$509,000

bed

bath

798

square ft

54 Rainey St #PH20

Austin, Texas 78701

Active / MLS #6916651 / Condo / Austin

Listing information updated 9/11/2026 at 8:29pm

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.

Full Features

Exterior Type:

Masonry - All Sides

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Central

Appliances:

Built-In Oven(s), Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Free-Standing Range, Refrigerator, Washer/Dryer Stacked

Main Level Primary Bedroom:

Yes

Pool:

Age:

21 Years

Roof Type:

See Remarks

Parking Type:

Reserved

Parking Spaces:

Garage:

Garage - 1 Car(s)

Water Front:

Yes

Water Features:

Lake Front

Square Feet:

798

Internal Features:

Breakfast Bar, Ceiling-High, Primary Bedroom on Main, Granite Counters, Window Treatments

External Features:

Balcony

Taxes & Assessments

Tax Amount:

$7,709

Tax Year:

2026

Assessments:

$661 / month

Location

Zip Code:

78701

City:

Austin

County:

Travis

Schools

School District(s):

Austin ISD

Elementary School:

Mathews

Middle School:

O Henry

High School:

Austin

Exterior Type:

Masonry - All Sides

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Central

Appliances:

Built-In Oven(s), Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Free-Standing Range, Refrigerator, Washer/Dryer Stacked

Main Level Primary Bedroom:

Yes

Pool:

Age:

21 Years

Roof Type:

See Remarks

Parking Type:

Reserved

Parking Spaces:

Garage:

Garage - 1 Car(s)

Water Front:

Yes

Water Features:

Lake Front

Square Feet:

798

Internal Features:

Breakfast Bar, Ceiling-High, Primary Bedroom on Main, Granite Counters, Window Treatments

External Features:

Balcony

Tax Amount:

$7,709

Tax Year:

2026

Assessments:

$661 / month

Zip Code:

78701

City:

Austin

County:

Travis

School District(s):

Austin ISD

Elementary School:

Mathews

Middle School:

O Henry

High School:

Austin

Listing Office: @ properties Christie's International

Agent Contact Information: (512) 663-8881

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Unlock MLS as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 9/11/2026 at 8:29pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.