Active Listing  ·  15 days on market

2 Jasperwood Ct

Austin, TX 78738
$700,000
3 Bed 2 Bath 2,221 sqft $315/sqft Built 2001 0.18 acres 2-Car Garage Pool The Hills Lakeway Ph 03

With its beautiful homes, luxury amenities, and tight-knit community, the Hills of Lakeway is one of Lakeway's most sought after neighborhoods. Whether you’re a golf enthusiast, nature lover, or someone in search of an easy to maintain, upscale home in the Austin suburbs, this home checks all the boxes. The Hills is a 24/7 guard-gated community. Staffed security manages all entry and exit points around the clock, which keeps traffic to a minimum and gives residents a strong sense of privacy with the ability to take a leisurely stroll through this charming neighborhood, walk your dog or enjoy your daily jog. This is one of the most frequently cited reasons buyers choose The Hills over other Lakeway neighborhoods. It is home to The Hills Country Club, which features a Jack Nicklaus Signature golf course and is widely considered one of the finest private courses in the Austin area. There are multiple membership categories including golf, tennis, social, and fitness options. This gorgeous, all limestone home is a highly desirable single story with lovely wood flooring. The terrific floorplan includes 3 bedrooms and 2 bathrooms. Your wonderful, roomy kitchen is bathed in natural light. Equipped with double JennAir ovens, a wet bar and opening to the spacious living area, hosting a crowd is a breeze with effortless flow between the spaces. The living area has a cozy fireplace flanked by built-ins. Your large dining area provides ample room to entertain a crowd. Features include a serene Primary Suite which is smartly tucked away on one end of the home away from the secondary bedrooms and secondary bathroom. The suite includes a large walk-in closet, soaking tub, walk-in shower, dual vanity and incredible storage capacity. Fenced yard space for the family pet, no interior steps, a coveted side entry garage with workshop and bountiful storage inside the home and in the garage. The area’s beauty and tranquility are best experienced in person, so schedule your tour today.

At $315/sqft, this home is 19% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2 Jasperwood Ct, Austin, TX 78738

Property Details

Price $700,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,221 sqft
Lot Size 0.18 acres (7,810.31 sqft)
Year Built 2001
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision The Hills Lakeway Ph 03
County Travis
Zip Code 78738
$/sqft $315/sqft
Days on Market ,
HOA $775/Semi-Annually
Annual Tax Est. $13,069.31
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239566411
List Date July 20, 2026
Elementary School Lakeway
Middle School Hudson Bend
High School Lake Travis
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin 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 Austin

Comparable Listings Right Now

Homes currently for sale in Austin 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
2913 Chisholm Trl
Apache Shores 01 Instl
$700,000 $313 3 bd / 3 ba 2,236 sqft , 2026-04-09
17101 Feather Rock Trl
Brill Arno 02 Amd
$700,000 $236 3 bd / 3 ba 2,964 sqft , 2026-05-08
4416 Berkman Dr #B
Mueller House Condo Ame
$700,000 $431 3 bd / 2 ba 1,625 sqft , 2026-04-30
155 Sand Hills Ln
Belterra
$699,990 $237 4 bd / 3 ba 2,950 sqft , 2026-06-24
1011 Brodie St #8
BOULDIN CREEK COTTAGES AMEND
$699,950 $460 3 bd / 3 ba 1,521 sqft , 2026-06-25

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
$3,360/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
$140,000
20% conventional investment loan

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

Estimated Gross Rent+$3,360
Principal + Interest−$3,820
Property Tax (~2.1% TX avg)−$1,225
Insurance (~0.5%)−$292
Est. Monthly Cash Flow $-1,977

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 Austin, TX

Austin 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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