About This Home

Best value in Point Venture! This move-in-ready 3-bedroom, 2.5-bath townhome offers the perfect combination of lifestyle and investment potential. Enjoy a bright, open-concept layout, modern finishes, luxury vinyl plank flooring, and a flexible floor plan with one bedroom conveniently located on the main level. The private primary suite features its own balcony overlooking peaceful green space perfect for relaxing after a long day. Refrigerator, washer, and dryer convey for added value and convenience. Located minutes from Lake Travis, the marina, golf course, parks, and resort-style community amenities. Short-term rentals are permitted, making this an excellent option for a full-time residence, weekend retreat, or investment property. Don’t miss this incredible opportunity in Point Venture!

At $195/sqft, this home is 13% below the Point Venture active market average of $224/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

512 Palmer Dr, Point Venture, TX 78645

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Property Details

Price $289,900

Status Active Listing

Beds 3

Full Baths 2

Half Baths 1

Living Area 1,484 sqft

Lot Size 0.02 acres (805.86 sqft)

Year Built 2023

Garage ,

Stories ,

Type Residential · Townhouse

Subdivision Point Venture Sec 02-B

County Travis

Zip Code 78645

$/sqft $195/sqft

Days on Market ,

HOA $233.5/Monthly

Annual Tax Est. $6,494

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT223802817

List Date March 30, 2026

Elementary School Lago Vista

Middle School Lago Vista

High School Lago Vista

School District ,

Have Questions About This Property?

Luke Allen (TREC #788149) has deep knowledge of Point Venture 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 · March 30, 2026 $319,000

Previous ask $294,999

Current ask $289,900

▼ Reduced $29,100 (-9.1%) 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 Point Venture

Comparable Listings Right Now

Homes currently for sale in Point Venture 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

111 Comanche Pt
Comanche Point Sec 03-A At Point Venture $299,000 $216 3 bd / 2 ba 1,386 sqft , 2026-01-23

287 Venture Blvd
Indian Point At Point Venture $300,000 $173 3 bd / 2 ba 1,730 sqft , 2025-10-24

329 Venture Blvd S
Indian Point At Point Venture $300,000 $213 3 bd / 2 ba 1,406 sqft , 2026-06-13

18800 Hogan Cir #107
Point Venture Sec 2B Un 20 $305,000 $204 3 bd / 3 ba 1,498 sqft , 2026-08-27

575 Demarett Dr
Point Venture $308,000 $189 3 bd / 3 ba 1,630 sqft , 2026-01-28

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

$1,392/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

$57,980

20% conventional investment loan

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

Estimated Gross Rent+$1,392

Principal + Interest−$1,582

Property Tax (~2.1% TX avg)−$507

Insurance (~0.5%)−$121

Est. Monthly Cash Flow $-818

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 Point Venture, TX

Point Venture 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

About the Author

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 5, 2026.

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

512 Palmer Dr