54 Rainey Street 322, Austin, 78701, TX

$750,000

2 Beds
2 Baths
1,212 Sqft
.01 Acre
2 Garages

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 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 Bosch and GE microwave dishwasher and refrigerator (2020), LG electric range and LG washer and dryer (2023) and on down the line. Turn key, elevated, and thoughtful updates to closets, lighting, windows 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, park and lake, and enjoyment of the private terrace that leads out to the main terrace. Perfect for children, dogs, gatherings, and just stretching out with a good book enjoying the weather in the privacy of your terrace.
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 WiFi 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 the property.

Essential Information
MLS® #2827536
Price$750,000
Bedrooms2
Bathrooms2.00
Full Baths2
Square Footage1,212
Acres0.01
Year Built2005
TypeResidential
Sub-TypeCondominium
StatusActive
Community Information
Address54 Rainey Street 322
AreaDT
SubdivisionMilago Condo Amd
CityAustin
CountyTravis
StateTX
Zip Code78701
Amenities
AmenitiesConcierge
Garage Spaces2
ViewPark/Greenbelt
Is WaterfrontYes
WaterfrontRiver Front
Utilities

Cable Available, Electricity Available, Fiber Optic Available, Phone Available, Sewer Available, Water Available

Features

Community Mailbox, Pool, Trails/Paths, Barbecue, Bar/Lounge, Common Grounds/Area, Concierge, Conference/Meeting Room, Fitness Center, Gated, Internet Access, Lake, Package Service, Property Manager On-Site, Storage Facilities, Street Lights

Parking

Assigned, Covered, Electric Gate, Guest

Interior
InteriorWood
HeatingCentral
# of Stories1
StoriesOne
Appliances

Dishwasher, Disposal, Microwave, Dryer, Free-Standing Electric Range, Oven, Refrigerator, Washer

Exterior
Exterior FeaturesBalcony
Lot DescriptionBacks to Greenbelt/Park
RoofConcrete
ConstructionBrick, Stucco
FoundationCombination
School Information
DistrictAustin ISD
ElementaryMathews
MiddleO Henry
HighAustin
Additional Information
Date ListedOctober 11th, 2023
Days on Market204
Listing Details
Contact Details(512) 451-2422
Property History
Price Reduced from $839,000 to $750,000
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Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from May 2nd, 2024 at 12:33pm CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

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