Active Listing  ·  26 days on market

2205 Monarch Dr

Austin, TX 78748
$559,000
3 Bed 2 Bath 1,772 sqft $315/sqft Built 1972 0.31 acres 2-Car Garage Pool Castlewood Forest Sec 05

Completely updated in 2021, this 3 bedroom, 2 bath single-story home in Castlewood Forest is truly one of a kind. Soaring vaulted ceilings extend through every major living space, the primary suite, and both secondary bedrooms, an architectural feature rarely found at this price point that creates a sense of openness and light throughout the entire home, not just the main living area.

The primary suite is a true retreat, offering abundant natural light, all beneath those same soaring vaulted ceilings.

The secondary bedrooms feature custom built-in lofts, adding versatile bonus space you won't find in a typical floor plan. Use them for extra storage, a play area, a reading nook, or a creative hideaway, the possibilities are endless.

Major systems have been replaced, including a new HVAC system (7/2021), a new roof (12/2021), and a tankless water heater (3/2022).

The chef's kitchen showcases quartz countertops, custom cabinetry, a designer arabesque tile backsplash, a gas range, built-in oven, and a wine fridge. Both bathrooms have been fully renovated, including a spa-like primary suite bath with a double vanity, backlit mirrors, and a frameless glass shower.

Set on a 0.314-acre lot with mature shade trees, the private backyard includes a spacious patio and a versatile two-room outbuilding with a small bonus room and separate storage space.

At $315/sqft, this home is 19% 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

2205 Monarch Dr, Austin, TX 78748

Property Details

Price $559,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,772 sqft
Lot Size 0.31 acres (13,690.91 sqft)
Year Built 1972
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Castlewood Forest Sec 05
County Travis
Zip Code 78748
$/sqft $315/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $10,118.39
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238532218
List Date July 9, 2026
Elementary School Cowan
Middle School Bailey
High School Akins
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.

Schedule a Call →

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 · July 9, 2026 $589,000
Current ask $559,000
Reduced $30,000 (-5.1%) 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
4917 Sunset Trl #A
Sunset Trail Condos Ph 2
$559,000 $312 3 bd / 3 ba 1,792 sqft , 2026-03-25
4514 Highland Ter
Highland Park
$559,000 $364 3 bd / 1 ba 1,536 sqft , 2026-05-01
3211 Holton St #3211B
Villas At Holton Woods
$559,000 $383 3 bd / 3 ba 1,461 sqft , 2026-06-19
11905 Misty Brook Dr
Champions Forest
$559,000 $337 4 bd / 2 ba 1,659 sqft , 2026-07-10
8821 Golden Lion Dr
Easton Park
$559,470 $259 3 bd / 3 ba 2,156 sqft , 2026-04-06

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
$2,683/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
$111,800
20% conventional investment loan

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

Estimated Gross Rent+$2,683
Principal + Interest−$3,051
Property Tax (~2.1% TX avg)−$978
Insurance (~0.5%)−$233
Est. Monthly Cash Flow $-1,579

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →