Active Listing  ·  138 days on market

8503 Grandview Dr

Jonestown, TX 78645
$849,999
3 Bed 3 Bath 2,499 sqft $340/sqft Built 2025 0.21 acres 2-Car Garage Pool South Jonestown Hills Unit 01

Perched high above Lake Travis, this 3-bedroom with office Hill Country retreat feels like a slice of the Amalfi Coast, with sweeping lake and Hill Country views, privacy and serenity close to Austin. From the moment you enter, walls of windows, soaring ceilings, natural light and white oak floors create an immediate connection to the outdoors. The expansive open living, dining and kitchen areas flow seamlessly together, all framed by spectacular views. The designer kitchen features an oversized quartz island with breakfast bar, custom natural white oak cabinetry, stainless steel appliances, wine fridge and a tucked-away butler’s pantry designed to keep countertop appliances conveniently accessible but out of sight. Three bedrooms plus a large 4th room/office offer flexible living, with walk-out access to a balcony spanning the back of the home with water views. The spa-inspired primary suite features a freestanding soaking tub and walk-in shower surrounded by beautiful views. Enjoy morning coffee on the porch with the sounds of nature, sunsets from the balconies or evenings around the fire pit overlooking Lake Travis. By night, take in star-filled skies and sparkling lights across the hills. No HOA, EV charger, energy-efficient features and low-maintenance living. Minutes to boat ramps, marinas, restaurants, shopping, theaters, Whole Foods and outdoor recreation, with convenient access to Austin while still feeling tucked away in the Hill Country. A rare combination of views, privacy, thoughtful design and tranquility—this is more than a home; it’s a beautiful way of living.

At $340/sqft, this home is priced in line with the Jonestown market average of $335/sqft across 70 active listings. View Austin market report →

Location

8503 Grandview Dr, Jonestown, TX 78645

Property Details

Price $849,999
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,499 sqft
Lot Size 0.21 acres (9,282.64 sqft)
Year Built 2025
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision South Jonestown Hills Unit 01
County Travis
Zip Code 78645
$/sqft $340/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,759
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT228242875
List Date May 7, 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.

Schedule a Call →

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 · May 7, 2026 $925,000
Previous ask $899,050
Current ask $849,999
Reduced $75,001 (-8.1%) 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 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
19627 Tyler Trl
NA
$825,000 $413 4 bd / 2 ba 2,000 sqft , 2026-07-03
18202 W Reed Parks Rd
Spanish Oak Spgs
$824,403 $273 4 bd / 4 ba 3,024 sqft , 2026-08-06
8609 Nina Ln
South Jonestown Hills
$789,000 $255 4 bd / 4 ba 3,093 sqft , 2025-08-30
8211 Moon Rise Trl
Long Hollow Estates
$924,900 $288 4 bd / 4 ba 3,207 sqft , 2026-05-14
8614 Tip Top Dr
Grandview Terrace Unit 01
$699,000 $279 3 bd / 2 ba 2,505 sqft , 2026-05-28

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
$4,080/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
$170,000
20% conventional investment loan

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

Estimated Gross Rent+$4,080
Principal + Interest−$4,639
Property Tax (~2.1% TX avg)−$1,487
Insurance (~0.5%)−$354
Est. Monthly Cash Flow $-2,400

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 4, 2026.

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