54 Rainey St Unit 502, Austin, TX 78701

$849,500
3
BD
2
BA
1,557
SqFt

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List Price
$849,500
Status
ACTIVE
MLS#
4776980
Days on Market
15
Bedrooms
3
Bathrooms
2
Living Area
1,557
Lot Size
392
Area
Austin - Central
Unit
502

Property Description

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.

Additional Information

Taxes
$15,008
Tax Year
2026
HOA Name
Milago Condominium Assocation
Year Built
2005
Garage Spaces
2
Parking Spaces
2
Exterior Features
Balcony
Interior Features
Breakfast Bar, Ceiling Fan(s), Granite Counters, Open Floorplan, Primary Bedroom on Main, Recessed Lighting, Soaking Tub, Walk-In Closet(s)
Roof
Membrane
Appliances
Dishwasher, Electric Range, Microwave, Stainless Steel Appliance(s)
Construction
Masonry Partial, Stucco
Region
Austin - Central
View
City, Lake/River
School District
Austin ISD
Elementary School
Mathews
High School
Austin
Middle School
O Henry
Sewer
Public Sewer
Stories
1
Street Name
Rainey St
Street Number
54
Neighborhood
Milago Condo Amd
Unit
502
Water
Public
Guest Accommodations
None
Acres
0.009000000000000001
County
Travis
Floor
Tile, Wood
Heating
Central
Lot Description
None

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Listing courtesy of Compass RE Texas, LLC. Contact: (512) 669-3897

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