has 54 Rainey ST, Austin, TX 78701 been on the market?
This listing has been on the market for 2045 days.
What type of property is 54 Rainey ST, Austin, TX 78701?
This is a Condominium on a 217.8 sqft lot.