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2 bed, 2 bath, 1,164 sqft on 0.01 acres in Downtown Austin. Austin, TX 78701. Last listed at $635,000, sold April 19, 2024. Austin ISD.
About This Home
This fabulous urban condo at the Milago is situated at the end of Rainey St. with easy access to Lady Bird Lake, the hike and bike trail, and numerous vibrant dining and entertainment establishments. Entire unit was recently painted throughout, and carpet was just replaced in both bedrooms. Kitchen features stainless steel appliances, ample storage space, and island with breakfast bar. Beautiful wood flooring in kitchen and living area. Primary bedroom offers ensuite full bath with dual vanity, separate shower, garden tub, and walk-in closet. Amenities in this building are top-notch including a rooftop pool, hot tub and fire pit, and large terrace area on the 3rd floor with grills and outdoor seating. Residents also enjoy 24-hour concierge service, a fitness center, clubroom, wi-fi lounge, and bike storage. Reserved parking spots on level 2 of garage are 259 and 260.
Downtown Austin runs from the Colorado River north to the Capitol, bounded by I-35 to the east and Lamar to the west. It is the densest residential market in Central Texas with high-rise condos, historic lofts, and luxury towers concentrated in distinct sub-districts.
The Seaholm District anchors the west end with the Seaholm Residences and the new Google tower reshaping the skyline. Rainey Street sits along the lake's north shore - what was a street of bungalow bars is now flanked by 40-story residential towers including 70 Rainey and The Lakeshore. The Warehouse District between 3rd and 6th Streets draws buyers who want walkable nightlife and restaurant access. Congress Avenue bisects downtown and remains the civic spine connecting the Capitol to the lake.
The Austonian (56 floors), The Independent (58 floors), and 360 Condominiums are the marquee towers. Newer projects like Sixth & Guadalupe and The Republic continue adding inventory. Price points range from $400K studio condos to $5M+ penthouses with lake and Hill Country views.
Walk Score averages 95+. The MetroRail Red Line stops at downtown station. Major employers including the State of Texas, UT Austin, and a growing tech presence (Google, Meta, Apple satellite offices) generate consistent housing demand. Nightlife, dining, live music, and Lady Bird Lake hike-and-bike trail are all within walking distance.
Buyers here are typically professionals, empty nesters downsizing from suburban estates, investors, and out-of-state relocations drawn to Austin's urban core. HOA fees range from $400/month in older buildings to $2,000+ in full-service towers. Most buildings include concierge, pool, fitness center, and secure parking.
School District: Austin ISD
View Downtown Austin neighborhood guide- Property Type
- Residential
- Year Built
- 2005
- Lot Size
- 0.01 acres
- Price / Sq Ft
- $546
- HOA
- $803.65/mo
- Garage
- 2 spaces
- Pool
- Yes
Listing information last updated April 23, 2024.
Listed by Compass RE Texas, LLC
MLS# 5172153 • Closed
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Properties displayed may be listed or sold by various participants in the MLS.
Highlights
Facts & Features
Interior
- Breakfast Bar
- Ceiling Fan(s)
- Granite Counters
- Kitchen Island
- No Interior Steps
- Open Floorplan
- Primary Bedroom on Main
- Track Lighting
- Walk-In Closet(s)
- Dishwasher
- Disposal
- Dryer
- Free-Standing Range
- Free-Standing Refrigerator
- Washer
- Carpet
- Tile
- Wood
- Heating
- Central
- Cooling
- Central Air
Exterior & Lot
- Balcony
- Stucco
- Level
- Wrought Iron
- Slab
- Covered
- Roof
- Concrete
- Lot Size
- 0.01 Acres
- Attached
- Garage
- Garage Door Opener
- Garage Spaces
- 2
- Pool
- Yes
- River Front
Financial
- HOA Fee
- $804 / mo
- Original List Price
- $635,000
- Price per Sq Ft
- $546
Utilities
- Electricity Available
- Water Source
- Public
- Sewer
- Public Sewer
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Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $635,000
- Original list
- $635,000
- Price movement
- No verified reduction
- Listed / DOM
- Jan 16, 2024
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $577,317
- Assessment Year
- 2025
- Year Built
- 2005
- Parcel ID
- 000000719703
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-9.4% | — | $577,317 | — | — |
2024-4.9% | — | $637,000 | $219,150 | $386,424 |
2023+21.8% | — | $670,000 | $219,150 | $417,850 |
2022+3.9% | — | $550,018 | $219,150 | $450,850 |
2021 | — | $529,208 | $109,575 | $440,443 |
Zoned Schools
Austin
O Henry
Mathews
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
Excluded from this estimate: property taxes and home insurance. Each requires verified amount, cadence or unit, source, and as-of details.
HOA source: MLS Grid / Unlock MLS, as of 2026-04-25T02:51:50.833075+00:00; normalized from monthly dues.
20% ($127K)
Adjustable assumption - not a lending recommendation.
$635,000
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Keenan Market Position
A sourced read on Downtown Austin pricing, timing, and property scale. No automated valuation claim.
List price
$635,000
Price per sqft
$546/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
Not available
Original to current
No verified reduction
$635K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Apr 25, 2026.
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