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54 Rainey #502, Austin 78701

54 Rainey #502

$825,000 · 3 bd · 2 ba · 1,557 sq ft

From the listing

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.

The description is the listing brokerage’s, reproduced from the MLS. Listed by Compass RE Texas, LLC.

The ZIP

Everything that is not in the listing, from the creeks to the schools to who the area is wrong for, is on the 78701 page. Everything else for sale there today is on its market page.

A private viewing

Tell me when works and I will confirm directly.

Luke Allen

Licensed Texas REALTOR, License #788149

254-718-2567luke@austinmdg.com
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Listings courtesy of Unlock MLS as distributed by MLS GRID

Based on information submitted to the MLS GRID as of October 5, 2026 at 4:38 PM CDT. All data obtained from various sources and may not have been verified by broker or MLS GRID.

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Alex Bartram, Designated Broker, TREC License #615893

Austin Marketing + Development Group LLC, TREC License #9014959

1401 West Ave Ste B, Austin, TX 78701

Luke Allen, Licensed Texas REALTOR, License #788149

Equal Housing Opportunity

lukeallenaustin.com