Active Listing  ·  19 days on market

12004 Dillon Falls Dr

Austin, TX 78747
$409,990
4 Bed 3 Bath 2,323 sqft $176/sqft Built 2026 0.14 acres 2-Car Garage Pool New Construction Cascades at Onion Creek

In the city limits of Austin, this Falcon floor plan offers 2,323 square feet of thoughtfully designed living space with 4 bedrooms, 2.5 bathrooms, and a 2-car garage. This two-story home features an open-concept layout with high ceilings and a spacious kitchen at the heart of the home, complete with sleek countertops, modern appliances, and ample storage. The kitchen flows seamlessly into the dining and living areas, creating an ideal space for entertaining or everyday living. All bedrooms are generously sized, providing comfortable retreats, while the primary suite includes a dual vanity, walk-in shower, and a relaxing soaking tub. Enjoy outdoor living on the covered patio—this homesite backs to green space, offering added privacy and a peaceful view.

At $176/sqft, this home is 55% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

12004 Dillon Falls Dr, Austin, TX 78747

Property Details

Price $409,990
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,323 sqft
Lot Size 0.14 acres (6,011.28 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Cascades at Onion Creek
County Travis
Zip Code 78747
$/sqft $176/sqft
Days on Market ,
HOA $65/Monthly
Annual Tax Est. $530.45
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT242431385
List Date August 5, 2026
Elementary School Blazier
Middle School Paredes
High School Akins
School District ,

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.

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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 · August 5, 2026 $414,990
Current ask $409,990
Reduced $5,000 (-1.2%) 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 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
5413 Murano Cv
Cloverleaf
$411,970 $213 4 bd / 2 ba 1,937 sqft , 2026-05-21
707 Allende Bnd
Enclave at Estancia
$414,000 $226 3 bd / 2 ba 1,833 sqft , 2026-07-21
11728 Domenico Cv
Cloverleaf
$416,510 $215 4 bd / 2 ba 1,937 sqft , 2026-04-24
11916 Murano Dr
Cloverleaf
$401,990 $155 5 bd / 3 ba 2,595 sqft , 2026-05-07
4717 Lava Island Dr
Cascades at Onion Creek
$399,990 $172 4 bd / 3 ba 2,323 sqft , 2026-05-11

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
$1,968/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
$81,998
20% conventional investment loan

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

Estimated Gross Rent+$1,968
Principal + Interest−$2,237
Property Tax (~2.1% TX avg)−$717
Insurance (~0.5%)−$171
Est. Monthly Cash Flow $-1,157

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

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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 August 17, 2026.

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