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Home / Austin / 54 Rainey Street #502
54 Rainey Street #502 Austin, TX 78701 54 Rainey Street #502 Austin, TX 78701 54 Rainey Street #502 Austin, TX 78701 54 Rainey Street #502 Austin, TX 78701 54 Rainey Street #502 Austin, TX 78701 54 Rainey Street #502 Austin, TX 78701 54 Rainey Street #502 Austin, TX 78701 54 Rainey Street #502 Austin, TX 78701 54 Rainey Street #502 Austin, TX 78701 54 Rainey Street #502 Austin, TX 78701 54 Rainey Street #502 Austin, TX 78701 54 Rainey Street #502 Austin, TX 78701 54 Rainey Street #502 Austin, TX 78701 54 Rainey Street #502 Austin, TX 78701 54 Rainey Street #502 Austin, TX 78701 54 Rainey Street #502 Austin, TX 78701 54 Rainey Street #502 Austin, TX 78701 54 Rainey Street #502 Austin, TX 78701 54 Rainey Street #502 Austin, TX 78701 54 Rainey Street #502 Austin, TX 78701 54 Rainey Street #502 Austin, TX 78701 54 Rainey Street #502 Austin, TX 78701 54 Rainey Street #502 Austin, TX 78701 54 Rainey Street #502 Austin, TX 78701 54 Rainey Street #502 Austin, TX 78701 54 Rainey Street #502 Austin, TX 78701 54 Rainey Street #502 Austin, TX 78701 54 Rainey Street #502 Austin, TX 78701 54 Rainey Street #502 Austin, TX 78701 54 Rainey Street #502 Austin, TX 78701 54 Rainey Street #502 Austin, TX 78701 54 Rainey Street #502 Austin, TX 78701 54 Rainey Street #502 Austin, TX 78701 54 Rainey Street #502 Austin, TX 78701 54 Rainey Street #502 Austin, TX 78701 54 Rainey Street #502 Austin, TX 78701 View All Photos

$849,500

| Active

54 Rainey Street #502

Austin, TX 78701

1,557
Square Feet
3
Beds
2
Baths
20
Days on Market
4776980
MLS#
Condo
Structure
Residential
Zone
Contact

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
Interior
Breakfast Bar, Ceiling Fans, Granite Counters, Main Level Primary, Open Floorplan, Recessed Lighting, Soaking Tub, Walk In Close
Cooling
1
Heating
Central
Cooling Features
Central Air
Bedrooms
3
Bathrooms
2.0
Full Baths
2
View
City,River
Pool Description
None, Community
Pool Features
None, Community
Exterior Features
Balcony
Exterior Materials
Balcony
Pool Shared
1
Acres
0.0
Square Feet
1557.0
Lot Size (sqft)
0.009
Parking Features
Assigned, Garage, Secured
Parking
1
Parking Spaces
2.0
Parking Type
Garage
Parking Garage Spaces
2.0
Property Type
Purchase
Property Subtype Additional
Condominium
Year Built
2005
Foundation
Slab
Roof
Membrane
Sewer Information
Public Sewer
Utility Source
Public
Utility Features
Electricity Available, Sewer Available, Water Available
Appliances
Dishwasher, Electric Range, Microwave, Stainless Steel Appliances
Subdivision
Milago Condo
Community Features
Bar Lounge, Bicycle Storage, Concierge, Conference Meeting Room, Fitness Center, Pool, Storage Facilities, Trails Paths
School District
Austin ISD
Elementary School
Mathews
Middle School
O Henry
High School
Austin
County
Travis
Region
Austin
Original List Price
$849,500
Days on Market (Cumulative)
20
Taxes Annual
$15,008
HOA
1
HOA Fees
1290.29
MLS #
4776980
Location
Legal

Based on information submitted to the MLS GRID as of 2026-08-24T09:00:29Z UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


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. Based on information from the Austin Board of REALTORS®. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided "AS IS" and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

Provided By
Listed by Michael Frost (#689859)
Listing Office: Compass RE Texas, LLC (#700459)

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