Active Listing  ·  43 days on market

12200 Tawny Farms Rd #139

Austin, TX 78748
$349,000
3 Bed 2 Bath 1,308 sqft $267/sqft Built 2013 0.20 acres 1-Car Garage Pool Gabardine Condo

Gabardine condos offer a rare find in the 78748 zip code with this three-bedroom, two-bathroom home type that pairs low-maintenance living with immediate access to South Austin’s outdoor trails and dining corridors. Positioned directly on a quiet greenbelt lot, this layout gives you a private backyard while keeping you connected to the active lifestyle of the area. Menchaca Road entertainment districts and South Lamar options are just a short drive away, making it easy to head out for dinner or commute into downtown Austin. As you enter the home, the main floor opens up into a shared living room and kitchen setup. This downstairs area features warm wood floors and an abundance of natural light that highlights the main living spaces. The kitchen is finished with dark cabinetry, granite countertops, a subway tiled backsplash and stainless steel appliances. This level also includes one full bedroom and one full bathroom downstairs, a highly requested setup that works well for guests or a dedicated home office. Upstairs holds the remaining living quarters, starting with a spacious primary suite. This main bedroom captures plenty of natural light and connects directly to a luxurious bathroom suite finished with beautiful tile finishes and dual sinks. The third bedroom is also located on this upper level, offering a separate space near the primary suite. Outside, the nice-sized private backyard looks out directly over the neighborhood greenbelt, providing a quiet space to unwind. This Gabardine condos property offers a functional balance of indoor space and Southwest Austin location advantages, sitting just a short distance from Mary Moore Searight Metropolitan Park and the Bauerle Ranch park trails.

At $267/sqft, this home is 32% 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

12200 Tawny Farms Rd #139, Austin, TX 78748

Property Details

Price $349,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,308 sqft
Lot Size 0.20 acres (8,694.58 sqft)
Year Built 2013
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Gabardine Condo
County Travis
Zip Code 78748
$/sqft $267/sqft
Days on Market ,
HOA $398.82/Monthly
Annual Tax Est. $7,805.42
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229252419
List Date June 22, 2026
Elementary School Baranoff
Middle School Bailey
High School Bowie
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.

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
2918 N 620 Ranch Rd #O282
VILLAS ON TRAVIS CONDOMINIUM
$349,000 $250 2 bd / 3 ba 1,395 sqft , 2025-04-18
2009 Iroquois Ln #B
East Riverside - Oltorf
$349,000 $241 2 bd / 3 ba 1,450 sqft , 2026-03-17
3901 Colorado High Ave
Colorado Crossing IV Sec 6-B
$349,000 $208 4 bd / 2 ba 1,680 sqft , 2026-04-26
11512 Flushwing Dr
Pioneer Crossing West Sec 07
$349,000 $205 3 bd / 2 ba 1,701 sqft , 2026-05-02
3506 Speedway St #301
PECAN WALK CONDOMINIUMS THE
$349,000 $284 4 bd / 2 ba 1,229 sqft , 2026-06-23

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
$1,675/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
$69,800
20% conventional investment loan

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

Estimated Gross Rent+$1,675
Principal + Interest−$1,905
Property Tax (~2.1% TX avg)−$611
Insurance (~0.5%)−$145
Est. Monthly Cash Flow $-986

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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