Active Listing  ·  519 days on market

4828 Destination Way

Jonestown, TX 78645
$789,000
4 Bed 4 Bath 3,038 sqft $260/sqft Built 2025 0.40 acres 3-Car Garage Pool New Construction THE HOLLOWS

PRICE REDUCED! New construction home in The Hollows on Lake Travis. NEW 3% flex incentive to use on 3-2-1 buy down, 2-1 buy down, closing costs or price reduction. You could afford up to $75,000 more home than if you bought a resale—without raising your monthly payment. That means more space, more upgrades, and more of what you love. Call sales consultant for details. 3,038 square foot, 1 story home with 4 bedrooms, 4 baths, study and 3-car garage like model home. Wood flooring in main living areas. Kitchen with center island, quartz countertops, propane cooktop. Kitchen open to great room with corner fireplace and dining space. Primary bedroom with en-suite, huge walk-in closet, double vanity, separate shower with rainhead faucet. Study with French doors. Each secondary bathroom with full bath. Large covered back patio.

At $260/sqft, this home is 22% below the Jonestown active market average of $335/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

4828 Destination Way, Jonestown, TX 78645

Property Details

Price $789,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths ,
Living Area 3,038 sqft
Lot Size 0.40 acres (17,258.47 sqft)
Year Built 2025
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision THE HOLLOWS
County Travis
Zip Code 78645
$/sqft $260/sqft
Days on Market ,
HOA $205/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT175006203
List Date April 22, 2025
Elementary School Lago Vista
Middle School Lago Vista
High School Lago Vista
School District ,

Luke Allen (TREC #788149) has deep knowledge of Jonestown and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

Schedule a Call →

Similar Homes on the Market in Jonestown

Comparable Listings Right Now

Homes currently for sale in Jonestown 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
6716 Liberty Grotto Ct
The Hollows Canyon - 60'
$799,900 $226 4 bd / 5 ba 3,537 sqft , 2025-11-24
19617 Serenity Ln
The Hollows Sec 1
$749,000 $255 4 bd / 5 ba 2,932 sqft , 2025-07-11
6801 Little Serenity Cv
The Hollows
$749,000 $235 4 bd / 4 ba 3,190 sqft , 2026-06-11
7412 Calming Ct
The Hollows
$749,000 $335 4 bd / 5 ba 2,235 sqft , 2026-06-30
6808 Liberty Grotto Ct
The Hollows Canyon - 60'
$739,900 $221 4 bd / 4 ba 3,347 sqft , 2025-12-03

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
$3,787/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
$157,800
20% conventional investment loan

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

Estimated Gross Rent+$3,787
Principal + Interest−$4,306
Property Tax (~2.1% TX avg)−$1,381
Insurance (~0.5%)−$329
Est. Monthly Cash Flow $-2,229

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 Jonestown, TX

Jonestown 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 June 29, 2026.

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