Active Listing  ·  21 days on market

17234 E Reed Parks Rd

Jonestown, TX 78645
$599,900
4 Bed 3 Bath 2,139 sqft $280/sqft Built 1965 4.23 acres Pool Chas Heartt - Jeremiah Gregg

Vintage 1960's retro home in a forest along scenic flowing South Gregg Creek. A pristine charming natural setting with adjoining canyon wall, creek bottom, towering trees, and sloping hill in back. Simply a sanctuary of native wildlife. Main level has 3-Bedrooms, 1.5-baths, split-level dining and living areas, plus large kitchen and breakfast area. 2nd living den, flex or craft room-study-office with stairs to upper level primary bedroom with closet, full bath, and balcony. This upstairs area is very versatile for your choice as gameroom, guest suite, office, fitness. New vinyl plank flooring and carpeted bedrooms. Acclaimed local Lago Vista schools. Nearby shopping in Lago Vista 2-grocery stores Lowes and Brookshire Brothers. 15-minutes to Cedar Park big box stores, hospitals, clinics, restaurants galore. Jonestown has a few bistrots, cafes, pubs, coffee houses, and 55-acre Jones Brothers waterfront park on Lake Travis with 3-boat ramps, basketball/tennis courts, softball diamond, pavilions, sand-lot volleyball, beach, boating, fishing, swimming. On Reed Park Rd is Jones Harbor Marina with boatslips for lease as available.

At $280/sqft, this home is 16% below the Jonestown active market average of $335/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

17234 E Reed Parks Rd, Jonestown, TX 78645

Property Details

Price $599,900
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,139 sqft
Lot Size 4.23 acres (184,258.8 sqft)
Year Built 1965
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Chas Heartt - Jeremiah Gregg
County Travis
Zip Code 78645
$/sqft $280/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $5,664
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240896070
List Date September 1, 2026
Elementary School Lago Vista
Middle School Lago Vista
High School Lago Vista
School District ,

Luke Allen (TREC #788149) has deep knowledge of Jonestown and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

Schedule a Call →

Similar Homes on the Market in Jonestown

Comparable Listings Right Now

Homes currently for sale in Jonestown with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
17545 Reed Park Rd #2
VILLAS AT HARBOR MARINA CONDOMINIUM
$549,900 $247 3 bd / 3 ba 2,225 sqft , 2026-06-09
8614 Tip Top Dr
Grandview Terrace Unit 01
$699,000 $279 3 bd / 2 ba 2,505 sqft , 2026-05-28
18302 W Rim Dr
Webb H E 01
$699,000 $499 3 bd / 2 ba 1,402 sqft , 2026-09-22

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$2,880/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$119,980
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$2,880
Principal + Interest−$3,274
Property Tax (~2.1% TX avg)−$1,050
Insurance (~0.5%)−$250
Est. Monthly Cash Flow $-1,694

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Jonestown, TX

Jonestown sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on September 18, 2026.

📞 (254) 718-2567 [email protected] More about Luke →