Towers Of Town Lake 40 N Interstate 35 Unit 2C2 Austin, TX 78701
Rainey Street Historic District NeighborhoodEstimated payment $4,061/month
Highlights
- Concierge
- Fitness Center
- Spa
- Mathews Elementary School Rated A
- 24-Hour Security
- 4-minute walk to Waller Beach at Town Lake Metropolitan Park
About This Home
GRAB THIS DEAL ! SELLER HAS DONE HIS PART TO MAKE THIS A STANDOUT DEAL FOR BUYERS ! COME GET IT ! Experience downtown Austin living at its best! This upgraded Towers of Town Lake condo combines low-maintenance living, a prime location in the heart of the action, and an exceptional value from a MOTIVATED SELLER.
Incredible opportunity to live steps from Lady Bird Lake, the Hike & Bike Trail, and Rainey Street—all for a price that’s rarely seen in downtown Austin. Unit #2C2 is one of the best values in the city and the SELLER IS MOTIVATED, making this a must-see for buyers looking to enjoy the downtown lifestyle without the typical downtown price tag.
This spacious 2-bedroom, 2-bath condo has been thoughtfully and extensively updated by the current owner with quality and comfort in mind:
• Raised ceilings and ductwork in the main living areas
• Bamboo flooring throughout, marble in the bathrooms
• Granite countertops and custom cabinetry
• Kitchen wall opened to create a bright, modern flow
• LED cove lighting in living, dining, kitchen, and both bedrooms
• All doors and hardware replaced (interior)
• Shoji privacy screens in the living room
• Murphy bed in the second bedroom adds versatility
• Ceiling fans added to living room and bedrooms
• High-end KitchenAid dishwasher and newer dryer
• Fresh paint and clean, modern finishes throughout
Towers of Town Lake is a rare 6-acre gated community downtown and offers a full suite of amenities:
• 24-hour concierge and security
• Indoor and outdoor pools, gym, racquetball court, sauna, and hot tub
• Billiard room, meeting spaces, and on-site management
• Reserved parking and ample guest parking
• Lush landscaping and outdoor gathering areas
This unit is ideal for professionals, students, or anyone seeking a convenient lock-and-leave lifestyle in a walkable location near downtown, UT, and the Capitol complex.
Move-in ready, fully upgraded, and priced to sell!
Listing Agent
Urbanspace Brokerage Phone: (512) 457-8884 License #0362333 Listed on: 08/12/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $10,390
Year Built
- Built in 1983
Lot Details
- North Facing Home
- Security Fence
- Gated Home
- Perimeter Fence
- Landscaped
- Wooded Lot
HOA Fees
- $1,075 Monthly HOA Fees
Parking
- 2 Car Garage
- Assigned Parking
- Community Parking Structure
Home Design
- Permanent Foundation
- Mixed Roof Materials
- Tar and Gravel Roof
- Concrete Roof
- Concrete Siding
- Concrete Perimeter Foundation
- Stucco
Interior Spaces
- 1,459 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Ceiling Fan
- Window Treatments
- Closed Circuit Camera
- Washer and Dryer
Kitchen
- Breakfast Bar
- Electric Oven
- Electric Range
- Microwave
- Dishwasher
- Granite Countertops
- Disposal
Flooring
- Bamboo
- Tile
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 2 Full Bathrooms
Outdoor Features
- Spa
- Covered Patio or Porch
Schools
- Mathews Elementary School
- O Henry Middle School
- Austin High School
Utilities
- Central Heating and Cooling System
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 02010402160021
- Tax Block D
Community Details
Overview
- Association fees include common area maintenance, ground maintenance, maintenance structure, parking, security, trash, water
- Towers Of Town Lake HOA
- Towers Town Lake Condo Amd Subdivision
- Lock-and-Leave Community
- On-Site Maintenance
Amenities
- Concierge
- Community Barbecue Grill
- Courtyard
- Common Area
- Game Room
- Meeting Room
- Package Room
- Community Mailbox
Recreation
- Sport Court
- Trails
Security
- 24-Hour Security
- Resident Manager or Management On Site
- Controlled Access
Map
About Towers Of Town Lake
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,678 | $524,275 | $136,711 | $387,564 |
| 2023 | $10,678 | $564,719 | $136,711 | $428,008 |
| 2022 | $10,718 | $542,707 | $136,711 | $405,996 |
| 2021 | $9,319 | $428,136 | $136,712 | $291,424 |
| 2020 | $8,043 | $375,000 | $136,712 | $238,288 |
| 2018 | $9,620 | $434,493 | $113,927 | $320,566 |
| 2017 | $8,814 | $395,242 | $113,927 | $330,280 |
| 2016 | $8,013 | $359,311 | $113,927 | $327,920 |
| 2015 | $4,957 | $326,646 | $142,408 | $236,094 |
| 2014 | $4,957 | $296,951 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/18/2025 09/18/25 | Price Changed | $399,900 | -5.8% | $274 / Sq Ft | |
| 08/12/2025 08/12/25 | For Sale | $424,500 | 0.0% | $291 / Sq Ft | |
| 10/20/2020 10/20/20 | Rented | $2,200 | -10.2% | -- | |
| 10/08/2020 10/08/20 | Under Contract | -- | -- | -- | |
| 08/14/2020 08/14/20 | For Rent | $2,450 | 0.0% | -- | |
| 06/13/2012 06/13/12 | Sold | -- | -- | -- | View Prior Sale |
| 04/28/2012 04/28/12 | Pending | -- | -- | -- | |
| 01/27/2012 01/27/12 | For Sale | $253,000 | -- | $173 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Chicago Title Austin | |
| Interfamily Deed Transfer | -- | None Available | |
| Vendors Lien | -- | None Available | |
| Vendors Lien | -- | None Available | |
| Vendors Lien | -- | Heritage Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $192,000 | Commercial | |
| Previous Owner | $236,800 | Commercial | |
| Previous Owner | $122,200 | No Value Available |
Source: Unlock MLS (Austin Board of REALTORS®)
MLS Number: 5979477
APN: 188051
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