The Towers of Town Lake
40 N IH 35, Austin, TX 78701
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About The Towers of Town Lake
The Towers of Town Lake is a well-established condominium community consisting of two 13-story towers connected by a shared amenity deck, overlooking Lady Bird Lake from the east side of downtown. The buildings offer spacious floor plans with high ceilings and many units feature stunning unobstructed lake views. As one of downtown Austin's earlier luxury condo developments, it benefits from mature landscaping and a loyal, tight-knit community.
Amenities
Neighborhood
Situated on the shores of Lady Bird Lake at the eastern edge of downtown, The Towers of Town Lake provide immediate access to the Ann and Roy Butler Hike-and-Bike Trail. The growing East Riverside and East Cesar Chavez neighborhoods are nearby, offering an expanding array of restaurants, coffee shops, and cultural venues. The Waller Creek trail extension has further improved the area's walkability and connectivity to downtown.
Learn more about the Rainey Street District →Quick Facts
Floor Plans
The Towers of Town Lake Floor Plans
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Request Floor PlansWhat the numbers show at The Towers of Town Lake, based on closed sales.
At The Towers of Town Lake, closed condo sales over the trailing 12 months ran a median of $293/SF, with HOA dues around $0.74/SF. 10 sales closed in that span, and 7 units are listed for sale now (2 pending). The median unit sold in about 72 days. That works out to roughly 8.4 months of supply — a balanced market.
Median $/SF
$293
HOA $/SF
$0.74
Closed
10
Active now
7
Median Days on Market
72 days
Months Supply
8.4
Balanced market
These are the headline numbers. The real story is in the details: which floors and views move the price, the finishes, and how a specific unit stacks up. Let's dig in together.
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As Seen In Field Notes
- Downtown Austin Condo Market Report: June 2026Read →
Downtown recorded 29 condo closings in June. Pricing on the rolling 12-month line is still soft, down 4.2% from a year ago.
- Downtown Austin Condo Market Report: May 2026Read →
Downtown recorded 21 condo closings in May. Pricing on the rolling 12-month line is still soft, down 7.0% from a year ago.
- Downtown Austin Condo Market Report: April 2026Read →
Downtown condo prices kept softening in April, but buyers showed up. 29 closings is up 70% year-over-year. After more than a year of sellers pricing where they wished the market was, April looks like the month buyers and sellers finally met in the middle.
- Downtown Austin Condo Market Report: March 2026Read →
As of March 2026, buyer activity is picking up with pending contracts up 88.9% year-over-year. Closings remained consistent with the broader pricing trend.
- Downtown Austin Condo Market Report: February 2026Read →
As of February 2026, buyer activity is picking up with pending contracts up 68.4% year-over-year. Recent closings came in above the rolling 12-month trend, suggesting the longer downtrend may be losing momentum.
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