Active Listing  ·  200 days on market

2918 Ranch Road 620 None N #299

Austin, TX 78734
$769,900
4 Bed 4 Bath 2,951 sqft $261/sqft Built 1997 0.19 acres Pool Waterfront Villas On Lake Travis

Live the luxury lake lifestyle at Villas on Travis, an elegant waterfront development on Lake Travis in award winning Lake Travis ISD. This recently updated condo is the largest in one of Lake Travis’ best lakefront gated developments and has stunning lake & hill country views that can be enjoyed from the many walls of windows and multiple covered balconies. With 4 Bedrooms and 4 Bathrooms, encompassing 3 floors with tall ceilings, it includes amenities not found in any other unit. The Entry floor is a self-contained guest suite perfect for in-laws or grown children and has wood floors, a full guest suite with bathroom, & large Game Room with built-in bar. The Second floor has a slate Kitchen with newer Stainless appliances & the Family Room with Fireplace. Tall bright windows, an open layout and a large balcony make it possible to enjoy the views. There is a Bedroom with an ensuite bath and wood floors which could also make a great Office. A second balcony on this level has views of the Pool. The top level has wood flooring & recently replaced carpeted Primary Suite with Fireplace, large balcony & sweeping lake & hill country views. There’s also another Bedroom with new carpet & an ensuite Bathroom on this level. The Community has recently updated its many amenities including 2 swimming pools, hot tubs, private fitness center, basketball court, & 2 tennis courts. There is also a tram that goes down to the lake and the development’s private day dock, as well as walking trails on grounds. This home includes 2 covered reserved parking spaces near the front door. The HOA fee covers almost all utilities including water, internet, cable, sewer, trash & all amenities. The Villas on Lake Travis is a premiere location with both a great lakefront lifestyle & a faster commute into downtown Austin, just minutes to Lakeway. Don’t miss your chance to have your cake and eat it too!

At $261/sqft, this home is 33% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2918 Ranch Road 620 None N #299, Austin, TX 78734

Property Details

Price $769,900
Status Active Listing
Beds 4
Full Baths 4
Half Baths ,
Living Area 2,951 sqft
Lot Size 0.19 acres (8,450.64 sqft)
Year Built 1997
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Villas On Lake Travis
County Travis
Zip Code 78734
$/sqft $261/sqft
Days on Market ,
HOA $1,299/Monthly
Annual Tax Est. $11,553.59
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT221653212
List Date March 6, 2026
Elementary School Lake Travis
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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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
2646 Crazyhorse Pass
Apache Shores Sec 03 Amd
$739,900 $331 3 bd / 3 ba 2,234 sqft , 2024-08-03
14603 Broken Bow Trl
Apache Shores Sec 03 Amd
$890,000 $350 3 bd / 3 ba 2,543 sqft , 2026-05-14
14905 Oklahoma St
Mountain View
$640,000 $302 3 bd / 3 ba 2,121 sqft , 2026-07-31
15505 Pescado Cir
Vista Grande
$899,900 $342 3 bd / 3 ba 2,629 sqft , 2026-09-11
2603 Indian Creek Rd
Apache Shores
$639,000 $271 3 bd / 3 ba 2,360 sqft , 2026-09-11

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
$3,696/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
$153,980
20% conventional investment loan

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

Estimated Gross Rent+$3,696
Principal + Interest−$4,202
Property Tax (~2.1% TX avg)−$1,347
Insurance (~0.5%)−$321
Est. Monthly Cash Flow $-2,174

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 March 30, 2026.

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