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Austin · Milago Condo Amd

$509,000 64 days on market

54 Rainey St #PH20, Austin, TX 78701

  • 1bedrooms
  • 1bathrooms
  • 798sqft
  • 2005year built

About this home

A rare opportunity to live on the Penthouse Floor at Milago, where elevated downtown living meets the tranquility of Lady Bird Lake. Set on the building’s private top residential floor, this distinctive one-bedroom residence offers 10-foot ceilings, professionally designed walk-in closet, added security and an exceptional 165-square-foot double covered balcony with beautiful lake views—creating a seamless extension of the living space.

The penthouse floor has just undergone a beautiful renovation of its common areas, adding a fresh, sophisticated arrival experience exclusive to this level. Throughout Milago, additional common spaces are also in the midst of an extensive renovation, bringing a new level of style and refinement to the building.

Inside, fresh interior paint creates polished feel, while the kitchen features granite countertops, modern cabinetry and stainless steel appliances. Dining area offers generous space for entertaining, working from home or simply enjoying the luxury of extra room.

Just above, escape to the rooftop pool and hot tub, where sweeping skyline views provide a spectacular backdrop for morning swims or evenings under the city lights. Residents also enjoy a private lounge, clubroom, conference space, fitness center and 24-hour concierge. Parking and Storage.

Property

Type
Condominium
Levels
One
Year built
2005
Subdivision
Milago Condo Amd
MLS #
ACT6916651

Inside

Bedrooms
1
Bathrooms
1
Living area
798 sqft

Outside / parking

Garage spaces
1
Waterfront
Yes

Schools

Elementary
Mathews
High school
Austin
District
Austin ISD

Costs

HOA
$661 / monthly
Est. annual taxes
$7,710 (2026)

Listing

First listed
Aug 22, 2026
Days listed
64
Status
Active

Listed by Jonna Juul-Hansen, Christies Intl Real Estate Lone Star · [email protected] · MLS# ACT6916651 · Active

Estimate your monthly payment

Loan

Down payment
%
0%10%20%30%40%50%
Loan term
Interest rate (%)
3%5%7%9%

Yearly costs

Monthly payment

$0

Total monthly

Principal & interest
$0
Property tax
$0
Insurance
$0
HOA
$0
Loan amount
$0

Estimate only. Tax / insurance defaults are typical Texas figures; your actual numbers will vary. Talk with a lender for a real quote — I can refer you to one I trust.

Where this home sits

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