40 N Interstate 35 EXPY, Austin TX 78701

Austin, TX 78701 | Towers Town Lake Condo

$349,900 $240/sqft ▼ $74,600 (17.6%)
2 Beds
2 Baths 2 Full
1,459 Sq Ft
0.0264 Acres
1983 Built
2 Garage

About This Property

GRAB THIS DEAL ! SELLER HAS DONE HIS PART TO MAKE THIS A STANDOUT DEAL FOR BUYERS ! COME GET IT ! Experience downtown Austin living at its best! This upgraded Towers of Town Lake condo combines low-maintenance living, a prime location in the heart of the action, and an exceptional value from a MOTIVATED SELLER.
Incredible opportunity to live steps from Lady Bird Lake, the Hike & Bike Trail, and Rainey Street—all for a price that’s rarely seen in downtown Austin. Unit #2C2 is one of the best values in the city and the SELLER IS MOTIVATED, making this a must-see for buyers looking to enjoy the downtown lifestyle without the typical downtown price tag.
This spacious 2-bedroom, 2-bath condo has been thoughtfully and extensively updated by the current owner with quality and comfort in mind:
• Raised ceilings and ductwork in the main living areas
• Bamboo flooring throughout, marble in the bathrooms
• Granite countertops and custom cabinetry
• Kitchen wall opened to create a bright, modern flow
• LED cove lighting in living, dining, kitchen, and both bedrooms
• All doors and hardware replaced (interior)
• Shoji privacy screens in the living room
• Murphy bed in the second bedroom adds versatility
• Ceiling fans added to living room and bedrooms
• High-end KitchenAid dishwasher and newer dryer
• Fresh paint and clean, modern finishes throughout
Towers of Town Lake is a rare 6-acre gated community downtown and offers a full suite of amenities:
• 24-hour concierge and security
• Indoor and outdoor pools, gym, racquetball court, sauna, and hot tub
• Billiard room, meeting spaces, and on-site management
• Reserved parking and ample guest parking
• Lush landscaping and outdoor gathering areas
This unit is ideal for professionals, students, or anyone seeking a convenient lock-and-leave lifestyle in a walkable location near downtown, UT, and the Capitol complex.
Move-in ready, fully upgraded, and priced to sell!

Features

  • Breakfast Bar
  • Ceiling Fan(s)
  • Granite Counters
  • Electric Dryer Hookup
  • High Speed Internet
  • Murphy Bed
  • Open Floorplan
  • Primary Bedroom on Main
  • Washer Hookup

Location

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Schools

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

Property Details

Property Type Residential
Flooring Bamboo, Tile
Cooling Central Air
Heating Central
Exterior Balcony, Restricted Access
County Travis
MLS # 5979477

Parking

Garage 2 spaces

HOA & Community

HOA Fee $1,075 /Monthly
HOA Includes Common Area Maintenance, Maintenance Grounds, Maintenance Structure, Parking, Security, Trash, Water

Tax Information

Annual Taxes $10,390 (2025)

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This property has HOA fees of $1,075/monthly.

Listing History

MLS# 5979477 - Updated Feb 27, 2026 148 days (1172 CDOM)
Jan 13, 2026 Price Change $349,900
Aug 12, 2025 Listed Listing Courtesy of Urbanspace - Doug@​urbanspacerealtors.com $424,500

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

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

40 N Interstate 35 EXPY, Austin TX 78701 was built in 1983.

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

40 N Interstate 35 EXPY, Austin TX 78701 is listed for sale at $349,900. That is $240 per square foot.

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

40 N Interstate 35 EXPY, Austin TX 78701 has 2 bedrooms and 2 bathrooms (2 full) with 1,459 square feet of living space.

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

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

Yes, 40 N Interstate 35 EXPY, Austin TX 78701 has an HOA fee of $1,075 per monthly. The HOA includes common area maintenance, maintenance grounds, maintenance structure, parking, security, trash, water.

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

The annual property taxes on 40 N Interstate 35 EXPY, Austin TX 78701 are $10,390 (as of 2025).

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

The lot at 40 N Interstate 35 EXPY, Austin TX 78701 is 0.0264 acres, and the home has 1,459 square feet of living space.

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

40 N Interstate 35 EXPY, Austin TX 78701 is a residential property.

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

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

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

40 N Interstate 35 EXPY, Austin TX 78701 is located in the Towers Town Lake Condo subdivision in Austin, TX.

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

40 N Interstate 35 EXPY, Austin TX 78701 was on the market for 148 days, listed on August 12, 2025.

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

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

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