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40 N Interstate 35 Freeway Unit #5D4
Austin, TX, 78701
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$449,000
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2 bed, 2 bath, 1,360 sqft on 0.02 acres in Downtown Austin. Austin, TX 78701. Last listed at $449,000, sold April 14, 2025. Austin ISD.
The Towers of Town Lake has recently completed updates to the lobby area. A complete exterior renovation on the buildings was completed last year. The parking lot has been resurfaced and landscaping has been upgraded. The roof was replaced about 5 years ago. The Towers is known for it's spacious condos and long list of amenities including a sport court, library, indoor and out door pools, workout rooms, piano room, library, and meeting room. Two parking spaces convey with this condo, one covered space and one uncovered. Security is on the property from 4:00 pm until 7:00 am on weekdays and 24 hours on weekends and holidays. The concierge desk is staffed 24/7 365 days a year. Google Fiber is available. Washer, Dryer, and Refigerator convey. Also available for lease at $3000/month.
Downtown Austin runs from the Colorado River north to the Capitol, bounded by I-35 to the east and Lamar to the west. It is the densest residential market in Central Texas with high-rise condos, historic lofts, and luxury towers concentrated in distinct sub-districts.
The Seaholm District anchors the west end with the Seaholm Residences and the new Google tower reshaping the skyline. Rainey Street sits along the lake's north shore - what was a street of bungalow bars is now flanked by 40-story residential towers including 70 Rainey and The Lakeshore. The Warehouse District between 3rd and 6th Streets draws buyers who want walkable nightlife and restaurant access. Congress Avenue bisects downtown and remains the civic spine connecting the Capitol to the lake.
The Austonian (56 floors), The Independent (58 floors), and 360 Condominiums are the marquee towers. Newer projects like Sixth & Guadalupe and The Republic continue adding inventory. Price points range from $400K studio condos to $5M+ penthouses with lake and Hill Country views.
Walk Score averages 95+. The MetroRail Red Line stops at downtown station. Major employers including the State of Texas, UT Austin, and a growing tech presence (Google, Meta, Apple satellite offices) generate consistent housing demand. Nightlife, dining, live music, and Lady Bird Lake hike-and-bike trail are all within walking distance.
Buyers here are typically professionals, empty nesters downsizing from suburban estates, investors, and out-of-state relocations drawn to Austin's urban core. HOA fees range from $400/month in older buildings to $2,000+ in full-service towers. Most buildings include concierge, pool, fitness center, and secure parking.
School District: Austin ISD
View Downtown Austin neighborhood guideVerified property facts
40 N Interstate 35 Freeway Unit #5D4 is zoned for Austin ISD with assigned schools: Mathews (elementary), O Henry (middle), Austin (high). School assignments should be verified directly with the district.
40 N Interstate 35 Freeway Unit #5D4 is a Residential built in 1983 featuring 2 bedrooms, 2 full bathrooms, 1,360 square feet, 0.02-acre lot.
40 N Interstate 35 Freeway Unit #5D4 was last listed at $330 per square foot across 1,360 sqft.
The most recent annual property tax for 40 N Interstate 35 Freeway Unit #5D4 is $9,793. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
#1 Austin Board of Realtors Team. 1,000+ homes sold and $1B+ in career sales over 25+ years in Austin.
25+ years advising buyers and sellers in this community
Listing information last updated April 15, 2025.
Listed by Compass RE Texas, LLC
MLS# 1944522 • Closed
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Properties displayed may be listed or sold by various participants in the MLS.
Listing timeline with current price, original ask, and market time.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-6.5% | — | $524,275 | — | — |
2024+14.4% | — | $560,956 | $136,711 | $402,070 |
2023+17.4% | — | $490,500 | $136,711 | $428,008 |
2022-1.7% | — | $417,900 | $136,711 | $353,789 |
2021 | — | $425,000 | $136,712 | $281,188 |
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
Excluded from this estimate: property taxes and home insurance. Each requires verified amount, cadence or unit, source, and as-of details.
HOA source: MLS Grid / Unlock MLS, as of 2026-04-25T02:51:50.833075+00:00; normalized from monthly dues.
20% ($90K)
Adjustable assumption - not a lending recommendation.
$449,000
Luxury property intelligence
A sourced read on Downtown Austin pricing, timing, and property scale. No automated valuation claim.
List price
$449,000
Price per sqft
$330/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
Not available
Original to current
$26K reduction
$475K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Apr 25, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
40 N Interstate 35 Freeway Unit #5D4 was last listed at $449,000 and sold on April 14, 2025. The current MLS snapshot shows 211 active listings in 78701. Keenan Group has completed 12 verified transactions in 78701 within its 1,000+ completed transactions and $1B+ career volume across Austin. See Keenan Group's Downtown Austin guide for current neighborhood analysis.
40 N Interstate 35 Freeway Unit #5D4 was built in 1983 (43 years ago). Buyers should budget for potential updates to major systems.
The MLS listing reports HOA or association dues of $1,002 monthly for 40 N Interstate 35 Freeway Unit #5D4. It does not establish included amenities, services, rules, reserves, or current assessments; verify those items in current association documents.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Downtown Austin is one of Austin's established neighborhoods, zoned for Austin ISD in the 78701 area. The Keenan Group has specialized in Downtown Austin real estate for 25+ years with 1,000+ career transactions. Contact (512) 415-7653 for current market conditions and available homes.
Source: Keenan Group at Compass Real Estate, #1 Austin Board of Realtors Team (2024)
Homes sold by Keenan Group.
11 events on record
Current Price
$449,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-6.5% | — | $524,275 | — | — |
2024+14.4% | — | $560,956 | $136,711 | $402,070 |
2023+17.4% | — | $490,500 | $136,711 | $428,008 |
2022-1.7% | — | $417,900 | $136,711 | $353,789 |
2021 | — | $425,000 | $136,712 | $281,188 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
| Address | Offered At |
|---|---|
| 1812 West Ave Unit #202 | $650K |
| 40 N Interstate 35 Unit #8B2 | $475K |
| 40 N Interstate 35 #5C3 | $500K |
| 603 Davis St #1106 | $298K |
| 54 Rainey St #Ph13 | $420K |
Comparable homes that recently closed in this area
Neighborhood guide and local insights
Downtown Austin runs from the Colorado River north to the Capitol, bounded by I-35 to the east and Lamar to the west. It is the densest residential market in Central Texas with high-rise condos, historic lofts, and luxury towers concentrated in distinct sub-districts. The Seaholm District anchors the west end with the Seaholm Residences and the new Google tower reshaping the skyline. Rainey Street sits along the lake's north shore - what was a street of bungalow bars is now flanked by 40-story residential towers including 70 Rainey and The Lakeshore. The Warehouse District between 3rd and 6th Streets draws buyers who want walkable nightlife and restaurant access. Congress Avenue bisects downtown and remains the civic spine connecting the Capitol to the lake. The Austonian (56 floors), The Independent (58 floors), and 360 Condominiums are the marquee towers. Newer projects like Sixth & Guadalupe and The Republic continue adding inventory. Price points range from $400K studio condos to $5M+ penthouses with lake and Hill Country views. Walk Score averages 95+. The MetroRail Red Line stops at downtown station. Major employers including the State of Texas, UT Austin, and a growing tech presence (Google, Meta, Apple satellite offices) generate consistent housing demand. Nightlife, dining, live music, and Lady Bird Lake hike-and-bike trail are all within walking distance. Buyers here are typically professionals, empty nesters downsizing from suburban estates, investors, and out-of-state relocations drawn to Austin's urban core. HOA fees range from $400/month in older buildings to $2,000+ in full-service towers. Most buildings include concierge, pool, fitness center, and secure parking.
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