$819,700
4 bd · 2 ba · 2,452 sqft
40 N Interstate 35 Highway N #1B3, Austin, TX 78701
40 N Interstate 35 Highway N #1B3, Austin, TX 78701 is a 4-bedroom, 2-bathroom condominium listed at $819,700 ($334/sqft). 2,452 sqft. Built in 1983. Located in Rainey Street District, Austin TX. Priced 57% below the Rainey Street District median of $785/sqft. MLS #9250150. Listed by Engel & Volkers Alamo Heights.
Property Overview
This ground-floor condominium at 40 Interstate 35 Highway in Austin's Rainey Street District offers a rare combination of space and accessibility in downtown living. Spanning 2,452 square feet with four bedrooms plus a dedicated library, this residence delivers the square footage and flexibility typically reserved for single-family homes. Ground-floor positioning eliminates elevator dependency and opens directly onto landscaped grounds, creating seamless indoor-outdoor living steps from Lady Bird Lake and the vibrant energy of Rainey Street's historic bungalows and upscale venues.
Towers of Town Lake's amenities rival resort properties: dual pools, spa facilities, fitness center, racquetball court, resident lounges, and full concierge service cater to an exceptionally active lifestyle. The unit includes two dedicated parking spaces and private storage, addressing the practical demands of urban living. The thoughtfully arranged living, dining, and work areas flow naturally throughout the residence, accommodating both entertaining and focused work.
At $334 per square foot, this property is positioned significantly below the area median, offering compelling value for a ground-floor sanctuary with this level of amenity access and lake proximity in one of Austin's most sought neighborhoods.
Vox Real Estate Insight
Vox Residential recognizes this as an unusual opportunity in Rainey Street District: ground-floor units with this footage rarely come available, and the pricing reflects genuine value for buyers seeking downtown walkability without typical condo trade-offs. The combination of Lake Travis views, resort-caliber amenities, and direct outdoor access makes this a distinct offering in the central Austin market.
Agent Description
Towers of Town Lake delivers resort-caliber amenities rarely matched in urban Austin: indoor and outdoor pools, hot tub and spa, fitness center, racquetball court, resident lounges, game room, snack lounge, and concierge service — all within a gated, professionally managed community. This residence includes two designated parking spaces and a private storage unit directly adjacent to the condo. Rare ground-floor residence spanning 2,452 square feet with four bedrooms plus a dedicated library/study — a scale and flexibility genuinely uncommon in downtown Austin condo living. Living, dining, and work areas connect naturally, creating a residence that feels both expansive and purposefully functional. Ground-floor positioning is a rare distinction here. Direct outdoor access, zero elevator dependency, and seamless connection to beautifully landscaped grounds deliver convenience, privacy, and indoor-outdoor ease that sets this residence meaningfully apart. The location is unmatched. Steps from Lady Bird Lake and the Hike-and-Bike Trail. Minutes from Rainey Street, downtown Austin dining, entertainment, and major employers. Airport easily accessible. Towers of Town Lake are among the rarest offerings in Austin's luxury market.
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 $334/sqft, this listing is priced 57% below the Rainey Street District median of $785/sqft.
Property Details
| Property Type | Condominium |
| Year Built | 1983 |
| Bedrooms | 4 |
| Bathrooms | 2 |
| Living Area | 2,452 sqft |
| Lot Size | 1,917 sqft |
| Price / Sqft | $334 |
| Stories | One |
| Condition | Resale |
| Unit Style | 1st Floor Entry |
| Subdivision | Towers Town Lake Condo Amd |
| County | Travis |
| MLS Area | DT |
| Listed | Apr 2, 2026 |
| MLS # | 9250150 |
| Listed By | Engel & Volkers Alamo Heights |
Interior
| Flooring | Carpet, Marble, Wood |
| Appliances | Dishwasher, Microwave, Oven, Free-Standing Range |
| Interior Features | Bookcases, Breakfast Bar, Built-in Features, Ceiling Fan(s), Double Vanity, Entrance Foyer, No Interior Steps, Pantry, Primary Bedroom on Main, Walk-In Closet(s) |
| Windows | Drapes |
| Laundry | In Kitchen |
| Main-Level Bedrooms | 4 |
Systems & Utilities
| Cooling | Central Air |
| Heating | Central |
| Utilities | Electricity Connected, High Speed Internet, Natural Gas Not Available, Sewer Connected, Water Connected |
| Water Source | Public |
| Sewer | Public Sewer |
Exterior & Lot
| Construction | Stucco |
| Roof | Flat Tile |
| Foundation | Slab |
| Patio & Porch | Covered, Patio |
| Fencing | Perimeter, Security |
| View | Lake, River |
| Faces | Southwest |
Parking
| Parking Spaces | 2 |
| Garage Spaces | 2 |
| Parking Features | Garage |
Community & HOA
| HOA | Yes |
| HOA Name | Towers on Town Lake |
| HOA Fee | $1,925 / Monthly |
| Fee Includes | Common Area Maintenance, Insurance, Landscaping, Maintenance Structure, Trash, Water |
| Community Features | Clubhouse, Common Grounds, Concierge, Conference/Meeting Room, Covered Parking, Fitness Center, Garage Parking, Gated, Pool, Racquetball, Hot Tub, Storage, Trail(s) |
| Security | 24 Hour Security, Building Security, Fire Sprinkler System, Secured Garage/Parking |
Assigned Schools
| Elementary | Mathews |
| Middle | O Henry |
| High | Austin |
| District | Austin ISD |
Taxes & Legal
| Tax Year | 2025 |
| Annual Tax | $5,944 |
| Assessed Value | $878,283 |
| Parcel # | 02010402160010 |
| Legal Description | Unt 1B3 Bld D Towers Of Town Lake Condominiums Amended Plus .833% Int In Common Area |
| FEMA Flood Plain | No |
| In ETJ | No |
| Disclosures | Seller Disclosure |
| Listing Conditions | Standard |
Listing data last updated:
Frequently Asked Questions
What is the listing price of 40 N Interstate 35 Highway N #1B3, Austin, TX 78701?
This property is listed at $819,700, which is $334 per square foot. That is 57% below the Rainey Street District area median of $785/sqft.
How many bedrooms and bathrooms does 40 N Interstate 35 Highway N #1B3, Austin, TX 78701 have?
This home has 4 bedrooms and 2 bathrooms, with 2,452 square feet of living space.
When was 40 N Interstate 35 Highway N #1B3, Austin, TX 78701 built?
This property was built in 1983, making it 43 years old.
What neighborhood is 40 N Interstate 35 Highway N #1B3, 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 Highway N #1B3, Austin, TX 78701 been on the market?
This listing has been on the market for 132 days.
What type of property is 40 N Interstate 35 Highway N #1B3, Austin, TX 78701?
This is a Condominium on a 1,916.64 sqft lot.