Active Listing  ·  107 days on market

12204 Waterton Parke Cir

Austin, TX 78726
$629,000
4 Bed 3 Bath 2,549 sqft $247/sqft Built 1999 0.26 acres 3-Car Garage Pool Parke Sec 05

Discover a harmonious blend of sophistication and comfort in this stunning single-story residence, perfectly situated in the desirable Waterton Parke community. This exceptional home offers an expansive open floor plan, meticulously designed with elegant tile throughout and vinyl in bedrooms, ensuring a carpet-free environment. The heart of the home is a chef's kitchen, boasting a convenient center island and high-end Bosch appliances installed in 2025, complemented by a new disposal, creating an ideal space for culinary exploration and entertaining. Retreat to the updated bathrooms, featuring new tile, contemporary cabinets, modern fixtures, and a refreshed tub for a spa-like experience.

Beyond the interior, a private backyard oasis awaits, complete with a cozy firepit, a spacious deck perfect for outdoor gatherings, a playscape for recreation, and a dedicated putting green for leisure. The convenience of automatic sprinklers for both front and back yards simplifies maintenance. Enjoy the added peace of mind with a Ring doorbell and ADT wiring already in place. Practical features include a three-car garage with built-in storage, and comfort is assured with a new HVAC system installed in July 2026, new garbage disposal, new touchless kitchen faucet, alongside plantation shutters, modern fixtures, and ceiling fans enhancing every room. The community offers fantastic amenities including a saltwater pool and scenic trails, while the prime location provides easy access to an elementary school, Lake Travis just ten minutes away, and everyday essentials with HEB, Target, and Home Depot all within a five-minute drive.

At $247/sqft, this home is 37% 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

12204 Waterton Parke Cir, Austin, TX 78726

Property Details

Price $629,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,549 sqft
Lot Size 0.26 acres (11,390.94 sqft)
Year Built 1999
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Parke Sec 05
County Travis
Zip Code 78726
$/sqft $247/sqft
Days on Market ,
HOA $47/Monthly
Annual Tax Est. $13,282.12
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT228004565
List Date April 30, 2026
Elementary School Grandview Hills
Middle School Four Points
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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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 30, 2026 $639,000
Current ask $629,000
Reduced $10,000 (-1.6%) 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
7911 Ryans Way
Woods at Four Points
$619,000 $221 5 bd / 4 ba 2,799 sqft , 2026-06-24
12017 Mira Vista Way #VH51
Versante Canyon Homes Condo
$649,990 $282 3 bd / 3 ba 2,304 sqft , 2026-08-05
11912 Mira Vista Way #VH28
Versante Canyon Homes Condo
$674,000 $267 3 bd / 3 ba 2,526 sqft , 2026-07-18
11812 Mira Vista Way
Versante Canyon Homes Condo
$690,000 $273 4 bd / 3 ba 2,531 sqft , 2026-07-23
11911 Bay Heights Way #91
Montebello
$699,000 $347 3 bd / 3 ba 2,016 sqft , 2026-08-06

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
$3,019/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
$125,800
20% conventional investment loan

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

Estimated Gross Rent+$3,019
Principal + Interest−$3,433
Property Tax (~2.1% TX avg)−$1,101
Insurance (~0.5%)−$262
Est. Monthly Cash Flow $-1,777

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 13, 2026.

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