2 bed, 2 bath, 1,533 sqft on 0.03 acres in Downtown Austin. Austin, TX 78701. $524,500. Austin ISD.
About This Home
Beautiful downtown lake-view property, open floor plan, bright and spacious. Professionally renovated two-bedroom condo with two full baths. The generously sized unit is great for entertaining, skyline viewing and enjoying access to downtown culture and night life. Centrally located with easy access to all major highways. Spectacular sunsets right from the balcony, trail access, water sports, bat viewing and immediate access to downtown restaurants, museums, nightlife, festivals, music, entertainment and activities. Rich in amenities such as indoor/outdoor pool with hot tub, 24 hr. security and concierge, weight room, exercise room, dry sauna, steam shower, half basketball/racquetball court, pool/ping-pong room, library space, piano room, meeting room, laundry service pickup, guest parking and lovely spacious grounds. Enter through East or West access gate, call button available to call the front desk, you must sign in at front desk with license plate number. May satisfy requirements for a 1031 Exchange as currently there is a lease in place. Currently leased through April 17, 2027. Must owner occupy, at the end of current lease.
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
- HOA
- $1,203.41/mo
- Garage
- 2 spaces
- Pool
- Yes
Listing information last updated September 12, 2026.
Listed by Southwest Realty Advisors, LLC
MLS# 5653121 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Breakfast Bar
- Ceiling Fan(s)
- In-Law Floorplan
- Multiple Dining Areas
- Open Floorplan
- Primary Bedroom on Main
- Recessed Lighting
- Stackable W
- D Connections
- Walk-In Closet(s)
- Built-In Oven(s)
- Dishwasher
- Disposal
- Electric Cooktop
- Exhaust Fan
- Microwave
- Washer
- Dryer Stacked
- Electric Water Heater
- Tile
- Vinyl
- Heating
- Central,Electric
- Cooling
- Central Air,Electric
Exterior & Lot
- Balcony
- Boat Ramp
- Stucco
- Curbs
- Waterfall
- Fenced
- Wrought Iron
- Slab
- Covered
- Patio
- Roof
- Flat Tile,Mixed
- Lot Size
- 0.03 Acres
- Covered
- Gated
- Open
- Reserved
- Garage Spaces
- 2
- Pool
- Yes
- Lake Front
- River Front
- Waterfront
Financial
- HOA Fee
- $1,203 / mo
- Original List Price
- $569,000
- Price per Sq Ft
- $342
Utilities
- Electricity Connected
- High Speed Internet
- Natural Gas Not Available
- Sewer Connected
- Water Connected
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
2 records on file
Every recorded listing, sale, and lease at 40 N Interstate 35 Unit #6D3, whoever represented it.
- ActiveListed 2026Current price: $524,500Original list: $569,000MLS 5653121
- Price changed · February 26, 2026$539,000
- Price changed · June 26, 2026$524,500
- LeasedApril 7, 2025Asking rent: $2,800/moMLS 4509028
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
- $524,500
- Original list
- $569,000
- Price movement
- $44.5K reduction
- Listed / DOM
- Jan 12, 2026 · 285 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 |
Virtual Tour

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 2026-10-16T11:07:26.866+00:00; normalized from monthly dues.
20% ($105K)
Adjustable assumption - not a lending recommendation.
$524,500
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Keenan Market Position
A sourced read on Downtown Austin pricing, timing, and property scale. No automated valuation claim.
List price
$524,500
Price per sqft
$342/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
285 days
Original to current
$44.5K reduction
$569K 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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