Active Listing  ·  124 days on market

219 Varco Dr

Austin, TX 78738
$947,000
4 Bed 4 Bath 3,866 sqft $245/sqft Built 2008 0.31 acres 3-Car Garage Pool Ridge At Alta Vista Resub

Within the gated Ridge at Alta Vista community, this 4-bedroom home offers the perfect blend of functionality and room to grow.

Expansive windows with plantation shutters throughout the home allow plenty of natural light. The thoughtfully designed floor plan features 4 bedrooms, 3 full and one-half baths, and 3 distinct living areas that provide exceptional flexibility for families, guests, home offices, or multigenerational living.

The open-concept kitchen flows seamlessly from the family room, featuring granite countertops, stainless steel appliances, and a gas cook top — everything you need for both weeknight dinners and weekend entertaining. A dedicated main-level office adds flexibility for today's work-from-home lifestyle.

Head upstairs to discover three additional bedrooms, two full baths, a game room, and a media room pre-wired for sound — plus an impressive 800+ sq ft walk-in storage space that rarely comes standard.

Outside, the large lot offers plenty of room to design your dream pool, and practical touches like a side-entry 3-car garage round out this exceptional home. Add in a low 1.84% tax rate and coveted Lake Travis ISD schools, all just minutes from the shops and dining of Lakeway and Bee Cave, and this one truly checks every box. Community amenities include: Clubhouse, fitness center, community pool, playground, lighted tennis, pickle ball and basketball courts and community events.

At $245/sqft, this home is 38% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

219 Varco Dr, Austin, TX 78738

Property Details

Price $947,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,866 sqft
Lot Size 0.31 acres (13,420.84 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 $245/sqft
Days on Market ,
HOA $150/Monthly
Annual Tax Est. $16,916.67
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231088397
List Date May 22, 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 · May 22, 2026 $997,000
Current ask $947,000
Reduced $50,000 (-5.0%) 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
303 ROLLING GREEN Dr
Lakeway Sec 22
$979,000 $341 4 bd / 4 ba 2,874 sqft , 2026-05-09
15085 Dorothy Dr
Cardinal Hills Unit 05
$897,000 $280 3 bd / 4 ba 3,200 sqft , 2026-06-12
15087 Dorothy Dr
Cardinal Hills Unit 05
$881,000 $304 4 bd / 4 ba 2,900 sqft , 2026-06-12
15098 Dorothy Dr
Cardinal Hills Unit 04A
$1,019,237 $231 5 bd / 5 ba 4,415 sqft , 2026-07-14
129 Sebastians Run
Ridge At Alta Vista
$1,084,000 $235 4 bd / 4 ba 4,617 sqft , 2026-05-22

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
$4,546/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
$189,400
20% conventional investment loan

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

Estimated Gross Rent+$4,546
Principal + Interest−$5,168
Property Tax (~2.1% TX avg)−$1,657
Insurance (~0.5%)−$395
Est. Monthly Cash Flow $-2,674

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 September 15, 2026.

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