$330,200

Towers Of Town Lake 40 N Interstate 35 Unit 7A2 Austin, TX 78701

Rainey Street Historic District Neighborhood

Estimated payment $2,857/month

Total Views 62
2 Beds
2 Baths
1,234 Sq Ft
$268 Price per Sq Ft

Highlights

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

About This Home

Welcome to your serene urban retreat in the Rainey District, a spacious 2-bedroom, 2-bath residence with sweeping northern city views from every room. Enjoy morning walks along Lady Bird Lake, relaxed afternoons in the park across the street, or vibrant evenings on Rainey Street, just steps from your door. Set on five acres of beautifully maintained private grounds, this landmark community offers space and serenity rarely found downtown. Amenities include 24-hour concierge and security, a conference room, library, fitness center, racquetball court, and a resort-style indoor/outdoor pool and spa. This well-kept condo is move-in ready yet offers excellent potential for personal updates or modern renovations. As one of downtown Austin’s first condominium developments, this community stands out for its expansive, privately owned grounds, providing lasting privacy and city views. Experience the best of both worlds—vibrant downtown living surrounded by open, green space.

Listing Agent

Sandra DeLeon

Berkshire Hathaway TX Realty Brokerage Phone: (512) 483-6000 License #0657071 Listed on: 10/30/2025

Berkshire Hathaway TX Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,615

Year Built

  • Built in 1983

Lot Details

  • East Facing Home
  • Security Fence
  • Gated Home
  • Wrought Iron Fence
  • Property is Fully Fenced
  • Perimeter Fence
  • Landscaped
  • Native Plants
  • Gentle Sloping Lot
  • Sprinkler System
  • Mature Trees
  • Wooded Lot
  • Dense Growth Of Small Trees
  • Garden

HOA Fees

  • $910 Monthly HOA Fees

Parking

  • 2 Car Detached Garage
  • Lighted Parking
  • Garage Door Opener
  • Gated Parking
  • Guest Parking
  • Parking Permit Required
  • Assigned Parking
  • Community Parking Structure

Property Views

  • Neighborhood

Home Design

  • Slab Foundation
  • Tar and Gravel Roof
  • Flat Tile Roof
  • Metal Siding
  • Stone Siding
  • Stucco

Interior Spaces

  • 1,234 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Recessed Lighting
  • Blinds
  • Aluminum Window Frames
  • Entrance Foyer
  • Security Lights
  • Washer and Dryer

Kitchen

  • Convection Oven
  • Free-Standing Electric Oven
  • Microwave
  • Freezer
  • Dishwasher
  • Corian Countertops
  • Laminate Countertops
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Double Vanity
  • Soaking Tub
  • Separate Shower

Accessible Home Design

  • Visitor Bathroom
  • Grab Bars
  • Accessible Common Area
  • Customized Wheelchair Accessible
  • Visitable
  • No Interior Steps
  • Accessible Approach with Ramp

Pool

  • Heated Indoor Pool
  • Pool House
  • Heated In Ground Pool
  • Outdoor Pool
  • Spa
  • Fence Around Pool
  • Pool Cover

Outdoor Features

  • Basketball Court
  • Uncovered Courtyard
  • Exterior Lighting

Location

  • Property is near public transit

Schools

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

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 02010402160092

Community Details

Overview

  • Association fees include common area maintenance, landscaping, ground maintenance, security, trash
  • The Towers Of Town Lake Condominium Association
  • The Towers Of Town Lake Condominium Association Subdivision
  • On-Site Maintenance

Amenities

  • Concierge
  • Online Services
  • Courtyard
  • Common Area
  • Recycling
  • Game Room
  • Meeting Room
  • Lounge
  • Community Library
  • Planned Social Activities
  • Package Room
  • Community Mailbox

Recreation

  • Sport Court
  • Racquetball
  • Trails

Pet Policy

  • Pet Amenities

Security

  • 24-Hour Security
  • Resident Manager or Management On Site
  • Card or Code Access
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,615

Year Built

Built in 1983

Lot Details

0

HOA Fees

$910 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 1983
  • Additional Parcels: No
  • Direction Faces: East
  • Directions: From IH35 going South: Exit Cesar Chavez Street, stay on the frontage road until you see the black property gates on the left hand side. You will pass through one light on the frontage road, one stop sign, and the frontage road changes names into East Ave. while driving down the street. Alternatively, you can get directions to 44 East and the Towers of Town Lake entrance will be directly across the street. (The property also has a secondary entrance at IH35 and San Marcos St.)
  • Disclosures: None
  • Fencing: Fenced, Full, Gate, Perimeter, Security, Wrought Iron
  • Garage Spaces: 2
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Levels: One
  • Living Area: 1234
  • Other Structures: Bathroom, Garage(s), Pool House
  • Special Listing Conditions: Estate
  • Attribution Contact: (512) 483-6000
  • ETJ Extra Territorial Jurdn: No
  • Estimated Taxes: 8775.00
  • FEMA Flood Plain: No
  • Restrictions: Covenant
  • Tax Exemptions: None
  • Unit Style: Elevator,High Rise (8-13 Stories),Neighbor Above,Neighbor Below,No Adjoining Neighbor
  • Special Features: None

Interior Features

  • Interior Amenities: Ceiling Fan(s), Corian Counters, Double Vanity, Entrance Foyer, No Interior Steps, Primary Bedroom on Main, Recessed Lighting, Soaking Tub, Walk-In Closet(s)
  • View: City, City Lights, Downtown, Neighborhood, Skyline
  • Flooring: Laminate, Tile
  • Accessibility Features: Accessible Approach with Ramp, Common Area, Customized Wheelchair Accessible, Hand Rails, Visitable, Visitor Bathroom
  • Appliances: Convection Oven, Dishwasher, Disposal, Exhaust Fan, Freezer, Microwave, Oven, Free-Standing Electric Oven, Refrigerator, Washer, Washer/Dryer
  • Main Level Bedrooms: 2
  • Property Condition: Resale
  • Security Features: 24 Hour Security, Building Security, Carbon Monoxide Detector(s), Fire Alarm, Fire Sprinkler System, Gated with Guard, Key Card Entry, Security Guard, Security Lights, Smoke Detector(s)
  • Spa Features: Hot Tub
  • Window Features: Aluminum Frames, Blinds, Window Treatments
  • Laundry Location: In Kitchen,In Unit,Laundry Closet,Main Level

Beds/Baths

  • Full Bathrooms: 2
  • Bedrooms: 2

Exterior Features

  • Exterior Features: Balcony, Basketball Court, Uncovered Courtyard, Exterior Steps, Garden, Lighting
  • Roof: Flat Tile, Tar/Gravel
  • Foundation: Slab
  • Patio And Porch Features: See Remarks
  • Pool Features: Fenced, Heated, In Ground, Indoor, Outdoor Pool, Pool Cover, Pool/Spa Combo
  • Private Pool: Yes
  • Water Body Name: Lady Bird Lake
  • Waterfront Features: See Remarks
  • Waterfront: No

Garage/Parking

  • Total Covered Spaces: 2
  • Parking Features: Assigned, Community Structure, Covered, Detached, Garage, Garage Door Opener, Gated, Guest, Lighted, Permit Required
  • Total Parking Spaces: 2

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Common Area Maintenance, Landscaping, Maintenance Grounds, Security, Trash
  • Association Fee Frequency: Monthly
  • Association Fee: 910
  • Community Web Site: www.towersoftownlakecondos.com

Association/Amenities

  • Association Name: The Towers of Town Lake Condominium Association
  • Association: Yes
  • Community Features: Cluster Mailbox, Common Grounds, Concierge, Conference/Meeting Room, Controlled Access, Courtyard, Covered Parking, Fitness Center, Game/Rec Rm, Garage Parking, Gated, Google Fiber, Hot Tub, Library, Lounge, Maintenance On-Site, Online Services, Package Service, Pet Amenities, Planned Social Activities, Pool, Property Manager On-Site, Racquetball, Recycling Area/Center, Sauna, Sidewalks, 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, Garden, Gentle Sloping, Landscaped, Native Plants, Near Public Transit, Sprinkler - Automatic, Sprinklers In Rear, Sprinklers In Front, Trees-Large (Over 40 Ft), Trees-Medium (20 Ft - 40 Ft), Trees-Small (Under 20 Ft)
  • Parcel Number: 02010402160092
  • Lot Size Acres: 0.0222
  • Lot Size Sq Ft: 967.03
  • Subdivision Name: The Towers of Town Lake Condominium Association

Building Info

  • Construction Materials: Glass, Metal Siding, Stone, Stucco
  • New Construction: No

Tax Info

  • Tax Year: 2025
  • Tax Rate: 1.98180000000000

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 $2,615 $442,633 $114,838 $327,795
2023 $2,338 $450,303 $0 $0
2022 $8,085 $409,366 $0 $0
2021 $8,101 $372,151 $114,838 $257,313
2020 $8,248 $384,557 $114,838 $269,719
2018 $8,367 $377,915 $95,699 $283,044
2017 $7,662 $343,559 $95,699 $271,313
2016 $6,965 $312,326 $95,699 $269,375
2015 $3,850 $283,933 $119,623 $210,826
2014 $3,850 $258,121 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2025 10/30/25 For Sale $330,200 -- $268 / Sq Ft
Source: Unlock MLS (Austin Board of REALTORS®)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Special Warranty Deed -- Heritage Title
Source: Public Records

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 3825613

Unlock MLS (Austin Board of REALTORS®)

APN: 188122

Texas Travis County Austin 78701 Rainey Street Historic District

40 N Interstate 35 Unit 7A2, Austin, TX

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Nearby Homes
Sandra DeLeon
Listing Agent
Sandra DeLeon
Section Image
Berkshire Hathaway TX Realty
(512) 883-4785