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Jacob Hannusch
Milago #502 - Photo 1
Active

Milago#502

54 Rainey St #502, Austin, TX 78701

$849,500$546/SF

Bedrooms

3

Bathrooms

2

Living Area

1,557 sf

Days on Market

12

The Breakdowntake a deeper look at this unit with Jacob's proprietary downtown Austin data

About This Property

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 Details

StatusActive
List DateAug 12, 2026
Year Built2005
Property TypeCondominium
HOA Fee$1,290.29/monthly
Tax (2026)$15,008.59

Listed by Michael Frost, Compass RE Texas, LLC

Source: Unlock MLS, MLS# 4776980

Information deemed reliable but not guaranteed.

Price History

ActiveMLS #4776980· 12 DOM
Listed by Compass RE Texas, LLC
Aug 12, 2026Listed for sale
$849,500-10.6%
$546/sqft
Show previous listings (15)
SoldMLS #4753486· 15 DOM
Listed by Compass RE Texas, LLC
Jul 18, 2023
Day 40
Sold
Jun 22, 2023
Day 14
Pending
$950,000
$610/sqft
Jun 8, 2023Listed for sale
$950,000+35.9%
$610/sqft
SoldMLS #5630353· 141 DOM
Listed by Brigham Real Estate, LLC
Apr 10, 2019
Day 221
Sold
Jan 20, 2019
Day 141
Pending
$699,000
$449/sqft
Sep 1, 2018Listed for sale
$714,550-0.8%
$459/sqft
Sep 1, 2018
Day 0
Price change
$714,550$699,000-2.2%
$449/sqft
Listing removedMLS #6957819· 76 DOM
Listed by RE/MAX Posh Properties
Jun 6, 2018
Day 76
Listing removed
Mar 22, 2018Listed for sale
$720,000
$462/sqft
Listing removedMLS #3802516· 186 DOM
Listed by RE/MAX Posh Properties
Nov 29, 2017
Day 186
Listing removed
May 27, 2017Listed for sale
$779,000+24.5%
$500/sqft
May 27, 2017
Day 0
Price change
$779,000$720,000-7.6%
$462/sqft
Listing removedMLS #9204306· 54 DOM
Listed by Platinum Realty Austin
Jul 17, 2013
Day 74
Listing removed
May 4, 2013Listed for rent
$3,750/mo+2.7%
$2/sqft
SoldMLS #8417978· 54 DOM
Listed by Platinum Realty Austin
Jun 28, 2013
Day 55
Sold
Jun 27, 2013
Day 54
Pending
$625,500
$402/sqft
May 4, 2013Listed for sale
$625,500+1.7%
$402/sqft
Listing removedMLS #2395854· 36 DOM
Listed by Platinum Realty Austin
Jan 16, 2013
Day 41
Listing removed
Dec 6, 2012Listed for sale
$615,000+7.5%
$395/sqft
LeasedMLS #7988666· 81 DOM
Listed by Platinum Realty Austin
Jan 14, 2013
Day 87
Leased
Jan 11, 2013
Day 84
Pending
$3,650/mo
$2/sqft
Oct 19, 2012Listed for rent
$3,750/mo-5.1%
$2/sqft
Oct 19, 2012
Day 0
Price change
$3,750$3,650/mo-2.7%
$2/sqft
Listing removedMLS #7114463· 31 DOM
Listed by ZEE REALTY
May 26, 2011
Day 31
Listing removed
Apr 25, 2011Listed for rent
$3,950/mo+5.3%
$3/sqft
LeasedMLS #7225084· 72 DOM
Listed by Urbanspace
Aug 4, 2010
Day 72
Leased
Aug 2, 2010
Day 70
Pending
$3,750/mo
$2/sqft
May 24, 2010Listed for rent
$3,750/mo+38.9%
$2/sqft
Listing removedMLS #6600103· 141 DOM
Listed by My Castle Realty
Jul 23, 2009
Day 141
Listing removed
Mar 4, 2009Listed for sale
$600,000-21.3%
$385/sqft
Mar 4, 2009
Day 0
Price change
$600,000$572,000-4.7%
$367/sqft
LeasedMLS #7167287· 95 DOM
Listed by Urbanspace
Jul 3, 2009
Day 95
Pending
$2,700/mo
$2/sqft
Jul 3, 2009
Day 95
Leased
Mar 30, 2009Listed for rent
$3,250/mo-9.7%
$2/sqft
Mar 30, 2009
Day 0
Price change
$3,250$2,700/mo-16.9%
$2/sqft
LeasedMLS #1273853· 52 DOM
Listed by A La Carte Real Estate Austin
Apr 2, 2007
Day 53
Pending
$3,600/mo
$2/sqft
Apr 1, 2007
Day 52
Leased
Feb 8, 2007Listed for rent
$3,750/mo+4.2%
$2/sqft
Feb 8, 2007
Day 0
Price change
$3,750$3,600/mo-4.0%
$2/sqft
LeasedMLS #8814675· 57 DOM
Listed by Robin McCall Company
Sep 13, 2006
Day 57
Pending
$3,600/mo
$2/sqft
Sep 13, 2006
Day 57
Leased
Jul 18, 2006Listed for rent
$4,000/mo
$3/sqft
Jul 18, 2006
Day 0
Price change
$4,000$3,600/mo-10.0%
$2/sqft
Listing removedMLS #568784· 161 DOM
Listed by Keller Williams Realty
Jun 6, 2001
Day 161
Listing removed
Dec 27, 2000Listed for sale
$762,000
$489/sqft

Sold and leased prices aren't shown per Unlock MLS rules — reach out to Jacob for this info.

The Breakdown

Below: which way the unit faces, the floor plan, the building (year built, residences, amenities), the neighborhood character, and how this unit's $/SF lines up with recent sales here.

The Building — Milago

Built

2006

Floors

13

Residences

240

24-hour conciergeTown Lake and downtown skyline viewsFitness centerThird-floor terrace overlooking the park and Lady Bird Lake+ more
Explore more about Milago

The Neighborhood — Rainey Street District

Historic bungalow bars meet luxury high-rise living on Austin's most dynamic lakefront street.

About Rainey Street District

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