40 N Interstate Hwy 35, Austin TX 78701

Austin, TX 78701 | Towers Town Lake Condo

Ed's Opinion of Value

$349,900 Ed's Estimate: $615,147 $615,147
Lowest Comp Recommended List: $323,000 to $333,000 Highest Comp
The market data from 7 similar recent sales in TOWERS TOWN LAKE CONDO points to a value of approximately $615,147. To sell within a reasonable timeframe at fair market value, the $323,000 to $333,000 range is where I'd position this. Against 7 similar active listings in TOWERS TOWN LAKE CONDO, this price point lands at the 0th most expensive of 7 comparable homes on the market. The 1983 construction puts this home 6 years older than the comp average, a factor in the pricing. With 7 similar homes currently listed in TOWERS TOWN LAKE CONDO (a buyer's market), competition is a factor to consider. In 78701, home values have fallen approximately 13.3% over the past 6 months. One of the strongest data points is 40 N Interstate Hwy 35, Austin TX 78701, adjusting to $404,012; a strong comparable. 7 comparable transactions in TOWERS TOWN LAKE CONDO support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group
2 Beds
2 Baths 2 Full
1,360 Sq Ft
0.024 Acres
1983 Built
2 Garage

About This Property

*** ~$24K PRICE IMPROVEMENT includes: $12K List Price Reduction PLUS a 12-Month HOA CREDIT AT CLOSING (~$12K) *** Steps from Rainey Street, Minutes from Everything. Perfect blend of modern living and serene retreat at this beautifully updated and maintained condo in the coveted Towers of Town Lake. Nestled in Austin’s vibrant Rainey Street District, this 2-bedroom, 2-bathroom home offers 1,360 square feet of thoughtfully designed space with premium amenities. Inside, you’ll find an updated kitchen with sleek cabinetry, a central island, and gorgeous hardwood floors that flow throughout the space. The bathrooms have been upgraded with modern mirrors and elegant finishes, while the spacious bedrooms feature walk-in closets for ample storage. Sunlit living areas, framed by floor-to-ceiling windows, open onto a private balcony with lush garden views and a glimpse of the community’s outdoor pool. Residents enjoy exclusive access to a wealth of amenities, including 24-hour concierge service, indoor and outdoor pools, a fitness center, sauna, Jacuzzi, racquetball court, library, and conference room—all within a limited-access, gated community. Located just steps from the Lady Bird Lake Hike & Bike Trail, Rainey Street’s buzzing nightlife, and East Austin’s vibrant dining and entertainment, this condo offers the best of both worlds: tranquility and urban excitement!

Features

  • Breakfast Bar
  • Stone Counters
  • No Interior Steps
  • Primary Bedroom on Main
  • Recessed Lighting
  • Walk-In Closet(s)

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 Tile, Wood
Cooling Central Air
Heating Central
Exterior Balcony
County Travis
MLS # 8044371

Parking

Garage 2 spaces

HOA & Community

HOA Fee $1,002 /Monthly
HOA Includes Common Area Maintenance, Insurance, Maintenance Structure, Trash, See Remarks

Tax Information

Annual Taxes $9,010 (2024)

Listing History

MLS# 8044371 - Updated Mar 12, 2026 93 days
Jun 13, 2025 Off Market
Apr 11, 2025 Price Change $550,000
Feb 13, 2025 Listed $562,000

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

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

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

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

40 N Interstate Hwy 35, Austin TX 78701 sold on June 13, 2025. Contact us for sale price details.

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