Active Listing  ·  38 days on market

205 Rowland Dr

Austin, TX 78745
$635,000
3 Bed 4 Bath 1,725 sqft $368/sqft Built 1964 0.17 acres Pool Greenwood Hills Sec 01

Welcome to 205 Rowland Drive, a beautifully renovated Austin residence that seamlessly blends modern style, comfort, and versatility. Thoughtfully designed, this exceptional home offers three spacious bedrooms and three-and-a-half bathrooms, creating a functional layout ideal for both everyday living and entertaining.

Upon entry, a welcoming hallway leads to the heart of the home, where the open-concept living and dining areas flow effortlessly into a stunning kitchen. Anchored by an oversized island, the kitchen provides the perfect setting for gathering with family and friends while offering abundant workspace and storage.

The private primary suite serves as a relaxing retreat, featuring a spa-inspired bathroom complete with a soaking tub. Each secondary bedroom enjoys its own private bathroom, providing comfort and convenience for family and guests.

A standout feature of the home is the attached garage apartment with its own private entrance, offering a bedroom, living area, full bathroom, and kitchenette. This flexible space is ideal for guests, multigenerational living, a home office, or potential rental income.

Step outside to enjoy the private patio, perfect for relaxing or entertaining, while the generously sized lot provides ample space for outdoor enjoyment and future possibilities.

Ideally located in Austin, this move-in-ready property offers a rare combination of style, flexibility, and income-producing potential. Discover all that 205 Rowland Drive has to offer.

At $368/sqft, this home is 6% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

205 Rowland Dr, Austin, TX 78745

Property Details

Price $635,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 1,725 sqft
Lot Size 0.17 acres (7,405.2 sqft)
Year Built 1964
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Greenwood Hills Sec 01
County Travis
Zip Code 78745
$/sqft $368/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $5,523
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237495937
List Date July 17, 2026
Elementary School Galindo
Middle School Bedichek
High School 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
210 W Mockingbird Ln #1
210 West Mockingbird Lane site Condo
$625,000 $368 3 bd / 3 ba 1,700 sqft , 2026-08-11
504 Normandy St #A
504 Normandy Street Condos
$670,000 $324 3 bd / 4 ba 2,068 sqft , 2026-08-14
4709 Mount Vernon Dr
Greenwood Forest Sec 02
$594,992 $361 3 bd / 2 ba 1,649 sqft , 2026-01-12
4400 Mount Vernon Dr #B
Hilltop Add
$590,000 $375 3 bd / 3 ba 1,574 sqft , 2026-08-19
411 W St Elmo Rd #24
Brookside Villas Condo Amd
$589,999 $331 3 bd / 3 ba 1,785 sqft , 2026-03-29

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
$3,048/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
$127,000
20% conventional investment loan

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

Estimated Gross Rent+$3,048
Principal + Interest−$3,465
Property Tax (~2.1% TX avg)−$1,111
Insurance (~0.5%)−$265
Est. Monthly Cash Flow $-1,793

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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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 August 9, 2026.

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