54 Rainey ST #502 - Photo 1
View all 36 photos
1 / 36
Just Listed

$849,500

54 Rainey ST #502, Austin, TX 78701

Milago Condo Amd

Bedrooms3
Bathrooms2
Sq Ft1,557
Acres0.01
Year Built2005

About This Property

Perched on the fifth floor of The Milago, this exceptional 3-bed, 2-bath home offers breathtaking west-facing views of the Downtown Austin skyline and Lady Bird Lake. Inside, an open-concept floor plan is filled with natural light streaming through expansive windows that perfectly frame the panoramic views. Rich wood flooring extends throughout the living areas and all three bedrooms, while modern finishes and clean architectural lines create a contemporary feel. The kitchen is thoughtfully designed with granite countertops, stainless steel appliances, ample cabinetry, and a breakfast bar for casual dining, while a dedicated dining area provides the perfect setting for larger gatherings and dinner parties. Just beyond the living room, a private balcony invites you to enjoy morning coffee or evening cocktails overlooking the Austin skyline and Lady Bird Lake. The spacious primary suite serves as a peaceful retreat, featuring a spa-inspired ensuite bath with a soaking tub, walk-in shower, and a custom walk-in closet. Two additional bedrooms offer flexibility for guests, a home office, or additional living space. Residents of Milago enjoy an exceptional collection of amenities, including 24-hour concierge service, secure garage parking, a rooftop pool deck with panoramic views, a fitness center, club room, private event terrace, and dedicated on-site storage. With direct access to the Lady Bird Lake Trail and countless restaurants, coffee shops, and entertainment options just beyond your door on Rainey Street, this residence offers the very best of Austin city living.

Property Details

Property TypeCondo
MLS #4776980
Days on Market0
Lot Size0.01 acres
HOA Fee$1,290 / Monthly
Listed8/12/2026
Last Updated8/12/2026

Location

County
Travis
School District
Austin ISD
MLS Area
DT

Size

Lot Description
None

Improvements

Garage Spaces
2
Fence
None
Exterior Features
Balcony
Heating
Central
Cooling
Central Air
Appliances
Dishwasher, Electric Range, Microwave, Stainless Steel Appliance(s)
Flooring
Tile, Wood
Windows
Window Treatments
Construction Materials
Masonry – Partial, Stucco
Foundation
Slab
Roof
Membrane
Direction Faces
West
Pool Features
None
Patio / Porch
See Remarks
View
City, Downtown, River, Skyline
Community Features
Bike Storage/Locker, Concierge, Conference/Meeting Room, Fitness Center, Lounge, Pool, Storage, Trail(s)
Covered Spaces
2
Parking Features
Assigned, Garage, Secured

Location

You Might Also Like

Listing provided by Michael Frost · Compass RE Texas, LLC · (512) 669-3897

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.

$849,500