40 N Interstate 35, Austin TX 78701
Austin, TX 78701 · Towers Town Lake Condo Amd
Condominium for sale in Towers Town Lake Condo Amd
Overview
Property Description
*** Agent is also owner ** Welcome to the Towers of Town Lake, where resort-style amenities, expansive green space, and one of downtown Austin's most desirable locations come together to create an exceptional lifestyle. This upper-floor residence offers 1,459 square feet with two bedrooms, two full bathrooms, and a thoughtfully designed split-bedroom floor plan that provides excellent separation of space. Floor-to-ceiling windows in the living room fill the home with natural light while showcasing beautiful downtown skyline views. Situated behind a gated entrance on nearly seven acres of landscaped grounds, the Towers of Town Lake offers a rare sense of privacy and open space just minutes from downtown. Enjoy convenient access to the new Rainey Street Trailhead, connecting you to Lady Bird Lake, miles of hike-and-bike trails, parks, restaurants, entertainment, and the best of downtown Austin. Residents enjoy an outstanding collection of amenities, including indoor and outdoor pools, a fitness center, beautifully maintained common areas, 24-hour concierge service, on-site management and maintenance staff, and two deeded parking spaces. The homeowner's association is financially strong, with healthy reserve funding, ongoing capital improvements, and a comprehensive 15-year structural improvement plan that reflects a commitment to the property's long-term stewardship. Offering significantly more living space than many newer downtown condominiums, combined with extensive amenities, generous green space, a gated setting, and an exceptional location, this residence presents a rare opportunity to enjoy downtown Austin living at an outstanding value.
Financial Info
- Price
- $575,000
- $ / Sqft
- $394
- HOA
- Yes - Mandatory / $1,145 / Monthly
- HOA Name
- Towers of Town Lake
- HOA Includes
- Common Area Maintenance, Landscaping, Maintenance Grounds, Maintenance Structure, Parking, Pest Control, Sewer, Water
- Tax Rate
- 2.0465%
- Est. Taxes
- $11,173
- Tax Year
- 2025
- Exemptions
- None
Legal Info
- Address
- 40 N Interstate 35
- County
- Travis
- City
- Austin
- State
- TX
- Zip
- 78701
- Subdivision
- Towers Town Lake Condo Amd
- Legal Description
- UNT 11B2 BLD D TOWERS OF TOWN LAKE CONDOMINIUMS AMENDED PLUS .496% INT IN COMMON AREA
- Parcel
- 02010402160150
Interior Features
- Floor
- Carpet, Tile, Wood
- Num Living
- 1
- Dining
- 1
- Kitchen
- Granite Counters
- Appliances
- Dishwasher, Disposal, Microwave, Free-Standing Electric Range, Refrigerator
- Laundry
- Laundry Closet
- Master Bed
- Double Vanity, Walk-In Closet(s)
- Master Main
- Yes
- Interior Features
- Cedar Closet(s), Ceiling Fan(s), Chandelier, Granite Counters, Tile Counters, Crown Molding, Double Vanity, Electric Dryer Hookup, Elevator, High Speed Internet, Open Floorplan, Recessed Lighting, Sauna, Track Lighting, Walk-In Closet(s), Washer Hookup, Wired for Sound, 24 Hour Security, Blinds
General Info
- Beds
- 2 Total / 2 Main Level
- Full / Half Baths
- 2 / 0
- Prop Type
- Residential
- Property Type
- Condominium
- Stories
- 1
- Year Built
- 1983 / Resale
- Square Feet
- 1,459 / Public Records
- Garages
- 2
- Garage Desc
- Garage
- Foundation
- Slab
- Roof
- Membrane
- Construction
- Stucco, Synthetic Stucco
- Acres
- 0.03
- Lot Description
- Landscaped, Sprinkler - In-ground, Trees-Sparse, Views
- Restrictions
- Covenant, Lease
- Flood Plain
- No, Yes-500 yr
- View
- City
- Water Access
- Yes
- Waterfront
- Yes
- Area
- DT
Utility Info
- Water
- Public, Well
- Sewer
- Public Sewer
- Utilities
- Cable Available, Electricity Available, Electricity Connected, Internet-Cable, Natural Gas Not Available, Phone Available, Sewer Connected, Water Connected
- Heat
- Electric
- A C
- Central Air
Exterior Features
- Fence
- Fenced, Full, Gate, Security
- Exterior Features
- Balcony, Basketball Court, Uncovered Courtyard, Lighting, Private Entrance, None
- Pool On Property
- Yes
- Area Amenities
- Clubhouse, Cluster Mailbox, Common Grounds, Concierge, Conference/Meeting Room, Controlled Access, Courtyard, Covered Parking, Electronic Payments, Game Room, Garage Parking, Gated, Hot Tub Community, Lake, Laundry Service, Library, Lock and Leave, Lounge, Maintenance On-Site, Planned Social Activities, Pool, Recycling Area/Center, Sauna, Spa/Hot Tub
Price history
| Date | Event | Price | Change |
|---|---|---|---|
| Oct 27, 2026 | Price Decrease | $575,000−$10,000 (−1.7%) | −$10,000 (−1.7%) |
| Sep 16, 2026 | Back On Market | — | |
| Sep 16, 2026 | Hold | — | |
| Aug 24, 2026 | Price Decrease | $585,000−$14,000 (−2.3%) | −$14,000 (−2.3%) |
| Jul 29, 2026 | Price Decrease | $599,000−$11,000 (−1.8%) | −$11,000 (−1.8%) |
| Jul 1, 2026 | New Listing | — |
Taxes
No safe current-year residential account match is available.
Informational estimate, not a tax bill or taxes paid. Exemptions and tax ceilings can make taxes differ from the combined rate multiplied by one taxable value. PID assessments and other special charges are excluded; collector coverage has not been established.
Source: Travis County
- Owner
- DRESSLAR WALTER E
- Legal
- UNT 11B2 BLD D TOWERS OF TOWN LAKE CONDOMINIUMS AMENDED PLUS .496% INT IN COMMON AREA
- Geo ID
- prop:188180
- Acreage
- 0.03
- Exemption Type
- None on record
- MLS estimated annual taxes
- $11,173
- MLS tax year
- 2025
Older years use the legacy CAD source and may differ from final bills. Annual estimates appear only when supplied by that source; rates and taxes paid are not included in these appraisal records.
| Year | Land | Improvements | Market | Assessed | Annual Tax Estimate |
|---|---|---|---|---|---|
| 2025 | $133,977 | $371,800 | $505,777 | $505,777 | — |
Source: Travis County
Schools
School Info
- District
- Austin ISD
- Elementary
- Mathews
- Middle
- O Henry
- High
- Austin
Maps
Financing
Your preferences
- 20% down
- Conv/Jumbo
- 30 years
- 6.50% rate
Saved on this device
Estimated monthly payment
$4,318 / mo
20% down · 6.50% interest · 30-year fixed
Estimated monthly payment $4,318
- Principal & interest
- $2,908
- Property taxes
- $931
- Homeowners insurance
- $479
*PITI only
These figures are estimates for general information only — not a loan offer, a quote, or a guarantee of financing terms.
| Year | Starting balance | Principal paid | Interest paid | Ending balance | Principal vs interest |
|---|---|---|---|---|---|
| 1 | $460,000 | $5,142 | $29,749 | $454,858 | |
| 2 | $454,858 | $5,486 | $29,404 | $449,373 | |
| 3 | $449,373 | $5,853 | $29,037 | $443,519 | |
| 4 | $443,519 | $6,245 | $28,645 | $437,274 | |
| 5 | $437,274 | $6,664 | $28,227 | $430,610 | |
| 6 | $430,610 | $7,110 | $27,780 | $423,501 | |
| 7 | $423,501 | $7,586 | $27,304 | $415,915 | |
| 8 | $415,915 | $8,094 | $26,796 | $407,821 | |
| 9 | $407,821 | $8,636 | $26,254 | $399,185 | |
| 10 | $399,185 | $9,214 | $25,676 | $389,970 |
- Year 1$454,858
- Principal paid
- $5,142
- Interest paid
- $29,749
- Starting balance
- $460,000
- Year 2$449,373
- Principal paid
- $5,486
- Interest paid
- $29,404
- Starting balance
- $454,858
- Year 3$443,519
- Principal paid
- $5,853
- Interest paid
- $29,037
- Starting balance
- $449,373
- Year 4$437,274
- Principal paid
- $6,245
- Interest paid
- $28,645
- Starting balance
- $443,519
- Year 5$430,610
- Principal paid
- $6,664
- Interest paid
- $28,227
- Starting balance
- $437,274
- Year 6$423,501
- Principal paid
- $7,110
- Interest paid
- $27,780
- Starting balance
- $430,610
- Year 7$415,915
- Principal paid
- $7,586
- Interest paid
- $27,304
- Starting balance
- $423,501
- Year 8$407,821
- Principal paid
- $8,094
- Interest paid
- $26,796
- Starting balance
- $415,915
- Year 9$399,185
- Principal paid
- $8,636
- Interest paid
- $26,254
- Starting balance
- $407,821
- Year 10$389,970
- Principal paid
- $9,214
- Interest paid
- $25,676
- Starting balance
- $399,185
Nearby
Courtesy of eXp Realty, LLC · (888) 519-7431
Listings courtesy of ACTRIS as distributed by MLS GRID.