Active Listing  ·  259 days on market

17545 E Reed Parks Rd #5

Jonestown, TX 78645
$565,000
2 Bed 3 Bath 2,392 sqft $236/sqft Built 2006 0.95 acres 2-Car Garage Pool Waterfront Villas At Harbor Marina Condom

Experience the allure of waterfront living without the typical maintenance or cost associated with it! This stunning gated condominium offers breathtaking views of Lake Travis from nearly every room. Featuring two master suites, each equipped with a wet bar/coffee station and a stackable washer and dryer, this property is FULLY FURNISHED and furniture is negotiable for your convenience. The layout is thoughtfully designed, with bedrooms situated on the 1st and 3rd floors, while the main level hosts the living area, kitchen, dining space, and a powder bath. Each floor boasts its own private balcony, perfect for enjoying the picturesque surroundings. Conveniently located just steps away, Jones Harbor Marina is where you can dock your boat. Seller has a large 36' boat slip that can convey with the property sale. There is a monthly rate charge for the boat slip. Residents of Villas at Harbor Marina can also enjoy access to a picnic gazebo near the water. Additionally, Jonestown residents benefit from amenities at Jones Brothers Park, which features boat ramps, tennis courts, and a playground. This tranquil retreat promises a serene escape, welcoming you with warmth and comfort from the moment you step inside.

At $236/sqft, this home is 30% 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

17545 E Reed Parks Rd #5, Jonestown, TX 78645

Property Details

Price $565,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 2,392 sqft
Lot Size 0.95 acres (41,307.95 sqft)
Year Built 2006
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Villas At Harbor Marina Condom
County Travis
Zip Code 78645
$/sqft $236/sqft
Days on Market ,
HOA $850/Quarterly
Annual Tax Est. $10,888.06
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT215554990
List Date January 6, 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
17545 Reed Park Rd #2
VILLAS AT HARBOR MARINA CONDOMINIUM
$549,900 $247 3 bd / 3 ba 2,225 sqft , 2026-06-09
17308 E Darleen Dr
Trails End Resub 04
$424,900 $238 3 bd / 2 ba 1,786 sqft , 2026-08-14

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
$2,712/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
$113,000
20% conventional investment loan

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

Estimated Gross Rent+$2,712
Principal + Interest−$3,083
Property Tax (~2.1% TX avg)−$989
Insurance (~0.5%)−$235
Est. Monthly Cash Flow $-1,595

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 May 6, 2026.

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