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.
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
- $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
Facts & Features
Interior
- Breakfast Bar
- Elevator
- Entrance Foyer
- In-Law Floorplan
- No Interior Steps
- Primary Bedroom on Main
- Walk-In Closet(s)
- Built-In Oven(s)
- Convection Oven
- Dishwasher
- Disposal
- Electric Cooktop
- Electric Range
- Microwave
- Free-Standing Range
- Refrigerator
- Electric Water Heater
- Carpet
- Tile
- Wood
- Heating
- Central
- Cooling
- Central Air
Exterior & Lot
- Basketball Court
- Exterior Steps
- Masonry – Partial
- Sprinkler - Automatic
- Trees-Heavy
- Lot Size
- 0.03 Acres
- Assigned
- Garage
- Garage Spaces
- 2
- Pool
- Yes
- 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.
- ActiveListed 2026Asking rent: $2,995/moOriginal asking rent: $2,995/moMLS 7908084
- Listed · October 20, 2026$2,995/mo
- ActiveListed 2026Current price: $499,000Original list: $525,000MLS 7408657
- Listed · June 5, 2026$525,000
- Price changed · July 8, 2026$519,900
- Price changed · July 10, 2026$500,000
- 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.
- 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
| 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 |
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Zoned Schools
Austin
Martin
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, 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
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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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