$989,000

Property Overview

Perched in the heart of Rainey Street District's most coveted waterfront development, this 3-bedroom, 3-bath residence at 54 Rainey ST commands sweeping views of downtown Austin's glittering skyline and Lady Bird Lake. Nearly 2,000 square feet of thoughtfully designed living space flows seamlessly across open-concept areas bathed in natural light, where floor-to-ceiling windows frame the iconic Austin vistas that define this neighborhood's appeal. Rich wood flooring and refined finishes create an inviting atmosphere steps away from the historic bungalow bars and vibrant nightlife that make Rainey Street one of Austin TX's most energetic destinations.

The kitchen showcases refined craftsmanship with quartz countertops, custom backsplash, and substantial cabinetry that balances style with practical storage. An exceptionally deep sink and thoughtful layout accommodate both casual entertaining and everyday functionality. The primary suite provides a private retreat, while two additional bedrooms offer flexibility for guests, home offices, or growing families. At $506 per square foot, this Rainey Street property sits significantly below area comparables, offering exceptional value in one of downtown Austin's most sought-after locations with direct access to Lady Bird Lake's recreational offerings and the neighborhood's unparalleled urban lifestyle.

Agent Description

Experience elevated downtown living at Milago, where style, space, and sweeping views come together in one exceptional residence. This beautifully appointed 3-bedroom, 2.5-bath condo offers nearly 2,000 square feet (1,956 SF) of light-filled living space in one of Austin’s most desirable waterfront buildings. From the moment you enter, you’re greeted by expansive windows that flood the home with natural light and frame stunning views the downtown skyline and Lady Bird Lake. Rich wood flooring runs throughout, creating a warm, cohesive feel across the open-concept living and dining areas—perfect for entertaining or simply enjoying the view. The gorgeous kitchen is both functional and refined, featuring quartz countertops, a custom backsplash, an extra-deep sink, and abundant cabinet space for effortless organization. Whether you’re hosting friends before a night out or preparing a quiet dinner at home, this kitchen is designed to impress. The spacious primary suite offers a true retreat, complete with a luxurious ensuite bath boasting a double vanity, large soaking tub, and separate walk-in shower. Two additional bedrooms provide flexibility for guests, a home office, or a dedicated fitness or media space. Located just steps from the Town Lake Trail, you’ll have immediate access to miles of scenic waterfront paths, along with some of Austin’s best dining, shopping, and entertainment. Residents of Milago enjoy premium amenities including a beautiful pool and a fully equipped fitness center. This is downtown Austin living at its finest—spacious, sophisticated, and perfectly positioned to enjoy the best of the city.

Neighborhood: Rainey Street District

This property is located in Rainey Street District, Austin, TX. The area is known for Historic Bungalow Bars, Lady Bird Lake Access, Luxury High-Rises, Skyline Views, Vibrant Nightlife.

At $506/sqft, this listing is priced 39% below the Rainey Street District median of $830/sqft.

Property Details

Listing data last updated: May 19, 2026

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