$585,000
2 bd · 2 ba · 1,459 sqft
40 N Interstate 35 #11B2, Austin, TX 78701
40 N Interstate 35 #11B2, Austin, TX 78701 is a 2-bedroom, 2-bathroom condominium listed at $585,000 ($401/sqft). 1,459 sqft. Built in 1983. Located in Rainey Street District, Austin TX. Priced 49% below the Rainey Street District median of $785/sqft. MLS #8668457. Listed by eXp Realty, LLC.
Property Overview
This upper-floor condominium at 40 N Interstate 35 in the Rainey Street District showcases rare downtown living with expansive skyline views and thoughtful design. Spanning 1,459 square feet, the residence features two bedrooms separated by intelligent floor planning, two full bathrooms, and floor-to-ceiling windows that flood the living areas with natural light. The open layout flows through granite and tile counters, recessed lighting, and crown molding that signal quality finishes throughout. At $401 per square foot, this property sits significantly below the neighborhood median, offering exceptional value in one of Austin's most vibrant urban communities.
Towers of Town Lake transforms the immediate surroundings into a private resort nestled on nearly seven acres of landscaped grounds behind a gated entrance. The building's resort-style amenities include indoor and outdoor pools with waterfall features, a sauna, hot tub, and multiple recreational spaces. Direct access to the Rainey Street Trailhead connects residents to Lady Bird Lake's hike-and-bike trails while remaining minutes from the historic bungalow bars, luxury high-rises, and entertainment venues that define this neighborhood. Two covered garage spaces and a full suite of services from the 24-hour concierge and on-site maintenance complete this low-maintenance Austin lifestyle.
Vox Real Estate Insight
The Vox Real Estate team recognizes this Towers of Town Lake unit as a strategic entry point into downtown Austin's most walkable district, where the location commands premium pricing but this particular residence remains substantially undervalued compared to area comparables. For buyers seeking immediate access to Lady Bird Lake recreation, Rainey Street dining and nightlife, and comprehensive resort amenities without the typical downtown price tag, this property delivers exceptional opportunity.
Agent 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.
Neighborhood: Rainey Street District
This property is located in Rainey Street District, Austin, TX. The area is known for Historic Bungalow Bars, Lady Bird Lake Access, Luxury High-Rises, Skyline Views, Vibrant Nightlife.
At $401/sqft, this listing is priced 49% below the Rainey Street District median of $785/sqft.
Property Details
| Property Type | Condominium |
| Year Built | 1983 |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Living Area | 1,459 sqft |
| Lot Size | 1,128 sqft |
| Price / Sqft | $401 |
| Stories | One |
| Condition | Resale |
| Unit Style | High Rise (8-13 Stories) |
| Subdivision | Towers Town Lake Condo Amd |
| County | Travis |
| MLS Area | DT |
| Listed | Jul 1, 2026 |
| MLS # | 8668457 |
| Listed By | eXp Realty, LLC |
| Contact | (512) 289-7263 |
Interior
| Flooring | Carpet, Tile, Wood |
| Appliances | Dishwasher, Disposal, Microwave, Free-Standing Electric Range, Refrigerator |
| Interior Features | Cedar Closet(s), Ceiling Fan(s), Chandelier, Granite Counters, Tile Counters, Crown Molding, Double Vanity, Elevator, High Speed Internet, Open Floorplan, Recessed Lighting, Sauna, Track Lighting, Walk-In Closet(s), Wired for Sound |
| Windows | Blinds |
| Laundry | Laundry Closet |
| Main-Level Bedrooms | 2 |
| Living Areas | 1 |
| Dining Areas | 1 |
| Accessibility | Common Area, Accessible Elevator Installed |
Systems & Utilities
| Cooling | Central Air |
| Heating | Electric |
| Utilities | Cable Available, Electricity Available, Electricity Connected, High Speed Internet, Natural Gas Not Available, Phone Available, Sewer Connected, Water Connected |
| Water Source | Public, Well |
| Sewer | Public Sewer |
Exterior & Lot
| Construction | Stucco, Synthetic Stucco |
| Roof | Membrane |
| Foundation | Slab |
| Exterior Features | Balcony, Basketball Court, Uncovered Courtyard, Lighting, Private Entrance |
| Pool | Fenced, Gunite, Indoor, Outdoor Pool, Waterfall |
| Private Pool | Yes |
| Waterfront | Yes |
| Fencing | Fenced, Full, Gate, Security |
| Lot Features | Landscaped, Trees-Sparse, Views |
| View | City |
| Faces | Northeast |
Parking
| Parking Spaces | 2 |
| Garage Spaces | 2 |
| Covered Spaces | 2 |
| Parking Features | Garage |
Community & HOA
| HOA | Yes |
| HOA Name | Towers of Town Lake |
| HOA Fee | $1,145 / Monthly |
| Fee Includes | Common Area Maintenance, Landscaping, Maintenance Grounds, Maintenance Structure, Parking, Pest Control, Sewer, Water |
| Community Features | Clubhouse, Cluster Mailbox, Common Grounds, Concierge, Conference/Meeting Room, Controlled Access, Courtyard, Covered Parking, Electronic Payments, Game/Rec Rm, Garage Parking, Gated, Hot Tub, Lake, Laundry Service, Library, Lock and Leave, Lounge, Maintenance On-Site, Planned Social Activities, Pool, Recycling Area/Center, Sauna, Trail(s) |
| Security | 24 Hour Security |
Assigned Schools
| Elementary | Mathews |
| Middle | O Henry |
| High | Austin |
| District | Austin ISD |
Taxes & Legal
| Tax Year | 2025 |
| Annual Tax | $11,173 |
| Assessed Value | $505,777 |
| Parcel # | 02010402160150 |
| Legal Description | UNT 11B2 BLD D TOWERS OF TOWN LAKE CONDOMINIUMS AMENDED PLUS .496% INT IN COMMON AREA |
| FEMA Flood Plain | No,Yes-500 yr |
| In ETJ | No |
| Disclosures | Owner/Agent, Seller Disclosure |
| Listing Conditions | Standard |
Listing data last updated:
Frequently Asked Questions
What is the listing price of 40 N Interstate 35 #11B2, Austin, TX 78701?
This property is listed at $585,000, which is $401 per square foot. That is 49% below the Rainey Street District area median of $785/sqft.
How many bedrooms and bathrooms does 40 N Interstate 35 #11B2, Austin, TX 78701 have?
This home has 2 bedrooms and 2 bathrooms, with 1,459 square feet of living space.
When was 40 N Interstate 35 #11B2, Austin, TX 78701 built?
This property was built in 1983, making it 43 years old.
What neighborhood is 40 N Interstate 35 #11B2, Austin, TX 78701 in?
This property is in Rainey Street District, Austin, TX. The area is known for historic bungalow bars, lady bird lake access, luxury high-rises.
How long has 40 N Interstate 35 #11B2, Austin, TX 78701 been on the market?
This listing has been on the market for 54 days.
What type of property is 40 N Interstate 35 #11B2, Austin, TX 78701?
This is a Condominium on a 1,128.2 sqft lot.