Active Listing  ·  2 days on market

136 Legacy Hills Dr

Johnson City, TX 78636
$285,000
5.04 acres Legacy Hills

Some land gives you acreage. This one gives you options, views, and a pretty remarkable setting. Set on 5 acres in gated Legacy Hills, 136 Legacy Hills Drive begins high along the road before gently descending toward a wooded valley, creating an elevated upper section with plenty of room to build while capturing long-distance Texas Hill Country views. The upper half has been thoughtfully cleared of cedar while preserving clusters of mature live oaks and other hardwoods, creating an inviting setting for a homesite and outdoor living. As the land slopes downward, the property transitions into a heavily wooded lower section, adding privacy, shade, and a distinctly natural backdrop. Generous road frontage provides additional flexibility when considering the placement and orientation of a home, driveway, guest house, pool, workshop, or detached garage. Legacy Hills is a gated ranch community encompassing more than 1,200 acres between popular Dripping Springs and Johnson City. The community maintains a wildlife agricultural exemption, helping keep property taxes low, while Blackbuck antelope and Oryx roam throughout the neighborhood. Private paved roads and underground utilities preserve the landscape and Hill Country views. Electricity and high-speed internet are available. Private well and septic system are required. Build with the custom builder of your choice and on your own timeline. Convenient to Dripping Springs, Johnson City, Fredericksburg and the Texas Wine Country, Legacy Hills offers the space and privacy of acreage living without sacrificing access to Central Texas destinations.

Location

136 Legacy Hills Dr, Johnson City, TX 78636

Property Details

Price $285,000
Status Active Listing
Beds ,
Full Baths ,
Half Baths ,
Living Area ,
Lot Size 5.04 acres (219,542.4 sqft)
Year Built ,
Garage ,
Stories ,
Type Land · Unimproved Land
Subdivision Legacy Hills
County Blanco
Zip Code 78636
$/sqft ,
Days on Market ,
HOA $634/Annually
Annual Tax Est. $801.72
Pool ,
Waterfront ,
New Construction ,
MLS # ACT248202390
List Date October 6, 2026
Elementary School Lyndon B Johnson
Middle School Lyndon B Johnson
High School Lyndon B Johnson (Johnson City ISD)
School District ,

Luke Allen (TREC #788149) has deep knowledge of Johnson City and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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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
$1,368/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
$57,000
20% conventional investment loan

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

Estimated Gross Rent+$1,368
Principal + Interest−$1,555
Property Tax (~2.1% TX avg)−$499
Insurance (~0.5%)−$119
Est. Monthly Cash Flow $-805

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 Johnson City, TX

Johnson City 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 October 6, 2026.

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