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$435,000
last listed40 N Interstate 35 Highway Unit #5B2, Austin, TX 78701
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2 bed, 2 bath, 1,459 sqft on 0.03 acres in Downtown Austin. Austin, TX 78701. Last listed at $435,000, sold May 22, 2026. Austin ISD.
About This Home
Welcome to this bright, beautiful 2-bedroom, 2-bath condo in downtown Austin! Perched on the 5th floor, this unit offers stunning nighttime city views through floor-to-ceiling windows and a spacious private balcony. Inside, enjoy an expansive living area with wood floors, a roomy kitchen with stylish expresso cabinets and granite countertops. The primary suite includes a walk-in closet and an en-suite bathroom with a double vanity and walk-in shower. A full-size in-unit washer and dryer complete the package. Located in a full-amenity building with 24-hour concierge and security, indoor-heated pool, outdoor pool, sauna, hot tub, racquetball/basketball court, fitness center, game room w/billiards, 2 dedicated garage parking spots and guest parking. Just steps from the Roy and Ann Butler Hike and Bike Trail, Ladybird Lake, and World-Famous Rainey Street. Don’t miss your chance to live in one of the city’s most vibrant neighborhoods—schedule a showing today!
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 guide- Property Type
- Residential
- Year Built
- 1983
- Lot Size
- 0.03 acres
- Price / Sq Ft
- $298
- HOA
- $1,075.28/mo
- Garage
- 2 spaces
- Pool
- Yes
Listing information last updated May 25, 2026.
Listed by Amazing Realty LLC
MLS# 4862996 • Closed
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Properties displayed may be listed or sold by various participants in the MLS.
Highlights
Facts & Features
Interior
- Breakfast Bar
- Ceiling Fan(s)
- Granite Counters
- High Speed Internet
- Primary Bedroom on Main
- Recessed Lighting
- Walk-In Closet(s)
- Dishwasher
- Disposal
- Microwave
- Free-Standing Range
- Stainless Steel Appliance(s)
- Washer
- Dryer
- Tile
- Wood
- Heating
- Central
- Cooling
- Central Air
Exterior & Lot
- Balcony
- Masonry – All Sides
- Greenbelt
- Private
- Views
- Slab
- Roof
- Concrete
- Lot Size
- 0.03 Acres
- Garage
- Garage Spaces
- 2
- Pool
- Yes
Financial
- HOA Fee
- $1,075 / mo
- Original List Price
- $525,000
- Price per Sq Ft
- $298
Utilities
- Electricity Available
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 40 N Interstate 35 Highway Unit #5B2, whoever represented it.
- SoldMay 22, 2026Listed at: $525,000MLS 4862996
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Explore this area
Price & Listing History
Active Under Contract with current price, original ask, and market time.
- Current list
- $435,000
- Original list
- $525,000
- Price movement
- $90K reduction
- Listed / DOM
- Jun 27, 2025
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $524,275
- Assessment Year
- 2025
- Year Built
- 1983
- Parcel ID
- 000000188047
| 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 Schools
Austin
O Henry
Mathews
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 2026-10-16T16:07:15.133+00:00; normalized from monthly dues.
20% ($87K)
Adjustable assumption - not a lending recommendation.
$435,000
Luxury property intelligence
Keenan Market Position
A sourced read on Downtown Austin pricing, timing, and property scale. No automated valuation claim.
List price
$435,000
Price per sqft
$298/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
Not available
Original to current
$90K reduction
$525K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 16, 2026.
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