$495,000
$30K PRICE DROP

Towers Of Town Lake 40 N Interstate 35 Unit 5B2 Austin, TX 78701

Rainey Street Historic District Neighborhood

Estimated payment $4,565/month

Total Views 11,612
2 Beds
2 Baths
1,459 Sq Ft
$339 Price per Sq Ft

Highlights

  • Concierge
  • Fitness Center
  • City View
  • Mathews Elementary School Rated A
  • Heated Indoor Pool
  • 4-minute walk to Waller Beach at Town Lake Metropolitan Park

About This Home

Welcome to this bright, beautiful 2-bedroom, 2-bath condo in downtown Austin! Perched on the 5th floor, this unit offers stunning nighttime city views through floor-to-ceiling windows and a spacious private balcony.
Inside, enjoy an expansive living area with wood floors, a roomy kitchen with stylish expresso cabinets and granite countertops. The primary suite includes a walk-in closet and an en-suite bathroom with a double vanity and walk-in shower. A full-size in-unit washer and dryer complete the package.
Located in a full-amenity building with 24-hour concierge and security, indoor-heated pool, outdoor pool, sauna, hot tub, racquetball/basketball court, fitness center, game room w/billiards, 2 dedicated garage parking spots and guest parking. Just steps from the Roy and Ann Butler Hike and Bike Trail, Ladybird Lake, and World-Famous Rainey Street.
Don’t miss your chance to live in one of the city’s most vibrant neighborhoods—schedule a showing today!

Listing Agent

carla williams

Sunshine Realty Group Brokerage Phone: (512) 607-5577 License #0834934 Listed on: 06/27/2025

Co-Listing Agent

Amanda Garcia

Sunshine Realty Group Brokerage Phone: (512) 607-5577 License #0687423

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,390

Year Built

  • Built in 1983

HOA Fees

  • $1,075 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Slab Foundation
  • Concrete Roof
  • Masonry Siding

Interior Spaces

  • 1,459 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Recessed Lighting
  • Blinds
  • Living Room
  • Washer and Dryer

Kitchen

  • Breakfast Bar
  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Double Vanity
  • Walk-in Shower

Home Security

Pool

  • Heated Indoor Pool
  • In Ground Spa
  • Outdoor Pool

Schools

  • Mathews Elementary School
  • O Henry Middle School
  • Austin High School

Utilities

  • Central Heating and Cooling System
  • High Speed Internet

Additional Features

  • North Facing Home

Listing and Financial Details

  • Assessor Parcel Number 02010402160064
  • Tax Block D

Community Details

Overview

  • Association fees include common area maintenance, sewer, trash, water
  • Towers Of Town Lake Association
  • Towers Town Lake Condo Amd Subdivision

Amenities

  • Concierge
  • Common Area
  • Game Room
  • Community Kitchen
  • Community Library

Recreation

  • Sport Court
  • Racquetball
  • Trails

Security

  • Resident Manager or Management On Site
  • Controlled Access
  • Fire and Smoke Detector

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
  • Additional Parcels: No
  • Direction Faces: North
  • Directions: IH 35 access road and East Avenue
  • Disclosures: Seller Disclosure
  • Fencing: None
  • Garage Spaces: 2
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Levels: One
  • Living Area: 1459
  • Other Structures: None
  • Special Listing Conditions: Standard
  • Co List Office Mls Id: ACT701226
  • Co List Office Phone: (512) 607-5577
  • Attribution Contact: (512) 607-5577
  • ETJ Extra Territorial Jurdn: No
  • Estimated Taxes: 9906.00
  • FEMA Flood Plain: No
  • Restrictions: None
  • Tax Exemptions: None
  • Unit Style: Elevator
  • Special Features: None

Interior Features

  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), Granite Counters, High Speed Internet, Primary Bedroom on Main, Recessed Lighting, Walk-In Closet(s)
  • View: City
  • Flooring: Tile, Wood
  • Fireplace Features: None
  • Accessibility Features: None
  • Appliances: Dishwasher, Disposal, Microwave, Free-Standing Range, Stainless Steel Appliance(s), Washer/Dryer
  • Main Level Bedrooms: 2
  • Property Condition: Resale
  • Security Features: Fire Alarm, Smoke Detector(s)
  • Spa Features: Hot Tub, In Ground
  • Window Features: Blinds
  • Laundry Location: In Unit
  • Num Dining: 1
  • Num Living: 1
  • Num Other Level Beds: 0

Beds/Baths

  • Full Bathrooms: 2
  • Bedrooms: 2

Exterior Features

  • Exterior Features: Balcony
  • Roof: Concrete
  • Foundation: Slab
  • Patio And Porch Features: None
  • Pool Features: Heated, Indoor, Outdoor Pool, Pool/Spa Combo
  • Private Pool: Yes
  • Waterfront Features: None
  • Waterfront: No

Garage/Parking

  • Total Covered Spaces: 2
  • Parking Features: Garage
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Available
  • Heating: Central
  • Water Source: Public
  • Cooling: Central Air

Condo/Co-op/Association

  • HOA Fee Includes: Common Area Maintenance, Sewer, Trash, Water
  • Association Fee Frequency: Monthly
  • Association Fee: 1075.28

Association/Amenities

  • Association Name: Towers of Town Lake
  • Association: Yes
  • Community Features: Common Grounds, Concierge, Controlled Access, Covered Parking, Fitness Center, Game/Rec Rm, Google Fiber, Kitchen Facilities, Library, Pool, Property Manager On-Site, Racquetball, 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, Private, Views
  • Parcel Number: 02010402160064
  • Lot Size Acres: 0.026
  • Lot Size Sq Ft: 1132.56
  • Subdivision Name: Towers Town Lake Condo Amd

Building Info

  • Construction Materials: Masonry – All Sides
  • New Construction: No

Tax Info

  • Tax Block: D
  • Tax Year: 2025
  • Tax Annual Amount: 10390.16
  • Tax Map Number: 5B2
  • Tax Filled Sqft Total: 1459
  • Tax Rate: 2.23014000000000

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 $495,020 $136,711 $358,309
2023 $10,678 $530,835 $136,711 $394,124
2022 $10,718 $542,707 $136,711 $405,996
2021 $9,319 $428,136 $136,712 $291,424
2020 $9,484 $442,187 $136,712 $305,475
2018 $9,161 $413,785 $113,927 $299,858
2017 $9,384 $420,781 $113,927 $306,854
2016 $9,054 $406,000 $113,927 $292,073
2015 $7,798 $332,258 $142,408 $189,850
2014 $7,798 $327,659 $142,408 $185,251
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2025 09/23/25 Price Changed $495,000 -2.9% $339 / Sq Ft
08/14/2025 08/14/25 Price Changed $510,000 -2.9% $350 / Sq Ft
06/27/2025 06/27/25 For Sale $525,000 -- $360 / Sq Ft
Source: Unlock MLS (Austin Board of REALTORS®)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Warranty Deed -- Attorney
Deed -- Stewart Title Austin Incorpora
Warranty Deed -- Texas American Title Company
Warranty Deed -- Heritage Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $390,000 New Conventional
Previous Owner $114,800 No Value Available
Source: Public Records

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 4862996

Unlock MLS (Austin Board of REALTORS®)

APN: 188094

Texas Travis County Austin 78701 Rainey Street Historic District

40 N Interstate 35 Unit 5B2, Austin, TX

This home is located at 40 N Interstate 35 Unit 5B2, Austin, TX 78701 and is currently priced at $495,000, approximately $339 per square foot. This property was built in 1983. 40 N Interstate 35 Unit 5B2 is a home located in Travis County with nearby schools including Mathews Elementary School, Austin High School, and City School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Listing Agent
carla williams
Section Image
Sunshine Realty Group
(512) 648-4958