$400,000
1 bd · 1 ba · 852 sqft
54 Rainey ST, Austin, TX 78701
54 Rainey ST, Austin, TX 78701 is a 1-bedroom, 1-bathroom condominium listed at $400,000 ($469/sqft). 852 sqft. Built in 2005. Located in Rainey Street District, Austin TX. Priced 20% below the Rainey Street District median of $589/sqft. MLS #9724897. Listed by TOWERS.net.
Property Overview
This one-bedroom condominium on Rainey Street offers genuine value in one of Austin, TX's most sought-after neighborhoods. Listed at $400,000—roughly 20 percent below the area median price per square foot—the 852-square-foot unit delivers direct access to the distinctive character and energy that define the Rainey Street District. Residents enjoy proximity to historic bungalow bars, Lady Bird Lake's recreational trails, and unobstructed views of the Austin skyline from a location steps away from downtown's vibrant core.
Built in 2005, this condo combines the neighborhood's walkable charm with modern urban amenities. The Rainey Street District continues to attract both young professionals and established residents seeking authentic Austin culture without sacrificing convenient city living. The location balances the area's legendary nightlife and social scene with genuine access to outdoor recreation along the lake and genuine urban walkability. For buyers prioritizing neighborhood vibrancy, skyline proximity, and established appreciation potential in central Austin, TX, this property presents an opportunity to own in one of the city's most resilient and desirable residential corridors.
Agent Description
Milago #616 has it all! This lake-facing condo is nestled in one of the most suberbly-managed and well-located buildings in downtown Austin, right on the hike and bike trail and steps from an array of coffee shops, patio lounges, and restaurants. Enjoy views of the South Congress Bridge bats right from your balcony. A BONUS ROOM sets Milago #616 apart from many downtown one-bedroom units in this price range - perfect for guests and/or from working from home! Warm-toned hardwoods throughout + a fresh coat of custom paint make the home feel crisp, clean, and turn-key. Milago residents enjoy a full suite of luxury amenities, including a 24/7 concierge, private terrace with grilling station, a rooftop pool with stunning views + grilling station + hot tub, private lounge/business center, club room, bike storage, and gym. The best of downtown living awaits!
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 $469/sqft, this listing is priced 20% below the Rainey Street District median of $589/sqft.
Property Details
| Property Type | Condominium |
| Year Built | 2005 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Living Area | 852 sqft |
| Lot Size | 217.8 sqft |
| Price per Sqft | $469 |
| Days on Market | 2112 |
| MLS # | 9724897 |
| Listed By | TOWERS.net |
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 $469 per square foot. That is 20% 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 852 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 2112 days.
What type of property is 54 Rainey ST, Austin, TX 78701?
This is a Condominium on a 217.8 sqft lot.