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54 Rainey St 502
Austin TX 78701 US

$849,500

Active Listing ID 4776980
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3 bed
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1,557 square feet
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2.00 Bath (2 Full)
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Lot: 0.01 Acres
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Condominium

$849,500

Active Listing ID 4776980
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54 Rainey St 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.

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Property Features

  • Facts
  • Lot Size: 0.01 Acres
  • Property Type: Residential
  • Property Sub-type: Condominium
  • Features
  • Full Bathrooms: 2
  • Cooling System: Central Air
  • Exterior Finish: Balcony
  • Floor Covering: Wood, Tile
  • Roof Type: Membrane
  • Heating Fuels: Central

School Information

  • School
  • Mathews(Elementary)
  • O Henry(MiddleSchool)
  • Austin(HighSchool)

Property

  • propertytype: Residential
  • propertysubtype: Condominium
  • listprice: 849500
  • unparsedaddress: 54 Rainey St
  • unitnumber: 502
  • postalcity: Austin
  • stateorprovince: TX
  • country: US
  • postalcode: 78701
  • bathroomsfull: 2
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.009
  • lotsizeunits: Acres
  • lotsizearea: 0.009
  • livingarea: 1557
  • livingareaunits: Square Feet
  • latitude: 30.25689484
  • longitude: -97.73976504
  • listagentfullname: Michael Frost
  • listagentemail: mike@landyfrostgroup.com
  • listagentkey: 3yd-ABORTX-689859
  • listagentmlsid: 689859
  • listagentpreferredphone: 5126693897
  • listagentofficephone: 5126693897
  • listofficekey: 3yd-ABORTX-700459
  • listofficemlsid: 700459
  • disclaimer: Copyright © 2026 Unlock MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: ABORTX
  • yearbuilt: 2005
  • listingcontractdate: 2026-08-12
  • listagenturl: https://www.compass.com/
  • countyorparish: Travis
  • parcelnumber: 02030312500000
  • elementaryschool: Mathews
  • highschool: Austin
  • elementaryschooldistrict: Austin ISD
  • middleorjuniorschooldistrict: Austin ISD
  • highschooldistrict: Austin ISD
  • appliances: Dishwasher, Electric Range, Microwave, Stainless Steel Appliance(s)
  • cooling: Central Air
  • constructionmaterials: Masonry - Partial, Stucco
  • flooring: Wood, Tile
  • heating: Central
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 2
  • parkingfeatures: Assigned, Secured, Garage
  • roof: Membrane
  • view: River, City
  • waterfrontyn: False
  • franchiseaffiliation: None
  • interiorfeatures: Breakfast Bar, Ceiling Fan(s), Granite Counters, Open Floorplan, Primary Bedroom on Main, Recessed Lighting, Soaking Tub, Walk-In Closet(s)
  • exteriorfeatures: Balcony
  • windowfeatures: Window Treatments
  • architecturalstyle: High Rise
  • rooms: Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 3
  • securityfeatures: Security
  • utilities: Water Available
  • speciallistingconditions: Standard
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -97.73976, 30.256895
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Compass RE Texas, LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"mike@landyfrostgroup.com", "ListBrokerageCity":"Austin", "ListBrokerageCountry":"US", "ListBrokerageEmail":"Support@Compass.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Compass RE Texas, LLC", "ListBrokeragePhone":"(214) 814-8100", "ListBrokeragePostalCode":"78704", "ListBrokerageStateOrProvince":"TX", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"801 Barton Springs Rd.", "ListBrokerageWebsiteUrl":"https://www.compass.com/", "ListOfficeAddress1":"2500 Bee Caves Road Building 3, Suite 200", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"700459", "ListOfficeCity":"Austin", "ListOfficeCountry":"US", "ListOfficeEmail":"Support@Compass.com", "ListOfficePostalCode":"78746", "ListOfficeStateOrProvince":"TX", "ListPriceCurrencyType":"USD", "ListingTitle":"Residential, High Rise (8-13 Stories), Austin, TX", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/54-Rainey-St-Apt-502_Austin_TX_78701_M78897-22273?f=listhub&s=ABORTX&m=4776980&c=rexren", "MLSModificationTimestamp":"2026-08-24 09:01:09", "Neighborhoods":[{"Description":null, "Name":"Milago Condo Amd"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":15009, "TaxDescription":"UNT 502 MILAGO CONDOMINIUMS AMENDED PLUS .591 % INT IN COM AREA", "TaxYear":"2026"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 8/24/2026 9:06:20 AM GMT
Source Updated Date: 8/26/2026 1:01:53 AM GMT

Courtesy of: Michael Frost, Compass RE Texas, LLC, mike@landyfrostgroup.com

Copyright © 2026 Unlock MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.