54 Rainey Street 502, Austin, TX

$849,500

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3

Beds

2

Baths

1,557

Square feet

0.01

Acres

About 54 Rainey Street 502

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.

Features of 54 Rainey Street 502

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
Area DT
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
Garage Spaces 2
View City, River
Is Waterfront No
Waterfront None
Has Pool No

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
Fireplace No
# 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

Additional Information

Date Listed August 12th, 2026
Days on Market 8
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCompass RE Texas, LLC
Contact Info(512) 669-3897

Listing Map

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