Active Listing  ·  39 days on market

206 Varco Dr

Austin, TX 78738
$1,295,000
5 Bed 4 Bath 4,380 sqft $296/sqft Built 2008 0.36 acres 3-Car Garage Pool Ridge At Alta Vista Resub

Discover unparalleled elegance and comfort at this exceptional 5-bedroom, 4-bathroom residence in Austin, TX, a true sanctuary designed for luxurious living. The elegant stucco facade, manicured lawn, and mature trees create inviting curb appeal, setting the stage for the sophisticated interiors. A broad driveway and a private yard with a garden enhance the property's exterior charm. Inside, high ceilings and rich hardwood flooring flow through the grand living spaces, highlighted by a striking stone fireplace, creating an inviting ambiance for gatherings. The gourmet kitchen is a chef's delight, featuring a spacious island, lustrous granite countertops, a gas range, double oven, refrigerator, dishwasher, microwave, and recessed lighting, perfect for culinary endeavors and entertaining. The dining area, with its wood flooring and ample natural light, offers serene views of the private outdoor pool. French doors open to a versatile home office with built-in shelving, providing a dedicated space for productivity. Each bedroom is a haven of comfort, some featuring vaulted or tray ceilings, plush carpeting, and generous windows with plantation shutters, offering abundant natural light and serene views of the pool or surrounding trees. The luxurious bathrooms boast double vanities, granite counters, tile flooring, a spacious soaking tub, and an elegant walk-in shower. Outside, an inviting private in-ground pool and spa beckon on a sun-drenched patio, ideal for relaxation and luxurious outdoor living. This gated community also offers access to a community pool, tennis courts, and street lights, nestled among rolling, tree-covered hills, ensuring a lifestyle of convenience and leisure.

At $296/sqft, this home is 24% 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

206 Varco Dr, Austin, TX 78738

Property Details

Price $1,295,000
Status Active Listing
Beds 5
Full Baths 3
Half Baths 1
Living Area 4,380 sqft
Lot Size 0.36 acres (15,812.28 sqft)
Year Built 2008
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Ridge At Alta Vista Resub
County Travis
Zip Code 78738
$/sqft $296/sqft
Days on Market ,
HOA $95/Monthly
Annual Tax Est. $19,567.44
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237600708
List Date June 26, 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.

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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 · June 26, 2026 $1,375,000
Current ask $1,295,000
Reduced $80,000 (-5.8%) 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 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
10102 Grand Teton Ct
Great Hills Sec 10
$1,295,000 $328 5 bd / 5 ba 3,954 sqft , 2026-05-25
15086 Barrie Dr
Cardinal Hills Unit 5 Amd
$1,299,000 $368 4 bd / 4 ba 3,528 sqft , 2026-03-27
12308 Carlsbad Dr
Lake Pointe
$1,299,000 $342 5 bd / 5 ba 3,795 sqft , 2026-05-15
7809 Old Bee Caves Rd #20
Cayena Creekside
$1,299,000 $449 4 bd / 4 ba 2,890 sqft , 2026-05-21
8204 Texas Plume Rd
Yaupon Terrace Sec 02
$1,299,000 $289 6 bd / 4 ba 4,490 sqft , 2026-07-31

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
$6,216/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
$259,000
20% conventional investment loan

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

Estimated Gross Rent+$6,216
Principal + Interest−$7,067
Property Tax (~2.1% TX avg)−$2,266
Insurance (~0.5%)−$540
Est. Monthly Cash Flow $-3,657

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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