40 N Interstate 35 Highway Unit #8D3, Austin, TX 78701

Located in the Towers of Town Lake on the south side of booming Rainey St. Town Lake is only a few steps away as well as the newest 44 East Tower with 4 more buildings coming. This unit was beautifully redone in 2019 (no comps compare) with all new cabinets, countertops, appliances, flooring, paint etc. This is one of the few units in the building with southern views of Lady Bird Lake. Conveniently located walking distance to Rainey St District, but away from the bars and traffic. The Towers community offers many great features such as 24 hour concierge service and friendly onsite management, gated garage parking, a library piano lounge, billiards room, fitness center with racquetball court, weight room, indoor heated pool, sauna and spa, and an outdoor resort-style pool. This meticulously maintained unit is a 2 bed, 2 bath condo located on the 8th floor. The open floor plan design allows for an easy transition from the kitchen into the dining space and main living room. The large windows create a bright and airy feeling throughout. The primary bedroom features a large walk in closet with a spacious bathroom providing double vanities and ample storage. Owner Occupant buyers only with a pet limit of 2 per household and weight limit of 30lbs. Owner has paid the HOA special assessment. The roof on this unit was replaced in 2019. See docs for invoices on remodel. The Towers community is currently going through recladding (hence the special assessment). A beautifully redone exterior will be completed in 2022 as well as all new landscaping throughout.

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.