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Crystal Olenbush

512-344-6000
  • 40 N Interstate 35 Highway 5b2

  • $435,000 REDUCED
  • 2 Beds, 2 Bath, 1459 SQ. Feet, 0.03 Acres Residential Austin, TX 78701

Welcome to this bright, beautiful 2-bedroom, 2-bath condo in downtown Austin! Perched on the 5th floor, this unit offers stunning nighttime city views through floor-to-ceiling windows and a spacious private balcony. Inside, enjoy an expansive living area with wood floors, a roomy kitchen with stylish expresso cabinets and granite countertops. The primary suite includes a walk-in closet and an en-suite bathroom with a double vanity and walk-in shower. A full-size in-unit washer and dryer complete the package. Located in a full-amenity building with 24-hour concierge and security, indoor-heated pool, outdoor pool, sauna, hot tub, racquetball/basketball court, fitness center, game room w/billiards, 2 dedicated garage parking spots and guest parking. Just steps from the Roy and Ann Butler Hike and Bike Trail, Ladybird Lake, and World-Famous Rainey Street. Don’t miss your chance to live in one of the city’s most vibrant neighborhoods—schedule a showing today!

View More Properties in the 78701 Zip Code. View More Properties in the Austin School District.

Essential Information

  • MLS® #4862996
  • Price$435,000
  • Bedrooms2
  • Bathrooms2.00
  • Full Baths2
  • Square Footage1,459
  • Acres0.03
  • Year Built1983
  • TypeResidential
  • Sub-TypeCondominium
  • StatusActive

Community Information

  • Address40 N Interstate 35 Highway 5b2
  • SubdivisionTowers Town Lake Condo Amd
  • CityAustin
  • CountyTravis
  • StateTX
  • Zip Code78701

Amenities

  • AmenitiesConcierge
  • UtilitiesElectricity Available
  • ParkingGarage, Covered
  • # of Garages2
  • ViewCity
  • WaterfrontNone
  • Has PoolYes

Features

Pool, Trails/Paths, Common Grounds/Area, Concierge, Fitness Center, Game Room, Internet Access, Kitchen Facilities, Library, Property Manager On-Site, Racquetball, Sauna, Sport Court(s)

Interior

  • InteriorTile, Wood
  • HeatingCentral
  • CoolingCentral Air
  • FireplacesNone
  • # of Stories1
  • StoriesOne

Appliances

Dryer, Dishwasher, Free-Standing Range, Disposal, Microwave, Washer, Stainless Steel Appliance(s)

Exterior

  • Exterior FeaturesBalcony
  • WindowsBlinds
  • RoofConcrete
  • ConstructionMasonry
  • FoundationSlab

Lot Description

Views, Backs to Greenbelt/Park, Private

School Information

  • DistrictAustin ISD
  • ElementaryMathews
  • MiddleO Henry
  • HighAustin

Map & Directions

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Price Change History for 40 N Interstate 35 Highway 5b2, Austin, TX (MLS® #4862996)

Date Details Price Change
Price Reduced $435,000 $40,000 (8.42%)
Price Reduced $475,000 $20,000 (4.04%)
Price Reduced $495,000 $15,000 (2.94%)
Price Reduced (from $525,000) $510,000 $15,000 (2.86%)

Property Listed by: Amazing Realty Llc

The information being provided is 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.

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from March 5th, 2026 at 8:30pm CST. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

All information provided is deemed reliable but is not guaranteed and should be independently verified.