#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024
An Exceptional Investment Opportunity! 10 Acres | 6 Homes | Immediate Income | Unlimited Potential This is the kind of opportunity that rarely comes to market. Set on a generous 10-acre parcel, this established income-producing property features six single-family residences — five currently generating consistent rental income, with the sixth serving as the owner's private residence. With a current CAP rate of approximately 5.5-6.5%, this is a performing asset from day one.
But the real story is the land. Ten acres in this market represents far more than what's currently on it. Whether you're an investor looking for steady cash flow, a developer with a vision for what comes next, or a buyer ready to live on site while your investment works for you — this property meets you exactly where you are.
Property Type
Residential
Year Built
2023
Lot Size
10.15 acres
$/Sq Ft
$194
Garage
12 spaces
Listed by Pure Realty
Verified property facts
205 Montrose Dr is listed at $1,600,000 with 20 bedrooms, 12 full bathrooms, 8,240 square feet, 10.15-acre lot. This places it above the 78642 median of $650,000.
205 Montrose Dr is zoned for Liberty Hill ISD with assigned schools: LouineNoble (elementary), Liberty Hill Middle (middle), Liberty Hill (high). School assignments should be verified directly with the district.
205 Montrose Dr is a Residential built in 2023 featuring 20 bedrooms, 12 full bathrooms, 8,240 square feet, 10.15-acre lot.
205 Montrose Dr 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 205 Montrose Dr is $6,204. 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.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Listed with current price, original ask, and market time.
Liberty Hill 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% ($320K)
$1,600,000
Luxury property intelligence
A sourced read on JOSEPH, B. SUR. pricing, timing, and property scale. No automated valuation claim.
List price
$1,600,000
Price per sqft
$194/sqft
Vs. JOSEPH, B. SUR. median
Not available
Days on market
60 days
Original to current
No verified reduction
$1.6M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 21, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
With 20% down ($320,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 205 Montrose Dr is around $8,819 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $1,600,000, 205 Montrose Dr is in the JOSEPH, B. SUR. market where there are currently 462 active listings in 78642.
205 Montrose Dr was built in 2023, making it 3 years old with relatively recent construction.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
1 event on record
Current Price
$1,600,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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