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40 N Interstate 35 3D3Austin, TX 78701

For Sale

$499,000

Smart Buyer Rebate $4,970

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 August 22, 2025

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Source: ACTRIS #1117705

Listing Facts

  • TypeCondo
  • NeighborhoodDowntown Austin
  • Bedrooms2
  • Bathrooms2
  • Days on Prevu32
  • HOA/Maint. Fees$1,200/month
  • Taxes$11,143.76/year
  • Size1,533 sqft
  • Price per sqft$326

Amenities

  • Dishwasher
  • Private Outdoor Space
  • Air Conditioning
  • Parking
  • Swimming Pool
  • Fitness Center

Location

Mortgage Calculator

Listing History

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

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.

Full MLS Disclaimers

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.