40 N Interstate 35 #2C1, Austin, TX 78701
MLS #247707638 · Compass RE Texas, LLC · Michael Frost
About this home
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.
Property details
- Property type
- Residential · Condominium
- Status
- Active
- Year built
- 1983
- Full baths
- 2
- Lot size
- 0.0232
- Subdivision
- Towers Town Lake Condo Amd
- MLS area
- DT
- MLS #
- 247707638
Features
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)
Exterior features
- Balcony
Additional details
- Parking
- Assigned
- Garage spaces
- 2
- Roof
- See Remarks
- Foundation
- Slab
- HOA
- $1,010 / monthly
- Annual tax
- $6,982
Location
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Schools
Assigned schools per the MLS.
- School district
- Austin ISD
- Elementary
- Mathews
- Middle
- O Henry
- High
- Austin
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Getting around
- Downtown Austin
- 0.9 mi
- Austin-Bergstrom Airport
- 5.8 mi
Straight-line distance, not drive time.
Market insights
Compared with 373 active homes in ZIP 78701 · HomeLocating listings
At $630,000, this home is priced 4% below the $657,000 median across 373 active homes in ZIP 78701, including other homes in Towers Town Lake Condo.
Estimated monthly payment
Home price
$630,000
Down payment
20% ($126,000)
Loan details
30-yr fixed, 6.50%
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Listing courtesy of Compass RE Texas, LLC · Michael Frost
Listing data last updated Oct 21, 2026, 5:46 PM
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