About This Home

Amazing Single-Story home, Spacious, 3-bedroom 2 bath open floorplan, large owner's suite, high ceilings throughout, Granite counters in Kitchen, White quartz countertops in baths, Stainless steel appliances, Natural gas for cooking and heating, Sprinkler/irrigation system, Covered front porch, Easy access to main highways: IH-35, 45/Mopac, Toll-130. Proximity to Downtown, Austin's International Airport, Universities, South Park Meadows Shopping Center-Target, Sam's, HEB, Walmart, Restaurants and entertaining. Close to Tesla, F-1 Track. Greenbelt lot with no neighbors behind. Location-everything is a short drive away! Refrigerator, Washer and Dryer can convey

At $211/sqft, this home is 46% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

11512 Milano Dr, Austin, TX 78747

Open in Google Maps ↗ Get Directions ↗

Property Details

Price $324,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,538 sqft

Lot Size 0.11 acres (4,791.6 sqft)

Year Built 2022

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Bella Fortuna

County Travis

Zip Code 78747

$/sqft $211/sqft

Days on Market ,

HOA $100/Quarterly

Annual Tax Est. $7,387.57

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT245368457

List Date September 1, 2026

Elementary School Blazier

Middle School Paredes

High School Akins

School District ,

Have Questions About This Property?

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

Schedule a Call →

Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin 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

5709 Zachary Scott St
Zachary Scott Sec 02 $325,000 $162 4 bd / 3 ba 2,009 sqft , 2025-12-05

11408 Milano Dr
BELLA FORTUNA $325,000 $224 3 bd / 2 ba 1,450 sqft , 2026-07-25

6217 Gunflint Dr
Vistas of Austin $325,000 $216 3 bd / 2 ba 1,508 sqft , 2026-09-19

12004 Murano Dr
Cloverleaf $327,330 $214 3 bd / 2 ba 1,533 sqft , 2026-03-26

11609 Domenico Cv
Cloverleaf $320,000 $242 2 bd / 2 ba 1,320 sqft , 2026-07-03

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

$1,555/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

$64,800

20% conventional investment loan

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

Estimated Gross Rent+$1,555

Principal + Interest−$1,768

Property Tax (~2.1% TX avg)−$567

Insurance (~0.5%)−$135

Est. Monthly Cash Flow $-915

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 Austin, TX

Austin 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

About the Author

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 18, 2026.

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

11512 Milano Dr

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

More Luxury Homes in Austin

Explore Austin Real Estate