Active Listing  ·  117 days on market

121 Kulmbacher Dr

Austin, TX 78728
$499,900
3 Bed 3 Bath 2,554 sqft $196/sqft Built 2019 0.13 acres 2-Car Garage Pool Willow Trace

Rare Greenbelt View Lot. Experience the perfect blend of luxury and convenience in the highly sought-after Willow Trace neighborhood. Quiet, serene greenbelt lot with panoramic, expansive Canyon and Pond views from the back. Impeccable condition, feels like new construction. A remarkably low 1.5272% tax rate. Luxury Vinyl Plank (LVP) floors. 9-foot ceilings. Open floor plan. Modern, contemporary feel. Gourmet kitchen with Silestone counters, oversized island, and 42-inch painted maple cabinets. Double ovens. Stainless appliances. Moen faucets. Large backyard with an expanded oversized covered patio to enjoy the panoramic views. Refrigerator, Tesla charger, and Vivint Security system all convey. 3 bedrooms plus an office and a game room. 2.5 baths. 2 car garage. 2,554 square feet. Primary bedroom with double vanities, garden tub, and walk-in closet. HOA Amenities include a community park, playground, and sports court located at 151 Kulmbacher. Katherine Fleischer Park is also nearby at 2106 Klattenhoff Dr, Austin, TX 78728. Roof is 2023. HVAC 2019. Water Heater 2019. Top-rated Round Rock ISD schools. McNeil High is now offering the prestigious IB program: https://ib.roundrockisd.org/ Great location, positioned in the heart of the tech corridor, close to Dell, Samsung, Apple, La Frontera, Tech Ridge, eBay, PayPal, Google, Electronic Arts, and Amazon. Near shopping, eateries, and restaurants. 5 minutes from H-E-B at 6001 W Parmer. Easy access to IH-35, Mopac, and Toll 45, making commuting a breeze. 12 minutes from The Domain. 20 minutes from downtown Austin. 27 minutes from the airport. 29 minutes from Tesla. 5 minutes from Metro Howard Station Park and Ride. Electric is powertochoose.org. Water and Sewer are City of Austin. Trash is Waste Management. The Internet is ATT or Spectrum. All-electric neighborhood. https://121kulmbacherdrive.mls.tours/u/

At $196/sqft, this home is 50% 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

121 Kulmbacher Dr, Austin, TX 78728

Property Details

Price $499,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,554 sqft
Lot Size 0.13 acres (5,575.68 sqft)
Year Built 2019
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Willow Trace
County Williamson
Zip Code 78728
$/sqft $196/sqft
Days on Market ,
HOA $425/Annually
Annual Tax Est. $7,592
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT227334686
List Date April 27, 2026
Elementary School Joe Lee Johnson
Middle School Deerpark
High School McNeil
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 · April 27, 2026 $550,000
Previous ask $525,000
Current ask $499,900
Reduced $50,100 (-9.1%) 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
3809 Talladega Trce
Silverstone
$499,900 $194 4 bd / 4 ba 2,578 sqft , 2026-08-06
16000 Canberra Trl
Raceway Single Family Sub Sec
$499,999 $199 4 bd / 3 ba 2,507 sqft , 2026-06-09
15810 Celosia St
Preston Park Sec 3
$477,000 $227 4 bd / 3 ba 2,103 sqft , 2026-07-22
16100 Hawthorne Heights Trl
Raceway Single Family Sub Sec
$465,000 $192 4 bd / 3 ba 2,423 sqft , 2026-08-14
15413 Ozone Pl
Willow Run Sec 01
$464,700 $240 4 bd / 2 ba 1,940 sqft , 2024-06-21

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
$2,400/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
$99,980
20% conventional investment loan

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

Estimated Gross Rent+$2,400
Principal + Interest−$2,728
Property Tax (~2.1% TX avg)−$875
Insurance (~0.5%)−$208
Est. Monthly Cash Flow $-1,411

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 21, 2026.

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