Active Listing  ·  23 days on market

12218 Cottage Promenade Ct

Austin, TX 78753
$439,000
3 Bed 3 Bath 1,801 sqft $244/sqft Built 2016 0.08 acres 1-Car Garage Pool Enclave of the Springs

*1% Lender credit being offered to buy rate down or cover closing costs!! Tucked along a charming street filled with Craftsman-style homes, this rare 3 bedroom/3 full bathroom Scott Felder residence offers something truly special: a peaceful greenbelt setting right in the heart of North Austin. Step inside to soaring ceilings, abundant natural light, and a thoughtfully designed floor plan filled with stylish builder upgrades and high-quality finishes. The main living flows effortlessly into the modern kitchen & dining space, creating an open and inviting feel. *All appliances convey.

The three-bedroom floor plan offers incredible flexibility, with a serene primary suite overlooking the greenbelt plus a secondary bedroom and full bath downstairs. Upstairs, a private third bedroom with an ensuite bath and walk-in closet makes the perfect guest retreat or second primary suite.

Out back, a recently re-stained deck and covered patio overlook the lush greenbelt—perfect for morning coffee, outdoor dinners, or unwinding at the end of the day.

Complete with a recent paint refresh, tankless water heater, water softener, and numerous builder upgrades, this home pairs style and comfort with an unbeatable location near Walnut Creek, The Domain, Q2 Stadium, Dell, shopping, dining, and more! Peaceful, private, and perfectly connected.

At $244/sqft, this home is 38% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

12218 Cottage Promenade Ct, Austin, TX 78753

Property Details

Price $439,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 1,801 sqft
Lot Size 0.08 acres (3,484.8 sqft)
Year Built 2016
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Enclave of the Springs
County Travis
Zip Code 78753
$/sqft $244/sqft
Days on Market ,
HOA $160/Monthly
Annual Tax Est. $8,407.33
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246783548
List Date September 15, 2026
Elementary School Copperfield
Middle School Westview
High School John B Connally
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
11920 Natures Bnd
Springs/Walnut Crk Ph II
$450,000 $259 3 bd / 2 ba 1,740 sqft , 2026-09-24
12572 Wethersby Way
Copperfield 04 Sec I-B
$424,924 $188 4 bd / 3 ba 2,257 sqft , 2026-09-28
202 E Caddo St
Eubank Acres Sec 02
$459,990 $227 3 bd / 2 ba 2,029 sqft , 2026-06-17
102 W Covington Dr
Eubank Acres Sec 02
$395,000 $283 3 bd / 2 ba 1,398 sqft , 2026-01-28
12700 Danbrook Cv
Harris Ridge Ph 04 Sec A-1
$389,000 $179 4 bd / 2 ba 2,173 sqft , 2026-10-02

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
$2,107/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
$87,800
20% conventional investment loan

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

Estimated Gross Rent+$2,107
Principal + Interest−$2,396
Property Tax (~2.1% TX avg)−$768
Insurance (~0.5%)−$183
Est. Monthly Cash Flow $-1,240

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 September 24, 2026.

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