$424,500

Towers Of Town Lake 40 N Interstate 35 Unit 2C2 Austin, TX 78701

Rainey Street Historic District Neighborhood

Estimated payment $4,254/month

Total Views 735
2 Beds
2 Baths
1,459 Sq Ft
$291 Price per Sq Ft

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 ! 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

Doug Harrison

Urbanspace Brokerage Phone: (512) 457-8884 License #0362333 Listed on: 08/12/2025

Urbanspace

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,390

Year Built

Built in 1983

Lot Details

0

HOA Fees

$1,075 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 1983
  • Direction Faces: North
  • Directions: Southbound I-35, Exit# 234B Cesar Chavez exit Holly, stay on access road through 2 lights, hard right turn into the complex before the Chevron, call concierge at gated entrance who will grant access. Visitor parking located in open area in front of the building.
  • Disclosures: None
  • Fencing: Fenced, Gate, Perimeter, Security
  • Garage Spaces: 2
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Levels: One
  • Living Area: 1459
  • Other Structures: None
  • Special Listing Conditions: Standard
  • Attribution Contact: (512) 457-8884
  • ETJ Extra Territorial Jurdn: Yes
  • Estimated Taxes: 10380.65
  • FEMA Flood Plain: No
  • Restrictions: None
  • Tax Exemptions: None
  • Unit Style: Tower (14+ Stories)
  • Special Features: None

Interior Features

  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), Granite Counters, High Speed Internet, Murphy Bed, Open Floorplan, Primary Bedroom on Main
  • View: See Remarks
  • Flooring: Bamboo, Tile
  • Accessibility Features: None
  • Appliances: Dishwasher, Disposal, Dryer, Electric Range, Microwave, Electric Oven, Refrigerator, Washer/Dryer
  • Main Level Bedrooms: 2
  • Property Condition: Resale
  • Security Features: 24 Hour Security, Building Security, Closed Circuit Camera(s), Gated with Guard, Security Fence
  • Window Features: Window Treatments
  • Laundry Location: In Unit,Laundry Closet
  • Num Dining: 1
  • Num Living: 1

Beds/Baths

  • Full Bathrooms: 2
  • Bedrooms: 2

Exterior Features

  • Exterior Features: Balcony, Restricted Access
  • Roof: Concrete, Mixed, Tar/Gravel
  • Foundation: Concrete Perimeter, Permanent
  • Patio And Porch Features: Covered
  • Pool Features: None
  • Private Pool: No
  • Waterfront Features: None
  • Waterfront: No

Garage/Parking

  • Total Covered Spaces: 2
  • Parking Features: See Remarks, Assigned, Covered
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, High Speed Internet, Sewer Connected, Water Connected
  • Heating: Central
  • Water Source: Public
  • Cooling: Central Air

Condo/Co-op/Association

  • HOA Fee Includes: Common Area Maintenance, Maintenance Grounds, Maintenance Structure, Parking, Security, Trash, Water
  • Association Fee Frequency: Monthly
  • Association Fee: 1075

Association/Amenities

  • Association Name: Towers of Town Lake HOA
  • Association: Yes
  • Community Features: See Remarks, BBQ Pit/Grill, Cluster Mailbox, Common Grounds, Concierge, Conference/Meeting Room, Controlled Access, Courtyard, Covered Parking, Fitness Center, Game/Rec Rm, Garage Parking, Gated, Google Fiber, High Speed Internet, Lock and Leave, Maintenance On-Site, Package Service, Pool, Property Manager On-Site, Sauna, Hot Tub, Sport Court(s)/Facility, Trail(s)

Schools

  • Elementary School: Mathews
  • High School: Austin
  • Middle/Junior School: O Henry
  • Junior High Dist: Austin ISD

Lot Info

  • Lot Features: Greenbelt, Landscaped, Private, Trees-Moderate
  • Parcel Number: 02010402160021
  • Lot Size Acres: 0.0264
  • Lot Size Sq Ft: 1149.98
  • Subdivision Name: Towers Town Lake Condo Amd

Building Info

  • Construction Materials: Concrete, Stucco
  • New Construction: No

Tax Info

  • Tax Block: D
  • Tax Year: 2025
  • Tax Annual Amount: 10390.16
  • Tax Map Number: 2C2
  • Tax Filled Sqft Total: 1459
  • Tax Rate: 1.98000000000000

Map

About Towers Of Town Lake

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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 -- -- --
04/28/2012 04/28/12 Pending -- -- --
01/27/2012 01/27/12 For Sale $253,000 -- $173 / Sq Ft
Source: Unlock MLS (Austin Board of REALTORS®)

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
Source: Public Records

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: Public Records

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Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 5979477

Unlock MLS (Austin Board of REALTORS®)

APN: 188051

Texas Travis County Austin 78701 Rainey Street Historic District

40 N Interstate 35 Unit 2C2, Austin, TX

This home is located at 40 N Interstate 35 Unit 2C2, Austin, TX 78701 and is currently priced at $424,500, approximately $290 per square foot. This property was built in 1983. 40 N Interstate 35 Unit 2C2 is a home located in Travis County with nearby schools including Mathews Elementary School, Austin High School, and Headwaters School.

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Nearby Homes
Doug Harrison
Listing Agent
Doug Harrison
Section Image
Urbanspace
(737) 200-2835