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Keenan Group#1 Austin Board of Realtors Team 2024

$499,000

2Beds
2Baths
1,459Sq Ft
0.03 acresLot

40 N Interstate 35 Highway Unit #8C4, Austin, TX 78701

Reduced 5%$525,000
Downtown Austin·MLS# 7408657·Built 1983·141 days on market

2 bed, 2 bath, 1,459 sqft on 0.03 acres in Downtown Austin. Austin, TX 78701. $499,000. Austin ISD.

About This Home

***PRICE IMPROVEMENT! PRICED TO SELL*** Enjoy elevated downtown living at Towers of Town Lake, where Residence No. 8C4 offers a rare lake-facing home on the eighth floor with resort-style amenities and an unbeatable address along the Lady Bird Lake Hike-&-Bike Trail. ***Eighth-Floor Lake Views*** A high floor facing the water means open views of Lady Bird Lake and the greenbelt from the living room, private balcony, and both bedrooms — a million-dollar-plus view at half the cost. ***Larger, Open Floor Plan*** Approximately 1,459 square feet of hardwood-floored living, with a spacious living room open to a separate dining area, all wrapped in floor-to-ceiling glass. ***Full Kitchen with In-Home Laundry*** The kitchen offers wood cabinetry, tile counters, a breakfast bar, and a full appliance suite, plus a dedicated laundry room with full-size washer and dryer — the refrigerator, washer, and dryer all convey. ***True Split Plan*** Two bedrooms on separate sides of the home for privacy — both facing the lake — with two full baths, a walk-in closet, and generous built-in storage throughout. ***Classic Original Finishes — Your Blank Canvas*** Clean and move-in ready, priced on view, value, and location so you can make it your own over time. ***24/7 Concierge & Resort-Style Amenities*** Two pools including an indoor heated pool, plus a spa, sauna, sport court, two workout rooms, a community library, and concierge service in a gated community. ***Prime Location*** Walk to Lady Bird Lake, downtown Austin, and the vibrant Rainey Street District from the calm of a gated address. Come for the view, stay for the lifestyle.

Property Type
Residential
Year Built
1983
Lot Size
0.03 acres
Price / Sq Ft
$342
Garage
2 spaces
Pool
Yes

Listing information last updated October 20, 2026.

Listed by DEN Property Group

MLS# 7408657 • Active

IDX inquiries: Keenan Group at Compass · (512) 415-7653

Highlights

Private pool and outdoor entertaining setup
2-car garage with additional parking capacity
Breakfast Bar
Elevator
Entrance Foyer
In-Law Floorplan

Facts & Features

Interior

Features

  • Breakfast Bar
  • Elevator
  • Entrance Foyer
  • In-Law Floorplan
  • No Interior Steps
  • Primary Bedroom on Main
  • Walk-In Closet(s)

Appliances

  • Built-In Oven(s)
  • Convection Oven
  • Dishwasher
  • Disposal
  • Electric Cooktop
  • Electric Range
  • Microwave
  • Free-Standing Range
  • Refrigerator
  • Electric Water Heater

Flooring

  • Carpet
  • Tile
  • Wood
Heating
Central
Cooling
Central Air
Exterior & Lot

Features

  • Basketball Court
  • Exterior Steps

Construction

  • Masonry – Partial

Lot Features

  • Sprinkler - Automatic
  • Trees-Heavy
Lot Size
0.03 Acres

Parking

  • Assigned
  • Garage
Garage Spaces
2
Pool
Yes

Waterfront

  • Lake Front
Financial
Original List Price
$525,000
Price per Sq Ft
$342
Utilities
  • Electricity Available
Water Source
MUD,Public
Sewer
Public Sewer

Transaction History

2 records on file

Every recorded listing, sale, and lease at 40 N Interstate 35 Highway Unit #8C4, whoever represented it.

  1. ActiveListed 2026
    Asking rent: $2,995/moOriginal asking rent: $2,995/moMLS 7908084
    1. Listed · October 20, 2026$2,995/mo
  2. ActiveListed 2026
    Current price: $499,000Original list: $525,000MLS 7408657
    1. Listed · June 5, 2026$525,000
    2. Price changed · July 8, 2026$519,900
    3. Price changed · July 10, 2026$500,000
    4. Price changed · August 20, 2026$499,000

Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.

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Price & Listing History

Price Change with current price, original ask, and market time.

View Timeline
Current list
$499,000
Original list
$525,000
Price movement
$26K reduction
Listed / DOM
Jun 5, 2026 · 141 days

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
$561K
$418K
$425,000
2021
$417,900
-1.7% from prev
2022
$490,500
+17.4% from prev
2023
$560,956
+14.4% from prev
2024
$524,275
-6.5% from prev
2025
YearTaxesTotal AssessmentLandAdditions
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
5-Year Change23.4%

Virtual Tour

Virtual tour of 40 N Interstate 35 Highway Unit #8C4
Map showing 40 N Interstate 35 Highway Unit #8C4
40 N Interstate 35 Highway Unit #8C4
Directions

Zoned Schools

Austin ISD →

1 High School1 Middle School1 Elementary School

Austin

High SchoolGrades 9-12Zoned assignment

Martin

Middle SchoolGrades 6-8Zoned assignment

Mathews

ElementaryGrades K-5Zoned assignment

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.

Principal & interest
$2,742

Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.

20% ($100K)

Adjustable assumption - not a lending recommendation.

$499,000

Loan: $399K
Mortgage rate%
Payoff: ~2056
Rate source: Freddie Mac 30-year fixed average (PMMS via FRED), as of 2026-10-22
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Keenan Market Position

A sourced read on Downtown Austin pricing, timing, and property scale. No automated valuation claim.

List price

$499,000

Price per sqft

$342/sqft

Vs. Neighborhood guide reference price

Not available

Days on market

141 days

Original to current

$26K reduction

$525K original

Active inventory context

Ask for current inventory

Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 21, 2026.

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Frequently Asked Questions

How much is 40 N Interstate 35 Highway Unit #8C4?

40 N Interstate 35 Highway Unit #8C4 is listed at $499,000 with 2 bedrooms, 2 full bathrooms, 1,459 square feet, 0.03-acre lot.

What school district is 40 N Interstate 35 Highway Unit #8C4 in?

40 N Interstate 35 Highway Unit #8C4 is zoned for Austin ISD with assigned schools: Mathews (elementary), Martin (middle), Austin (high). School assignments should be verified directly with the district.

What are the property details for 40 N Interstate 35 Highway Unit #8C4?

40 N Interstate 35 Highway Unit #8C4 is a Residential built in 1983 featuring 2 bedrooms, 2 full bathrooms, 1,459 square feet, 0.03-acre lot.

What is the price per square foot at 40 N Interstate 35 Highway Unit #8C4?

40 N Interstate 35 Highway Unit #8C4 is priced at $342 per square foot across 1,459 sqft.

What are the property taxes for 40 N Interstate 35 Highway Unit #8C4?

The most recent annual property tax for 40 N Interstate 35 Highway Unit #8C4 is $8,391. 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.

How should a buyer estimate the monthly payment for 40 N Interstate 35 Highway Unit #8C4?

This page does not assume a mortgage rate or publish a monthly payment for 40 N Interstate 35 Highway Unit #8C4. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.

How does 40 N Interstate 35 Highway Unit #8C4 compare with other homes in Downtown Austin?

As of Oct 21, 2026, 40 N Interstate 35 Highway Unit #8C4 is offered at $499,000. The current MLS snapshot shows 208 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.

When was 40 N Interstate 35 Highway Unit #8C4 built?

40 N Interstate 35 Highway Unit #8C4 was built in 1983 (43 years ago). Buyers should budget for potential updates to major systems.

What is the water access at 40 N Interstate 35 Highway Unit #8C4?

The MLS listing marks 40 N Interstate 35 Highway Unit #8C4 as waterfront. The reported waterfront feature is Lake Front. Confirm shoreline access, dock rights, and floodplain status from current property documents during due diligence.

Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.

What should buyers know about Downtown Austin?

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.

  • Downtown Austin area specialists
  • Austin ISD zoning
  • #1 Austin Board of Realtors Team 2024
  • 25+ years Austin luxury real estate

Source: Keenan Group at Compass Real Estate, #1 Austin Board of Realtors Team (2024)

Why Choose the #1 Austin Board Team for Downtown Austin

#1 ABoR Team 20241,000+ Career SalesCompass Luxury Collection Specialist

#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

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Listing courtesy of Unlock MLS as distributed by MLS GRID. Information deemed reliable but not guaranteed. Neither the listing broker nor Compass RE Texas, LLC shall be responsible for any typographical errors, misinformation, or misprints.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS, as amended from time to time.

Based on information submitted to MLS GRID as of 10/20/2026, 9:05:29 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Last updated: 10/20/2026, 9:05:29 PM

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