Property Overview

This downtown Austin condominium at 40 Interstate 35 EXPY sits steps away from Lady Bird Lake and the vibrant Rainey Street District, offering immediate access to the neighborhood's historic bungalow bars, hike and bike trails, and skyline views. Priced at $349,900—72 percent below the area median price per square foot—this represents an exceptional value for anyone seeking downtown living without the premium price tag. The Towers of Town Lake building places residents in the heart of Austin's most dynamic urban neighborhood, surrounded by luxury high-rises and the pulse of the city's nightlife.

Unit #2C2 showcases thoughtful upgrades throughout its 1,459 square feet. Raised ceilings with exposed ductwork and bamboo flooring create an open, contemporary feel in the main living areas, while marble accents, granite countertops, and custom cabinetry reflect quality finishes. The kitchen opens to the adjacent living space, enhancing the sense of flow and light. Both bedrooms, dual full bathrooms, and low-maintenance condo living make this a practical choice for professionals and buyers seeking convenient urban lifestyle without renovation demands.

A motivated seller and genuine value convergence make this Rainey Street property compelling for buyers ready to embrace downtown Austin living.

Agent Description

GRAB THIS DEAL ! SELLER HAS DONE HIS PART TO MAKE THIS A STANDOUT DEAL FOR BUYERS ! COME GET IT ! Experience downtown Austin living at its best! This upgraded Towers of Town Lake condo combines low-maintenance living, a prime location in the heart of the action, and an exceptional value from a MOTIVATED SELLER. Incredible opportunity to live steps from Lady Bird Lake, the Hike & Bike Trail, and Rainey Street—all for a price that’s rarely seen in downtown Austin. Unit #2C2 is one of the best values in the city and the SELLER IS MOTIVATED, making this a must-see for buyers looking to enjoy the downtown lifestyle without the typical downtown price tag. This spacious 2-bedroom, 2-bath condo has been thoughtfully and extensively updated by the current owner with quality and comfort in mind: • Raised ceilings and ductwork in the main living areas • Bamboo flooring throughout, marble in the bathrooms • Granite countertops and custom cabinetry • Kitchen wall opened to create a bright, modern flow • LED cove lighting in living, dining, kitchen, and both bedrooms • All doors and hardware replaced (interior) • Shoji privacy screens in the living room • Murphy bed in the second bedroom adds versatility • Ceiling fans added to living room and bedrooms • High-end KitchenAid dishwasher and newer dryer • Fresh paint and clean, modern finishes throughout Towers of Town Lake is a rare 6-acre gated community downtown and offers a full suite of amenities: • 24-hour concierge and security • Indoor and outdoor pools, gym, racquetball court, sauna, and hot tub • Billiard room, meeting spaces, and on-site management • Reserved parking and ample guest parking • Lush landscaping and outdoor gathering areas This unit is ideal for professionals, students, or anyone seeking a convenient lock-and-leave lifestyle in a walkable location near downtown, UT, and the Capitol complex. Move-in ready, fully upgraded, and priced to sell!

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 $240/sqft, this listing is priced 72% below the Rainey Street District median of $849/sqft.

Property Details

Listing data last updated: March 25, 2026

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