UNDER CONTRACT
$500K PRICE DROP
Towers Of Town Lake 40 N Interstate 35 Unit PA1 Austin, TX 78701
Rainey Street Historic District NeighborhoodEstimated payment $19,308/month
Total Views
6,340
4
Beds
4.5
Baths
6,260
Sq Ft
$319
Price per Sq Ft
Highlights
- Concierge
- Fitness Center
- Cabana
- Mathews Elementary School Rated A
- Building Security
- 4-minute walk to Waller Beach at Town Lake Metropolitan Park
About This Home
Step into a residence that mirrors the enigmatic allure of a character straight out of a spy novel—an embodiment of sophistication with a hint of intrigue. If James Bond were to call Austin home, this penthouse would undoubtedly be his sanctuary. As you enter through the secure private elevator, you're greeted by expansive panoramic views that stretch across Lady Bird Lake and the enchanting Austin city skyline. Spanning an impressive 6260 Sq.Ft., this residence boasts multiple living and entertaining areas, each meticulously designed to showcase the breathtaking lake vistas. Indulge in the warmth of the wood-burning fireplace and the rich allure of mahogany floors, or retreat to the spa-like sanctuary of the bathroom, complete with a Jacuzzi and steam room. Step out onto the covered balconies and soak in the tranquility of your surroundings, knowing that privacy and security are paramount in this gated community. Immerse yourself in the advanced lighting and sound systems, creating an ambiance of sophistication and elegance. The contemporary kitchen, complete with prep room and extra refrigerator and freezer space, is a testament to both functionality and style.
Recharge your electric vehicle with the convenience of a Tesla Charger and 6 conveniently located parking spaces. Nestled within a gated community on the serene west side of the Towers of Town Lake it's a haven of tranquility amidst the vibrant energy of downtown Austin while still being within arm's reach of the vibrant Historical Rainey District and Lady Bird Lake. Indulge in the array of amenities available at the Towers of Town Lake, including indoor racquetball and basketball courts, cardio and weight rooms, indoor and outdoor pools, sauna, billiards room, and a library, all complemented by 24/7 concierge service.
With its unbeatable combination of privacy, location, size, finishes, and uniqueness, this penthouse represents an extraordinary value in downtown Austin.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $42,635
Year Built
- Built in 1983
Lot Details
- Southwest Facing Home
- Landscaped
HOA Fees
- $4,614 Monthly HOA Fees
Parking
- 6 Car Garage
- Side by Side Parking
- Gated Parking
- Guest Parking
- Reserved Parking
- Assigned Parking
- Community Parking Structure
Property Views
Home Design
- Slab Foundation
- Concrete Roof
- Concrete Siding
- Plaster
Interior Spaces
- 6,260 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Wet Bar
- Sound System
- Built-In Features
- Bookcases
- Bar Fridge
- Bar
- Ceiling Fan
- Skylights
- Recessed Lighting
- Wood Burning Fireplace
- Awning
- Blinds
- Aluminum Window Frames
- Window Screens
- Great Room with Fireplace
- Multiple Living Areas
- Dining Room
- Storage Room
- Washer and Dryer
- Closed Circuit Camera
Kitchen
- Eat-In Gourmet Kitchen
- Breakfast Area or Nook
- Breakfast Bar
- Built-In Electric Oven
- Cooktop
- Microwave
- Built-In Freezer
- Built-In Refrigerator
- Freezer
- Dishwasher
- Wine Refrigerator
- Kitchen Island
- Granite Countertops
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 4 Main Level Bedrooms
- Double Master Bedroom
- Dual Closets
- Walk-In Closet
- Dressing Area
- Two Primary Bathrooms
- Double Vanity
- Hydromassage or Jetted Bathtub
- Steam Shower
- Separate Shower
Pool
- Cabana
- Spa
Outdoor Features
- Covered patio or porch
Schools
- Mathews Elementary School
- O Henry Middle School
- Austin High School
Utilities
- Central Heating and Cooling System
- Vented Exhaust Fan
- Water Not Available
- High Speed Internet
Listing and Financial Details
- Assessor Parcel Number 02010402160172
- Tax Block D
Community Details
Overview
- Association fees include cable TV, common area maintenance, heat, water, internet, landscaping, ground maintenance, parking, security, trash
- Towers Of Town Lake HOA
- Towers Town Lake Condo Amd Subdivision
- On-Site Maintenance
Amenities
- Concierge
- Community Barbecue Grill
- Courtyard
- Common Area
- Game Room
- Business Center
- Meeting Room
- Community Library
- Package Room
- Community Mailbox
Recreation
- Trails
Security
- Building Security
- Resident Manager or Management On Site
- Controlled Access
- Gated Community
- Fire and Smoke Detector
Map
About Towers Of Town Lake
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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 |
|---|---|---|---|---|
| 2023 | $42,635 | $2,356,493 | $579,656 | $1,776,837 |
| 2022 | $49,948 | $2,529,127 | $579,656 | $1,949,471 |
| 2021 | $43,643 | $2,005,038 | $579,656 | $1,425,382 |
| 2020 | $44,478 | $2,073,700 | $579,656 | $1,494,044 |
| 2018 | $45,829 | $2,070,000 | $483,047 | $1,586,953 |
| 2017 | $43,510 | $1,951,000 | $483,047 | $1,467,953 |
| 2016 | $41,669 | $1,868,469 | $483,047 | $1,506,953 |
| 2015 | $34,751 | $1,698,608 | $603,809 | $1,346,191 |
| 2014 | $34,751 | $1,544,189 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/21/2025 03/21/25 | Price Changed | $1,999,999 | -20.0% | $319 / Sq Ft |
| 11/27/2024 11/27/24 | For Sale | $2,500,000 | 0.0% | $399 / Sq Ft |
| 11/18/2024 11/18/24 | Pending | -- | -- | -- |
| 04/25/2024 04/25/24 | For Sale | $2,500,000 | -- | $399 / Sq Ft |
Source: Unlock MLS (Austin Board of REALTORS®)
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Austin Title Co | |
| Vendors Lien | -- | American-Austin Title Co | |
| Warranty Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $600,000 | Unknown | |
| Open | $1,141,170 | Unknown | |
| Closed | $33,369 | Commercial | |
| Closed | $80,000 | Future Advance Clause Open End Mortgage | |
| Closed | $1,700,000 | Unknown | |
| Closed | $1,500,000 | Commercial |
Source: Public Records
Similar Homes in Austin, TX
Source: Unlock MLS (Austin Board of REALTORS®)
MLS Number: 7625486
APN: 188202
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