Active Listing  ·  47 days on market

18202 W Reed Parks Rd

Jonestown, TX 78645
$824,403
4 Bed 4 Bath 3,024 sqft $273/sqft Built 2006 2.01 acres 2-Car Garage Pool Spanish Oak Spgs

Tucked away on 2.07 private acres, this exceptional Hill Country property offers privacy, flexibility, & breathtaking views. The 3-bedroom, 2.5-bath main home is complemented by a fully separate 1-bedroom, 1-bath guest apartment with its own private entrance, full kitchen, living room, laundry, & private deck, making it ideal for multigenerational living, long-term guests, or potential income opportunities.

Step inside the main home to soaring ceilings, abundant natural light, & sweeping Hill Country views. The open kitchen features stainless steel appliances, a gas range, & SS dishwasher (2024), & flows seamlessly into the dining & family room. The spacious primary suite is on the main level with dual vanities, dual walk-in closets, & a private ensuite bath. Upstairs you'll find two generously sized bedrooms connected by a versatile loft or study area.

The fully finished walk-out basement serves as a complete guest residence with its own full kitchen featuring SS dishwasher (2025), living area, bedroom, full bathroom, laundry, & private deck. Throughout the home you'll find hardwood, travertine, & stained concrete flooring with no carpet.

Recent updates include a dual-zone HVAC system, exterior fencing & yard improvements, approximately $10,000 in professional landscaping completed in October 2025, garage door opener (2024), updated exterior lighting (2026), & partial patio turf. Additional features include a gas fireplace, 2.5-car garage, Trex deck, security cameras, & storage shed.

The west-facing front keeps the backyard shaded in the evenings, making the expansive decks the perfect place to relax while taking in the Hill Country views. Enjoy your morning coffee overlooking the peaceful landscape or unwind after a long day in the beautifully landscaped backyard featuring a wet-weather creek, walking trail, & playground. With no HOA & located in the ETJ, this property offers the privacy, flexibility, & Hill Country lifestyle you've been searching for.

At $273/sqft, this home is 19% 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

18202 W Reed Parks Rd, Jonestown, TX 78645

Property Details

Price $824,403
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,024 sqft
Lot Size 2.01 acres (87,424.92 sqft)
Year Built 2006
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Spanish Oak Spgs
County Travis
Zip Code 78645
$/sqft $273/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,222.43
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242554888
List Date August 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.

Schedule a Call →

Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · August 6, 2026 $849,900
Current ask $824,403
Reduced $25,497 (-3.0%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
9504 Harbor Dr
Northlake Hills Sec 1 Resub Of
$825,000 $341 3 bd / 3 ba 2,419 sqft , 2026-03-13
8125 Joy Rd
Sandy Shores
$849,900 $241 4 bd / 3 ba 3,524 sqft , 2026-08-04
8503 Grandview Dr
South Jonestown Hills Unit 01
$849,999 $340 3 bd / 3 ba 2,499 sqft , 2026-05-07
8609 Nina Ln
South Jonestown Hills
$789,000 $255 4 bd / 4 ba 3,093 sqft , 2025-08-30
8211 Moon Rise Trl
Long Hollow Estates
$924,900 $288 4 bd / 4 ba 3,207 sqft , 2026-05-14

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
$3,957/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
$164,881
20% conventional investment loan

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

Estimated Gross Rent+$3,957
Principal + Interest−$4,499
Property Tax (~2.1% TX avg)−$1,443
Insurance (~0.5%)−$344
Est. Monthly Cash Flow $-2,329

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 21, 2026.

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