




$646,000
NAL Estimated Property Value54 Rainey ST 512, Austin, TX, 78701
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About this property
Inviting west-facing two-bedroom residence at the highly sought-after Milago Condominiums, ideally positioned alongside the renowned Lady Bird Lake. This light-filled home offers captivating lake views and a spacious open-concept layout featuring two bedrooms and two full bathrooms. The modern kitchen is equipped with granite countertops, stainless steel appliances, ample cabinetry, and generous storage throughout. Additional highlights include wood flooring throughout, custom window treatments, a private balcony, in-unit washer and dryer, and walk-in closets. The primary suite features a spa-inspired bathroom with a glass-enclosed shower and separate soaking tub. Residents of Milago enjoy an exceptional collection of amenities, including: Full-time front desk and concierge staff Expansive fitness center Bike storage Club room for social and private events Lakeside reading room Rooftop pool, hot tub, and gas grilling area Enjoy unparalleled access to Lady Bird Lake, the hike-and-bike trail, and the vibrant downtown lifestyle. Please note: Broker has a familial relationship with the owner.
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Learn About the Market: Opportunity in Austin




Explore
Austin
Austin may be the Live Music Capital of the World, but it’s also one of America’s fastest-growing innovation hubs. Fueled by tech expansion, the University of Texas, state government, and a steady influx of new residents, Austin blends startup energy with Hill Country charm.
From downtown high-rises overlooking Lady Bird Lake to booming suburbs like Round Rock and Leander, the region attracts younger professionals, entrepreneurs, and remote workers seeking opportunity with lifestyle. Austin isn’t just growing — it’s redefining what modern Texas looks like.
Population Growth
~0.4%
Net Migration
Positive
Median Home Price
$555,300
Unemployment Rate
3.20%
Price Trend
~0.4% YoY growth
New Permits
2,269 units
City: Austin
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