About This Home

The Chestnut plan is where style and functionality come together to create the best home for you and your household. With three bedrooms, two bathrooms, an open-concept layout, and an upgraded kitchen, the Chestnut has everything you could need and more! The expansive family room connects to the dining area and kitchen, creating a convenient layout for hosting and every day living. As soon as you drive up to the Chestnut, you will fall in love!

At $203/sqft, this home is priced 9% above the Jarrell active market average of $186/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

205 Paradise Canyon Dr, Jarrell, TX 76537

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Property Details

Price $264,900

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,305 sqft

Lot Size 0.11 acres (4,713.19 sqft)

Year Built 2026

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Cool Water Ph 2

County Williamson

Zip Code 76537

$/sqft $203/sqft

Days on Market ,

HOA $240/Annually

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction Yes

MLS # ACT244867006

List Date August 28, 2026

Elementary School Igo Elementary

Middle School Jarrell

High School Jarrell

School District ,

Have Questions About This Property?

Luke Allen (TREC #788149) has deep knowledge of Jarrell and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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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 28, 2026 $279,900

Current ask $264,900

▼ Reduced $15,000 (-5.4%) 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 Jarrell

Comparable Listings Right Now

Homes currently for sale in Jarrell 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

717 Taggart Trl
SCHWERTNER RANCH $265,000 $164 4 bd / 2 ba 1,613 sqft , 2025-03-28

320 Katie Elder Dr
Rio Lobo Ph 1 $265,000 $252 2 bd / 2 ba 1,053 sqft , 2026-08-07

129 Hatari Trl
Cool Water $263,990 $159 4 bd / 2 ba 1,658 sqft , 2026-01-12

120 Dagney Ct
Schwertner Ranch $267,935 $187 3 bd / 2 ba 1,434 sqft , 2026-09-21

124 Dagney Ct
Schwertner Ranch $260,935 $204 3 bd / 2 ba 1,280 sqft , 2026-07-19

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

$1,272/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

$52,980

20% conventional investment loan

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

Estimated Gross Rent+$1,272

Principal + Interest−$1,446

Property Tax (~2.1% TX avg)−$464

Insurance (~0.5%)−$110

Est. Monthly Cash Flow $-748

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 Jarrell, TX

Jarrell 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

About the Author

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 2, 2026.

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

205 Paradise Canyon Dr