Active Listing  ·  81 days on market

12308 Carlsbad Dr

Austin, TX 78738
$1,299,000
5 Bed 5 Bath 3,795 sqft $342/sqft Built 1999 0.30 acres 2-Car Garage Pool Lake Pointe

Showings begin at the open house Sunday, May 17th from 2-4. This stunning Lake Pointe residence offering the perfect blend of comfort, functionality, and resort-style outdoor living. Nestled on a picturesque lot with a private pond backdrop, this exceptional home features 5 bedrooms, 4.5 bathrooms, multiple living spaces, office areas both downstairs and up and an incredible backyard oasis designed for entertaining and relaxation. Step inside to discover an open and inviting floor plan filled with natural light from expansive windows and soaring high ceilings. The spacious living room is anchored by a cozy fireplace and a beautiful bar area and flows seamlessly into the kitchen featuring a large center island with bar seating, stainless steel appliances, and abundant storage ideal for everyday living and hosting guests. The main level primary suite offers a peaceful retreat with a spacious ensuite bathroom complete with double vanities, a garden tub, and a separate walk in shower. A convenient main floor guest suite provides flexibility for visitors or multigenerational living. Upstairs, you’ll find three additional bedrooms along with a large game room or secondary living area perfect for movie nights, play space, or a home office setup.Outside, the backyard truly shines. Enjoy a beautiful deck overlooking the sparkling pool, relaxing hot tub, and tranquil pond views, creating your own private paradise. Whether entertaining friends, enjoying quiet evenings outdoors, or taking in the serene setting, this home delivers an exceptional lifestyle in one of the area’s most desirable communities. Prime location close to acclaimed Lake Pointe Elementary in the highly esteemed Lake Travis ISD, this home provides easy access to the Hill Country Galleria’s shopping, dining, and entertainment. You can also easily access Lake Pointe's private dock via the gorgeous preserve trails.

At $342/sqft, this home is 13% 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

12308 Carlsbad Dr, Austin, TX 78738

Property Details

Price $1,299,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths 1
Living Area 3,795 sqft
Lot Size 0.30 acres (12,998.3 sqft)
Year Built 1999
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lake Pointe
County Travis
Zip Code 78738
$/sqft $342/sqft
Days on Market ,
HOA $175/Quarterly
Annual Tax Est. $21,589.24
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229722615
List Date May 15, 2026
Elementary School Lake Pointe
Middle School Bee Cave Middle School
High School Lake Travis
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 →

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 · May 15, 2026 $1,350,000
Current ask $1,299,000
Reduced $51,000 (-3.8%) 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
1310 Comal St
Oreilly James
$1,299,000 $509 6 bd / 3 ba 2,550 sqft , 2026-04-02
15086 Barrie Dr
Cardinal Hills Unit 5 Amd
$1,299,000 $368 4 bd / 4 ba 3,528 sqft , 2026-03-27
1508 Holly None #1
Welch
$1,299,000 $517 5 bd / 3 ba 2,512 sqft , 2026-05-18
7809 Old Bee Caves Rd #20
Cayena Creekside
$1,299,000 $449 4 bd / 4 ba 2,890 sqft , 2026-05-21
8204 Texas Plume Rd
Yaupon Terrace Sec 02
$1,299,000 $289 6 bd / 4 ba 4,490 sqft , 2026-07-31

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
$6,235/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
$259,800
20% conventional investment loan

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

Estimated Gross Rent+$6,235
Principal + Interest−$7,089
Property Tax (~2.1% TX avg)−$2,273
Insurance (~0.5%)−$541
Est. Monthly Cash Flow $-3,668

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 →