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ActiveMLS #9122904

40 N Interstate 35, Austin TX 78701

Austin, TX 78701 · Towers Town Lake Condo Amd

Condominium for sale in Towers Town Lake Condo Amd

2Bedrooms
2Bathrooms
1,288Square Ft
0.02Acres
2Garage
1983Year Built
1 / 39
$630,000

Overview

Property Description

Set in the heart of downtown Austin, this beautifully updated 2-bedroom, 2-bathroom residence at The Towers of Town Lake delivers an elevated lock-and-leave lifestyle in an unbeatable location. Step outside and you’re minutes from the energy of Rainey Street, but far enough away to enjoy peace and quiet if that's what you prefer. It is the best of both worlds. Enjoy downtown dining and entertainment, and the Town Lake Trail, with Lady Bird Lake just beyond for paddle boarding, kayaking, and afternoons on the water. Inside, a bright, open floor plan is framed by floor-to-ceiling glass and high-end finishes throughout. The chef’s kitchen is designed for both everyday living and entertaining, featuring a large center island, Leicht cabinetry, built-in Wolf cooktop, wall oven, Scotsman ice maker and integrated Thermador refrigerator. Just off the living area, a built-in bar with mini fridge makes hosting effortless. Floor-to-ceiling sliding glass doors extend the living space to a large private balcony, creating an inviting connection between indoor and outdoor living. The spacious primary suite offers a private retreat with a spa-like ensuite bath, complete with dual vanity, walk-in shower, and generous walk-in closet. Residents of The Towers enjoy an exceptional collection of amenities, including indoor and outdoor pools, fitness center, racquetball court, sauna, community lounge, secure garage parking, and 24-hour concierge service. With downtown Austin, the lake, trails, and Rainey Street all within reach, this is city living at it's best.

Financial Info
Price
$630,000
$ / Sqft
$489
HOA
Yes - Mandatory / $1,010 / Monthly
HOA Name
Towers of Town Lake Condominiums
HOA Includes
See Remarks, Common Area Maintenance
Tax Rate
2.0465%
Est. Taxes
$6,982
Tax Year
2026
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 2C1 BLD D TOWERS OF TOWN LAKE CONDOMINIUMS AMENDED PLUS .438% INT IN COMMON AREA
Parcel
02010402160020
Interior Features
Floor
Carpet, Tile
Num Living
1
Dining
1
Kitchen
Breakfast Bar, Eat-in Kitchen, Kitchen Island, Pantry
Appliances
Built-In Oven(s), Built-In Refrigerator, Cooktop, Dishwasher, Microwave, Stainless Steel Appliance(s), Wine Refrigerator
Laundry
Laundry Closet
Master Bed
Double Vanity, Walk-In Closet(s)
Master Main
Yes
Interior Features
See Remarks, Bar, Breakfast Bar, Built-in Features, Ceiling Fan(s), High Ceilings, Double Vanity, Eat-in Kitchen, Kitchen Island, Open Floorplan, Pantry, Recessed Lighting, Walk-In Closet(s), 24 Hour Security
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
1,288 / Public Records
Garages
2
Garage Desc
Assigned
Foundation
Slab
Roof
See Remarks
Construction
See Remarks
Acres
0.02
Lot Description
None
Restrictions
Deed Restrictions
Flood Plain
No
View
Downtown
Water Access
Yes
Waterfront
Yes
Area
DT
Utility Info
Water
Public
Sewer
Public Sewer
Utilities
Electricity Available, Sewer Available, Water Available
Heat
Central
A C
Central Air
Exterior Features
Fence
None
Exterior Features
Balcony, None
Pool On Property
No
Area Amenities
Common Grounds, Concierge, Controlled Access, Fitness Center, Garage Parking, Gated, Lock and Leave, Lounge, Pool, Racquetball, Sauna

Price history

Members only
Days on market
$630,000
List price
0
Price reductions
Active
Since Oct 1, 2026
Property history0 events

No price or status changes recorded yet.

Taxes

2026 Estimated Property 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

General Information
Owner
ALVAREZ SERGIO R
Legal
UNT 2C1 BLD D TOWERS OF TOWN LAKE CONDOMINIUMS AMENDED PLUS .438% INT IN COMMON AREA
Geo ID
prop:188050
Acreage
0.02
Exemptions
Exemption Type
None on record
Tax Summary
MLS estimated annual taxes
$6,982
MLS tax year
2026
Historical Tax Summary

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.

YearLandImprovementsMarketAssessedAnnual Tax Estimate
2025$120,306$316,336$436,642$436,642—

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

List price $630,000
Down payment
Stays 20% if you change the price
Note rate, not APR
From this listing’s tax record
*Estimated only (1% of price / yr)

Estimated monthly payment

$4,293 / mo

20% down · 6.50% interest · 30-year fixed

Estimated monthly payment $4,293

Principal & interest
$3,186
Property taxes
$582
Homeowners insurance
$525

*PITI only

These figures are estimates for general information only — not a loan offer, a quote, or a guarantee of financing terms.

Principal, interest and balance for each year
YearStarting balancePrincipal paidInterest paidEnding balancePrincipal vs interest
1$504,000$5,633$32,594$498,367
2$498,367$6,011$32,217$492,356
3$492,356$6,413$31,814$485,943
4$485,943$6,843$31,385$479,100
5$479,100$7,301$30,927$471,799
6$471,799$7,790$30,438$464,009
7$464,009$8,312$29,916$455,698
8$455,698$8,868$29,359$446,830
9$446,830$9,462$28,765$437,368
10$437,368$10,096$28,132$427,272
  • Year 1$498,367
    Principal paid
    $5,633
    Interest paid
    $32,594
    Starting balance
    $504,000
  • Year 2$492,356
    Principal paid
    $6,011
    Interest paid
    $32,217
    Starting balance
    $498,367
  • Year 3$485,943
    Principal paid
    $6,413
    Interest paid
    $31,814
    Starting balance
    $492,356
  • Year 4$479,100
    Principal paid
    $6,843
    Interest paid
    $31,385
    Starting balance
    $485,943
  • Year 5$471,799
    Principal paid
    $7,301
    Interest paid
    $30,927
    Starting balance
    $479,100
  • Year 6$464,009
    Principal paid
    $7,790
    Interest paid
    $30,438
    Starting balance
    $471,799
  • Year 7$455,698
    Principal paid
    $8,312
    Interest paid
    $29,916
    Starting balance
    $464,009
  • Year 8$446,830
    Principal paid
    $8,868
    Interest paid
    $29,359
    Starting balance
    $455,698
  • Year 9$437,368
    Principal paid
    $9,462
    Interest paid
    $28,765
    Starting balance
    $446,830
  • Year 10$427,272
    Principal paid
    $10,096
    Interest paid
    $28,132
    Starting balance
    $437,368
First 10 of 30 years

Nearby

Courtesy of Compass RE Texas, LLC · (512) 575-3644

Listings courtesy of ACTRIS as distributed by MLS GRID.