54 Rainey ST # 502
Austin, TX, 78701
$825,000
3 Beds
2 Baths
1,557 SqFt
0.01 Acres
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MLS #4776980 image #0
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.
Listing Provided Courtesy of Compass RE Texas, LLC

Property Details

Price:
$825,000
MLS #:
4776980
Status:
Active
Beds:
3
Baths:
2
Type:
Condo
Subtype:
Condominium
Subdivision:
Milago Condo Amd
Listed Date:
Aug 12, 2026
Finished Sq Ft:
1,557
Lot Size:
392 sqft / 0.01 acres (approx)
Year Built:
2005
PoolMilago Condo AmdAustin IsdMathewsO HenryAustin

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Schools

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

Interior

Appliances
Dishwasher, Electric Range, Microwave, Stainless Steel Appliance(s)
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Flooring
Tile, Wood
Heating
Central
Interior Features
Breakfast Bar, Ceiling Fan(s), Granite Counters, Open Floorplan, Primary Bedroom on Main, Recessed Lighting, Soaking Tub, Walk-In Closet(s)
Levels
One
Main Level Bedrooms
3

Exterior

Accessibility Features
None
Community Features
Bike Storage/Locker, Concierge, Conference/Meeting Room, Fitness Center, Lounge, Pool, Storage
Covered Spaces
2
Direction Faces
West
Exterior Features
Balcony
Fencing
None
Garage Spaces
2
Lot Features
None
Other Structures
None
Parking Features
Assigned, Garage, Secured
Patio And Porch Features
See Remarks
Roof
Membrane
View
City, Downtown, River, Skyline
Waterfront Features
None
Window Features
Window Treatments

Financial

HOA Fee
$1,290
HOA Fee Frequency
Monthly
HOA Includes
Common Area Maintenance, Trash
HOA Name
Milago Condominium Assocation
Taxes
$15,009

Map

Community

Subdivisions in Austin

Market Summary

Current real estate data for Condo in Austin as of Sep 19, 2026
1,506
Condo Listed
119
Avg DOM
419
Avg $ / SqFt
$551,352
Avg List Price

Property Summary

    Located in the Milago Condo Amd subdivision, 54 Rainey ST # 502 Austin TX is a Condo for sale in Austin, TX, 78701. It is listed for $825,000 and features 3 beds, 2 baths, and has approximately 1,557 square feet of living space, and was originally constructed in 2005. The current price per square foot is $530. The average price per square foot for Condo listings in Austin is $419. The average listing price for Condo in Austin is $551,352. To schedule a showing of MLS#4776980 at 54 Rainey ST # 502 in Austin, TX, contact your Stripe Realty agent at 512-439-2122.

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54 Rainey ST # 502
Austin, TX