Active Listing  ·  82 days on market

17309 Northlake Hills Dr

Jonestown, TX 78645
$1,125,000
3 Bed 4 Bath 3,065 sqft $367/sqft Built 2007 1.19 acres 3-Car Garage Pool Northlake Hills Sec 02

Commanding panoramic views of Lake Travis and the Hill Country define this custom residence, perched on one of the finest homesites in gated Northlake Hills. Built into the hillside, the plan is inverted by design: a stone stair ascends to the entry, with living, dining, kitchen, and the primary suite on the upper level to capture the full sweep of the lake — every front-facing room frames the water. Across 3,065 square feet: 3 bedrooms, 3.5 baths, a dedicated executive office/flex guest suite, and hardwood floors throughout. The light-filled great room is anchored by a fireplace and opens through a wall of windows and French doors to expansive covered patios. The formal dining room is sited to share that view — from the table, the sightline carries through the arched, beamed opening and across the great room to the cove beyond. The chef's kitchen features an oversized quartzite island with gas cooktop, built-in stainless appliances, custom cabinetry, and an adjoining breakfast area with window seating. The primary suite looks out to the lake, with a spa-inspired bath where the view reaches into the shower. A central stairwell, lit from above by a skylight, anchors the home and separates the living areas from the private quarters: two bedrooms joined by a Jack-and-Jill bath, and the office with its own covered balcony. Below, the game and media room walks out to the resort-style backyard, where a sparkling pool is complemented by a covered cabana with full outdoor kitchen and wood-burning pizza oven. Jones Harbor Marina is a short walk just outside the gate, with slip leases available subject to availability. Recent improvements include a new Class 4 impact-resistant roof. A rare vantage point on Lake Travis.

At $367/sqft, this home is priced 10% above the Jonestown active market average of $335/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

17309 Northlake Hills Dr, Jonestown, TX 78645

Property Details

Price $1,125,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 3,065 sqft
Lot Size 1.19 acres (51,879.96 sqft)
Year Built 2007
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Northlake Hills Sec 02
County Travis
Zip Code 78645
$/sqft $367/sqft
Days on Market ,
HOA $595/Annually
Annual Tax Est. $17,441.06
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237365554
List Date July 2, 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.

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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
18007 Crystal Cv
Northlake Hills Sec 01
$1,139,000 $311 4 bd / 4 ba 3,658 sqft , 2026-05-14
18000 Easy St
Gregg Point
$1,200,000 $501 4 bd / 3 ba 2,394 sqft , 2026-04-17
17307 E Darleen Dr
Trails End
$1,250,000 $589 3 bd / 2 ba 2,124 sqft , 2025-10-09
8211 Moon Rise Trl
Long Hollow Estates
$924,900 $288 4 bd / 4 ba 3,207 sqft , 2026-05-14
10314 W Darleen Dr
Trails End
$919,000 $440 4 bd / 2 ba 2,088 sqft , 2025-03-28

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
$5,400/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
$225,000
20% conventional investment loan

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

Estimated Gross Rent+$5,400
Principal + Interest−$6,140
Property Tax (~2.1% TX avg)−$1,969
Insurance (~0.5%)−$469
Est. Monthly Cash Flow $-3,178

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 14, 2026.

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