54 Rainey ST # 502, Austin TX 78701,Austin,Travis,Residential

$ 799,999
54 Rainey ST # 502, Austin TX 78701,

Overview

  • Property ID
  • 12360545
  • 3 Bedrooms
  • 2 Bathrooms
  • 1,557 ft2
  • 0 ac

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.

Outdoor Details
balcony
Other Features
Breakfast Bar
Ceiling Fan(s)
Dishwasher
Electric Range
Electrical Utility Available
Granite Counters
Has Garage
Home Owners Association
Microwave
Open Floorplan
Primary Bedroom on Main
Property Attached
Recessed Lighting
Soaking Tub
Stainless Steel Appliance(s)
Walk-In Closet(s)
Property Id : 12360545
Price: $ 799,999
Property Size: 1,557 ft2
Property Lot Size: 0 ac
Bedrooms: 3
Bathrooms: 2
Syndication Remarks: 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.
Parking Features: Assigned, Garage, Secured
Lot Size(acres): 0.009
Lot Size(sf): 392.04
Country: US
Last Listing Change: 2026-11-04T20:32:13.410Z
Property Key: 48453|719570|1|37112091
Status Contractual Search Date: 2026-08-12
Listing Key Numeric: 239456265
Est. Taxes: 18466
Originating System Key: actris
Originating System Name: ABOR - actris
FEMA Flood Plain: No
#Photos: 36
Last Price Change: November 4, 2026 at 08:32pm
State: TX
Last Status Change: August 12, 2026 at 08:46pm
Street Name: Rainey
Laundry Location: Laundry Closet
Street# Ext.: 54
Street#: 54
Street Suffix: ST
#Dining: 1
#Living: 1
#Other Level Beds: 0
Property Match: APN
$/SF: 513.81
Tax Filled SF Total: 1557
Unit Style: High Rise (8-13 Stories)
Accessibility Features: None
HOA Fee: 1290.29
HOA Fee Frequency: Monthly
HOA includes: Common Area Maintenance, Trash
HOA Name: Milago Condominium Assocation
Full Baths: 2
Half Baths: 0
Total Baths: 2
Community Features: Bike Storage/Locker, Concierge, Conference/Meeting Room, Fitness Center, Lounge, Pool, Storage
Construction Materials: Masonry – Partial, Stucco
Cooling: Central Air
Covered Spaces: 2
Faces: West
Directions: Drive south on Lavaca St, turn right onto W 11th St, then right onto the I-35 Frontage Rd. Continue onto East Ave, turn right onto River St, and at the traffic circle, turn left onto Rainey St. The destination will be on your right.
Elem School: Mathews
Elem School District: Austin ISD
Fencing: None
#Fireplaces: 0
Flooring: Tile, Wood
Foundation Details: Slab
Garage Spaces: 2
Heating: Central
High School: Austin
High School District: Austin ISD
Levels: One
Listing ID: 4776980
Listing Terms: Cash, Conventional
SF Source: Public Records
Lot Features: None
MLS Area Major: DT
Main Level Beds: 3
Middle School: O Henry
Middle School District: Austin ISD
Status: Active
Other Structures: None
Parcel#: 02030312500000
Patio And Porch Features: See Remarks
Pool Features: None
Possession: Close Of Escrow, Funding
Property Condition: Resale
Roof: Membrane
Sewer: Public Sewer
Special Listing Conditions: Standard
Tax Annual($): 15008.59
Unit#: 502
Utilities: Electricity Available, Sewer Available, Water Available
View: City, Downtown, River, Skyline
Water Source: Public
Waterfront Features: None
Window Features: Window Treatments
Year Built: 2005
$ 5,478.56
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 4,045.23
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Info is deemed accurate but not guaranteed. Published info is subject to change. Buyers should conduct their own due diligence and research.

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