Towers Of Town Lake 40 N Interstate Hwy 35 Unit 5B3 Austin, TX 78701
Rainey Street Historic District NeighborhoodEstimated payment $4,219/month
Total Views
2,077
2
Beds
2
Baths
1,288
Sq Ft
$324
Price per Sq Ft
Highlights
- Fitness Center
- Panoramic View
- Lock-and-Leave Community
- Mathews Elementary School Rated A
- Open Floorplan
- Wooded Lot
About This Home
Live 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!
Listing Agent
Compass RE Texas, LLC Brokerage Phone: (512) 791-5209 License #0583493
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
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
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 | $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
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/17/2025 04/17/25 | For Sale | $417,000 | -- | $324 / Sq Ft |
Source: Unlock MLS (Austin Board of REALTORS®)
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| 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 | |
| Previous Owner | $95,000 | Credit Line Revolving | |
| Previous Owner | $137,400 | Unknown | |
| Previous Owner | $137,700 | Unknown |
Source: Public Records
Similar Homes in Austin, TX
Source: Unlock MLS (Austin Board of REALTORS®)
MLS Number: 2130179
APN: 188095
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