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#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024Loading
**Legacy Hills | 5-Acre Luxury Homesite | Gated Hill Country Estate Living**OWNER FINANCING OPTION AVAILABLE!**
Discover serenity and breathtaking Hill Country vistas in the prestigious **Legacy Hills** community of Johnson City, just fifteen minutes from Dripping Springs and within easy reach of modern conveniences. This private, gated 1,200-plus-acre ranch community features estate-sized homesites, custom luxury residences, and a wildlife exemption that keeps taxes remarkably low.
Native oryx and blackbuck antelope roam freely across the rolling terrain, adding to the natural beauty and exclusivity of this rare offering. Bring your own builder and create the custom home you’ve always envisioned—a place where privacy, panoramic views, and upscale Hill Country living come together.
This five-acre homesite offers stunning long-range views in a setting of luxury estate homes and a low tax rate. Legacy Hills provides paved roads, underground utilities, and protective covenants for peace of mind. Ideally located, the community is situated just fifteen minutes from Dripping Springs, twenty-five minutes from Bee Cave, and approximately an hour from Austin and Austin-Bergstrom International Airport. Seller will entertain owner financing.
Build your dream retreat and **create your legacy** in one of Central Texas’ most sought-after Hill Country estate communities.
Property Type
Land
Lot Size
5.01 acres
HOA
$620/mo
Listed by eXp Realty, LLC
Property Details
Lot Features
Verified property facts
199 Flat Rock Way is zoned for Johnson City ISD with assigned schools: Lyndon B Johnson (elementary), Lyndon B Johnson (middle), Lyndon B Johnson (Johnson City ISD) (high). School assignments should be verified directly with the district.
199 Flat Rock Way is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
The most recent annual property tax for 199 Flat Rock Way is $793. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
With 20% down ($75,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 199 Flat Rock Way is around $2,012 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Best Match
Balanced against price, location, and layout so nearby lookalikes rise first. Similar properties in Legacy Hills
Listing timeline with current price, original ask, and market time.
Johnson City ISD
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
20% ($75K)
$375,000
Luxury property intelligence
A sourced read on Legacy Hills pricing, timing, and property scale. No automated valuation claim.
List price
$375,000
Price per sqft
Not available
Vs. Legacy Hills median
Not available
Days on market
227 days
Original to current
$50K reduction
$425K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of May 31, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
At $375,000, 199 Flat Rock Way is in the Legacy Hills market where there are currently 44 active listings in 78636.
199 Flat Rock Way is part of a managed community with HOA dues of $620 annually. HOA-managed communities in Austin's luxury market typically provide amenities such as common areas, security, and exterior maintenance. Verify current dues and rules with the HOA directly.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Active listings near 199 Flat Rock Way
