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
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
No price or status changes recorded yet.
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
- 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
- Exemption Type
- None on record
- MLS estimated annual taxes
- $6,982
- MLS tax year
- 2026
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 | $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
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.
| Year | Starting balance | Principal paid | Interest paid | Ending balance | Principal 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
Nearby
Courtesy of Compass RE Texas, LLC · (512) 575-3644
Listings courtesy of ACTRIS as distributed by MLS GRID.