About This Home

This wonderful 2,311 sqft. 3 bed 2 bath sits on the 15th green of The Hills Country Club Golf Course. The home is located within the guard gate of The Hills of Lakeway. Home features granite countertops, wood floors, large master closet with built-ins, plantation shutters, security system, gutters, sprinkler system & wood burning fireplace. The back patio has direct view of the of the 15th green. POA Fee $575 twice a year. COA Fee $235/month. Mandatory Social membership at the Hill Country Club $135/month. Fees pay for guard & gate, all common area maintenance & pest control. Be sure to view the virtual tour. Call with any questions.

At $264/sqft, this home is 18% below the The Hills active market average of $321/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

219 The Hills Dr #5, The Hills, TX 78738

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Property Details

Price $609,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 2,311 sqft

Lot Size 0.19 acres (8,237.2 sqft)

Year Built 1998

Garage 2 spaces

Stories ,

Type Residential · Condominium

Subdivision Lakeside & Greens Condo

County Travis

Zip Code 78738

$/sqft $264/sqft

Days on Market ,

HOA $344/Monthly

Annual Tax Est. $14,108.48

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT219359894

List Date February 19, 2026

Elementary School Lakeway

Middle School Hudson Bend

High School Lake Travis

School District ,

Have Questions About This Property?

Luke Allen (TREC #788149) has deep knowledge of The Hills 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 The Hills

Comparable Listings Right Now

Homes currently for sale in The Hills 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

104 El Norte Ct
Lakeway Sec 26 $610,000 $251 4 bd / 3 ba 2,435 sqft , 2026-07-22

5 Champions Ln
Champions Lakeway $599,000 $286 4 bd / 3 ba 2,093 sqft , 2026-07-17

210 Versilia Cir
Villas at Tuscan Village Amd $599,000 $332 2 bd / 2 ba 1,805 sqft , 2026-08-21

109 Schooner Dr
Lakeway $619,000 $306 3 bd / 2 ba 2,025 sqft , 2026-07-31

106 White Sands Dr
Lakeway Sec 26 $620,000 $303 3 bd / 3 ba 2,046 sqft , 2026-08-31

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

$2,923/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

$121,800

20% conventional investment loan

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

Estimated Gross Rent+$2,923

Principal + Interest−$3,324

Property Tax (~2.1% TX avg)−$1,066

Insurance (~0.5%)−$254

Est. Monthly Cash Flow $-1,721

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 The Hills, TX

The Hills 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 June 17, 2026.

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

219 The Hills Dr #5

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near The Hills, TX

More Luxury Homes in The Hills

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