What do condos at Towers of Town Lake sell for?

Towers of Town Lake is a condominium property at 40 North IH-35 in Austin's 78701 ZIP code. MLS records list the building's year built as 1983. Over the last 12 months, 10 units sold there, and the median unit that sold had 1,459 square feet. 7 units are listed for sale right now, with a median asking price of $499,000. It is close to the Rainey Street district, the Lady Bird Lake trail and East Austin.

Condos at Towers of Town Lake sold for a median of $450,000 over the last 12 months, across 10 sales. By size, over the last 12 months, two-bedroom units sold for a median of $400,000 across 7 sales, three-bedroom units sold for a median of $832,000 across 3 sales. The median asking price for the 7 units for sale today is $499,000. Because size, floor plan and view vary so much inside one building, compare a unit against recent sales of the same bedroom count rather than the building median.

Towers of Town Lake has about 8.4 months of supply as of September 2026, which is a market that leans toward buyers. Over the last 12 months, 30% of units that sold had cut their price, and the median unit closed at 95.6% of its original list price. Units priced in line with recent sales still move within the 185-day median, so your room to negotiate depends on how the specific unit was priced and how long it has been listed.

Over the last 12 months, condos at Towers of Town Lake sold for a median of $450,000, or $307 per square foot, across 10 sales. At Milago, the median over its last 24 months was $499,100, or $489 per square foot, across 20 sales. Price per square foot is the fairer comparison, because the two buildings sell different mixes of unit sizes. Ask us for a side-by-side of specific units and we will pull the matching sales from each building.

Start with a lender who regularly finances Austin condos, because condo loans depend on the building as well as on you, and some buildings need extra review. Then set up a saved search inside the Towers of Town Lake boundary so new listings reach you the day they list. Before you commit, read the HOA budget, reserves, rules and any pending assessments in the resale certificate, and ask us for the current HOA dues. The median unit here went under contract in 185 days over the last 12 months.

Pricing above the other units for sale. Over the last 12 months, 30% of units that sold at Towers of Town Lake had cut their price at least once, and the median unit closed at 95.6% of its original list price. Buyers here compare your unit against every similar unit listed in the same building that week. A unit launched in line with recent sales of the same size and layout sells faster and usually nets more than one that sits and cuts.

The median sale at Towers of Town Lake over the last 12 months worked out to $307 per square foot, compared with $334 over the prior 12 months. The median unit that sold had 1,459 square feet and sold for $450,000. Price per square foot is the quickest way to compare units of different sizes inside the building, but views, floor level, parking and finish level move it up or down, so use it as a starting point, not a final price.

The median condo at Towers of Town Lake took 185 days to go under contract over the last 12 months, counted on cumulative days on market so relisted units are not reset. Over the prior 12 months the median was 93 days. Add roughly 30 to 45 days from contract to closing, and allow time for the HOA to issue its resale certificate. A unit priced in line with recent sales on launch day usually beats the median; one that needs a price cut usually takes longer.

Towers of Town Lake is in the 78701 ZIP code. It is close to the Rainey Street district, the Lady Bird Lake trail and East Austin. ZIP-level statistics blend many buildings and home types, so the figures on this page are calculated only from sales inside the Towers of Town Lake boundary. For the wider picture, see our Downtown Austin neighborhood page and our Austin market insights report. If you are weighing several buildings in 78701, ask us for a side-by-side.

Request a home value from us and we will price your unit against the Towers of Town Lake sales that actually match it: same bedroom count, similar size and similar position in the building, from the last 12 months of ACTRIS MLS closings. For context, the median sale here was $450,000 across 10 sales, and the median unit closed at 95.6% of its original list price. An online estimate cannot see view, floor or finish level, which drive most of the spread between units.