54 Rainey St # 502 Austin, TX $ 849,500
54 Rainey St # 502
$ 849,500
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54 Rainey St # 502

Austin, TX, 78701
$ 849,500
Bedrooms3 Baths2.0 Sq 1,557

Monthly Estimate*

$ 5,364

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Condo for sale in Austin, TX

for $849,500 with 3 bedrooms and 2 full baths. This 1,557 square foot condo was built in 2005 on a lot size of 0.009.

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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Condo Active

Price

$ 849,500

Bedrooms

3

Full Bath

2

Property Type

Condo

Taxes

$ 18,466

Style

Condominium

Lot Size

0.009

Year Built

2005

Town/City

Austin

County/Region

Travis

MLS | Web ID

4776980

Features
General
Living Area 1557
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Electricity Available Sewer Available Water Available
Roof Membrane
Appliances Dishwasher Electric Range Microwave Stainless Steel Appliance(s)
HOA Fee 1290.29
Garage Spaces 2
Association Fee Includes Common Area Maintenance Trash
Patio/Porch Features See Remarks
Pool Features None
Security Features Building Security
Construction Materials Masonry – Partial Stucco
Year Built 2005
View City Downtown River Skyline
Levels One
Unit Number 502
Property Subtype Condominium
Tax Year 2026
Waterfront Features None
Community Features Bike Storage/Locker Concierge Conference/Meeting Room Fitness Center Lounge Pool Storage Trail(s)
Accessibility None
Assoc Fee Paid Per Monthly
County Travis
New Construction N
Property Type Residential
HOA Y
Energy Efficient None
Subdivision Name Milago Condo Amd
Facing Direction West
Green Sustainability None
Other Structures None
Full Baths 2
Status Active
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 destin
High School Austin
City Austin
Disclosures Seller Disclosure
Association Name Milago Condominium Assocation
MLS Area DT
Lot Size Square Feet 392.04
Elementary School Mathews
Tax Annual Amount 15008.59
Middle/Junior High School O Henry
Property Condition Resale
Additional Parcels Y/N N
Standard Status Active
Year Built Source Public Records
Tax Assessed Value 902313
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Interior
Interior Amenities Breakfast Bar Ceiling Fan(s) Granite Counters Open Floorplan Primary Bedroom on Main Recessed Lighting Soaking Tub Walk-In Closet(s)
Flooring Tile Wood
Total Fireplaces 0
Window Features Window Treatments
Half Baths 0
Total Bedrooms 3
Main Level Bedrooms 3
Total Baths 2
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Exterior
Exterior Amenities Balcony
Fencing None
Parking Features Assigned Garage Secured
Lot Features None
Water Source Public
Total Parking 2
Foundation Details Slab
Lot Size Acres 0.009
Waterfront Y/N N
Covered Spaces 2
Horse Y/N N
Horse Amenities None
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Internal Only
Street Number 1 54
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* Excluded Features
List By
Michael Frost

Listing Agent

Compass Re Texas, Llc

Broker

mike@landyfrostgroup.com

Email

Affordability Calculator

$6,903
Per Month
78%
22%
0%
Monthly Principal & Interest
$5,364
Monthly Property Taxes
$1,539
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4360597 Elementary School
4360311 Middle School
Austin High School High School
Pricing History
DatePricePrice ChangeDescription
8/24/2026$849,500 Listed Price

Map


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54 Rainey St # 502, Austin, TX, 78701 is a Condo for sale at $849,500 with 1,557 sqft and a lot size of 0.009. 54 Rainey St # 502 has 3 bedrooms, 2.0 baths, and was built in 2005. The property's zip code is 78701 which is in Austin, TX