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Jeannette Spinelli

Broker Associate & Founder | Spinelli Residential Group | KW - Austin Portfolio Real Estate

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54 Rainey St 1201 , Austin, TX 78701
$4,900
Est. Payment: $24.61/mo
2 Bed
2 Bath
1289 Sqft
Status: active | Days on site: 3
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Jeannette Spinelli
Broker Associate & Founder
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House 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.
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Highlights

Listed by Sherene Mayner , (512) 689-9324 Womack Real Estate LLC , (512) 626-0621. Austin MLS mls logo

Property Type

Residential Lease
Lot/Acreage
0.01

Year Built

2005

County

Travis

Area

DT

 Neighborhood

Milago Condo Amd

 School District

Austin ISD

Listing ID

2708728

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:2
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2
Appliances:Dryer, Dishwasher, Electric Range, FreeStandingElectric Range, Disposal, Washer
Floor:Tile,Wood
Other:Ceiling Fan(s),High Ceilings,Multiple Primary Suites,Open Floorplan,Pantry,Quartz Counters,Recessed Lighting,Storage,Soaking Tub,Smart Thermostat,Walk-In Closet(s),Pets Allowed
Other:Private

Exterior Features

Others:Balcony
Sewer:Private Sewer
Parking Features:Assigned,Guest,Covered
Principal Interest
$25
Taxes
$3

Home Price

$4,900

Loan Details

30 yrs
6.434%

Down Payment

20%
$980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$24.61

Principal

Taxes

Principal Taxes HOA Total
Monthly $24.61 $3.12 $0.00 $27.73
Yearly $295.29 $37.49 $0.00 $332.77
Total $8,858.58 $1,124.55 $0.00 $9,983.13

Today's Rates

30 Year

6.43%

20 Year

6.23%

15 Year

5.8%

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Market insight data is pulled from the same city as the listing being viewed (Austin, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MLS GRID as of the date listed below. 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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Listings courtesy of Austin MLS as distributed by MLS GRID

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Data last updated: 2026-07-17T15:20:32.000Z

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