Dwell Downtown Austin Blog

The Overlooked Condos with a View – Resale Opportunities in Downtown Austin

Posted in Austin Steals and Deals, Condos, Downtown Austin Condos by Bryan Cady on December 12, 2009

View from Milago Condominiums of Downtown Austin Texas and Lady Bird Lake

Milago Condominiums – 54 Rainey St, Austin, Texas 78701

Most buyers new to the downtown Austin condo market focus on the super luxury condominiums currently under construction including W Hotel Residences, Four Seasons as well as the Austonian Condos; however, Milago Condominiums (completed in 2006 approximately)  is a often overlooked alternative to downtown Austin living. Milago offers many of the same amenities as these super luxury condos such as 24-7 concierge, exercise facility, club room, WiFi lounge and rooftop pool at a fraction of the cost. For example, you can buy a 2-bedroom, 2 bathroom condo with 1,164 SF (per tax record) for $300,000 to $500,000 depending on the views; there are also penthouse homes available below $1M! Not only are sales prices less; the respective HOA dues (Approxiamtely $0.315 per SF per month) and property taxes are proportionally lower. See themilago.com for an overview.

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