Active Listing  ·  27 days on market

12208 Fairway Cv

Austin, TX 78732
$599,000
3 Bed 2 Bath 2,074 sqft $289/sqft Built 2012 0.36 acres 2-Car Garage Pool Steiner Ranch

A quiet cul-de-sac. A flexible floor plan. A community that makes staying close to home feel like getting away. Explore 12208 Fairway Cove in Steiner Ranch with photos, a virtual tour, and property details at https://show.tours/12208fairwaycove.

This beautifully maintained 3-bedroom, 2-bath home welcomes you with abundant natural light and an open-concept layout designed for connection. The kitchen anchors the main living spaces with ample cabinetry, generous counter space, and an easy flow into the dining and living areas. From relaxed mornings to a house full of guests, the layout makes it easy to cook, gather, and stay part of the conversation.

A separate flex space gives you the freedom to create what your next chapter needs: a dedicated office, second living area, home gym, or hobby room. The primary suite offers a comfortable retreat with an en-suite bath and walk-in closet, while thoughtfully positioned secondary bedrooms provide separation and versatility. Outside, the backyard sets the scene for open-air dinners, weekend gatherings, and quiet evenings beneath the Texas sky.

Life in Steiner Ranch extends well beyond your backyard. Community pools offer a refreshing escape on warm afternoons, while neighborhood parks provide inviting places to spend time outdoors. Miles of scenic hiking and biking trails make it easy to trade screen time for fresh air and explore the landscape at your own pace. The Steiner Ranch Lake Club adds another dimension to the lifestyle, bringing the community’s connection to Lake Austin into focus. Whether your ideal weekend starts on a trail, beside the pool, or near the water, there is plenty to enjoy close to home.

With Lake Austin and Lake Travis nearby, plus convenient access to shopping and dining, this address brings together everyday comfort and outdoor possibility. Come for the cul-de-sac setting and adaptable spaces. Stay for the lifestyle that makes Steiner Ranch so appealing.

At $289/sqft, this home is 26% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

12208 Fairway Cv, Austin, TX 78732

Property Details

Price $599,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,074 sqft
Lot Size 0.36 acres (15,890.69 sqft)
Year Built 2012
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Steiner Ranch
County Travis
Zip Code 78732
$/sqft $289/sqft
Days on Market ,
HOA $1,171.5/Semi-Annually
Annual Tax Est. $11,715.19
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249925314
List Date October 16, 2026
Elementary School River Ridge
Middle School Canyon Ridge
High School Vandegrift
School District Leander ISD

Leander ISD

River Ridge · Canyon Ridge · Vandegrift

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
2505 Golden Gate Park
Steiner Ranch Parkside
$599,000 $225 4 bd / 3 ba 2,666 sqft , 2026-07-01
2601 N Quinlan Park Rd #203
Longhorn Canyon Condos Bldg 2
$595,000 $288 2 bd / 3 ba 2,063 sqft , 2026-10-22
12409 CENTRAL PARK Dr
Steiner Ranch Parkside
$585,000 $244 3 bd / 3 ba 2,402 sqft , 2026-04-17
3604 Sandoval Ct
Steiner Ranch Ph 01 Sec 02-A
$575,000 $284 3 bd / 2 ba 2,027 sqft , 2026-09-24
2904 Centennial Olympic Park
Steiner Ranch Parkside
$550,000 $248 3 bd / 2 ba 2,216 sqft , 2026-07-23

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
$2,875/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
$119,800
20% conventional investment loan

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

Estimated Gross Rent+$2,875
Principal + Interest−$3,269
Property Tax (assumed ~2.1%)−$1,048
Insurance (assumed ~0.5%)−$250
Est. Monthly Cash Flow $-1,692

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 · 41 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. The written content was last updated on November 11, 2026.

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

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