54 Rainey Austin TX 78701

$649,000

Property Description

First time to market! Rare northwest corner, two-bedroom residence for sale on the prized terrace level of the Milago Condominiums building. A sought-after combination of a serene, private setting and beautiful light-filled living spaces. Original owners have taken meticulous care of the home from recent wood flooring and paint (2021) to recent install of Bosch and GE microwave, dishwasher, and refrigerator (2020), LG electric range and LG washer and dryer (2023). Turnkey, elevated, and thoughtful updates to closets, lighting, window treatments, plumbing, electric, HVAC, AV, and more. With none of the maintenance issues to worry about, the new owner can focus on the tranquil setting and enjoyment of the private, 395 sqft terrace that leads out to the main terrace or relax on the additional 68 sqft west terrace. Perfect for children, dogs, gatherings, and just stretching out with a good book enjoying the weather. The Milago Condominiums building is adjacent to Lady Bird Lake and the acclaimed Anna and Roy Butler Hike-and-Bike Trail. Building amenities are robust and include a full time, on-site manager, 24/7 concierge, furnished lobby, first floor terrace and Wi-Fi lounge, bicycle storage, third floor terrace with seating and BBQ area, fitness center, club room, and rooftop pool and hot tub with additional grilling area. Emma S. Barrientos Mexican American Cultural Center expansion and the Waller Beach at Town Lake Metropolitan Park are set to finalize in Q1/Q2 2025 and will add tremendous value and beauty to the view and this unique property.

Sqft per TCAD & floor plans

Property Details

  • Price: $649,000
  • MLS #: 2827536
  • County: Travis
  • City: Austin
  • State: TX
  • Zip: 78701
  • Bedrooms: 2
  • Baths: 2
  • Status: Active
  • Type: Residential, Waterfront Property

Property Map / Directions

East on Cesar Chavez, right on Red River Street, make first left, right on Rainey Street, building is on the right.

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