Downtown Austin

40 N Interstate 35 #3D3

$615,000

● Condo - Off Market

40 N Interstate 35 #3D3

Austin, TX 78701

2 Beds

2 Baths

1,533 Ft²

$5,065

Est. Monthly

$939

HOA / Fees

4.36%

Cap Rate

About This Property

Now is a great time to buy at The Towers of Town Lake. Great investment opportunity. Buyers can take advantage of the previous assessments (Over $6.7M ) for upgrades that are now in place. - Recent upgrades include - Major Exterior building renovation, adding a Contemporary Refresh & Modernized Appearance - in addition - Extensive Parking Facility and Landscaping Enhancements have been completed. The heavy lifting has been done at the Towers. This property is only steps away but not in the middle of the up and coming Rainey district with fine restaurants like "Bacalar", fun bars, hot spots, and a vibrant community. Excellent proximity to the Lady Bird Lake & Butler Hike and Bike Trail. This spacious 2Bd/2Bth unit has been meticulously maintained; clean and crisp. New wood floors in both bedrooms. Large kitchen with ample storage. Washer/Dryer w/ storage area. Additional storage in entry way. Building amenities include: heated indoor pool with hot tub, heated outdoor pool, weight room, cardio-fitness room, sauna room, indoor racketball / basketball court, billiards room, piano room, library room, conference room, 24-hour concierge and security. Please contact listing agent with any questions.

Unit Size

1,533 Ft²

Days on Market

Land Size

0.03 acres

Price per sqft

$401

Property Type

Condo

Property Taxes

$1,106

HOA Dues

$939

Year Built

1983

Payment Calculator

Cap Rate Calculator

Last updated: 3 years ago (Unlock MLS #ACT1578201)

Price History

Date / Event	Date	Event
Feb 28, 2026	In contract	-
In contract
Jan 23, 2026	Price Decreased	$420,000 ↓ $10K (2.3%)
Price Decreased
Dec 30, 2025	Price Decreased	$430,000 ↓ $17K (3.8%)
Price Decreased
Dec 16, 2025	Price Decreased	$447,000 ↓ $13K (2.8%)
Price Decreased
Oct 1, 2025	Price Decreased	$460,000 ↓ $15K (3.2%)
Price Decreased
Sep 10, 2025	Price Decreased	$475,000 ↓ $24K (4.8%)
Price Decreased
Aug 23, 2025	Price Decreased	$499,000 ↓ $11K (2.2%)
Price Decreased
Aug 5, 2025	Listed by Moreland Properties	$510,000
Listed by Moreland Properties

	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.
Jul 19, 2025	Price Decreased	$489,900 ↓ $30K (5.8%)
Price Decreased
Jul 4, 2025	Price Decreased	$519,900 ↓ $20K (3.7%)
Price Decreased
Jun 25, 2025	Listed	$539,900
Listed

	A spacious 2-bedroom, 2-bath condo located in the heart of downtown Austin. This livable unit offers strong bones, a nfunctional layout, and prime location within a secure, amenity-rich community - Ideal for investors or buyers looking to personalize and add value. Enjoy access to resort-style amenities including a pool, fitness center, 24-hour security, and gated parking. Just minutes from Lady Bird Lake, Rainey Street, and everything downtown Austin has to offer, this unit delivers on location and potential. Whether you're looking for a downtown residence, long-term investment, or renovation opportunity, this is a rare find. Schedule your private showing today!
May 23, 2025	Withdrawn	-
Withdrawn
May 19, 2025	Listed by Joseph Walter Realty, LLC	$539,900
Listed by Joseph Walter Realty, LLC

	A spacious 2-bedroom, 2-bath condo located in the heart of downtown Austin. This livable unit offers strong bones, a functional layout, and prime location within a secure, amenity-rich community - Ideal for investors or buyers looking to personalize and add value. Enjoy access to resort-style amenities including a pool, fitness center, 24-hour security, and gated parking. Just minutes from Lady Bird Lake, Rainey Street, and everything downtown Austin has to offer, this unit delivers on location and potential. Whether you're looking for a downtown residence, long-term investment, or renovation opportunity, this is a rare find. Schedule your private showing today!
Feb 12, 2024	Withdrawn	-
Withdrawn
Oct 6, 2023	Listed by Urbanspace	$615,000
Listed by Urbanspace
Nov 15, 2020	No longer available	-
No longer available
Oct 23, 2020	Price Decreased	$475,000 ↓ $20K (4%)
Price Decreased
Aug 30, 2020	Price Decreased	$495,000 ↓ $10K (2%)
Price Decreased
Aug 15, 2020	Price Decreased	$505,000 ↓ $10K (1.9%)
Price Decreased
Jul 11, 2020	Price Decreased	$515,000 ↓ $30K (5.5%)
Price Decreased
Jul 3, 2020	Price Decreased	$545,000 ↓ $10K (1.8%)
Price Decreased
Jun 23, 2020	Price Decreased	$555,000 ↓ $5K (0.9%)
Price Decreased
Jun 6, 2020	Price Decreased	$560,000 ↓ $5K (0.9%)
Price Decreased
May 5, 2020	Listed by Keller Williams - Austin SW	$565,000
Listed by Keller Williams - Austin SW

	Walk to Lady Bird Lake and walk to vibrant Rainey Street. An updated kitchen, hardwood floors, new carpet, stone countertops, stainless steel appliances and Samsung washer and dryer. Residents enjoy over 5 acres of lush lawns, amenities such as a conference room, library, fitness center, racquetball court, and heated indoor/outdoor pool and 24-hour concierge service. Light open space, big kitchen w/ designer cabinets, travertine tile. Updated bamboo flooring, you must hear the sound of the pool waterfall!Restrictions: Yes Sprinkler Sys:Yes The manager has listed the unit size as 1533 square feet.
Jun 16, 2019	No longer available	-
No longer available
May 17, 2019	Price Decreased	$515,000 ↓ $20K (3.7%)
Price Decreased
Apr 16, 2019	Listed by Keller Williams - Austin SW	$535,000
Listed by Keller Williams - Austin SW

	An updated kitchen, new hardwood floors, stone countertops, stainless steel appliances and Samsung washer and dryer. Over 5 acres of lush lawns, amenities such as a conference room, library, fitness center, racquetball court, heated indoor/outdoor pool and 24-hour concierge service. Light open space, big kitchen w/ designer cabinets, travertine tile. Updated bamboo flooring with fresh carpet in bedrooms and you must hear the sound of the pool waterfall!! The manager has listed the unit size as 1533 square feet.
Mar 30, 2019	No longer available	-
No longer available
Feb 25, 2019	Price Decreased	$529,900 ↓ $5K (1%)
Price Decreased
Jan 17, 2019	Price Decreased	$535,000 ↓ $14K (2.6%)
Price Decreased
Dec 22, 2018	Price Decreased	$549,000 ↓ $30K (5.2%)
Price Decreased
Oct 15, 2018	Listed by Keller Williams - Austin SW	$579,000
Listed by Keller Williams - Austin SW

	Walk to Lady Bird Lake and the hike and bike trail. Take a peaceful stroll near the water on the hike and bike trail or join in the revelry around the corner on the vibrant Rainey Street. An updated kitchen, new hardwood floors, stone countertops, stainless steel appliances. Residents enjoy over 5 acres of lush lawns, with amenities, conference room, library, fitness center, racquetball court, and heated indoor/outdoor pool and 24-hour concierge service. The manager has listed the unit size as 1533 square feet.

Property Highlights

Garage

Parking Available

Air Conditioning

Parking Details

Covered Spaces: 2

Total Number of Parking: 2

Parking Features: Assigned, Attached, Reserved

Garage Spaces: 2

Interior Details

Full Bathrooms: 2

Interior Features: Breakfast Bar, Entrance Foyer, In-Law Floorplan, Intercom, No Interior Steps, Primary Bedroom on Main, Recessed Lighting, Track Lighting, Walk-In Closet(s)

Appliances: Built-In Oven(s), Dishwasher, Disposal, Electric Cooktop, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer/Dryer Stacked

Flooring Type: Tile, Wood

Cooling: Central Air

Heating: Central, Electric

Living Area: 1533

Exterior Details

Property Type: Residential

Property Sub Type: Condominium

Green Energy Efficient

Property Condition: Resale

Year Built: 1983

Year Built Source: Public Records

Unit Style: High Rise (8-13 Stories)

View Desription: Lake, Pool, River, See Remarks

Fencing: Fenced, Wrought Iron

Spa Features: Hot Tub, In Ground

Levels: One

Construction Materials: Stone Veneer, Stucco

Foundation: Slab

Roof: Tar/Gravel

Exterior Features: Balcony, Basketball Court, Dog Run

Pool Features: None

Lot Features: Sprinkler - Automatic, Trees-Large (Over 40 Ft), Trees-Medium (20 Ft - 40 Ft)

Lot Size Acres: 0.028

Lot Size Square Feet: 1219.68

Water Source: Public

Financial Details

Tax Year: 2023

Utilities Details

Water Source: Public

Sewer : Public Sewer

Utilities For Property: Electricity Available, High Speed Internet

Location Details

Directions: South bound IH 35, exit Cesar Chavez and stay on frontage road. The Towers of Town Lake entrance is right before the Holiday Inn. Turn right on road before gas station and use the phone to call concierge for access.

Community Features: Concierge, Conference/Meeting Room, Fitness Center, Gated, Google Fiber, Laundry Service, Lounge, Maintenance On-Site, Package Service, Pool, Property Manager On-Site, Hot Tub, Walk/Bike/Hike/Jog Trail(s

Other Details

Association Fee Includes: Common Area Maintenance, Maintenance Structure, Security, Trash, Water

Association Fee: $939

Association Fee Freq: Monthly

Association Name: Towers of Town Lake

Request mortgage information redaction

Comparables

Past Sales

Date	Unit	Beds	Baths	Sqft	Price	Closed	Listed By
20250519 Unit 3D3 05/19/2025	3D3	2 Bed	2 Bath	1533 ft²	$539,900 2 Bed 2 Bath 1533 ft²	- -	Lee McClintick Joseph Walter Realty, LLC
20250703 Unit 2D1 07/03/2025	2D1	2 Bed	2 Bath	1533 ft²	$550,000 2 Bed 2 Bath 1533 ft²	- -	Julie Hutchison eXp Realty, LLC
20250501 Unit 10B1 05/01/2025	10B1	4 Bed	3 Bath	2651 ft²	$975,000 4 Bed 3 Bath 2651 ft²	$925,000 -5.13% 05/01/2025	Ferree Rhodes Compass RE Texas, LLC
20250108 Unit PB1 01/08/2025	PB1	2 Bed	2 Bath	2651 ft²	$1,099,000 2 Bed 2 Bath 2651 ft²	- -	Derek Smith Teifke Real Estate
20241212 Unit 8D2 12/12/2024	8D2	2 Bed	2 Bath	1360 ft²	$575,000 2 Bed 2 Bath 1360 ft²	$575,000 12/12/2024	Kimberly Treadaway Keller Williams Realty
20241018 Unit 11D3 10/18/2024	11D3	2 Bed	2 Bath	1533 ft²	$589,000 2 Bed 2 Bath 1533 ft²	$589,000 10/18/2024	Gregg Klar Keller Williams - Lake Travis
20240523 Unit 10B1 05/23/2024	10B1	4 Bed	3 Bath	2651 ft²	$1,400,000 4 Bed 3 Bath 2651 ft²	- -	Ferree Rhodes Compass RE Texas, LLC
20240305 Unit PB1 03/05/2024	PB1	2 Bed	3 Bath	2651 ft²	$1,300,000 2 Bed 3 Bath 2651 ft²	- -	Derek Smith Teifke Real Estate
20240126 Unit 2D3 01/26/2024	2D3	2 Bed	2 Bath	1533 ft²	$446,900 2 Bed 2 Bath 1533 ft²	- -	Nouzha Swimelar NS Properties, LLC
20231006 Unit 3D3 10/06/2023	3D3	2 Bed	2 Bath	1533 ft²	$615,000 2 Bed 2 Bath 1533 ft²	- -	Doug Harrison Urbanspace
20230805 Unit 4C2 08/05/2023	4C2	2 Bed	2 Bath	1459 ft²	$549,900 2 Bed 2 Bath 1459 ft²	- -	Jeff Kress Pure Realty
20201102 Unit 4A1 11/02/2020	4A1	2 Bed	2 Bath	1743 ft²	$520,000 2 Bed 2 Bath 1743 ft²	- -	Holly Mace Massingill Keller Williams - Austin SW
20200505 Unit 3D3 05/05/2020	3D3	2 Bed	2 Bath	1533 ft²	$565,000 2 Bed 2 Bath 1533 ft²	- -	Monty Maulding Keller Williams - Austin SW
20190416 Unit 3D3 04/16/2019	3D3	2 Bed	2 Bath	1533 ft²	$535,000 2 Bed 2 Bath 1533 ft²	- -	Monty Maulding Keller Williams - Austin SW
20181015 Unit 3D3 10/15/2018	3D3	2 Bed	2 Bath	1533 ft²	$579,000 2 Bed 2 Bath 1533 ft²	- -	Monty Maulding Keller Williams - Austin SW
20181011 Unit 4A4 10/11/2018	4A4	2 Bed	2 Bath	1234 ft²	$475,000 2 Bed 2 Bath 1234 ft²	- -	Michael Harrell Rhapsody Realty Services, LLC
20180921 Unit 5C1 09/21/2018	5C1	2 Bed	2 Bath	1288 ft²	- 2 Bed 2 Bath 1288 ft²	- -	Lisa Little Keller Williams - Austin SW

Building Info

40 North Interstate 35 40 North Interstate 35, Austin, TX 78701

3 Units for Sale

More about this Building

Want to find out who owns 40 North Interstate 35, Austin, TX 78701? Get detailed property transactions here.

About Downtown Austin

Stats & Trends

Median Asking:

$770,000

Sale Price/ft²

$750

Below Asking

0.02%

Average Days on Market

Average Home Size

1393 ft²

Average Home Age

21.1 years

Currently For Sale

242 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 301 West Ave, Austin, TX, 78701

$3,400 /mo

1 Bed
1 Bath
697 ft²

301 West Ave #1903, Austin, TX, 78701 Listing by Steven Bilyeu

Unit for rent at 610 Davis St, Austin, TX, 78701

$9,000 /mo

3 Beds
3 Baths
1,820 ft²

610 Davis St #2712, Austin, TX, 78701 Listing by Jane Amschwand

Unit for rent at 200 Congress Ave, Austin, TX, 78701

$9,500 /mo

2 Beds
2 Baths
1,784 ft²

200 Congress Ave #28SW, Austin, TX, 78701 Listing by Alexa Messer

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Doug Harrison
Listed Office: Urbanspace - Listing courtesy of Unlock MLS
Phone: (512) 457-8884
Last Updated: 2024-02-12 17:44:23
Data Source: Unlock MLS, MLS# ACT1578201

Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.