40 N Interstate 35, Austin TX 78701

Austin, TX 78701 | Towers Town Lake Condo

$599,999 $466/sqft ▼ $30,001 (4.8%)
2 Beds
2 Baths 2 Full
1,288 Sq Ft
0.0232 Acres
1983 Built
2 Garage

About This Property

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.

Property Highlights

Waterfront Waterfront
View Downtown

Features

  • See Remarks
  • Bar
  • Breakfast Bar
  • Built-in Features
  • Ceiling Fan(s)
  • High Ceilings
  • Double Vanity
  • Eat-in Kitchen
  • Kitchen Island
  • Open Floorplan
  • Pantry
  • Recessed Lighting
  • Walk-In Closet(s)

Location

Schools

School District Austin ISD
Elementary Mathews
Middle School O Henry
High School Austin

Property Details

Property Type Residential
Construction See Remarks
Roof See Remarks
Foundation Slab
Levels One
Flooring Carpet, Tile
Cooling Central Air
Heating Central
Exterior Balcony
County Travis
MLS # 9122904
Garage 2 spaces
Parking 2 spaces: Assigned
Security 24 Hour Security

Lot, Outdoor & Utilities

Water Public
Sewer Public Sewer
Utilities Electricity Available, Sewer Available, Water Available

HOA & Community

HOA Fee $1,010 /Monthly
HOA Name Towers of Town Lake Condominiums
HOA Includes See Remarks, Common Area Maintenance
Community Features Common Grounds, Concierge, Controlled Access, Fitness Center, Garage Parking, Gated, Lock and Leave, Lounge, Pool, Racquetball, Sauna

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* Estimate only. Does not include HOA fees, PMI, or other costs.
This property has HOA fees of $1,010/monthly.

Tax Information

Annual Taxes (MLS) $6,982 (2026)
Assessed Value $341,176
Exemptions None

Sale Terms & Disclosures

Financing Accepted Cash, Conventional, FHA, VA Loan
Sale Type Standard
Possession Close Of Escrow, Funding
Disclosures Seller Disclosure

Listing History

MLS# 9122904 - Updated Nov 10, 2026 22 days
Nov 4, 2026 Price Change $599,999
Sep 30, 2026 Listed Listing Courtesy of Compass RE Texas, LLC - mike@​landyfrostgroup.com $630,000

Frequently Asked Questions About 40 N Interstate 35, Austin TX 78701

When was 40 N Interstate 35, Austin TX 78701 built?

40 N Interstate 35, Austin TX 78701 was built in 1983. It is see remarks construction with 1,288 square feet on a 0.0232 acre lot.

How much does 40 N Interstate 35, Austin TX 78701 cost?

40 N Interstate 35, Austin TX 78701 is listed for sale at $599,999. That is $466 per square foot.

How many bedrooms and bathrooms does 40 N Interstate 35, Austin TX 78701 have?

40 N Interstate 35, Austin TX 78701 has 2 bedrooms and 2 bathrooms (2 full) with 1,288 square feet of living space.

What school district is 40 N Interstate 35, Austin TX 78701 in?

40 N Interstate 35, Austin TX 78701 is in the Austin ISD school district. Assigned schools include Mathews (elementary), O Henry (middle), Austin (high school).

Does 40 N Interstate 35, Austin TX 78701 have an HOA?

Yes, 40 N Interstate 35, Austin TX 78701 has an HOA fee of $1,010 per monthly. The HOA includes see remarks, common area maintenance.

What are the property taxes on 40 N Interstate 35, Austin TX 78701?

The annual property taxes on 40 N Interstate 35, Austin TX 78701 are $6,982 (as of 2026). The tax assessed value is $341,176.

How big is the lot at 40 N Interstate 35, Austin TX 78701?

The lot at 40 N Interstate 35, Austin TX 78701 is 0.0232 acres, and the home has 1,288 square feet of living space.

What type of property is 40 N Interstate 35, Austin TX 78701?

40 N Interstate 35, Austin TX 78701 is a residential property on a slab foundation.

Does 40 N Interstate 35, Austin TX 78701 have a garage?

Yes, 40 N Interstate 35, Austin TX 78701 has a 2-car garage. Parking features include assigned.

Is 40 N Interstate 35, Austin TX 78701 waterfront?

Yes, 40 N Interstate 35, Austin TX 78701 is a waterfront property. Waterfront features include waterfront.

What subdivision is 40 N Interstate 35, Austin TX 78701 in?

40 N Interstate 35, Austin TX 78701 is located in the Towers Town Lake Condo subdivision in Austin, TX. Community features include common grounds, concierge, controlled access, fitness center, garage parking, gated, lock and leave, lounge, pool, racquetball, sauna.

How long was 40 N Interstate 35, Austin TX 78701 on the market?

40 N Interstate 35, Austin TX 78701 was on the market for 22 days, listed on September 30, 2026.

What heating and cooling does 40 N Interstate 35, Austin TX 78701 have?

40 N Interstate 35, Austin TX 78701 has central heating and central air cooling.

What are the roof and foundation at 40 N Interstate 35, Austin TX 78701?

The listing reports a slab foundation at 40 N Interstate 35, Austin TX 78701.

What financing does the seller of 40 N Interstate 35, Austin TX 78701 accept?

The listing says the seller accepts cash, conventional, fha, va loan financing.

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