54 Rainey ST # 502, Austin TX 78701

$825,000
54 Rainey ST # 502, Austin TX 78701, ,
Active
$825,000


MLS Area: DT
County:
MLS # 4776980

54 Rainey ST # 502, Austin TX 78701, , TX 78701

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.

Basic Property Information

<strong>Dwelling Size - </strong> 1,557 ft2
From Public Records
<strong>Year Built - </strong> 2005
<strong>Stories - </strong> One
<strong>Foundation - </strong> Slab
<strong>Garage - </strong> 2
Assigned, Garage, Secured
<strong>Roof - </strong> Membrane
<strong>Lot Size Acres - </strong> 0.009
<strong>Waterfront Features - </strong> None
Bedrooms - 3
<strong>Main Level Bedrooms - </strong> 3
<strong>Bathrooms - </strong> 2
<strong>Full - </strong> 2
<strong>Half - </strong> 0
<strong>Living Rooms - </strong> 1
<strong>Dining Rooms - </strong> 1
<strong>Fireplaces - </strong> 0
<strong>Pool on Property- </strong> None

School District

<strong>School District - </strong> Austin ISD
<strong>Elementary - </strong> Mathews
<strong>Middle - </strong> O Henry
<strong>Senior High - </strong> Austin

Home Owners Association

<strong>Home Owners Association - </strong> Milago Condominium Assocation
<strong>Fee - $</strong> 1290.29
<strong>Frequency - </strong> Monthly
<strong>Includes - </strong> Common Area Maintenance, Trash

Amenities and Features

Other Features
Balcony
Breakfast Bar
Ceiling Fan(s)
Dishwasher
Electric Range
Electrical Utility Available
Granite Counters
Has Garage
Home Owners Association
Microwave
Open Floorplan
Primary Bedroom on Main
Property Attached
Recessed Lighting
Soaking Tub
Stainless Steel Appliance(s)
Walk-In Closet(s)

Utilities

Heating: Central
Cooling: Central Air
Electricity Available, Sewer Available, Water Available

Sewer: Public Sewer
Water: Public

Additional Details

<strong>Faces - </strong> West
<strong>Flooring - </strong> Tile, Wood
<strong>View - </strong> City, Downtown, River, Skyline
<strong>Lot Features - </strong> None
<strong>Sellers Representative - </strong> Compass RE Texas, LLC
(512) 575-3644
<strong>Other Structures - </strong> None
<strong>Accessibility Features - </strong> None
<strong>Community Features - </strong> Bike Storage/Locker, Concierge, Conference/Meeting Room, Fitness Center, Lounge, Pool, Storage

Walk Score

Transport
Supermarkets
Schools
Restaurants
Pharmacies
Hospitals

Based on information from the Austin Board of REALTORS®  for the period 09/15/2026 through 09/15/2026. All information provided is deemed reliable but is not guaranteed and should be independently verified. 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.

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