Property Overview

Positioned on the sixth floor of the prestigious Towers of Town Lake in Austin's Rainey Street District, this two-bedroom condominium offers an exceptional value rarely seen in this landmark community. The northwest corner unit captures downtown skyline views while maintaining distance from Interstate 35, providing the coveted outlook residents seek. At $264 per square foot—nearly 70 percent below the neighborhood median—the property presents significant built-in equity potential for a buyer willing to personalize the space.

The Rainey Street District location places this condo steps from historic bungalow bars, Lady Bird Lake's jogging trails, and the neighborhood's vibrant nightlife scene. Residents benefit from the building's full-service concierge, professional on-site management, and an exceptional amenity portfolio that includes dual pools (heated indoor and outdoor), a state-of-the-art fitness center with basketball and squash courts, billiards room, game room, and dedicated business facilities. The seller is offering $4,000 in prepaid HOA credits as an additional incentive.

Recent updates enhance the unit's appeal: a complete HVAC system replacement completed within the past year ensures reliability and efficiency. At 1,288 square feet across two bedrooms and two bathrooms, the floor plan accommodates both full-time residents and Austin professionals seeking walkable urban living. The Towers' reputation for service and its gateway position in downtown Austin's most dynamic neighborhood make this offering particularly compelling for buyers seeking established luxury at an undervalued price point.

Agent Description

Time to move! You haven't seen a prestigious Towers of Town Lake priced like this in over 13 years!!! Plus Seller also offering $4,000 prepaid credit towards HOA dues. A remarkable offering. Room to put your personal touch on it with BUILT IN EQUITY! Great northwest 6th floor view towards downtown! Top level experienced concierge & security. On-site management. Amenities like no other in Austin! (2 pools one heated indoor and one outdoor pool, hot tub, large indoor pool/entertainment area with kitchen facilities & entertaining area, fitness center with squash/basketball indoor court, free weight room, billiard parlor, game room, business office, library, courtyard, immediate access to Town Lake jogging trail). Entire HVAC system replaced in last year. Great location in the complex. 6th floor gives you good view over surrounding buildings & trees, C Building is further from IH35, and the "1" corner is the desired corner facing downtown skyline (not looking at IH35!). Interestingly this unit has almost no common walls. It is virtually stand alone in the structure! Towers of Town Lake recently renovated exterior looks great! Towers of Town Lake is a superior quality prestige community. Very secure. Unit in good liveable condition. but begs for a redo. Lots of living areas downstairs with quality furnishings and decor. Nothing like it in Austin. The original superior "Grande Dame" of downtown Austin condo living! Rental is restricted to 20% of units. No STR.

Neighborhood: Rainey Street District

This property is located in Rainey Street District, Austin, TX. The area is known for Historic Bungalow Bars, Lady Bird Lake Access, Luxury High-Rises, Skyline Views, Vibrant Nightlife.

At $264/sqft, this listing is priced 69% below the Rainey Street District median of $849/sqft.

Property Details

Listing data last updated: March 25, 2026

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