Austin  Standard
BuildingsMilago
Rainey Street · Downtown Austin

Milago

54 Rainey Street · 78701

7.44/ 10 Standard Score
Silver tierRanked #21 of 34 scored towers
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Milago is a 13-story condominium tower in Rainey Street, downtown Austin, completed in 2006. Designed by DG Architecture, PLLC and developed by Fairfield Development, LLC, it holds 240 residences, rising about 142 feet at 54 Rainey Street.

On the Austin Standard, Milago earns a Standard Score of 7.44, placing it in the Silver tier and ranking #21 of 34 scored downtown buildings. Its strongest dimensions are Amenities (8.8) and Location (8.2); the lowest is Age (6.5).

The numbers

Built
2006
Floors
13
Units
240
Height
142 ft

Inside the building

Every unit on record at Milago, by floor — assessed $/sqft, sizes, and values. Tap a floor to expand, then a unit for its detail.

Assessed $/sqft by floor — the view premium
Floor 1Floor 12

Building value trend (median)

-1% 20212025
2021 · $526k2026 (prelim) · $497k

TCAD appraised (market) value by tax year — a relative signal of how the county values this property over time, not a sale price (Texas is non-disclosure). The 2026 value is preliminary (pre-protest) and typically settles lower once certified.

Score breakdown

Seven dimensions, each scored 0–10, averaged into the Standard Score.

LocationWalk, transit and bike access, averaged.
8.2
AgeNewer construction scores higher, on a fixed curve.
6.5
MarketShare of units on-market and days-on-market (live MLS feed pending).
7.0
AmenitiesConcierge, pool, fitness and parking, plus standout extras.
8.8
QualityBuild quality measured against cost of living.
7.4
ViewsHeight, exposure and water or park sightlines.
6.6
SocialRental rates, occupancy and lifestyle options.
7.6

Amenities

ConciergePoolFitness centerOn-site parking
STR-restricted

Short-term rental potential

Residential zoning and HOA rules typically cap or ban short-term rentals here.

$25k+filed revenue / unit · year

InnKing area benchmark for 78701 — area-level, not building-specific · as of 2026-06

Seasonal demand (mean month = 100)

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Downtown

Milago sits in the Downtown area (ZIP 78701). Nearby Austin communities include:

12th St. Flats · 2612 W 12th Street
12th Street Place · E 12th St
706 West · 706 West Avenue
360 Condos · 360 Nueces St
904 West · 904 West Ave
1306 West · 1306 West Ave
1700 Nueces · 1700 Nueces St
1704 West · 1704 West Ave
Austonian · 200 Congress Ave
Avenue Lofts · 410 E 5th St

Other towers to compare

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