ActiveResidential · sale

1 TOWERS PARK LN

San Antonio, TX 78209

$82,500

  • 2 beds
  • 2 baths
  • 1,034 sq ft
  • Built 1988

Listed by LPT Realty, LLC · MLS #1991980

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1 TOWERS PARK LN, San Antonio, TX 78209 · MLS #1991980

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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1988.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

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Motivated seller, all offers WILL be considered. Per the owner: "Taxes are very low when a Homestead and Over 65 exemption are both filed." Sellers taxes are approximately $100/year. Unit 701 at The Towers on Park Lane is a Floor Plan D residence offering 1,034 sq. ft. of thoughtfully designed living space in South Texas's only resident-governed cooperative high-rise. On the 7th floor of this iconic 24-story tower in the heart of Alamo Heights, this 2-bedroom, 2-bath home delivers a true lock-and-leave lifestyle. The kitchen is move-in ready with a brand new dishwasher and stove, plus a refrigerator that's just a year old. The cooperative model means you're not only buying a home, you're joining a community. Residents own shares and elect their own Board of Directors, creating accountability, stability, and genuine neighborly investment you won't find anywhere else in South Texas. The monthly fee covers an extraordinary range of services: bi-weekly housekeeping, bundled cable (including HBO & Showtime) and high-speed Wi-Fi, pest control, A/C filter service, water, trash, sewage, and 24-hour resident safety officers. Daily valet and concierge service plus gated covered parking are included. Step off the elevator into a lifestyle residents describe as "a cruise ship on land." Two on-site dining venues, a white-tablecloth restaurant and a casual bistro/deli, serve chef-prepared meals daily, with room service available. The 22nd-floor Club 22 lounge offers a full bar and sweeping San Antonio skyline views. Stay active in Club Fitness with a certified specialist, group classes including yoga and aqua aerobics, and a 24-hour heated indoor pool and spa. Outside, the property backs to Bel Meade Park with 4.5 acres of walking trails, patios, and gardening beds. Socially, The Towers is unmatched, with 100+ resident-led clubs and interest groups. A community shuttle provides transportation to San Antonio shops, cultural venues, theatres, museums, Hill Country wine country, and outings to Joint Base Ft. Sam Houston. Additional amenities include a library, card room, woodworking shop, business center, EV charging stations, and guest suites for overnight visitors. The residents here are active, accomplished adults 55+ who made this move while still fully engaged. The result is an environment that feels vibrant, intentional, and exceptionally alive. Unit 701 is your entry point into that life. Schedule your private showing today! Quick-Reference Highlights Floor Plan D | 2 Bed / 2 Bath | 1,034 Sq. Ft. | 7th Floor South Texas's only resident-governed cooperative community 24-story high-rise built 1988 | Alamo Heights | 78209 Brand new dishwasher & stove | Refrigerator one year old Monthly fee includes: housekeeping, dining credits, valet, cable/Wi-Fi, water, trash, sewage, pest control, safety officers, covered parking Fine dining restaurant + casual bistro/deli | Room service Club 22 sky lounge with skyline views 24-hour heated indoor pool, spa & Club Fitness center 100+ clubs & interest groups | Shuttle transportation Direct access to Bel Meade Park (4.5 acres) EV charging stations | Guest suites available

THE NEIGHBORHOOD

Explore the location.

1 TOWERS PARK LN, San Antonio, TX 78209

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LOCAL MARKET CONTEXT

Bexar County housing market

See the broader conditions surrounding this property through ERA Brokers Consolidated research.

12-month price trend$289,488Down 1.0% vs. the previous 12 months
Months of supply5.712-month average
Days on market8512-month weighted average

These figures describe the broader reporting area and do not determine this property’s value, condition, availability, or likely sale price.

THE DETAILS

The details, all in one place.

Property type
Condominium/Townhome
Category
Residential
Year built
1988
Full baths
2
Half baths
0
Cooling
One Central
Heating
Central
Flooring
Carpeting, Ceramic Tile, Vinyl
Exterior
Brick, 4 Sides Masonry
Subdivision
The Towers at Park Lane
Parcel
091311007011
HOA
SOMERSET
Elementary school
Hawthorne
High school
Edison
Annual property tax
$2,173.20
HOA fee
$2,379.99

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase$64.13
Estimated monthly rent$343.75
Cap rate1.18%

Annual operating income: $975.80

HOA: The listing source reports a $2,379.99 HOA fee, but not a usable payment frequency. HOA costs are not included in this estimate. Choose a monthly amount under Adjust assumptions.

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Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

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  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
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Listing information

MLS #1991980 · San Antonio Board of Realtors

Listing brokerage: LPT Realty, LLC
Listing agent: Jonathan Morris

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.