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54 Rainey St #502

Austin, TX 78701
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3 Bedroom(s)
2 Full Bath(s)
1,557 Sqft
392 Lot Sqft
Residential - Condominium

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Description

Seller May Contribute to Buyer Expenses. Explanation ↓

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.

MLS#
ABORTX-4776980
List Price
$849,500 ($546/Sqft.)
Listing Status
For Sale
Address
54 Rainey St #502
Unit No.
502
City
Austin
State
TX
Zip Code
78701
County
Travis County
Building Name
Milago Condo
Legal Description
UNT 502 MILAGO CONDOMINIUMS AMENDED PLUS .591 % INT IN COM AREA
Property Type
Residential - Condominium
Bedroom
3 Bedroom(s)
Bath
2 Full Bath(s)
Garages
2 / Appraisal District
Stories
1
Building Size
1,557 Sqft/Public Records
Year Built
2005 /Public Records
Lot Size
392 Sqft/Appraisal District
Maintenance Fee
$1,290 / Monthly

Interior

Number Of Living Area
1
Number Of Dining Area
1
Floors
Tile, Wood
Cooling
Central Air
Heating
Central
Window
Window Treatments
Appliances
Dishwasher, Electric Range, Microwave, Stainless Steel Appliance(s)
Security System
Building Security
Interior
Breakfast Bar, Ceiling Fan(s), Counter-Granite, Open Floorplan, Primary Bedroom on Main, Recessed Lighting, Soaking Tub, Walk-In Closet(s)

Exterior

Roof
Membrane
Foundation
Slab
Private Pool
No
Exterior Type
Masonry
Parking
Assigned, Garage, Secured
Parking Space
Garage 2 / Parking 2
Utility
Electricity Available,Sewer Available,Water Available
Front Door Face
West
Views
City,Downtown,River,Skyline
Area Pool
Yes
Exterior
Balcony

Extra details you may need to know

Dwelling Type
High Rise (8-13 Stories)
Community Features
Bike Storage/Locker,Concierge,Conference/Meeting Room,Fitness Center,Lounge,Pool,Storage,Walk/Bike/Hike/Jog Trail(s)

Financial information

Maintenance Fee
$1290.29/Monthly

Lot Information

Lot Size
392 Sqft. /Appraisal District
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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy
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Source last updated Aug 24, 2026 at 05:06 AM
Listing last updated Aug 24, 2026 at 05:06 AM
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Estimated Monthly Payments

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Presented by TimeValue Software ©2021
Principal & InterestTaxes30.4%69.6%
Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.

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