Active Listing  ·  207 days on market

205 Old Austin Hwy

Johnson City, TX 78636
$449,000
3 Bed 2 Bath 1,360 sqft $330/sqft Built 1956 0.41 acres Pool Annie Blum

Welcome to your Hill Country escape in the heart of Johnson City! This beautifully maintained property offers the perfect blend of comfort, charm and income potential as a short-term rental. The home features an open-concept floor plan with abundant natural light, spacious living and dining areas, and a well-appointed kitchen designed for both everyday living and guest stays. Generously sized bedrooms provide comfortable accommodations, creating a welcoming environment for visitors. The outdoor space is designed for relaxation and entertaining, complete with a dedicated firepit area and seating - perfect for enjoying evenings under the Texas sky. The lot offers additional space to unwind while maintaining a low-maintenance setup ideal for STR operations. Conveniently located just minutes from local wineries, dining and attractions, with easy access to the Texas Hill Country Wine Trail as well as Fredericksburg and Austin, this property is well positioned to attract consistent guest traffic. Whether used as a personal getaway or an investment property, this home offers flexibility and strong income-producing potential. Currently operating as a short-term rental - additional information available upon request.

At $330/sqft, this home is 57% below the Johnson City active market average of $761/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

205 Old Austin Hwy, Johnson City, TX 78636

Property Details

Price $449,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,360 sqft
Lot Size 0.41 acres (17,750.7 sqft)
Year Built 1956
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Annie Blum
County Blanco
Zip Code 78636
$/sqft $330/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT224501692
List Date March 31, 2026
Elementary School Lyndon B Johnson
Middle School Lyndon B Johnson
High School Lyndon B Johnson (Johnson City ISD)
School District ,

Luke Allen (TREC #788149) has deep knowledge of Johnson City 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 Johnson City

Comparable Listings Right Now

Homes currently for sale in Johnson City 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
402 E Ash Dr
Johnson City
$400,000 $250 3 bd / 2 ba 1,600 sqft , 2026-05-09
102 Ranchview Dr
Johnson City
$364,000 $293 2 bd / 2 ba 1,244 sqft , 2026-08-31
99 Old Austin Hwy
Annie Blum
$325,000 $317 2 bd / 1 ba 1,025 sqft , 2026-10-12
504 N Ave N None
None
$575,000 $354 3 bd / 2 ba 1,623 sqft , 2026-07-13
112 Brianna Cir
Creek View Estates, Sec 2
$310,000 $256 3 bd / 2 ba 1,213 sqft , 2026-09-18

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
$2,155/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
$89,800
20% conventional investment loan

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

Estimated Gross Rent+$2,155
Principal + Interest−$2,450
Property Tax (~2.1% TX avg)−$786
Insurance (~0.5%)−$187
Est. Monthly Cash Flow $-1,268

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 Johnson City, TX

Johnson City 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 April 1, 2026.

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