40 N Interstate Highway 35 Hwy #1B3, Austin, TX, 78701
About This Home
Towers of Town Lake delivers resort-caliber amenities rarely matched in urban Austin: indoor and outdoor pools, hot tub and spa, fitness center, racquetball court, resident lounges, game room, snack lounge, and concierge service — all within a gated, professionally managed community. This residence includes two designated parking spaces and a private storage unit directly adjacent to the condo. Rare ground-floor residence spanning 2,452 square feet with four bedrooms plus a dedicated library/study — a scale and flexibility genuinely uncommon in downtown Austin condo living. Living, dining, and work areas connect naturally, creating a residence that feels both expansive and purposefully functional. Ground-floor positioning is a rare distinction here. Direct outdoor access, zero elevator dependency, and seamless connection to beautifully landscaped grounds deliver convenience, privacy, and indoor-outdoor ease that sets this residence meaningfully apart. The location is unmatched. Steps from Lady Bird Lake and the Hike-and-Bike Trail. Minutes from Rainey Street, downtown Austin dining, entertainment, and major employers. Airport easily accessible. Towers of Town Lake are among the rarest offerings in Austin's luxury market.
Getting Around
Very Walkable
Good Transit
Biker's ParadiseSchools
Construction
Condition
- Property condition: Resale
- Year built: 1983
Materials
- Foundation: Slab
- Roof: Flat Tile
Type & Style
- Home type: Condo
- Property subType: Condominium
Interior
Appliances
- Appliances included: Dishwasher,Microwave,Oven,Free-Standing Range
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 4
Features
- Bookcases,Breakfast Bar,Built-in Features,Ceiling Fan(s),Double Vanity,Electric Dryer Hookup,Entrance Foyer,No Interior Steps,Pantry,Primary Bedroom on Main,Walk-In Closet(s)
- Window features: Drapes
- Flooring: Carpet,Marble,Wood
- Fireplace features: None
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total interior livable area: 2,452 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 02010402160010
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Pool features: None
- Patio & porch: Covered,Patio
- Exterior features: None
- Spa features: Hot Tub,In Ground
- Fencing: Perimeter, Security
- Has view: Yes
- View description: Lake,River
- Has water view: Yes
- Water view: Lake,River
- On waterfront: Yes
- Waterfront features: Lake Front
- Waterbody name: Lady Bird Lake
Lot
- Lot size: 1,916 sqft
- Features: See Remarks
Parking
- Total spaces: 2
- Parking features: Garage
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hail
- Tornado
- Heat Wave
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters Across Texas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,144 | $49,728 |
| Home Insurance * | $407 | $4,884 |
| Property Taxes | $894 | $10,728 |
| Electricity | $269 | $3,230 |
| Total | $5,714 | $68,568 |
Income You'd Need if You Spent...
Texas FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-06 | Listed for sale | $819,700 |
View on Zillow