54 RAINEY ST #502

Austin, 78701
Updated Sep 16, 2026 • On market 36 days
$825,000
$530/sq ft
3 Beds
2 Full Baths
1,557 Sq Ft
2005 Built
36 Days on Market

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.

Property Details

Interior

  • Bedrooms 3
  • Full Baths 2
  • Half Baths 0
  • Living Area 1,557 Sq Ft

Property

  • Year Built 2005
  • Property Type Residential
  • Sub Type Condominium
Listed by Compass RE Texas, LLC
MLS# 4776980

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The information being provided by Unlock MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this website comes from the Internet Data Exchange (IDX) program of Unlock MLS. Real estate listings held by brokerage firms other than Adam Timothy Group at Compass are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by Unlock MLS. All information should be independently reviewed and verified for accuracy. Some IDX listings may have been excluded from this website. Data last updated: Sep 16, 2026 9:03 AM GMT+0000.
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