Active Listing  ·  18 days on market

18221 Ledge St

Jonestown, TX 78645
$239,900
2 Bed 1 Bath 1,104 sqft $217/sqft Built 1966 0.21 acres Pool Jonestown Hills

Your second chance is here! This Jonestown gem is back on the market after the previous buyer withdrew, with no requests for repairs or a price reduction. ~ PEACE, PRIVACY + LAKE TRAVIS LIVING. ~ 2.5% assumable interest rate available. No HOA. This charming Jonestown bungalow is nestled in an International Dark Sky Community, where star-filled nights are part of the experience. Just minutes from Lake Travis, this gem is made for slow mornings on the back deck, dinner under the trees, and settling into a getaway with peace and quiet while keeping the outdoors within easy reach. ~ Inside the recently renovated home, character blends with function as the living and kitchen spaces flow easily together, complete with a breakfast bar and flexible space perfect for a writing nook, home office, or creative retreat. Out back, the landscape reveals its Hill Country character with a naturally terraced yard that steps gently through the property beneath mature trees. ~ When adventure calls, Lake Travis and nearby parks offer your choice of boating, kayaking, fishing, swimming, picnicking, or exploring the trails. Then come home, settle under the trees, and enjoy the quiet. ~ Turnkey and ready for a primary residence, weekend escape, or vacation rental. Updates include double-pane windows, appliances, tankless water heater, renovated bathroom, flooring, interior and exterior paint, roof refresh + more. Contact listing agent for the complete list of upgrades. Private tours are available today.

At $217/sqft, this home is 35% 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

18221 Ledge St, Jonestown, TX 78645

Property Details

Price $239,900
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 1,104 sqft
Lot Size 0.21 acres (9,178.09 sqft)
Year Built 1966
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Jonestown Hills
County Travis
Zip Code 78645
$/sqft $217/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $5,455.87
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245828043
List Date September 5, 2026
Elementary School CC Mason
Middle School Running Brushy
High School Leander High
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
10600 Turkey Bend Dr
Panoramic Hills
$200,000 $172 2 bd / 2 ba 1,163 sqft , 2026-03-28
11004 Elm St
Jonestown Hills Unit 3
$280,000 $197 3 bd / 2 ba 1,420 sqft , 2026-08-28

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
$1,152/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
$47,980
20% conventional investment loan

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

Estimated Gross Rent+$1,152
Principal + Interest−$1,309
Property Tax (~2.1% TX avg)−$420
Insurance (~0.5%)−$100
Est. Monthly Cash Flow $-677

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 20, 2026.

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