$630,000
2 bd · 2 ba · 1,288 sqft
40 N Interstate 35 #2C1, Austin, TX 78701
40 N Interstate 35 #2C1, Austin, TX 78701 is a 2-bedroom, 2-bathroom condominium listed at $630,000 ($489/sqft). 1,288 sqft. Built in 1983. Located in Rainey Street District, Austin TX. Priced 36% below the Rainey Street District median of $761/sqft. MLS #9122904. Listed by Compass RE Texas, LLC.
Property Overview
This downtown Austin condominium at 40 N Interstate 35 in the Rainey Street District presents an exceptional value proposition at 35% below the area median price per square foot. The two-bedroom, two-bathroom residence spans 1,288 square feet within The Towers of Town Lake, a high-rise community offering the ultimate lock-and-leave lifestyle steps from Rainey Street's historic bungalow bars and Lady Bird Lake access. Floor-to-ceiling windows frame downtown skyline views and flood the open floor plan with natural light, while sophisticated finishes define every space.
The chef's kitchen anchors the living experience with a center island, premium built-in appliances including Wolf cooktop and Thermador refrigerator, and a connected bar area with wine refrigerator perfect for entertaining. Walk-in closets, double vanities, and thoughtfully designed built-ins maximize functionality throughout. A generous covered balcony extends the square footage and captures panoramic views of downtown Austin.
The Towers of Town Lake delivers comprehensive amenities including 24-hour security, concierge service, fitness center, pool, sauna, and direct trail access to Lady Bird Lake. Two assigned parking spaces eliminate downtown parking hassles, while the $1,010 monthly HOA fee covers common area maintenance and building services.
Vox Real Estate Insight
This property represents smart positioning for buyers seeking downtown Austin convenience without the premium pricing typical of the skyline view market, and Vox Real Estate recognizes its appeal to professionals who value both the vibrant Rainey Street District energy and the flexibility of a true lock-and-leave arrangement. At only 14 days on market, this unit demonstrates strong buyer interest in the Towers of Town Lake community's rare combination of location, amenities, and value.
Agent 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.
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 $489/sqft, this listing is priced 36% below the Rainey Street District median of $761/sqft.
Property Details
| Property Type | Condominium |
| Year Built | 1983 |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Living Area | 1,288 sqft |
| Lot Size | 1,011 sqft |
| Price / Sqft | $489 |
| Stories | One |
| Condition | Resale |
| Unit Style | High Rise (8-13 Stories) |
| Subdivision | Towers Town Lake Condo Amd |
| County | Travis |
| MLS Area | DT |
| Listed | Sep 30, 2026 |
| MLS # | 9122904 |
| Listed By | Compass RE Texas, LLC |
| Contact | (512) 669-3897 |
Interior
| Flooring | Carpet, Tile |
| Appliances | Built-In Oven(s), Built-In Refrigerator, Cooktop, Dishwasher, Microwave, Stainless Steel Appliance(s), Wine Refrigerator |
| Interior Features | Bar, Breakfast Bar, Built-in Features, Ceiling Fan(s), Ceiling-High, Double Vanity, Eat-in Kitchen, Kitchen Island, Open Floorplan, Pantry, Recessed Lighting, Walk-In Closet(s) |
| Laundry | Laundry Closet |
| Main-Level Bedrooms | 2 |
| Living Areas | 1 |
| Dining Areas | 1 |
Systems & Utilities
| Cooling | Central Air |
| Heating | Central |
| Utilities | Electricity Available, Sewer Available, Water Available |
| Water Source | Public |
| Sewer | Public Sewer |
Exterior & Lot
| Foundation | Slab |
| Exterior Features | Balcony |
| Waterfront | Yes |
| View | Downtown |
| Faces | North |
Parking
| Parking Spaces | 2 |
| Garage Spaces | 2 |
| Covered Spaces | 2 |
| Parking Features | Assigned |
Community & HOA
| HOA | Yes |
| HOA Name | Towers of Town Lake Condominiums |
| HOA Fee | $1,010 / Monthly |
| Fee Includes | Common Area Maintenance |
| Community Features | Common Grounds, Concierge, Controlled Access, Fitness Center, Garage Parking, Gated, Lock and Leave, Lounge, Pool, Racquetball, Sauna, Trail(s) |
| Security | 24 Hour Security |
Assigned Schools
| Elementary | Mathews |
| Middle | O Henry |
| High | Austin |
| District | Austin ISD |
Taxes & Legal
| Tax Year | 2026 |
| Annual Tax | $6,982 |
| Assessed Value | $341,176 |
| Parcel # | 02010402160020 |
| Legal Description | UNT 2C1 BLD D TOWERS OF TOWN LAKE CONDOMINIUMS AMENDED PLUS .438% INT IN COMMON AREA |
| FEMA Flood Plain | No |
| In ETJ | No |
| Disclosures | Seller Disclosure |
| Listing Conditions | Standard |
Listing data last updated:
Frequently Asked Questions
What is the listing price of 40 N Interstate 35 #2C1, Austin, TX 78701?
This property is listed at $630,000, which is $489 per square foot. That is 36% below the Rainey Street District area median of $761/sqft.
How many bedrooms and bathrooms does 40 N Interstate 35 #2C1, Austin, TX 78701 have?
This home has 2 bedrooms and 2 bathrooms, with 1,288 square feet of living space.
When was 40 N Interstate 35 #2C1, Austin, TX 78701 built?
This property was built in 1983, making it 43 years old.
What neighborhood is 40 N Interstate 35 #2C1, Austin, TX 78701 in?
This property is in Rainey Street District, Austin, TX. The area is known for historic bungalow bars, lady bird lake access, luxury high-rises.
How long has 40 N Interstate 35 #2C1, Austin, TX 78701 been on the market?
This listing has been on the market for 14 days.
What type of property is 40 N Interstate 35 #2C1, Austin, TX 78701?
This is a Condominium on a 1,010.59 sqft lot.