Active Listing  ·  27 days on market

219 GRANT CANNON Ln

Austin, TX 78738
$970,000
5 Bed 4 Bath 3,550 sqft $273/sqft Built 2012 0.51 acres 3-Car Garage Pool Rough Hollow-Lakeway Highlands Ph 1 Sec 3

Located on a quiet cul-de-sac in the highly sought-after Rough Hollow community, this meticulously maintained one-owner home offers the perfect blend of luxury, functionality, and Hill Country tranquility. Set on an oversized 0.5+ acre lot backing to scenic Graham Canyon with no rear neighbors, the property provides exceptional privacy and plenty of room to add a future pool while still enjoying expansive outdoor living space. Designed with both everyday living and entertaining in mind, the open-concept floorplan is filled with natural light and features soaring two-story ceilings in the living room, a gas fireplace, wood and tile flooring throughout most of the home, and an oversized chef’s kitchen with abundant prep space and storage. The flexible layout includes two spacious living areas, a dedicated study, four full baths, and ideal guest or multigenerational accommodations with a secondary bedroom and full bath on the main level. The primary suite is privately positioned downstairs and features a spa-inspired bath, oversized walk-in closet, and direct access to the laundry room for added convenience. Additional highlights include ceiling fans throughout, peaceful backyard patio spaces, and included refrigerator, washer, and dryer making the home truly move-in ready. Enjoy the unmatched Rough Hollow lifestyle with nearby hike and bike trails, resort-style amenities, marina access, pools, fitness center, and top-rated LTISD schools — all rated “A.”

At $273/sqft, this home is 30% 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

219 GRANT CANNON Ln, Austin, TX 78738

Property Details

Price $970,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths ,
Living Area 3,550 sqft
Lot Size 0.51 acres (22,402.91 sqft)
Year Built 2012
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Rough Hollow-Lakeway Highlands Ph 1 Sec 3
County Travis
Zip Code 78738
$/sqft $273/sqft
Days on Market ,
HOA $426/Semi-Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239098188
List Date July 8, 2026
Elementary School Rough Hollow
Middle School Lake Travis
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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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
10801 Beachmont Ln
Circle C Ranch Ph B Sec 17
$970,000 $317 5 bd / 3 ba 3,062 sqft , 2026-06-11
6914 Thorncliffe Dr
Allen Place
$970,000 $378 4 bd / 3 ba 2,569 sqft , 2026-07-03
5224 China Garden Dr
River Place Sec 06
$969,999 $303 4 bd / 3 ba 3,204 sqft , 2026-04-25
424 Belforte Ave #31
Villas At Tuscan Village Amd
$969,550 $278 4 bd / 4 ba 3,491 sqft , 2026-05-11
10609 Skyflower Dr
Great Hills Sec 23 Ph 02-A
$969,000 $280 4 bd / 4 ba 3,458 sqft , 2026-06-19

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
$4,656/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
$194,000
20% conventional investment loan

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

Estimated Gross Rent+$4,656
Principal + Interest−$5,294
Property Tax (~2.1% TX avg)−$1,698
Insurance (~0.5%)−$404
Est. Monthly Cash Flow $-2,740

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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