Active Listing  ·  170 days on market

220 Mallet Ct

Austin, TX 78737
$749,000
4 Bed 4 Bath 3,393 sqft $221/sqft Built 2001 0.37 acres 2-Car Garage Pool The Polo Club At Rooster Spgs Ph Ii

Located in the gated Polo Club, this rare single-story home offers a sophisticated fusion of Hill Country living and turnkey autonomy. Positioned at the end of a tree-lined cul-de-sac, it provides both privacy and a welcoming setting ideal for families and entertaining. This 4-bedroom, 3.5-bath home offers a spacious open floor plan with a split layout featuring a secluded primary suite separate from the secondary bedrooms. Multiple living spaces, including a formal dining room, den, eat-in kitchen, and bonus room, offer flexibility for everyday living and entertaining. The recently renovated kitchen features updated appliances, modern finishes, and self-closing cabinetry. Spaciously designed for both comfort and low maintenance—with the streamlined ease of a lock-and-go retreat. Enjoy Hill Country views from the backyard overlooking equestrian paddocks. Community amenities include barns, climate-controlled tack rooms, covered and outdoor arenas, and training spaces. Conveniently located off US-290 in Dripping Springs with easy access to dining, shopping, wineries, and outdoor recreation. Approximately 35 minutes to ABIA and close to Fredericksburg and Johnson City. Zoned to highly regarded schools. A rare opportunity in one of Dripping Springs’ most sought-after gated communities. **Buyer and Buyer's Agent are responsible for conducting all due diligence and verifying all information, including but not limited to property condition, zoning, permits, taxes, and square footage.**

At $221/sqft, this home is 43% 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

220 Mallet Ct, Austin, TX 78737

Property Details

Price $749,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,393 sqft
Lot Size 0.37 acres (16,247.88 sqft)
Year Built 2001
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision The Polo Club At Rooster Spgs Ph Ii
County Hays
Zip Code 78737
$/sqft $221/sqft
Days on Market ,
HOA $1,577/Semi-Annually
Annual Tax Est. $11,408.07
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT225326422
List Date April 15, 2026
Elementary School Dripping Springs
Middle School Dripping Springs Middle
High School Dripping Springs
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 · April 15, 2026 $824,900
Current ask $749,000
▼ Reduced $75,900 (-9.2%) 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
700 Ledge Stone Dr
Bush Ranch Ph 1 Rev
$760,000 $228 5 bd / 4 ba 3,331 sqft , 2026-06-10
170 Kinloch Ct
Belterra Ph 4 Sec 18
$765,000 $203 4 bd / 3 ba 3,768 sqft , 2026-06-23
24 Long Creek Rd
Heritage Oaks Sec 2-A
$799,000 $273 4 bd / 3 ba 2,930 sqft , 2026-09-22
156 Noahs Ct
Belterra Sec 17
$928,000 $278 4 bd / 4 ba 3,337 sqft , 2026-03-10
281 Kensington Ln
Belterra Ph II Sec 3B
$530,000 $221 4 bd / 3 ba 2,400 sqft , 2026-08-03

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
$3,595/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
$149,800
20% conventional investment loan

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

Estimated Gross Rent+$3,595
Principal + Interest−$4,088
Property Tax (~2.1% TX avg)−$1,311
Insurance (~0.5%)−$312
Est. Monthly Cash Flow $-2,116

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 8, 2026.

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