Skip to main content

Austin · Milago Condo Amd

$825,000 74 days on market

Reduced from $849,500 · −2.9%

54 Rainey St #502, Austin, TX 78701

  • 3bedrooms
  • 2bathrooms
  • 1,557sqft
  • 0.01acres
  • 2005year built

About this home

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

Type
Condominium
Levels
One
Year built
2005
Lot size
0.01 acres
Subdivision
Milago Condo Amd
MLS #
ACT4776980

Inside

Bedrooms
3
Bathrooms
2
Living area
1,557 sqft

Outside / parking

Garage spaces
2

Schools

Elementary
Mathews
High school
Austin
District
Austin ISD

Costs

HOA
$1,290 / monthly
Est. annual taxes
$18,466 (2026)

Listing

First listed
Aug 12, 2026
Days listed
74
Original price
$849,500
Status
Active

Listed by Michael Frost, Compass RE Texas, LLC · [email protected] · MLS# ACT4776980 · Active

Estimate your monthly payment

Loan

Down payment
%
0%10%20%30%40%50%
Loan term
Interest rate (%)
3%5%7%9%

Yearly costs

Monthly payment

$0

Total monthly

Principal & interest
$0
Property tax
$0
Insurance
$0
HOA
$0
Loan amount
$0

Estimate only. Tax / insurance defaults are typical Texas figures; your actual numbers will vary. Talk with a lender for a real quote — I can refer you to one I trust.

Where this home sits

Interested in this home?

← Back to all listings

Call