Rainey Street Historic District · Live market report
Milago condos
54 Rainey St, Austin, TX 78701
Prices, sold history, rental performance and inventory at Milago — refreshed from Unlock MLS.
§ 01. Market snapshot
What's happening right now.
4
For sale
Active listings
1
Under contract
Pending / AUC
4
Sold (tracked)
Last 12 months
0
Off-market
Last 12 months
$429K
Median ask
$349K – $850K
$468
Median $/sq ft
Active inventory
—
Median days on market
Current listings
—
Median time to sell
Sold in last 12 mo
1
For rent
Active rentals
$4,550/mo
Median rent
$5K – $5K
8
Leased / off-market
Last 12 months
12
Months of supply
Active ÷ sold pace
Data coverage: Our MLS feed for Milago covers Jun 2025 – Aug 2026 (≈ 14 months of records). Sold, off-market and leased figures above are limited to the last 12 months. Switch to “All” for the full history. Sold figures reflect the last list price recorded in Unlock MLS; closed sale prices are available on request.
§ 02. Pricing by floor plan
What each layout costs.
| Bedrooms | Active | Median price | Price range | Median sq ft | $ / sq ft |
|---|---|---|---|---|---|
| 1 bed | 2 | $354,000 | $349K – $359K | 756 | $468 |
| 2 bed | 1 | $499,888 | $500K – $500K | 1,164 | $429 |
| 3 bed | 1 | $849,500 | $850K – $850K | 1,557 | $546 |
§ 03. Sales history
Recently sold at Milago.
The last 4 tracked closings from the past 12 months, with size, price per square foot and time on market.
| Unit | Beds / baths | Sq ft | Last list price | $ / sq ft | Days on market |
|---|---|---|---|---|---|
| #404 | 2 / 2 | 1,189 | $550,000 | $463 | — |
| #412 | 2 / 2 | 1,164 | $685,000 | $588 | — |
| #1018 | 3 / 3 | 1,956 | $949,999 | $486 | — |
| #416 | 1 / 1 | 852 | $446,000 | $523 | — |
§ 04. Live inventory
Milago condos for sale.
Milago condos for rent.
§ 05. Listing movement
Currently under contract.
§ 06. About the building
Living at Milago.
Milago is a 14-story, 240-unit condominium at 54 Rainey Street, completed in 2005 at the corner of Rainey and Lady Bird Lake. Floor plans run from one-bedroom flats to two-bedroom corner units, with many homes facing directly onto the lake, the South Congress skyline, or the Hill Country to the west. Amenities include an outdoor pool with cabanas, fitness center, business center, owners' lounge, and 24-hour concierge. The defining feature is the location: residents step out the front door and onto the hike-and-bike trail, walk to Rainey's bars and restaurants, or reach the Convention Center and Congress Avenue in a few minutes. As one of the oldest condo buildings on Rainey, Milago offers true waterfront access at a more attainable price than the newer high-rises around it.
Building facts
- Built 2005
- 14 floors
- 240 units
- HOA $450 – $1,100/mo
- Architect: Page Southerland Page
Amenities
- ·Outdoor pool with cabanas
- ·Fitness center
- ·Business center
- ·Owners' lounge
- ·24-hour concierge
- ·Secure parking
§ 07. FAQ
Buying at Milago.
Meet Adrian
A decade in the Austin real estate market.
"Real estate isn't about square footage, it's about how a place makes you feel the moment you walk in. My job is to find you that moment."
Adrian Salas works Austin condos, every building, every floor plan, every HOA. Buyers get building-by-building intel. Sellers get pricing grounded in the comps that matter.
Considering Milago? Adrian has either sold there, leased there, or toured there.
Austin Marketing + Development Group · TREC Licensed Realtor®