$4,550
 $24 est/mo Sourced by Back At You

54 Rainey St #1201,Austin, TX 78701

Austin, TX 78701

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Description

Experience elevated downtown living in this stunning south-facing 2-bedroom, 2-bath residence at Milago, one of Austin's premier waterfront high-rises. Perched on the 12th floor, Unit 1201 is filled with natural light and showcases breathtaking views of Lady Bird Lake, two balconies, lush treetops, and the Austin skyline through expansive floor-to-ceiling windows. The thoughtfully designed open-concept floor plan features wide-plank wood flooring, high ceilings, and spacious living and dining areas that flow seamlessly to a private covered balcony, perfect for enjoying morning coffee, spectacular sunsets, or watching paddleboarders and kayakers on the lake below. The sleek modern kitchen is appointed with contemporary cabinetry, quartz countertops, stainless steel appliances, and generous storage, making it ideal for everyday living and entertaining. The spacious primary suite offers oversized windows, ample closet space, and a beautifully finished en-suite bath. A well-appointed second bedroom and adjacent full bath provide flexibility for guests, a home office, or a roommate-friendly layout. This unit comes with a dedicated climate controlled storage space. Milago residents enjoy resort-style amenities including a rooftop pool and spa overlooking Lady Bird Lake, a fully equipped fitness center, resident clubroom, conference room, Wi-Fi lounge, 24-hour concierge, controlled access, secure parking, and direct access to the Ann and Roy Butler Hike-and-Bike Trail. Ideally located between the vibrant Rainey Street District and Downtown Austin, you'll be just steps from acclaimed restaurants, coffee shops, live music, parks, kayaking, paddle-boarding, and Austin's best entertainment. Offering luxury, convenience, and exceptional south-facing views, this residence is an outstanding opportunity to experience the very best of downtown waterfront living.

Details

MLS #2708728
Listing TypeFor Lease
StyleCondominium
StatusActive
Year2005
Days On Site62
Listing Provided ByWomack Real Estate LLC | Sherene Mayner

Features

Bed(s)2
Bath(s) 2 Total
SQ Feet1,289
Garage2
Story(s)1
Units240
Acreage0.01
Property ViewLake

Interior

Interior FeaturesTwo Primary Suties, Ceiling Fan(s), Ceiling-High, Quartz Counters, Open Floorplan, Pantry, Recessed Lighting, Smart Thermostat, Soaking Tub, Storage, Walk-In Closet(s)
CoolingCeiling Fan(s), Central Air
AppliancesDishwasher, Disposal, Electric Range, Free-Standing Electric Range, Washer/Dryer
FlooringTile, Wood

Exterior

Exterior FeaturesBalcony
Lot FeaturesNone
Security Features24 Hour Security, Building Security, Fire Alarm, Fire Sprinkler System, Key Card Entry, Secured Garage/Parking, Security Guard

Parking

Parking FeaturesAssigned, Covered, Guest, Reserved
Garage Spaces2

Utilities

UtilitiesElectricity Connected, Sewer Connected, Water Connected
SewerPrivate Sewer

Other

List AorAustin Board Of Realtors

Area Information

StateTX
CountyTravis
CityAustin
Zip Code78701
AreaDT
Community NameMilago Condo Amd
School DistrictAustin ISD
Elementary SchoolMathews
High SchoolAustin
Listing VS Median (in Milago Condo Amd)
Price:
$4,550
low | high
Med:
$359,000
100% of Average
sqft:
1,289
low | high
Med:
756
91.349883630721% of Average
$ / sqft:
$4
low | high
Med:
$475
100% of Average
On site:
62
low | high
Med:
87
71.264367816092% of Average
Sourced by Back At You

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 Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of August 27, 2026 at 10:45:29 AM PDT 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.

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Learn More About This Property

StateTX
CountyTravis
CityAustin
Zip Code78701
AreaDT
Community NameMilago Condo Amd
School DistrictAustin ISD
Elementary SchoolMathews
High SchoolAustin
Listing VS Median (in Milago Condo Amd)
Price:
$4,550
low | high
Med:
$359,000
100% of Average
sqft:
1,289
low | high
Med:
756
91.349883630721% of Average
$ / sqft:
$4
low | high
Med:
$475
100% of Average
On site:
62
low | high
Med:
87
71.264367816092% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $3K - $5K
sqft: 967 - 1,500
Nearby Listings Property ImageNearby Listings Details
48 EAST AVE Property Photo 1
$1,200,000
48 East Ave
Austin, TX 78701
Listing Updated: August 17, 2026 at 12:59:09 AM PDT
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