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Keenan Group#1 Austin Board of Realtors Team 2024

$585,000

2Beds
2Baths
1,459Sq Ft
0.03 acresLot

40 N Interstate 35 Unit #11B2, Austin, TX 78701

Reduced 4%$610,000
Downtown Austin·MLS# 8668457·Built 1983·115 days on market

2 bed, 2 bath, 1,459 sqft on 0.03 acres in Downtown Austin. Austin, TX 78701. $585,000. Austin ISD.

About This Home

*** Agent is also owner ** Welcome to the Towers of Town Lake, where resort-style amenities, expansive green space, and one of downtown Austin's most desirable locations come together to create an exceptional lifestyle.

This upper-floor residence offers 1,459 square feet with two bedrooms, two full bathrooms, and a thoughtfully designed split-bedroom floor plan that provides excellent separation of space. Floor-to-ceiling windows in the living room fill the home with natural light while showcasing beautiful downtown skyline views.

Situated behind a gated entrance on nearly seven acres of landscaped grounds, the Towers of Town Lake offers a rare sense of privacy and open space just minutes from downtown. Enjoy convenient access to the new Rainey Street Trailhead, connecting you to Lady Bird Lake, miles of hike-and-bike trails, parks, restaurants, entertainment, and the best of downtown Austin.

Residents enjoy an outstanding collection of amenities, including indoor and outdoor pools, a fitness center, beautifully maintained common areas, 24-hour concierge service, on-site management and maintenance staff, and two deeded parking spaces.

The homeowner's association is financially strong, with healthy reserve funding, ongoing capital improvements, and a comprehensive 15-year structural improvement plan that reflects a commitment to the property's long-term stewardship.

Offering significantly more living space than many newer downtown condominiums, combined with extensive amenities, generous green space, a gated setting, and an exceptional location, this residence presents a rare opportunity to enjoy downtown Austin living at an outstanding value.

Property Type
Residential
Year Built
1983
Lot Size
0.03 acres
Price / Sq Ft
$401
HOA
$1,145/mo
Garage
2 spaces
Pool
Yes

Listing information last updated September 16, 2026.

Listed by eXp Realty, LLC

MLS# 8668457 • Active

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

Highlights

Private pool and outdoor entertaining setup
2-car garage with additional parking capacity
Cedar Closet(s)
Ceiling Fan(s)
Chandelier
Granite Counters

Facts & Features

Interior

Features

  • Cedar Closet(s)
  • Ceiling Fan(s)
  • Chandelier
  • Granite Counters
  • Tile Counters
  • Crown Molding
  • Double Vanity
  • Elevator
  • High Speed Internet
  • Open Floorplan
  • Recessed Lighting
  • Sauna
  • Track Lighting
  • Walk-In Closet(s)
  • Wired for Sound

Appliances

  • Dishwasher
  • Disposal
  • Microwave
  • Free-Standing Electric Range
  • Refrigerator

Flooring

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

Features

  • Balcony
  • Basketball Court
  • Uncovered Courtyard
  • Lighting
  • Private Entrance

Construction

  • Stucco
  • Synthetic Stucco

Lot Features

  • Landscaped
  • Trees-Sparse
  • Views

Fencing

  • Fenced
  • Full
  • Gate
  • Security

Foundation

  • Slab
Roof
Membrane
Lot Size
0.03 Acres

Parking

  • Garage
Garage Spaces
2
Pool
Yes

Waterfront

  • Lake Front
  • River Front
  • Waterfront
Financial
HOA Fee
$1,145 / mo
Original List Price
$610,000
Price per Sq Ft
$401
Utilities
  • Cable Available
  • Electricity Available
  • Electricity Connected
  • High Speed Internet
  • Natural Gas Not Available
  • Phone Available
  • Sewer Connected
  • Water Connected
Water Source
Public,Well
Sewer
Public Sewer

Transaction History

2 records on file

Every recorded listing, sale, and lease at 40 N Interstate 35 Unit #11B2, whoever represented it.

  1. ActiveListed 2026
    Current price: $585,000Original list: $610,000MLS 8668457
    1. Listed · July 1, 2026$610,000
    2. Price changed · July 29, 2026$599,000
    3. Price changed · August 24, 2026$585,000
  2. ActiveListed 2026
    Asking rent: $3,400/moOriginal asking rent: $3,400/moMLS 7713740
    1. Listed · August 19, 2026$3,400/mo

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

Listed with current price, original ask, and market time.

View Timeline
Current list
$585,000
Original list
$610,000
Price movement
$25K reduction
Listed / DOM
Jul 1, 2026 · 115 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 Unit #11B2
Map showing 40 N Interstate 35 Unit #11B2
40 N Interstate 35 Unit #11B2
Directions

Zoned Schools

Austin ISD →

1 High School1 Middle School1 Elementary School

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
$3,215
HOA dues
$1,145

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 2026-10-16T09:07:17.054+00:00; normalized from monthly dues.

20% ($117K)

Adjustable assumption - not a lending recommendation.

$585,000

Loan: $468K
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

$585,000

Price per sqft

$401/sqft

Vs. Neighborhood guide reference price

Not available

Days on market

115 days

Original to current

$25K reduction

$610K original

Active inventory context

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Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 16, 2026.

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Frequently Asked Questions

How much is 40 N Interstate 35 Unit #11B2?

40 N Interstate 35 Unit #11B2 is listed at $585,000 with 2 bedrooms, 2 full bathrooms, 1,459 square feet, 0.03-acre lot.

What school district is 40 N Interstate 35 Unit #11B2 in?

40 N Interstate 35 Unit #11B2 is zoned for Austin ISD with assigned schools: Mathews (elementary), O Henry (middle), Austin (high). School assignments should be verified directly with the district.

What are the property details for 40 N Interstate 35 Unit #11B2?

40 N Interstate 35 Unit #11B2 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 Unit #11B2?

40 N Interstate 35 Unit #11B2 is priced at $401 per square foot across 1,459 sqft.

What are the property taxes for 40 N Interstate 35 Unit #11B2?

The most recent annual property tax for 40 N Interstate 35 Unit #11B2 is $11,173. 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 Unit #11B2?

This page does not assume a mortgage rate or publish a monthly payment for 40 N Interstate 35 Unit #11B2. 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 Unit #11B2 compare with other homes in Downtown Austin?

As of Oct 16, 2026, 40 N Interstate 35 Unit #11B2 is offered at $585,000. 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 Unit #11B2 built?

40 N Interstate 35 Unit #11B2 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 Unit #11B2?

The MLS listing marks 40 N Interstate 35 Unit #11B2 as waterfront. The reported waterfront feature is Lake Front, River Front, Waterfront. Confirm shoreline access, dock rights, and floodplain status from current property documents during due diligence.

What is the community structure at 40 N Interstate 35 Unit #11B2?

The MLS listing reports HOA or association dues of $1,145 monthly for 40 N Interstate 35 Unit #11B2. 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.

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

Unlock MLSMLS GRID

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 10/16/2026, 4:07:17 AM. 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: 10/16/2026, 4:07:17 AM

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