About This Home

Enjoy resort-style living in the heart of Lakeway! This well-priced condo in a gated community offers the perfect blend of comfort, convenience, and low-maintenance living. Residents have access to a variety of amenities including a sparkling community pool, tennis courts, and private lake access - ideal for those who love the outdoors and an active lifestyle. Whether you're looking for a peaceful retreat, a weekend getaway, or a full-time residence, this unit delivers great value in a prime location along RR 620 with easy access to shopping, dining, and Lake Travis. Don't miss this opportunity to own a slice of the good life!

At $179/sqft, this home is 54% 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

2918 N Ranch Road 620 Rd #W219, Austin, TX 78734

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Property Details

Price $250,000

Status Active Listing

Beds 2

Full Baths 2

Half Baths 1

Living Area 1,395 sqft

Lot Size 0.12 acres (5,296.9 sqft)

Year Built 1999

Garage ,

Stories ,

Type Residential · Condominium

Subdivision Villas On Travis Condo Amd

County Travis

Zip Code 78734

$/sqft $179/sqft

Days on Market ,

HOA $880/Monthly

Annual Tax Est. $5,869.35

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT193079581

List Date April 28, 2025

Elementary School Lake Travis

Middle School Hudson Bend

High School Lake Travis

School District ,

Have Questions About This Property?

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 28, 2025 $289,000

Previous ask $256,900

Current ask $250,000

▼ Reduced $39,000 (-13.5%) 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

1010 Rundberg Ln #24
Summertree Condo $250,000 $202 3 bd / 2 ba 1,238 sqft , 2025-10-29

2314 Klattenhoff Dr
Wells Branch Ph D Sec 01 $250,000 $203 2 bd / 1 ba 1,233 sqft , 2025-10-23

4607 Craigwood Dr
Craigwood Sec 02 $250,000 $198 3 bd / 2 ba 1,264 sqft , 2026-03-10

9525 N Capital Of Texas Hwy #623
Loop Condo $250,000 $257 2 bd / 1 ba 972 sqft , 2026-01-08

2918 Ranch Road 620 None N #X201
Villas On Travis Condo Amd $250,000 $208 2 bd / 2 ba 1,204 sqft , 2025-08-27

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

$1,200/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

$50,000

20% conventional investment loan

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

Estimated Gross Rent+$1,200

Principal + Interest−$1,364

Property Tax (~2.1% TX avg)−$438

Insurance (~0.5%)−$104

Est. Monthly Cash Flow $-706

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

2918 N Ranch Road 620 Rd #W219