40 N Interstate 35, Austin TX 78701

Austin, TX 78701 | Towers Town Lake Condo

Ed's Opinion of Value

$380,307 Ed's Estimate: $862,643 $2,495,000
Lowest Comp Recommended List: $845,000 to $880,000 Highest Comp

Listing History

$999,000 List Price
$856,961 Comp Value
1 Price Reductions

This property was listed at $999,000 and withdrawn after 146 days on market. The price was reduced from $1,099,000 to $999,000. This listing activity factors into the valuation.

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $862,643. To generate strong buyer interest while maximizing value, I'd price this between $845,000 and $880,000. With 7 comparable homes on the market in TOWERS TOWN LAKE CONDO, this price positions the property as the most affordable of 7 comparable homes on the market. At 720 sqft larger than the typical comp, the size difference factors into the valuation. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group
2 Beds
3 Baths 2 Full, 1 Half
2,651 Sq Ft
0.0476 Acres
1983 Built
2 Garage

About This Property

Rare opportunity to own a top floor penthouse at one of the city's most desirable complexes! Seller Financing Available! This unit was built for the designer of the entire complex to his specifications and has only sold one time since. With a huge living area open to the dining area and kitchen, the open concept of this unit is incredibly hard to find among Downtown condos. The living area has a balcony overlooking the city with views of Rainey St and Town Lake. Walk to town lake and Rainey street in minutes from this incredibly convenient location. Both bedrooms in this unit have large full baths attached to them and the Foyer in between them has a tastefully decorated half bath and double doors to each of the suites. In the primary suite you will find another balcony with a clear and peaceful view of Town Lake. There is also a bathtub in the room with a large window to appreciate the natural light that the top floor provides. Large walk in closets, counters and bathrooms in this unit create an incredible ambience of spaciousness. The Towers of Town Lake has been one of the city's premier complexes for a long time, with its gated 24-hour access, easy access from I-35 and close proximity to Rainey St. District and Town Lake. The community features a well equipped fitness center, racquetball court, indoor pool, outdoor pool, concierge service, business center, and much more. All of the high grade furniture can convey with a full priced offer, making your move as easy as possible. There are not many opportunities to secure a top floor penthouse, do not miss out on yours!

Features

  • 2 Primary Suites
  • Bar
  • Bidet
  • Built-in Features
  • Ceiling Fan(s)
  • High Ceilings
  • French Doors
  • Kitchen Island
  • Open Floorplan
  • Pantry
  • Primary Bedroom on Main
  • Walk-In Closet(s)
  • Washer Hookup

Location

Schools

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

Property Details

Property Type Residential
Flooring Carpet, Tile, Wood
Cooling Central Air
Heating Central
Exterior Balcony
County Travis
MLS # 4500041

Parking

Garage 2 spaces

HOA & Community

HOA Fee $1,768 /Annually
HOA Includes Common Area Maintenance

Tax Information

Annual Taxes $21,372 (2023)

Listing History

MLS# 4500041 146 days (354 CDOM)
Jun 3, 2025 Off Market
May 5, 2025 Price Change $999,000
Jan 8, 2025 Listed $1,099,000

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 off market.

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