About This Home

This is a beautifully remodeled home with a custom build detached studio and high quality finish. Rough-hewn wood floor, quartz counters with elegant marble veining, shiplap accent on ceiling and walls, custom cabinetry, high end stainless appliances and modern bathrooms. The detached studio offers endless possibilities of use: office, yoga, music studio, library, guest room, etc. The property lot backs to a green space, which gives much privacy. Enjoy the expansive large pavers patio and the terraced yard. Plenty of space to entertain guests or to take a quiet refuge. Location is strategically minutes to many major employers, the Domain with easy access to Mopac and 183 Hwy.

At $338/sqft, this home is 14% 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

12212 Scribe Dr, Austin, TX 78759

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Property Details

Price $585,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,730 sqft

Lot Size 0.20 acres (8,929.8 sqft)

Year Built 1978

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Walnut Crossing Sec 01

County Travis

Zip Code 78759

$/sqft $338/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $10,961

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT241721543

List Date July 30, 2026

Elementary School Summitt

Middle School Murchison

High School Anderson

School District ,

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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

3907 Skipton Dr
Milwood Sec 04 $599,900 $369 4 bd / 2 ba 1,627 sqft , 2026-05-07

3211 Canter Ln
Walnut Crossing Sec 02 $564,900 $350 4 bd / 2 ba 1,612 sqft , 2026-07-02

3808 Oak Creek Dr
Northwood $555,000 $348 3 bd / 2 ba 1,594 sqft , 2026-06-19

3802 Hawkshead Dr
Milwood Sec 04 $635,000 $335 4 bd / 2 ba 1,895 sqft , 2026-05-31

12903 Silver Creek Dr
Northwood Sec 02 $659,000 $311 3 bd / 3 ba 2,116 sqft , 2026-05-01

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

$2,808/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

$117,000

20% conventional investment loan

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

Estimated Gross Rent+$2,808

Principal + Interest−$3,193

Property Tax (~2.1% TX avg)−$1,024

Insurance (~0.5%)−$244

Est. Monthly Cash Flow $-1,653

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

About the Author

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 11, 2026.

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

12212 Scribe Dr

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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