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$849,500 - 54 Rainey Street 502, Austin

3
Bedrooms
2
Baths
1,557
SQ. Feet
0.01
Acres

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.

Essential Information

  • MLS® #:
    4776980
  • Price:
    $849,500
  • Bedrooms:
    3
  • Bathrooms:
    2.00
  • Full Baths:
    2
  • Square Footage:
    1,557
  • Acres:
    0.01
  • Year Built:
    2005
  • Type:
    Residential
  • Sub-Type:
    Condominium
  • Status:
    Active

Community Information

  • Address:
    54 Rainey Street 502
  • Subdivision:
    Milago Condo Amd
  • City:
    Austin
  • County:
    Travis
  • State:
    TX
  • Zip Code:
    78701

Amenities

  • Amenities:
    Concierge
  • Utilities:
    Electricity Available, Sewer Available, Water Available
  • Features:
    Pool, Trails/Paths, Bar/Lounge, Bicycle Storage, Concierge, Conference/Meeting Room, Fitness Center, Storage Facilities
  • Parking:
    Garage, Assigned, Secured
  • # of Garages:
    2
  • View:
    City, River
  • Waterfront:
    None

Interior

  • Interior:
    Tile, Wood
  • Interior Features:
    Breakfast Bar, Ceiling Fan(s), Main Level Primary, Open Floorplan, Walk-In Closet(s), Granite Counters, Recessed Lighting, Soaking Tub
  • Appliances:
    Dishwasher, Microwave, Stainless Steel Appliance(s), Electric Range
  • Heating:
    Central
  • # of Stories:
    1
  • Stories:
    One

Exterior

  • Exterior Features:
    Balcony
  • Lot Description:
    None
  • Roof:
    Membrane
  • Construction:
    Masonry, Stucco
  • Foundation:
    Slab

School Information

  • District:
    Austin ISD
  • Elementary:
    Mathews
  • Middle:
    O Henry
  • High:
    Austin

Property Listed by: Compass Re Texas, Llc

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® (alternatively, from ACTRIS) from August 29th, 2026 at 5:45am CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

All information provided is deemed reliable but is not guaranteed and should be independently verified.