Last listed at $534,900, closed on aug 2016

$530,162

•

1,164

sq ft

54 Rainey St #721, Austin, TX 78701

About this home

Spectacular location & view in premier Milago Condo, on hike & bike trail. 2 bd 2ba floor plan. Upgraded w/ granite counter tops, SS appl. , ample walk-in closets, crown molding, custom blinds, wood cabs w/ brushed chrome hardware, new carpet & paint, hardwood floors, 2 rsvd garage parking w/ controlled access, & balcony w/ Town Lake & city view! Amenities include 24 hr. concierge, rooftop pool/spa, exercise facility-brand new machines just added, lakefront courtyard, party rm/entertainment center, & bike rms. Restrictions: Yes Sprinkler Sys:Yes

CondoProperty Type

2005Year Built

304 sq ftLot Size

$455Est. Price/Sq.Ft.

2 car garageParking

Listed by Melissa Medina • Redefy Real Estate

Listed by Maggie Luce • Redefy Real Estate

Bought with Laura Olesen • Compass RE Texas, LLC

Redfin checked: 3 minutes ago

•Source:Unlock MLS #1879935

Redfin Estimate

$530,162

$4,738 under list price of $535K

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 15.4% lower than the average sale price ($627K) of 6 comparable homes.

SOLD JUN 30, 2026
$685,000
A
2 beds2 baths1,164 sq ft
54 Rainey St #412, Austin, TX 78701
SOLD JUL 2, 2026
$550,000
B
2 beds2 baths1,189 sq ft
54 Rainey St #404, Austin, TX 78701
SOLD SEP 1, 2026
$550,000
C
2 beds2 baths1,341 sq ft
54 Rainey St #706, Austin, TX 78701
SOLD MAR 2, 2026
$800,000
D
2 beds2 baths1,212 sq ft
54 Rainey St #922, Austin, TX 78701
SOLD DEC 15, 2025
$499,400
E
2 beds2 baths1,164 sq ft
54 Rainey St #713, Austin, TX 78701
SOLD JUL 1, 2026
$675,000
F
2 beds2 baths1,219 sq ft
603 Davis St #2011, Austin, TX 78701

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Earn from this home

Sell

$497,646

Est. take-home

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Rent

$3,224/mo

Redfin rental estimate

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Market trends in 78799, TX

Last updated October 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-list price

96.3%

+1.9% MoM

Median sale price

$786K

$17K MoM

Avg. days on market

93d

9 days MoM

Recently sold homes

7 MoM

New listings for sale

$160,000
1 bed1 bath608 sq ft
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$1,637,500
2 beds2.5 baths1,587 sq ft
210 Lavaca St #1912, Austin, TX 78701
$1,195,000
2 beds2 baths1,697 sq ft
70 Rainey St #1201, Austin, TX 78701
$695,000
1 bed1 bath667 sq ft
84 East Ave #1808, Austin, TX 78701
$798,000
2 beds2 baths1,221 sq ft
44 East Ave #2307, Austin, TX 78701
44 East Ave #3402, Austin, TX 78701
$1,425,000
2 beds2 baths1,386 sq ft
44 East Ave #3402, Austin, TX 78701
$469,000
Studio1 bath450 sq ft
48 East Ave #1202, Austin, TX 78701
$2,200,000
3 beds3 baths2,517 sq ft
501 West Ave #1601, Austin, TX 78701
$500,000
1 bed1 bath837 sq ft
70 Rainey St #1805, Austin, TX 78701
EARLY ACCESS
$539,000
1 bed1 bath650 sq ft
222 West Ave #2605, Austin, TX 78701
See all

Provided by Redfin

Sale history for 54 Rainey St #721

Year

Property tax

Land + Additions

Assessment*

2026

$8,288 (−25.4%)

$219,150 + $185,850

$405,000

2025

$11,112 (−14.2%)

$219,150 + $323,830

$542,980

2024

$12,949 (−5.4%)

$219,150 + $434,246

$653,396

2023

$13,694 (+21.6%)

$219,150 + $537,715

$756,865

2022

$11,257 (−10.8%)

$219,150 + $350,850

$570,000

2021

$12,625 (+3.8%)

$109,575 + $470,425

$580,000

2020

$12,158 (+3.8%)

$78,894 + $467,106

$546,000

2019

$11,711 (−3.0%)

$78,894 + $467,106

$546,000

2018

$12,079 (+3.9%)

$65,745 + $455,765

$521,510

2017

$11,630 (+13.1%)

2016

$10,285 (+13.4%)

$65,745 + $455,765

$521,510

2014

$9,070 (+6.3%)

2013

$8,535 (+12.0%)

2012

$7,620 (−2.6%)

2011

$7,821 (−17.1%)

2010

$9,432

2009

$9,432

Tax history for 54 Rainey St #721

Year

Property tax

Land + Additions

Assessment*

2026

$8,288 (−25.4%)

$219,150 + $185,850

$405,000

2025

$11,112 (−14.2%)

$219,150 + $323,830

$542,980

2024

$12,949 (−5.4%)

$219,150 + $434,246

$653,396

2023

$13,694 (+21.6%)

$219,150 + $537,715

$756,865

2022

$11,257 (−10.8%)

$219,150 + $350,850

$570,000

2021

$12,625 (+3.8%)

$109,575 + $470,425

$580,000

2020

$12,158 (+3.8%)

$78,894 + $467,106

$546,000

2019

$11,711 (−3.0%)

$78,894 + $467,106

$546,000

2018

$12,079 (+3.9%)

$65,745 + $455,765

$521,510

2017

$11,630 (+13.1%)

2016

$10,285 (+13.4%)

$65,745 + $455,765

$521,510

2014

$9,070 (+6.3%)

2013

$8,535 (+12.0%)

2012

$7,620 (−2.6%)

2011

$7,821 (−17.1%)

2010

$9,432

2009

$9,432

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

—

Year renovated

—

Sq. Ft.

1,164

Year built

2005

Style

Condo/Co-op

County

Travis County

APN

719639

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 22, 2026.

Property details

Parking

Garage/Carport Information
Has Garage
# of Garage Spaces: 2

Parking
Features: Garage
# of Covered Spaces: 2

Interior

Bedroom Information
# of Main Level Bedrooms: 2

Bathroom Information
# of Full Bathrooms: 2

Room 1 Information
Kitchen

Room 2 Information
Primary Bathroom

Room 3 Information
Primary Bedroom

Room 4 Information
Dining Room

Room 5 Information
Laundry

Equipment
Appliances: Exhaust Fan, Electric Water Heater, Free-Standing Range, Disposal, Microwave, Refrigerator

Interior Features
Window Features: Window Treatments
Unfurnished
Flooring: Carpet, Wood
Other Features: Breakfast Bar, Crown Molding, In-Law Floorplan, No Interior Steps, Track Lighting, Walk-In Closet(s)

Exterior

Building Information
Stories: 1
Roof Details: Concrete
Construction Details: Masonry

Exterior Features
Exterior Features: Elevator
Patio And Porch Features: Covered, Patio
Security Features: Security System Owned, Fire Alarm, Smoke Detector(s)
Fencing: Wrought Iron

Pool and Spa Information
Pool Features: In Ground, Community
Has Spa
Spa Features: Hot Tub, In Ground

Lot Information
Lot Size Area: 0.007
Lot Size Acres: 0.007
Lot Features: Sprinklers Automatic, Trees Small Size

Property Information
Has View
Direction Faces: North
Foundation Details: Pillar/Post/Pier, Slab
Resale

Financial

Tax Information
Annual Tax Amount: $8,757
Tax Year: 2016

Utilities

Utility Information
Utilities: Electricity Available, Natural Gas Not Available, Underground Utilities
Sewer: Public Sewer, Municipal Utility District
Water Source: Public

Heating & Cooling
Has Cooling
Cooling: Central Air
Has Heating
Heating: Central, Electric

Location

HOA Information
Has Home Owners Association
Association Name: Milago HOA
Association Fee: $467
Monthly
Association Fee Includes: Common Areas, Insurance, Maintenance Grounds, Maintenance Structure, Security

Community Information
Community Features: Fitness Center, Lake, Pool, Sauna, Sport Court(s), Storage Facilities, Trails/Paths

Public facts

Beds: 2
Baths: 2.0
Sq. Ft.: 1,164
Stories: 1.0
Lot Size: —
Style: Condo/Co-op
Year Built: 2005
Year Renovated: —
County: Travis County
APN: 719639

Home facts updated by county records on Oct 22, 2026

About this building

8 for sale

54 Rainey St Austin, TX, 78701

See photos & sale trends

Photo via 502 listing

Units for sale


415	$339,000	1 bed	1 bath	756 sq ft
811	$339,000	1 bed	1 bath	756 sq ft
—	$375,000	1 bed	1 bath	756 sq ft
	$375,000	1 bed	1 bath	756 sq ft
920	$475,000	1 bed	1 bath	750 sq ft
20	$509,000	1 bed	1 bath	798 sq ft
608	$519,000	1 bed	1 bath	893 sq ft
502	$799,999	3 beds	2 baths	1557 sq ft

Around this home

Schools

K - 12
Preschool & daycare

Mathews Elementary School

Public PreK-6 • Assigned • 1.9mi

10/10

O Henry Middle School

Public 6-8 • Assigned • 2.9mi

7/10

Austin High School

Public 9-12 • Assigned • 2.0mi

7/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

4/10 Flood Factor

Estimated 11-17% chance of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

8/10 Heat Factor

6 days above 108° expected this year, 16 days in 30 years

8/10 Wind Factor

80% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Austin, TX • 78701

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.4 hours in June and 4.9 hours in December, which is comparable to the U.S. average for solar exposure.

9.4 hrs

4.9 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$504,000 – $610,000

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Quartz countertops • Private balcony • Motorized shades

Home values near 54 Rainey St #721

Data from public records.

Address	Redfin Estimate
54 Rainey St Apt 417, Austin, TX 1 Beds \| 1 Baths \| 865 Sq. Ft.	$359,647
54 Rainey St Apt 406, Austin, TX 2 Beds \| 2 Baths \| 1341 Sq. Ft.	$566,268
54 Rainey St Apt 508, Austin, TX 1 Beds \| 1 Baths \| 893 Sq. Ft.	$494,023
54 Rainey St Apt 322, Austin, TX 2 Beds \| 2 Baths \| 1212 Sq. Ft.	$536,433
54 Rainey St Apt 812, Austin, TX 2 Beds \| 2 Baths \| 1164 Sq. Ft.	$592,393
54 Rainey St Apt 618, Austin, TX 2 Beds \| 2 Baths \| 1164 Sq. Ft.	$503,276
54 Rainey St Apt 13, Austin, TX 2 Beds \| 2 Baths \| 1164 Sq. Ft.	$537,691

Address	Redfin Estimate
54 Rainey St Apt 411, Austin, TX 1 Beds \| 1 Baths \| 756 Sq. Ft.	$351,076
54 Rainey St Apt 518, Austin, TX 2 Beds \| 2 Baths \| 1164 Sq. Ft.	$511,511
54 Rainey St Apt 711, Austin, TX 1 Beds \| 1 Baths \| 756 Sq. Ft.	$360,773
54 Rainey St Apt 920, Austin, TX 1 Beds \| 1 Baths \| 750 Sq. Ft.	—
54 Rainey St Apt 823, Austin, TX 2 Beds \| 2 Baths \| 1157 Sq. Ft.	$614,668
54 Rainey St Apt 1006, Austin, TX 2 Beds \| 2 Baths \| 1341 Sq. Ft.	$682,203
54 Rainey St Apt 415, Austin, TX 1 Beds \| 1 Baths \| 756 Sq. Ft.	$327,605

Address	Redfin Estimate
54 Rainey St Apt 414, Austin, TX 2 Beds \| 2 Baths \| 1164 Sq. Ft.	$601,611
54 Rainey St Apt 512, Austin, TX 2 Beds \| 2 Baths \| 1164 Sq. Ft.	$573,088
54 Rainey St Apt 309, Austin, TX 2 Beds \| 2 Baths \| 1164 Sq. Ft.	$527,123
54 Rainey St Apt 522, Austin, TX 2 Beds \| 2 Baths \| 1212 Sq. Ft.	$510,583
54 Rainey St Apt 1112, Austin, TX 2 Beds \| 2 Baths \| 1164 Sq. Ft.	$622,459
54 Rainey St Apt 1203, Austin, TX 1 Beds \| 1 Baths \| 865 Sq. Ft.	$375,055
54 Rainey St Apt 401, Austin, TX 2 Beds \| 2 Baths \| 1289 Sq. Ft.	$556,280

Property information provided by Unlock MLS when last listed in 2016. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 78799, TX

Sale history for 54 Rainey St #721

Tax history for 54 Rainey St #721

Public record

Property details

About this building

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 78701

Home values near 54 Rainey St #721

More real estate resources