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Towers Of Town Lake

Towers Of Town Lake

Towers Of Town Lake
Condominium Building Complex
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

40 N Interstate 35,
Austin, TX 78701
183 Units
13 Stories
1983 Year Built
$453K - $2.6M Value Range

Available Units

For Sale
For Rent

Highlights

  • Concierge
  • Mathews Elementary School Rated A
  • Lake Front
  • Fitness Center
  • Elevator
  • 4 min walk to Waller Beach at Town Lake Metropolitan Park

A downtown Austin landmark offering lakeside living and urban convenience

The Towers of Town Lake, completed in 1983, stands as a prominent fixture in Austin's skyline. This 13-story condominium complex houses 183 units, providing residents with a blend of city living and natural beauty. Situated in the vibrant Rainey Street Historic District, the building offers easy access to Lady Bird Lake and the bustling entertainment scene that defines this corner of Austin. With its prime location and array of amenities, the Towers of Town Lake caters to those seeking a balance between urban energy and lakeside tranquility.

Spacious residences with panoramic views and luxurious touches

The Towers of Town Lake offers a diverse range of floor plans to suit various lifestyles. One-bedroom units, starting at approximately 1,500 square feet, feature 1.5 bathrooms and provide ample space for single professionals or couples. Two-bedroom layouts range from 1,234 to 2,651 square feet, with 2 to 3 bathrooms, and are priced between $450,000 and $1,250,000. These units often include open-concept living areas, updated kitchens with stainless steel appliances, and private balconies offering city or lake views. For those requiring more space, three-bedroom units span 1,743 to 2,651 square feet, with 2 to 3 bathrooms, and are valued from $742,000 to $1,721,832. These larger residences frequently feature elegant finishes such as hardwood floors, granite countertops, and spacious master suites with walk-in closets. The most expansive offerings are the four-bedroom units, ranging from 2,452 to an impressive 6,260 square feet, with 2 to 4.5 bathrooms. These premium residences, priced between $1,300,000 and $2,500,000, often boast luxury amenities like gourmet kitchens, multiple living areas, and breathtaking panoramic views of Lady Bird Lake and the Austin skyline. Many units throughout the building have been thoughtfully updated, incorporating modern design elements while maintaining the building's classic charm. Features such as floor-to-ceiling windows, custom cabinetry, and high-end fixtures are common in renovated units. Some residences even include unique luxuries like cedar-lined walk-in closets, steam showers with polished nickel fixtures, or private saunas. Monthly HOA fees range from $100 to $4,200, covering amenities such as common area maintenance, ground upkeep, structural maintenance, trash removal, and water services. This wide range in fees reflects the varying sizes and locations of units within the building, with larger, premium units typically incurring higher monthly costs.

Resort-inspired amenities fostering an active, social lifestyle

The Towers of Town Lake offers an impressive array of amenities designed to enhance residents' daily lives. The building boasts both indoor and outdoor heated pools, perfect for year-round swimming and relaxation. Fitness enthusiasts will appreciate the well-equipped gym, weight room, and cardio facilities, as well as the racquetball and basketball courts for more dynamic workouts or friendly competitions. For those seeking relaxation, the building provides steam rooms, saunas, and hot tubs. Social spaces include a billiards room, a piano room, and a library, fostering a sense of community among residents. The complex also features a snack room and a conference room, catering to both casual gatherings and professional needs. Unique amenities like a Tesla charger cater to eco-conscious residents, while the presence of a red cedar sauna and steam showers with high-end fixtures in some units adds a touch of luxury to the living experience. The Towers of Town Lake prioritizes resident convenience and security with its 24-hour concierge service, controlled access, and gated entry. Additional services include a business center, ample guest parking, on-site maintenance, and even laundry service pickup. The building also offers storage rooms and a package room for residents' convenience. Community engagement is encouraged through planned social events, community groups, and clubs, helping to create a vibrant and connected living environment. With its comprehensive amenities and services, the Towers of Town Lake aims to provide a comfortable, convenient, and engaging lifestyle for its residents.

A vibrant district blending urban energy with natural beauty

The Towers of Town Lake is ideally situated in the Rainey Street Historic District, one of Austin's most dynamic neighborhoods. This area has transformed from a quiet residential street into a lively entertainment hub, while still maintaining its historic charm. The district is known for its unique blend of renovated bungalows-turned-bars, trendy restaurants, and modern high-rises, creating a distinctive atmosphere that epitomizes Austin's eclectic spirit. Just steps away from the building, residents can explore the famous Rainey Street, home to a diverse array of bars, eateries, and live music venues. The street comes alive in the evenings with locals and visitors enjoying craft beers, artisanal cocktails, and an eclectic mix of cuisines. Notable spots include Banger's Sausage House and Beer Garden, known for its extensive beer selection and live music, and Emmer & Rye, an upscale restaurant featuring innovative American cuisine. Nature enthusiasts will appreciate the proximity to Lady Bird Lake and its surrounding parklands. The Ann and Roy Butler Hike and Bike Trail, accessible just outside the building, offers over 10 miles of scenic paths perfect for jogging, cycling, or leisurely strolls. Residents can also enjoy water activities such as kayaking, paddleboarding, or simply relaxing by the shore at nearby Waller Beach. For everyday needs, the neighborhood offers convenient options. Royal Blue Grocery, a local specialty market, is just a short walk away, providing groceries and ready-to-eat meals. Whole Foods Market is also within walking distance for a wider selection of natural and organic products. Cultural attractions abound in the area, with the Emma S. Barrientos Mexican American Cultural Center hosting various events and exhibitions celebrating Latino culture. The neighborhood is also a prime spot during major Austin events like SXSW, offering residents front-row access to one of the city's most exciting annual festivals. The Rainey Street Historic District's central location means easy access to other popular Austin destinations. The 2nd Street District, known for its boutique shopping and dining, is about a mile away. Downtown Austin's main business and entertainment areas are within easy reach, offering additional dining, shopping, and cultural experiences. With its mix of entertainment, nature, and urban conveniences, the neighborhood surrounding the Towers of Town Lake provides a dynamic and diverse living experience, embodying the best of what Austin has to offer.

Convenient access to urban transit and major thoroughfares

The Towers of Town Lake enjoys a strategic location that offers residents multiple transportation options. The building's proximity to major roads and public transit routes makes navigating Austin straightforward for both car owners and those who prefer alternative modes of transportation. For residents who rely on public transportation, several bus stops are within easy walking distance. The "59 Waller & Holly" stop, less than half a mile away, serves the 322-Chicon/Cherrywood line. Just a bit further, the "27 Waller & Flores" stop provides access to additional routes including the 490-HEB Shuttle and 493-Eastview lines. These bus services connect residents to various parts of the city, including downtown Austin and surrounding neighborhoods. Cyclists will find the area particularly accommodating, with the building's location offering excellent access to bike lanes and trails. The nearby Ann and Roy Butler Hike and Bike Trail provides a scenic route for both commuting and leisure rides along Lady Bird Lake. For those who prefer to drive, the Towers of Town Lake is conveniently located near major thoroughfares. Interstate 35 is easily accessible, providing quick routes to other parts of Austin and beyond. The building offers residents assigned parking spaces, with some units even including multiple spots, a rarity in downtown Austin. When it comes to air travel, the Austin-Bergstrom International Airport is approximately 12 miles away, typically reachable in about 25 minutes by car, depending on traffic conditions. The building's location in the heart of the Rainey Street Historic District also means that many of Austin's popular destinations are within walking distance. Residents can easily stroll to nearby restaurants, bars, and entertainment venues, reducing the need for transportation for many day-to-day activities. Whether commuting to work, exploring the city, or traveling further afield, residents of the Towers of Town Lake have a variety of convenient transportation options at their disposal, enhancing the overall accessibility and appeal of this centrally located condominium complex.

Available Units

Building Details

Views

  • River
  • Lake
  • Panoramic
  • Downtown

Recreation

  • Community Lake
  • Community Basketball Court
  • Sport Court
  • Racquetball
  • Fitness Center
  • Indoor Pool
  • Heated Indoor Pool
  • Heated In Ground Pool
  • Spa
  • In Ground Spa
  • Outdoor Pool
  • Community Pool
  • Community Spa
  • Park
  • Trails

Outdoor Features

  • Lake Front
  • River Front
  • Community Barbecue Grill
  • Courtyard
  • Common Area

Amenities

  • Concierge
  • Sauna
  • Clubhouse
  • Game Room
  • Community Kitchen
  • Business Center
  • Meeting Room
  • Lounge
  • Community Library
  • Package Room
  • Community Mailbox
  • Bike Room
  • 24-Hour Security
  • Resident Manager or Management On Site
  • Card or Code Access

Parking

  • 2 - 6 Garage Spaces Per Unit
  • 2 Car Detached Garage
  • Common or Shared Parking
  • Gated Parking
  • Secured Garage or Parking
  • Guest Parking
  • Reserved Parking
  • Assigned Parking

Pet Policy

  • Pet Size Limit
  • Dogs Allowed

Condo Association

  • $949 Monthly HOA Fees
  • Monthly HOA Fees Range from $147 - $4,614
  • Association fees include common area maintenance, water, security, sewer, trash
  • Towers Of Town Lake Association
  • Towers Town Lake Condo Amd Subdivision
  • Property managed by Capital Downtown, Realtors
  • On-Site Maintenance

Building Design

  • Elevator
  • Fire Sprinkler System

Unit Features

  • Open Floorplan
  • Laundry Room
  • Stacked Washer and Dryer Hookup
  • Balcony

Unit Information By Building

Unit
2D4
PB1
Beds
2 Beds
2 Beds
Baths
2 Baths
2.5 Baths
Sq Ft
1,450
2,651
Price
$542,000
$1,099,000
Price / Sq Ft
$374 / Sq Ft
$415 / Sq Ft
List Date
03/06/2025
01/08/2025

Unit Size and Value Ranges

1 Bedroom Units
Sq Ft Range
1,535
Est. Values
$646,769
2 Bedroom Units
Sq Ft Range
1,234 - 2,651
Est. Values
$452,553 - $1,290,178
3 Bedroom Units
Sq Ft Range
1,743 - 2,651
Est. Values
$624,000 - $1,358,150
4 Bedroom Units
Sq Ft Range
2,452 - 6,260
Est. Values
$1,073,000 - $2,601,972
All Units
Sq Ft Range
1,234 - 6,260
Est. Values
$452,553 - $2,601,972

Map

Area Factors

High Crime

Crime Score®

9 / 10

Biker's Paradise

Bike Score®

91 / 100

Very Walkable

Walk Score®

79 / 100

Good Transit

Transit Score®

56 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

Busy

Sound Score®

64 / 100

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Air Pollution®

N/A / 10

--

Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$377K - $2.4M
Range of Taxes in Building
$2,338 - $42,635
Range of Taxes per Sq Ft
$1.89 - $9.17

Property Tax History

Source: Public Records

Building Team

Developer
FaulknerUSA
Property Management
Towers of Town Lake
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.