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ActiveMLS #8668457

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
1,459Square Ft
0.03Acres
2Garage
1983Year Built
Back on Market
1 / 29
$585,000$610,000
3D tour

Overview

Property Description

*** Agent is also owner ** Welcome to the Towers of Town Lake, where resort-style amenities, expansive green space, and one of downtown Austin's most desirable locations come together to create an exceptional lifestyle. This upper-floor residence offers 1,459 square feet with two bedrooms, two full bathrooms, and a thoughtfully designed split-bedroom floor plan that provides excellent separation of space. Floor-to-ceiling windows in the living room fill the home with natural light while showcasing beautiful downtown skyline views. Situated behind a gated entrance on nearly seven acres of landscaped grounds, the Towers of Town Lake offers a rare sense of privacy and open space just minutes from downtown. Enjoy convenient access to the new Rainey Street Trailhead, connecting you to Lady Bird Lake, miles of hike-and-bike trails, parks, restaurants, entertainment, and the best of downtown Austin. Residents enjoy an outstanding collection of amenities, including indoor and outdoor pools, a fitness center, beautifully maintained common areas, 24-hour concierge service, on-site management and maintenance staff, and two deeded parking spaces. The homeowner's association is financially strong, with healthy reserve funding, ongoing capital improvements, and a comprehensive 15-year structural improvement plan that reflects a commitment to the property's long-term stewardship. Offering significantly more living space than many newer downtown condominiums, combined with extensive amenities, generous green space, a gated setting, and an exceptional location, this residence presents a rare opportunity to enjoy downtown Austin living at an outstanding value.

Financial Info
Price
$585,000
$ / Sqft
$401
HOA
Yes - Mandatory / $1,145 / Monthly
HOA Name
Towers of Town Lake
HOA Includes
Common Area Maintenance, Landscaping, Maintenance Grounds, Maintenance Structure, Parking, Pest Control, Sewer, Water
Tax Rate
2.0465%
Est. Taxes
$11,173
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 11B2 BLD D TOWERS OF TOWN LAKE CONDOMINIUMS AMENDED PLUS .496% INT IN COMMON AREA
Parcel
02010402160150
Interior Features
Floor
Carpet, Tile, Wood
Num Living
1
Dining
1
Kitchen
Granite Counters
Appliances
Dishwasher, Disposal, Microwave, Free-Standing Electric Range, Refrigerator
Laundry
Laundry Closet
Master Bed
Double Vanity, Walk-In Closet(s)
Master Main
Yes
Interior Features
Cedar Closet(s), Ceiling Fan(s), Chandelier, Granite Counters, Tile Counters, Crown Molding, Double Vanity, Electric Dryer Hookup, Elevator, High Speed Internet, Open Floorplan, Recessed Lighting, Sauna, Track Lighting, Walk-In Closet(s), Washer Hookup, Wired for Sound, 24 Hour Security, Blinds
General Info
Beds
2 Total / 2 Main Level
Full / Half Baths
2 / 0
Prop Type
Residential
Property Type
Condominium
Stories
1
Year Built
1983 / Resale
Square Feet
1,459 / Public Records
Garages
2
Garage Desc
Garage
Foundation
Slab
Roof
Membrane
Construction
Stucco, Synthetic Stucco
Acres
0.03
Lot Description
Landscaped, Sprinkler - In-ground, Trees-Sparse, Views
Restrictions
Covenant, Lease
Flood Plain
No, Yes-500 yr
View
City
Water Access
Yes
Waterfront
Yes
Area
DT
Utility Info
Water
Public, Well
Sewer
Public Sewer
Utilities
Cable Available, Electricity Available, Electricity Connected, Internet-Cable, Natural Gas Not Available, Phone Available, Sewer Connected, Water Connected
Heat
Electric
A C
Central Air
Exterior Features
Fence
Fenced, Full, Gate, Security
Exterior Features
Balcony, Basketball Court, Uncovered Courtyard, Lighting, Private Entrance, None
Pool On Property
Yes
Area Amenities
Clubhouse, Cluster Mailbox, Common Grounds, Concierge, Conference/Meeting Room, Controlled Access, Courtyard, Covered Parking, Electronic Payments, Game Room, Garage Parking, Gated, Hot Tub Community, Lake, Laundry Service, Library, Lock and Leave, Lounge, Maintenance On-Site, Planned Social Activities, Pool, Recycling Area/Center, Sauna, Spa/Hot Tub

Price history

Members only
Days on market
−$25,000 (−4.1%)
$610,000 → $585,000
2
Price reductions
Active
Since Jul 1, 2026
Price trend
List priceJul 2026 → Aug 2026
Property history5 events
DateEventPriceChange
Sep 16, 2026Back On Market
Sep 16, 2026Hold
Aug 24, 2026Price Decrease$585,000−$14,000 (−2.3%)
Jul 29, 2026Price Decrease$599,000−$11,000 (−1.8%)
Jul 1, 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 $585,000
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

$4,377 / mo

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

Estimated monthly payment $4,377

Principal & interest
$2,958
Property taxes
$931
Homeowners insurance
$488

*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$468,000$5,231$30,266$462,769
2$462,769$5,581$29,916$457,188
3$457,188$5,955$29,542$451,233
4$451,233$6,354$29,143$444,879
5$444,879$6,779$28,718$438,099
6$438,099$7,233$28,263$430,866
7$430,866$7,718$27,779$423,148
8$423,148$8,235$27,262$414,913
9$414,913$8,786$26,711$406,127
10$406,127$9,375$26,122$396,752
  • Year 1$462,769
    Principal paid
    $5,231
    Interest paid
    $30,266
    Starting balance
    $468,000
  • Year 2$457,188
    Principal paid
    $5,581
    Interest paid
    $29,916
    Starting balance
    $462,769
  • Year 3$451,233
    Principal paid
    $5,955
    Interest paid
    $29,542
    Starting balance
    $457,188
  • Year 4$444,879
    Principal paid
    $6,354
    Interest paid
    $29,143
    Starting balance
    $451,233
  • Year 5$438,099
    Principal paid
    $6,779
    Interest paid
    $28,718
    Starting balance
    $444,879
  • Year 6$430,866
    Principal paid
    $7,233
    Interest paid
    $28,263
    Starting balance
    $438,099
  • Year 7$423,148
    Principal paid
    $7,718
    Interest paid
    $27,779
    Starting balance
    $430,866
  • Year 8$414,913
    Principal paid
    $8,235
    Interest paid
    $27,262
    Starting balance
    $423,148
  • Year 9$406,127
    Principal paid
    $8,786
    Interest paid
    $26,711
    Starting balance
    $414,913
  • Year 10$396,752
    Principal paid
    $9,375
    Interest paid
    $26,122
    Starting balance
    $406,127
First 10 of 30 years

Nearby

Courtesy of eXp Realty, LLC · (888) 519-7431

Listings courtesy of ACTRIS as distributed by MLS GRID.