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Jeannette Spinelli

Broker Associate & Founder | Spinelli Residential Group | KW - Austin Portfolio Real Estate

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54 Rainey St 502 , Austin, TX 78701
$849,500
Est. Payment: $4,356.95/mo
3 Bed
2 Bath
1557 Sqft
Status: active | Days on site: 1
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Jeannette Spinelli
Broker Associate & Founder

House 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.

Highlights

Listed by Michael Frost , (512) 669-3897 Compass RE Texas, LLC , (512) 575-3644. Austin MLS mls logo

Property Type

Condo/Townhome

Lot/Acreage
0.01

HOA Fee

1290.29 Monthly

Year Built

2005

County

Travis

Area

DT

Neighborhood

Milago Condo Amd

School District

Austin ISD

Listing ID

4776980

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:2
  • Full Bathrooms:2
Appliances:Dishwasher, Electric Range, Microwave, Stainless Steel Appliance(s)
Floor:Tile,Wood
Other:
  • Additional:Breakfast Bar, Ceiling Fan(s), Granite Counters, Main Level Primary, Open Floorplan, Recessed Lighting, Soaking Tub, Walk-In Closet(s)
Water:Public

Exterior Features

Roof:Membrane
Others:
  • Additional:Balcony, Resale
Sewer:Public Sewer
Parking Features:Assigned,Garage,Secured
Principal Interest
$4,357
Taxes
$1,251
HOA
$1,290

Home Price

$849,500

Loan Details

30 yrs
6.637%

Down Payment

20%
$169,900
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,356.95

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $4,356.95 $1,250.72 $1,290.29 $6,897.95
Yearly $52,283.36 $15,008.59 $15,483.48 $82,775.43
Total $1,568,500.91 $450,257.70 $464,504.40 $2,483,263.01

Today's Rates

30 Year

6.64%

20 Year

6.43%

15 Year

5.99%

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Market insight data is pulled from the same city as the listing being viewed (Austin, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MLS GRID as of the date listed below. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Listings courtesy of Austin MLS as distributed by MLS GRID

IDX service by Blueroof 360

Data last updated: 2026-09-03T02:23:53.000Z

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