About This Home

Owner Agent, information is deemed reliable but is not guaranteed. Buyers and their agents should verify all information Open and bright with many upgrades/improvements, two story family room was closed in by builder creating a large game room and media room. 3rd car tandem garage was converted to oversize laundry/flex area. Upgrades include extended rear covered patio, 8 ft doors, wide moldings/baseboards, travertine floors, GE Monogram appliance package, with 42in built in refrigerator, pot filler, upgraded light fixtures, 16 recessed cans, 5 sets of wall sconses, a butlers panty between the kitchen and dining room and much more.....

At $248/sqft, this home is 37% 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

12013 Palisades Pkwy, Austin, TX 78732

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Property Details

Price $1,130,000

Status Active Listing

Beds 4

Full Baths 3

Half Baths 1

Living Area 4,558 sqft

Lot Size 0.28 acres (12,366.68 sqft)

Year Built 2013

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Steiner Ranch Ph 6-B

County Travis

Zip Code 78732

$/sqft $248/sqft

Days on Market ,

HOA $549/Semi-Annually

Annual Tax Est. $19,391.08

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT211629851

List Date November 12, 2025

Elementary School River Ridge

Middle School Canyon Ridge

High School Vandegrift

School District ,

Have Questions About This Property?

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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 · November 12, 2025 $1,225,000

Previous ask $1,150,000

Current ask $1,130,000

▼ Reduced $95,000 (-7.8%) 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

12804 Wooded Lake Ct
Steiner Ranch $1,099,000 $312 5 bd / 4 ba 3,527 sqft , 2026-06-18

505 Horseback Holw
Steiner Ranch Ph 01 Sec 09 $1,195,000 $295 4 bd / 4 ba 4,053 sqft , 2026-07-31

12321 Edenvale Path
Steiner Ranch $999,000 $285 4 bd / 4 ba 3,500 sqft , 2026-06-18

309 Santaluz Ln
River Dance Ph 05 $1,350,000 $322 5 bd / 6 ba 4,187 sqft , 2026-09-11

12801 Arbor Lake Cv
Steiner Ranch Ph 01 Sec 7b $1,415,000 $322 5 bd / 6 ba 4,399 sqft , 2026-06-25

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

$5,424/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

$226,000

20% conventional investment loan

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

Estimated Gross Rent+$5,424

Principal + Interest−$6,167

Property Tax (~2.1% TX avg)−$1,978

Insurance (~0.5%)−$471

Est. Monthly Cash Flow $-3,192

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 13, 2026.

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

12013 Palisades Pkwy