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$825,000
24 Days On Site

54 Rainey ST 502
Austin, TX 78701

For Sale|Condominium|Active
3
Beds
2
Total Baths
2
Full Baths
1,557
SqFt
$530
/SqFt
2005
Built
Subdivision:
Milago Condo Amd
County:
Travis
Call Now: 512-215-0565
Is this the listing for you? We can help make it yours.
512-215-0565
54 Rainey ST 50254 Rainey ST 50254 Rainey ST 50254 Rainey ST 502
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Mortgage Calculator

Monthly Payment (Est.)

$3,764
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2026 Information is deemed reliable but not guaranteed.

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.

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Listing Snapshot
Price 
$825,000
Days On Site 
24 Days
Bedrooms 
3
Inside Area (SqFt) 
1,557 sqft
Total Baths 
2
Full Baths 
2
Partial Baths 
N/A
Lot Size 
0.009 Acres
Year Built 
2005
MLS® Number 
4776980
Status 
Active
Property Tax 
$15,008.59
HOA/Condo/Coop Fees 
$1,290.29 monthly
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
15 hours agoPrice changed to $825,000
15 hours agoListing updated with changes from the MLS®
3 weeks agoListing first seen on site
General Features
Acres 
0.009
Direction Faces 
West
Disclosures 
Seller Disclosure
Foundation 
Slab
Garage 
Yes
Garage Spaces 
2
Levels 
One
Parking 
AssignedGarageSecured
Parking Spaces 
2
Property Sub Type 
Condominium
Security 
Building Security
Sewer 
Public Sewer
Special Circumstances 
Standard
Style 
High Rise (8-13 Stories)
Utilities 
Electricity AvailableSewer AvailableWater Available
Water Source 
Public
Interior Features
Appliances 
DishwasherElectric RangeMicrowaveStainless Steel Appliance(s)
Cooling 
Ceiling Fan(s)Central Air
Flooring 
TileWood
Heating 
Central
Interior 
Breakfast BarCeiling Fan(s)Granite CountersOpen FloorplanRecessed LightingSoaking TubWalk-In Closet(s)Master Downstairs
Laundry Features 
Laundry Closet
Main Level Bedrooms 
3
Window Features 
Window Treatments
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Exterior Features
Construction Details 
Stucco
Exterior 
Balcony
Fencing 
None
Other Structures 
None
Patio And Porch 
See Remarks
Pool Features 
None
Roof 
Membrane
View 
CityDowntownRiverSkyline
Waterview 
CityDowntownRiverSkyline
Windows/Doors 
Window Treatments
Community Features
Association Fee 
$1290.29
Association Fee Frequency 
Monthly
Community Features 
Fitness CenterPool
MLS Area 
DT
School District 
Austin ISD
Horse Property 
None
Financing Terms Available 
CashConventional
Horse Allowed 
Yes
Schools
School District
Austin ISD
Elementary School
Mathews
Middle School
O Henry
High School
Austin
Listing courtesy of Compass RE Texas, LLC mike@landyfrostgroup.com


All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings courtesy of ACTRIS as distributed by MLS GRID. 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.
Last checked - 2026-09-16 05:12 AM CDT

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Neighborhood & Commute
Source: Walkscore
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