Active Listing  ·  33 days on market

12212 Waterton Parke Cir

Austin, TX 78726
$950,000
4 Bed 4 Bath 3,242 sqft $293/sqft Built 2000 0.34 acres 2-Car Garage Pool Grandview Hills Parke sec 5

A morning walk to Grandview Hills Elementary, an afternoon boat ride on Lake Travis, and an evening watching the sunset from your own backyard; this single-story, 4-bedroom, 3.5-bathroom home in the Grandview Hills Parke neighborhood offers the quintessential Four Points lifestyle. Standing on over a 1/3 acre, the largest lot in the community, this single-level property breaks the mold for the area, matching its rare footprint with a top-tier renovation. Every square foot shows incredible attention to detail, from the new wood flooring to the fresh paint throughout. In the main living room, a wall of windows frame views of the expansive yard, flanked by a corner brick fireplace and custom built-in bookshelves. The kitchen connects directly to this space, showing off an island, custom cabinetry, brass hardware, and quartz countertops. Serious cooks will appreciate the appliance setup, featuring a Thermador range and a built-in Sub-Zero refrigerator. A separate formal dining room and a bright breakfast area offer distinct spaces for holiday dinners or casual morning coffee. The single-story layout handles a busy household effortlessly. A large, dedicated office easily accommodates multiple workstations. Nearby, a separate game room keeps media out of sight from the main living space. The primary suite is a private retreat at the back of the house, featuring an updated ensuite bathroom with a soaking tub, a step-in shower, a dual vanity, and a walk-in closet. Off the garage, a finished flex space serves perfectly as a private home gym or extra workspace, with a wall that can easily come down if you prefer a true tandem three-car garage. Outside, the professionally landscaped yard features a shaded covered patio, a sprawling green lawn, and a secondary stone patio under the trees. The Parke neighborhood sits surrounded by quiet greenbelts, minutes from Vandegrift High School, shopping and dining along RM 2222 and Highway 620, and a 25-minute drive into Downtown Austin.

At $293/sqft, this home is 25% 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 Waterton Parke Cir, Austin, TX 78726

Property Details

Price $950,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,242 sqft
Lot Size 0.34 acres (14,644.87 sqft)
Year Built 2000
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Grandview Hills Parke sec 5
County Travis
Zip Code 78726
$/sqft $293/sqft
Days on Market ,
HOA $73/Monthly
Annual Tax Est. $15,441.79
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238333169
List Date July 2, 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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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
5405 Prock Ln
Moore D C
$950,000 $367 5 bd / 2 ba 2,588 sqft , 2026-03-01
10603 Valley Vista Rd
Cedar Valley
$950,000 $414 3 bd / 3 ba 2,295 sqft , 2026-04-10
7207 Mesa Dr
Highland Hills Northwest Sec 1
$950,000 $356 4 bd / 2 ba 2,672 sqft , 2026-02-25
604 Navigator Dr
Highland Horizon Ph 01
$950,000 $255 4 bd / 4 ba 3,727 sqft , 2026-05-18
9803 Ribelin Ranch Ct #19
VUE at 2222
$950,000 $399 4 bd / 4 ba 2,378 sqft , 2026-06-12

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
$4,560/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
$190,000
20% conventional investment loan

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

Estimated Gross Rent+$4,560
Principal + Interest−$5,185
Property Tax (~2.1% TX avg)−$1,663
Insurance (~0.5%)−$396
Est. Monthly Cash Flow $-2,684

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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