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SOLD
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$417,000

Last List Price

40 Interstate Hwy 35 #5B3, Austin, TX 78701

2

beds

2

baths

1,288

sqft

0.02

acres

Condominium
$949.26/mo HOA

About This Condo

Live in the Heart of Downtown Austin at the Coveted Towers of Town Lake. Enjoy stunning views of Lady Bird Lake and the iconic Congress Bridge bats from your private balcony in this chic and stylish 2BD/2BA condo. With 1,288 sq ft of luminous living space, this residence blends modern updates with breathtaking scenery. The bright open floor plan connects the kitchen, dining, and living areas while still offering subtle separation between spaces. Soaring ceilings, recessed LED lighting, and a wall of windows and glass doors flood the home with natural light and seamlessly extend the living space outdoors. The contemporary kitchen features custom cabinetry with generous storage—including built-in pantry cabinets and additional shelving in the laundry room. Granite countertops, stainless steel appliances, and bar seating at the peninsula make this kitchen both functional and inviting. A dedicated dining area is perfect for hosting dinner parties before a night out on Rainey Street. The spacious primary suite offers a private ensuite bath with raised bowl sinks, granite counters, custom cabinetry, and a large walk-in closet. A separate water closet includes a walk-in shower and private toilet. The second bedroom and full bath are ideal for guests or a home office. Towers of Town Lake offers unmatched amenities: indoor and outdoor pools, a spa, fitness center, racquetball court, library, game room, and elegant gathering spaces. Residents enjoy the support of a top-tier staff known for exceptional service. You also have two, 1st level adjacent parking spaces! Located directly along Lady Bird Lake, you’ll have hike & bike trail access at your doorstep and easy walkability to restaurants & entertainment. With Downtown and East Austin just steps away and quick access to I-35, everything you need is right at your fingertips. Don’t miss this rare opportunity to own a private oasis in one of Austin’s premier condo towers—schedule your showing today!

Listings checked every few minutes. MLS# 2130179 was Last Updated: 07-21-2025.

Listed by John Brandon Faught, Compass RE Texas, LLC (512) 791-5209

Buyer Represented by Non Member, Non Member

Neighborhood

Assigned Schools

Comments

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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.

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 Hwy 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 Hwy 35 is listed at $417K vs. the $774K median in Rainey Street Historic District. The neighborhood average is $838/sqft. Homes in Rainey Street Historic District average 137 days on market.

MetricRainey Street Historic District
Median List Price$774K
Median Sold Price$565K
Average Days on Market137
Average Price per Sqft$838
Active Listings97

Market data as of May 2026.

Frequently Asked Questions

How much is 40 Interstate Hwy 35?

40 Interstate Hwy 35 is listed for $417,000. It features 2 bedrooms, 2 bathrooms, 1,288 square feet, 0.0232 acres. Built in 1983.

What neighborhood is 40 Interstate Hwy 35 in?

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

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

The asking price of $417,000 is 46.1% lower than the median condo price of $774K in Rainey Street Historic District. At $324/sqft, it compares to the neighborhood average of $838/sqft.

What are the details of 40 Interstate Hwy 35?

40 Interstate Hwy 35 was built in 1983, and sits on 0.0232 acres of land, and is a condominium style condo.