Active Listing  ·  117 days on market

8614 Tip Top Dr

Jonestown, TX 78645
$699,000
3 Bed 2 Bath 2,505 sqft $279/sqft Built 1984 0.31 acres Pool Grandview Terrace Unit 01

Perched high on Tip Top with sweeping Hill Country and Lake Travis views, this Jonestown retreat was designed to take full advantage of its incredible setting. Panoramic vistas stretch from the living room, dining area, and primary suite, creating a constant connection to the outdoors. Homeowners here love the direct access to approximately 59 acres of wildlife exempted land. Neighbors use it to enjoy the wildlife; the foxes, birds, deer, and natural surroundings give this property a peaceful, “out in the country” feel, without being too far from restaurants, shopping, and the conveniences of town.

At this home, the sprawling wraparound deck offers multiple spaces and levels to relax, entertain, and soak in the scenery. At the center of the home, the oversized kitchen features a rare double-island layout that naturally serves as the hub. It extends to the living room and deck. The primary bedroom has a fireplace, and sitting area to enjoy the views. The luxury walk-in shower is also a steam room. A secondary bedroom upstairs has an attached full bathroom. The downstairs 3rd bedroom is a private retreat, with a private bedroom, living area and access to the lower, covered patio. The downstairs storage room is a generous space. It offers flexibility to be converted into an additional bathroom, creating a complete downstairs suite; finished into a workshop; or storage for your lake gear.

And it’s not just about the house. Jonestown offers the lifestyle that draws people to this side of Lake Travis in the first place — close to the lake, parks, restaurants, live music, local spots, shops, and galleries, while still feeling removed from the pace of the city.

8614 Tip Top Drive offers a combination that’s getting harder to find — privacy, natural beauty, community, and room to breathe, all within reach of Austin and everyday conveniences. If you’ve been looking for more than just another house in a subdivision, this one is worth your time.

At $279/sqft, this home is 17% 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

8614 Tip Top Dr, Jonestown, TX 78645

Property Details

Price $699,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,505 sqft
Lot Size 0.31 acres (13,329.36 sqft)
Year Built 1984
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Grandview Terrace Unit 01
County Travis
Zip Code 78645
$/sqft $279/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $4,847
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231545422
List Date May 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.

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 28, 2026 $710,000
Current ask $699,000
Reduced $11,000 (-1.5%) 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
8101 Breeze Way
High Hat Mountain
$655,000 $369 3 bd / 2 ba 1,777 sqft , 2026-04-07
8609 Nina Ln
South Jonestown Hills
$789,000 $255 4 bd / 4 ba 3,093 sqft , 2025-08-30
17234 E Reed Parks Rd
Chas Heartt - Jeremiah Gregg
$599,900 $280 4 bd / 3 ba 2,139 sqft , 2026-09-01
18202 W Reed Parks Rd
Spanish Oak Spgs
$824,403 $273 4 bd / 4 ba 3,024 sqft , 2026-08-06
9504 Harbor Dr
Northlake Hills Sec 1 Resub Of
$825,000 $341 3 bd / 3 ba 2,419 sqft , 2026-03-13

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
$3,355/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
$139,800
20% conventional investment loan

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

Estimated Gross Rent+$3,355
Principal + Interest−$3,815
Property Tax (~2.1% TX avg)−$1,223
Insurance (~0.5%)−$291
Est. Monthly Cash Flow $-1,974

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 →