About This Home

This gorgeous rare 3 bedroom townhome located in beautiful Point Venture offers end unit with only 1 neighbor next door and 2 RSVP spaces for your car and boat or golf cart. Features include granite countertops, custom cabinetry, undermounted sink, stainless steel appliances, eat in kitchen with breakfast bar open to dining/living room plus half bath, laundry and covered patio overlooking golf course. Currently used as an AirBnB and VRBO.

At $233/sqft, this home is priced 4% above the Point Venture active market average of $224/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

585 Demarett Dr, Point Venture, TX 78645

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Property Details

Price $379,900

Status Active Listing

Beds 3

Full Baths 2

Half Baths 1

Living Area 1,630 sqft

Lot Size 0.03 acres (1,089 sqft)

Year Built 2019

Garage ,

Stories ,

Type Residential · Townhouse

Subdivision Point Venture Highpoint Townhomes

County Travis

Zip Code 78645

$/sqft $233/sqft

Days on Market ,

HOA $199/Monthly

Annual Tax Est. $8,346

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT206492010

List Date September 28, 2025

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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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

239 VENTURE Blvd S
Indian Point At Point Venture $379,000 $236 3 bd / 2 ba 1,608 sqft , 2026-08-26

300 S Venture Blvd S
Point Venture Sec 01 $369,000 $241 3 bd / 2 ba 1,528 sqft , 2026-06-26

133 Comanche Pt
Comanche Point Sec 3-A At Point Venture $365,000 $211 3 bd / 2 ba 1,730 sqft , 2026-05-12

205 Venture Blvd S
Indian Point At Point Venture $365,000 $240 3 bd / 2 ba 1,518 sqft , 2026-08-27

18616 CHAMPIONS Cir
Point Venture Sec 02 $355,000 $196 2 bd / 3 ba 1,815 sqft , 2026-07-28

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

$1,824/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

$75,980

20% conventional investment loan

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

Estimated Gross Rent+$1,824

Principal + Interest−$2,073

Property Tax (~2.1% TX avg)−$665

Insurance (~0.5%)−$158

Est. Monthly Cash Flow $-1,072

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 March 30, 2026.

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

585 Demarett Dr

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Point Venture, TX

More Luxury Homes in Point Venture

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