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FOR SALE
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$585,000

Reduced $25K

40 Interstate 35 #11B2, Austin, TX 78701

Est. Mortgage $3,737/mo

2

beds

2

baths

1,459

sqft

0.03

acres

Condominium
$1,145/mo HOA
Built in 1983
0.03 Acre Lot
1,459 sqft
$401/sqft
Request property documents
OVERVIEW

About this condo

*** 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.

Listings checked every few minutes. MLS# 8668457 was Last Updated: 09-16-2026.

Listed by eXp Realty, LLC (888) 519-7431

Listing courtesy of Unlock MLS as distributed by MLS Grid. The information being provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but is not guaranteed accurate by MLS Grid or Unlock MLS.

More homes for sale in Rainey Street Historic District

See all homes for sale in Rainey Street Historic District

What is the Rainey Street Historic District neighborhood like?

The Rainey Street Historic District is located in the southeast corner of downtown Austin, Travis County, between Cesar Chavez Boulevard (formerly Water Street) to the north and Lady Bird Lake (the Colorado River) to the south, near Interstate 35. The district was added to the National Register of Historic Places on September 17, 1985 (Reference No. 85002302), with a period of significance spanning 1875 to 1949 and recognized areas of significance in architecture, including Bungalow/Craftsman and Gothic styles.

Explore Rainey Street Historic District

What employers are near 40 Interstate 35?

  • Whole Foods Market (Grocery retail (corporate headquarters))
  • Indeed (Technology)
  • State of Texas (Government)

How does this property compare to others in Rainey Street Historic District?

40 Interstate 35 is listed at $585K vs. the $675K median in Rainey Street Historic District. The neighborhood average is $785/sqft. Homes in Rainey Street Historic District average 92 days on market.

MetricRainey Street Historic District
Median List Price$675K
Median Sold Price$634K
Average Days on Market92
Average Price per Sqft$785
Active Listings94

Market data as of September 2026.

Frequently Asked Questions

How much is 40 Interstate 35?

40 Interstate 35 is listed for $585,000. It features 2 bedrooms, 2 bathrooms, 1,459 square feet, 0.0259 acres. Built in 1983.

What neighborhood is 40 Interstate 35 in?

40 Interstate 35 is located in the Rainey Street Historic District neighborhood of Austin, Texas.

How does 40 Interstate 35 compare to other condos in Rainey Street Historic District?

The asking price of $585,000 is 13.3% lower than the median condo price of $675K in Rainey Street Historic District. At $401/sqft, it compares to the neighborhood average of $785/sqft.

What are the details of 40 Interstate 35?

40 Interstate 35 was built in 1983, and sits on 0.0259 acres of land, and is a condominium style condo.