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ActiveMLS #5653121

40 N Interstate 35, Austin TX 78701

Austin, TX 78701 · Towers Town Lake Condo Amd

Condominium for sale in Towers Town Lake Condo Amd

2Bedrooms
2Bathrooms
1,533Square Ft
0.03Acres
2Garage
1983Year Built
Price Reduced
1 / 35
$524,500$569,000
3D tour

Overview

Property Description

Beautiful downtown lake-view property, open floor plan, bright and spacious. Professionally renovated two-bedroom condo with two full baths. The generously sized unit is great for entertaining, skyline viewing and enjoying access to downtown culture and night life. Centrally located with easy access to all major highways. Spectacular sunsets right from the balcony, trail access, water sports, bat viewing and immediate access to downtown restaurants, museums, nightlife, festivals, music, entertainment and activities. Rich in amenities such as indoor/outdoor pool with hot tub, 24 hr. security and concierge, weight room, exercise room, dry sauna, steam shower, half basketball/racquetball court, pool/ping-pong room, library space, piano room, meeting room, laundry service pickup, guest parking and lovely spacious grounds. Enter through East or West access gate, call button available to call the front desk, you must sign in at front desk with license plate number. May satisfy requirements for a 1031 Exchange as currently there is a lease in place. Currently leased through April 17, 2027. Must owner occupy, at the end of current lease.

Financial Info
Price
$524,500
$ / Sqft
$342
HOA
Yes - Mandatory / $1,203.41 / Monthly
HOA Name
Towers of Town Lake
HOA Includes
Common Area Maintenance, Landscaping, Security, Sewer, Trash, Water
Tax Rate
2.14486%
Est. Taxes
$9,500
Tax Year
2025
Exemptions
None
Legal Info
Address
40 N Interstate 35
County
Travis
City
Austin
State
TX
Zip
78701
Subdivision
Towers Town Lake Condo Amd
Legal Description
UNT 6D3 BLD D TOWERS OF TOWN LAKE CONDOMINIUMS AMENDED PLUS .521% INT IN COMMON AREA
Parcel
02010402160089
Interior Features
Floor
Tile, Vinyl
Num Living
1
Dining
2
Kitchen
Breakfast Bar
Appliances
Built-In Oven(s), Dishwasher, Disposal, Electric Cooktop, Exhaust Fan, Microwave, Washer/Dryer Stacked, Electric Water Heater
Laundry
In Unit, Laundry Room
Master Bed
Primary Bedroom on Main, Walk-In Closet(s)
Master Main
Yes
Fireplace Description
None
Interior Features
Breakfast Bar, Ceiling Fan(s), In-Law Floorplan, Intercom, Multiple Dining Areas, Open Floorplan, Primary Bedroom on Main, Recessed Lighting, Stackable W/D Connections, Walk-In Closet(s), Building Security, Closed Circuit Camera(s), Fire Alarm, Fire Sprinkler System, Gated with Guard, Key Card Entry, Security Lights, Smoke Detector(s), Screens, Tinted Windows, Window Treatments
General Info
Beds
2 Total / 2 Main Level
Full / Half Baths
2 / 0
Prop Type
Residential
Property Type
Condominium
Stories
1
Year Built
1983 / Updated/Remodeled
Square Feet
1,533 / Public Records
Garages
2
Garage Desc
Covered, Gated, Open, Reserved
Foundation
Slab
Roof
Flat Tile, Mixed
Construction
Stucco
Acres
0.03
Lot Description
Curbs, Waterfall
Restrictions
None
Flood Plain
Yes-500 yr
View
City, Lake, Panoramic, River, Skyline, Water
Water Access
Yes
Waterfront
Yes
Area
DT
Utility Info
Water
Public
Sewer
Public Sewer
Utilities
Electricity Connected, Internet-Fiber, Natural Gas Not Available, Sewer Connected, Water Connected
Heat
Central, Electric
A C
Central Air, Electric
Exterior Features
Fence
Fenced, Wrought Iron
Exterior Features
Balcony, Boat Ramp, Covered, Patio
Pool On Property
Yes
Area Amenities
Bike Storage/Locker, Business Center, Clubhouse, Cluster Mailbox, Concierge, Conference/Meeting Room, Fitness Center, Game Room, Gated, Laundry Service

Rooms

Rooms5 rooms

Main level

  • Living Room

    Ceiling Fan(s), Recessed Lighting

  • Bedroom

    Ceiling Fan(s)

  • Dining Room

    Dining Area

  • Kitchen

    Kitchn - Breakfast Area, GranCnt, Dining Area, Open to Family Room, Pantry, Plumbed for Icemaker, Pocket Doors, Recessed Lighting

  • Primary Bedroom

    Ceiling Fan(s), Full Bath, Walk-In Closet(s)

Price history

Members only
Days on market
−$44,500 (−7.8%)
$569,000 → $524,500
3
Price reductions
Active
Since Jan 12, 2026
Price trend
List priceJan 2026 → Jun 2026
Property history4 events
DateEventPriceChange
Jun 26, 2026Price Decrease$524,500−$14,500 (−2.7%)
Feb 26, 2026Price Decrease$539,000−$10,000 (−1.8%)
Feb 1, 2026Price Decrease$549,000−$20,000 (−3.5%)
Jan 12, 2026New Listing

Taxes

Tax data isn’t available for this property’s county yet.

Schools

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

Maps

Financing

Your preferences

  • 20% down
  • Conv/Jumbo
  • 30 years
  • 6.50% rate

Saved on this device

List price $524,500
Down payment
Stays 20% if you change the price
Note rate, not APR
From this listing’s tax record
*Estimated only (1% of price / yr)

Estimated monthly payment

$3,881 / mo

20% down · 6.50% interest · 30-year fixed

Estimated monthly payment $3,881

Principal & interest
$2,652
Property taxes
$792
Homeowners insurance
$437

*PITI only

These figures are estimates for general information only — not a loan offer, a quote, or a guarantee of financing terms.

Principal, interest and balance for each year
YearStarting balancePrincipal paidInterest paidEnding balancePrincipal vs interest
1$419,600$4,690$27,136$414,910
2$414,910$5,004$26,822$409,906
3$409,906$5,339$26,487$404,567
4$404,567$5,697$26,129$398,870
5$398,870$6,078$25,748$392,792
6$392,792$6,485$25,341$386,306
7$386,306$6,920$24,906$379,387
8$379,387$7,383$24,443$372,003
9$372,003$7,878$23,948$364,126
10$364,126$8,405$23,421$355,721
  • Year 1$414,910
    Principal paid
    $4,690
    Interest paid
    $27,136
    Starting balance
    $419,600
  • Year 2$409,906
    Principal paid
    $5,004
    Interest paid
    $26,822
    Starting balance
    $414,910
  • Year 3$404,567
    Principal paid
    $5,339
    Interest paid
    $26,487
    Starting balance
    $409,906
  • Year 4$398,870
    Principal paid
    $5,697
    Interest paid
    $26,129
    Starting balance
    $404,567
  • Year 5$392,792
    Principal paid
    $6,078
    Interest paid
    $25,748
    Starting balance
    $398,870
  • Year 6$386,306
    Principal paid
    $6,485
    Interest paid
    $25,341
    Starting balance
    $392,792
  • Year 7$379,387
    Principal paid
    $6,920
    Interest paid
    $24,906
    Starting balance
    $386,306
  • Year 8$372,003
    Principal paid
    $7,383
    Interest paid
    $24,443
    Starting balance
    $379,387
  • Year 9$364,126
    Principal paid
    $7,878
    Interest paid
    $23,948
    Starting balance
    $372,003
  • Year 10$355,721
    Principal paid
    $8,405
    Interest paid
    $23,421
    Starting balance
    $364,126
First 10 of 30 years

Nearby

Courtesy of Southwest Realty Advisors, LLC · (512) 456-7836

Listings courtesy of ACTRIS as distributed by MLS GRID.