J
Seller's Agent in 2025
John Brandon Faught
Compass RE Texas, LLC
(512) 791-5209
1 in this area
13 Total Sales
Last list price
Towers Of Town Lake 40 N Interstate Hwy 35 Unit 5B3 Austin, TX 78701
Rainey Street Historic District Neighborhood
2
Beds
2
Baths
1,288
Sq Ft
$949/mo
HOA Fee
Highlights
- Fitness Center
- Panoramic View
- Lock-and-Leave Community
- Mathews Elementary School Rated A
- Open Floorplan
- Wooded Lot
About This Home
As of July 2025Live in the Heart of Downtown Austin at the Coveted Towers of Town Lake.
Enjoy stunning views of Lady Bird Lake and the iconic Congress Bridge bats from your private balcony in this chic and stylish 2BD/2BA condo. With 1,288 sq ft of luminous living space, this residence blends modern updates with breathtaking scenery.
The bright open floor plan connects the kitchen, dining, and living areas while still offering subtle separation between spaces. Soaring ceilings, recessed LED lighting, and a wall of windows and glass doors flood the home with natural light and seamlessly extend the living space outdoors.
The contemporary kitchen features custom cabinetry with generous storage—including built-in pantry cabinets and additional shelving in the laundry room. Granite countertops, stainless steel appliances, and bar seating at the peninsula make this kitchen both functional and inviting. A dedicated dining area is perfect for hosting dinner parties before a night out on Rainey Street.
The spacious primary suite offers a private ensuite bath with raised bowl sinks, granite counters, custom cabinetry, and a large walk-in closet. A separate water closet includes a walk-in shower and private toilet. The second bedroom and full bath are ideal for guests or a home office.
Towers of Town Lake offers unmatched amenities: indoor and outdoor pools, a spa, fitness center, racquetball court, library, game room, and elegant gathering spaces. Residents enjoy the support of a top-tier staff known for exceptional service. You also have two, 1st level adjacent parking spaces!
Located directly along Lady Bird Lake, you’ll have hike & bike trail access at your doorstep and easy walkability to restaurants & entertainment. With Downtown and East Austin just steps away and quick access to I-35, everything you need is right at your fingertips.
Don’t miss this rare opportunity to own a private oasis in one of Austin’s premier condo towers—schedule your showing today!
Last Agent to Sell the Property
Compass RE Texas, LLC Brokerage Phone: (512) 791-5209 License #0583493 Listed on: 04/17/2025
Last Buyer's Agent
Non Member
Non Member License #785011
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $11,362
Year Built
- Built in 1983
Lot Details
- South Facing Home
- Landscaped
- Sprinkler System
- Wooded Lot
- Dense Growth Of Small Trees
- Property is in good condition
HOA Fees
- $949 Monthly HOA Fees
Parking
- 2 Car Garage
- Assigned Parking
Property Views
- Panoramic
Home Design
- Slab Foundation
- Flat Tile Roof
- Masonry Siding
Interior Spaces
- 1,288 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Built-In Features
- High Ceiling
- Ceiling Fan
- Recessed Lighting
- Chandelier
- Blinds
- Living Room
- Dining Room
- Storage Room
Kitchen
- Open to Family Room
- Breakfast Bar
- Electric Oven
- Electric Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Granite Countertops
- Disposal
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
- Double Vanity
- Walk-in Shower
Laundry
- Laundry Room
- Washer and Dryer
Home Security
Outdoor Features
- Terrace
- Exterior Lighting
Schools
- Mathews Elementary School
- O Henry Middle School
- Austin High School
Utilities
- Central Heating and Cooling System
- Vented Exhaust Fan
- ENERGY STAR Qualified Water Heater
- High Speed Internet
- Cable TV Available
Additional Features
- No Interior Steps
- City Lot
Listing and Financial Details
- Assessor Parcel Number 02010402160065
- Tax Block D
Community Details
Overview
- Association fees include common area maintenance, water, security, sewer, trash
- Towers Of Town Lake Association
- Towers Town Lake Condo Amd Subdivision
- Lock-and-Leave Community
Amenities
- Community Barbecue Grill
- Common Area
- Game Room
- Business Center
- Meeting Room
- Community Library
- Community Mailbox
Recreation
- Trails
Security
- Controlled Access
- Fire and Smoke Detector
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 17, 2025
Closed on
Jul 17, 2025
Sold by
Magee Theodore Parker
Bought by
Garza Maria Imelda
Seller's Agent
John Brandon Faught
Compass RE Texas, LLC
Buyer's Agent
Non Member
Non Member
List Price
$417,000
Views
68
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1073.33%
Purchase Details
Closed on
Sep 12, 2019
Sold by
Hazel Nanneska Nall
Bought by
Nall Hazel Nanneska and Magee Christopher Sean Patrick
Purchase Details
Closed on
Apr 28, 2011
Sold by
Rao Santhosh
Bought by
Elley Robert R and Elley Alicia K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
4.82%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 12, 2007
Sold by
Lyle Cory J and Lyle Heather J
Bought by
Rao Santhosh
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,500
Interest Rate
6.1%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Capital Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Vendors Lien | -- | None Available | |
| Vendors Lien | -- | Gracy Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $252,000 | Commercial | |
| Previous Owner | $77,500 | Commercial | |
| Previous Owner | $232,500 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/18/2025 07/18/25 | Sold | -- | -- | -- |
| 04/17/2025 04/17/25 | For Sale | $417,000 | -- | $324 / Sq Ft |
Source: Unlock MLS (Austin Board of REALTORS®)
Tax History Compared to Growth
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 | $11,362 | $526,946 | $120,306 | $406,640 |
| 2023 | $11,362 | $585,650 | $120,306 | $465,344 |
| 2022 | $11,094 | $561,718 | $120,306 | $441,412 |
| 2021 | $9,927 | $456,053 | $120,306 | $335,747 |
| 2020 | $8,555 | $398,865 | $120,306 | $278,559 |
| 2018 | $8,692 | $392,576 | $100,255 | $292,321 |
| 2017 | $9,348 | $419,151 | $100,255 | $318,896 |
| 2016 | $9,297 | $416,873 | $100,255 | $316,618 |
| 2015 | $7,625 | $333,956 | $125,319 | $208,637 |
| 2014 | $7,625 | $320,409 | $125,319 | $195,090 |
Source: Public Records
Agents Affiliated with this Home
-
John Brandon Faught
-
N
Buyer's Agent in 2025
Non Member
Non Member
About Towers Of Town Lake
Map
Source: Unlock MLS (Austin Board of REALTORS®)
MLS Number: 2130179
APN: 188095
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