40 N Interstate 35, Austin TX 78701

Austin, TX 78701 | Towers Town Lake Condo

$420,000 $274/sqft ▼ $90,000 (17.6%)
2 Beds
2 Baths 2 Full
1,533 Sq Ft
0.0275 Acres
1983 Built
2 Garage

About This Property

Located in a premier location with convenient access to downtown and Rainey Street, this 2-bedroom, 2-bathroom condo offers a turnkey lifestyle in the heart of Austin. Bamboo floors run throughout the open living room with a wall of sliding glass doors that lead to a spacious balcony, allowing plenty of natural light to enter the residence. The kitchen boasts stainless-steel appliances and ample cabinetry for storage. The primary bedroom features a walk-in closet and an en-suite bathroom with dual sinks, a water closet, and a built-in linen closet. The unit also has in-unit laundry. One of the first condo buildings in Austin, Towers of Town Lake is home to highly sought after amenities including 24-hour concierge service, a fitness center with a basketball court, a sauna, resort-style indoor and outdoor pools, a billiards room, well-maintained common areas, and a conference room. Easily explore the Hike-and-Bike Trail and enjoy the exceptional sights, restaurants, and entertainment both downtown and in East Austin. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.

Property Highlights

Pool See Remarks, Indoor, Outdoor Pool, Waterfall

Features

  • Breakfast Bar
  • Ceiling Fan(s)
  • Double Vanity
  • Primary Bedroom on Main
  • Recessed Lighting

Location

Schools

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

Property Details

Property Type Residential
Flooring Bamboo, Tile, Wood
Cooling Ceiling Fan(s), Central Air
Heating Central
Exterior Balcony, Dog Run
County Travis
MLS # 1117705

Parking

Garage 2 spaces

HOA & Community

HOA Fee $1,200 /Monthly
HOA Includes See Remarks, Electricity

Tax Information

Annual Taxes $11,144 (2025)

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* Estimate only. Does not include HOA fees, PMI, or other costs.
This property has HOA fees of $1,200/monthly.

Listing History

MLS# 8427407 - Updated Apr 2, 2026 205 days (208 CDOM)
Feb 27, 2026 Pending
Jan 22, 2026 Price Change $2,550
Oct 3, 2025 Listed $510,000

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.

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

40 N Interstate 35, Austin TX 78701 is currently under contract with a list price of $420,000.

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 1,533 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 $1,200 per monthly. The HOA includes see remarks, electricity.

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 $11,144 (as of 2025).

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

The lot at 40 N Interstate 35, Austin TX 78701 is 0.0275 acres, and the home has 1,533 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.

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

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

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

Yes, 40 N Interstate 35, Austin TX 78701 has a pool. Pool features include see remarks, indoor, outdoor pool, waterfall.

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.

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 205 days, listed on October 3, 2025.

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

40 N Interstate 35, Austin TX 78701 has central heating and ceiling fan(s), central air cooling.

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