Active Listing  ·  56 days on market

5110 Destination Way

Jonestown, TX 78645
$1,199,900
5 Bed 6 Bath 4,997 sqft $240/sqft Built 2026 0.42 acres 3-Car Garage Pool The Hollows Sanctuary - 85'

MLS# 4689661 - Built by Drees Custom Homes - Jan 2027 completion! ~ New 5 Bed, 5.5 Bath home in Jonestown, TX. The Grantley II by Drees Custom Homes offers nearly 5,000 square feet of thoughtfully crafted living space. Featuring 5 spacious bedrooms, 5 full baths, a private home office, media room, gameroom, loft, and a first-floor guest suite, this exceptional two-story home provides the flexibility for all residents. The heart of the home showcases a chef-inspired kitchen with an oversized island, double ovens, walk-in pantry and seamless flow into the dramatic family room highlighted by soaring vaulted ceilings and abundant natural light. The elegant dining area and expansive outdoor living space create the perfect setting for entertaining guests or enjoying the beautiful Texas weather year-round. Retreat to the luxurious primary suite featuring a tray ceiling, spa-like bath with a freestanding tub, oversized shower, and generous walk-in closet connected to a convenient family ready room. Upstairs, three secondary bedrooms with walk-in closets are complemented by a spacious gameroom, media room, and loft, providing endless opportunities for recreation and relaxation. Additional highlights include a 3-car garage with carriage garage bay, 10-foot first-floor ceilings, 8-foot interior doors, expansive windows and sophisticated architectural details throughout.

At $240/sqft, this home is 28% 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

5110 Destination Way, Jonestown, TX 78645

Property Details

Price $1,199,900
Status Active Listing
Beds 5
Full Baths 5
Half Baths 1
Living Area 4,997 sqft
Lot Size 0.42 acres (18,295.2 sqft)
Year Built 2026
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision The Hollows Sanctuary - 85'
County Travis
Zip Code 78645
$/sqft $240/sqft
Days on Market ,
HOA $205/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241457746
List Date July 28, 2026
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.

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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 · July 28, 2026 $1,239,900
Current ask $1,199,900
Reduced $40,000 (-3.2%) 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 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
6609 Rocky Grotto Cv
Hollows Sanctuary Sec 2
$1,199,000 $266 5 bd / 6 ba 4,501 sqft , 2026-08-06
19316 Splendor Ct
The Hollows on Lake Travis
$1,249,000 $303 4 bd / 5 ba 4,128 sqft , 2025-11-05
6513 Lavish Bnd
Hollows
$1,297,000 $390 5 bd / 5 ba 3,325 sqft , 2026-03-19
6708 Adventures Pl
The Hollows
$1,100,000 $309 4 bd / 4 ba 3,558 sqft , 2026-07-26
19004 Ascending Trl
The Hollows
$1,349,900 $263 4 bd / 5 ba 5,128 sqft , 2025-11-19

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
$5,760/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
$239,980
20% conventional investment loan

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

Estimated Gross Rent+$5,760
Principal + Interest−$6,548
Property Tax (~2.1% TX avg)−$2,100
Insurance (~0.5%)−$500
Est. Monthly Cash Flow $-3,388

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 September 2, 2026.

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