Located in a premier location with convenient access to downtown and Rainey Street, this 2-bedroom, 2-bathroom condo offers a turnkey lifestyle in the heart of Austin. Bamboo floors run throughout the open living room with a wall of sliding glass doors that lead to a spacious balcony, allowing plenty of natural light to enter the residence. The kitchen boasts stainless-steel appliances and ample cabinetry for storage. The primary bedroom features a walk-in closet and an en-suite bathroom with dual sinks, a water closet, and a built-in linen closet. The unit also has in-unit laundry. One of the first condo buildings in Austin, Towers of Town Lake is home to highly sought after amenities including 24-hour concierge service, a fitness center with a basketball court, a sauna, resort-style indoor and outdoor pools, a billiards room, well-maintained common areas, and a conference room. Easily explore the Hike-and-Bike Trail and enjoy the exceptional sights, restaurants, and entertainment both downtown and in East Austin. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.
Listed by Andrew Senter
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License #659815
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Moreland Properties
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(512) 480-0848
Last updated January 22, 2026
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Source: ACTRIS #1117705
Listing Facts
TypeCondo
NeighborhoodDowntown Austin
Bedrooms2
Bathrooms2
Days on Prevu177
HOA/Maint. Fees$1,200/month
Taxes$11,143.76/year
Size1,533 sqft
Price per sqft$274
Amenities
Dishwasher
Private Outdoor Space
Air Conditioning
Parking
Swimming Pool
Fitness Center
Location
Mortgage Calculator
Listing History
01/22/2026
Price Decreased
$420,000
12/29/2025
Price Decreased
$430,000
12/15/2025
Price Decreased
$447,000
09/30/2025
Price Decreased
$460,000
09/09/2025
Price Decreased
$475,000
08/22/2025
Price Decreased
$499,000
08/05/2025
Listed by Moreland Properties
$510,000
Property Details for 40 N Interstate 35 3D3
Association
Amenities
Community Features: See Remarks, Clubhouse, Concierge, Conference/Meeting Room, Courtyard, Fitness Center, Pool, Sauna, Spa/Hot Tub, Sport Court(s)/Facility
Fees
Association Fee: $1,200.00 Monthly
Association Fee Includes: See Remarks, Electricity
General
Association Name: Somerset
Exterior
Construction
Property Attached: Yes
Property Condition: Resale
Roof: See Remarks
Window Features: Window Treatments
Year Built: 1983
Construction Materials: See Remarks
Exterior Features: Balcony, Dog Run
Features
Direction Faces: North
Patio And Porch Features: Covered, Patio, Terrace
Pool Features: See Remarks, Indoor, Outdoor Pool, Waterfall
Pool Private: Yes
View: Pool
Measurements
Lot Size Acres: 0.02
Lot Size Area: 0
Lot Size Square Feet: 1,197
Financial
Taxes
Parcel Number: 02010402160041
Tax Annual Amount: $11,143.76
Tax Assessed Value: $562,301.00
Tax Year: 2025
Interior
Features
Appliances: Built-In Electric Range, Built-In Oven(s), Dishwasher, Microwave, Stainless Steel Appliance(s), Vented Exhaust Fan
Flooring: Bamboo, Tile, Wood
Interior Features: Breakfast Bar, Ceiling Fan(s), Double Vanity, Primary Bedroom On Main, Recessed Lighting
Spa Features: See Remarks, Hot Tub
Measurements
Living Area: 1,533
Living Area Source: Public Records
Rooms
Bathrooms Full: 2
Bathrooms Total Integer: 2
Bedrooms Total: 2
Main Level Bedrooms: 2
Other
Features
Accessibility Features: Accessible Elevator Installed
Location
Subdivision Name: Towers Town Lake Condo Amd
Tax Block: D
Tax Lot: 3D3
Parking
Parking
Covered Spaces: 2
Garage Spaces: 2
Garage: Yes
Parking Features: Garage
Parking Total: 2
Schools
Elementary School
Elementary School: Mathews
Elementary School District: Austin ISD
High School
High School: Austin
High School District: Austin ISD
Middle or Junior School
Middle Or Junior School: O Henry
Middle Or Junior School District: Austin ISD
Utilities
Equipment
Cooling: Ceiling Fan(s), Central Air
Heating: Central
Sewer: Public Sewer
Utilities: Electricity Connected, Sewer Connected, Water Connected
Water Source: Public
Frequently Asked Questions
How many bedrooms and bathrooms does this condo have?
There are 2 bedrooms and 2 bathrooms in this condo at 40 N Interstate 35 3D3.
What schools are nearby to 40 N Interstate 35 3D3?
Nearby schools include the Mathews Elementary School, O Henry Middle School, and Austin High School.
Does this condo have parking?
Yes, there are 2 parking spaces available for 40 N Interstate 35 3D3.
What are the annual taxes for 40 N Interstate 35 3D3?
Annual taxes for this condo are estimated at $11,143.
How does 40 N Interstate 35 3D3 compare to other condos in Downtown Austin?
This condo is listed 65% below the average price for condos in Downtown Austin and has been on the market for 91 more days than the typical home in this area.
What building or home owners association is the condo part of?
This condo is part of the Somerset home owners association.
What is the square footage on this condo?
According to the MLS, this listing is 1,533 sqft.
40 N Interstate 35 3D3 is a 2-bedroom, 2-bath condo for sale in Austin TX 78701. Available on Prevu for 177 days at $420,000. This includes a recent price decrease of $10,000. This residence features 1,533 square feet of living space, located in Downtown Austin. The median listing price for condos in this area is $755,000. Nearby schools include Mathews Elementary School, O Henry Middle School, and Austin High School. Additional amenities include private outdoor space, dishwasher, air conditioning, fitness center, parking, and swimming pool. View other condo listings in Austin.
Based on information from ACTRIS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.
