Active Listing  ·  126 days on market

12017 Portobella Dr

Austin, TX 78732
$999,500
4 Bed 4 Bath 3,571 sqft $280/sqft Built 2001 0.32 acres 2-Car Garage Pool Steiner Ranch Ph 02 Sec 03-D

Gorgeous updated Steiner Ranch home on an almost one-third acre homesite backing directly to green space, providing views and privacy around the swimming pool & spa. A covered pergola, retractable awning, & mature trees add shade and outdoor usability. The updated island kitchen has Silestone counters, Shaker-style cabinets fitted with gold hardware, subway tile backsplash, gas cooktop, walk-in pantry, breakfast bar, and wood-look tile flooring. The breakfast area includes banquette seating. The family room contains a gas fireplace. A first-floor office features French doors. The first-floor master bedroom overlooks the back yard and has an organized walk-in closet. The master bath updates include dual Silestone vanities, rainfall shower, freestanding tub, and lots of storage. All three of the secondary bedrooms have walk-in closets and ceiling fans. Bedrooms 2 and 3 share a Jack-and-Jill bath while Bedroom 4 is adjacent to a full bath. The majority of the first floor has wood-look tile flooring. Recent system replacements include the first-floor HVAC and both water heaters in 2026, the second-floor HVAC in 2020, and pool filter, pump, and heater in 2023. The 2-car garage has an epoxy floor coating. Laundry room includes shelving, hanging space, and connections for both gas and electric dryers. High ceilings reaching up to twelve feet. Steiner Ranch provides three community centers with pools, tennis courts, pickleball courts, basketball courts, playgrounds, a dog park, and more than 20 miles of hike-and-bike trails, along with access to Lake Austin. This home offers recent updates to key areas, a pool with green space backdrop, and full access to Steiner Ranch amenities in a location convenient to Lake Travis. Quick Property Specs: Built in 2001 | 3,571 sq ft | 4 bedrooms | 3 full baths + 1 half bath | Office | Game Room | 2-car garage. Leander ISD schools: Steiner Ranch Elementary, Canyon Ridge Middle, & Vandegrift High School.

At $280/sqft, this home is 28% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

12017 Portobella Dr, Austin, TX 78732

Property Details

Price $999,500
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,571 sqft
Lot Size 0.32 acres (13,904.35 sqft)
Year Built 2001
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Steiner Ranch Ph 02 Sec 03-D
County Travis
Zip Code 78732
$/sqft $280/sqft
Days on Market ,
HOA $490/Semi-Annually
Annual Tax Est. $15,727.61
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT224381855
List Date March 31, 2026
Elementary School Steiner Ranch
Middle School Canyon Ridge
High School Vandegrift
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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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
668 Two Creeks Ln
Parten: 65ft. lots
$999,450 $278 4 bd / 6 ba 3,601 sqft , 2026-06-04
8105 Mesange Dr
Provence - 60'
$999,900 $245 5 bd / 5 ba 4,088 sqft , 2026-06-25
1912 Madison Ave
Crestview Add Sec 03
$999,900 $422 4 bd / 5 ba 2,368 sqft , 2026-07-31
2302 E 9th St
Grandview Place
$999,990 $422 4 bd / 3 ba 2,369 sqft , 2026-06-18
4601 Gallego Cir
Ladera Ph 4B
$999,999 $255 4 bd / 4 ba 3,929 sqft , 2026-04-14

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
$4,798/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
$199,900
20% conventional investment loan

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

Estimated Gross Rent+$4,798
Principal + Interest−$5,455
Property Tax (~2.1% TX avg)−$1,749
Insurance (~0.5%)−$416
Est. Monthly Cash Flow $-2,822

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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