Active Listing  ·  27 days on market

12312 Blue Water Dr

Austin, TX 78758
$684,900
3 Bed 2 Bath 1,945 sqft $352/sqft Built 1972 0.26 acres 2-Car Garage Pool River Oak Lake Estates Sec 05

Welcome to Comfort, Style, and Security!

Nestled within a wonderful neighborhood, this beautiful, fully remodeled 3-bedroom, 2-bathroom home offers the perfect blend of contemporary indoor living and relaxing outdoor amenities.

Step inside to a spacious and inviting living room featuring a cozy fireplace and an open, seamless connection to the kitchen and dining areas. With easy access to the beautiful private backyard and patio, this thoughtfully designed space is perfect for gathering with family and friends.

The spacious, brand-new kitchen is sure to impress, featuring abundant cabinetry, brand-new stainless-steel appliances, a modern tray ceiling, contemporary lighting, and a window overlooking the private patio. The kitchen offers both style and functionality, making everyday living and entertaining effortless.

The home also features a dedicated laundry closet complete with a side-by-side washer and dryer and built-in storage shelving for added convenience and organization.

A private two-car garage provides ample parking and storage, with direct access into the home for seamless everyday living.

The three spacious bedrooms provide plenty of comfort and privacy. The generously sized secondary bathroom serves the bedrooms, while the primary suite offers a peaceful retreat with a spacious walk-in closet and a private primary bathroom.

With its modern finishes, thoughtful layout, private outdoor space, and desirable neighborhood setting, this beautifully remodeled home is ready to welcome you home.

At $352/sqft, this home is 10% 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

12312 Blue Water Dr, Austin, TX 78758

Property Details

Price $684,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,945 sqft
Lot Size 0.26 acres (11,133.94 sqft)
Year Built 1972
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision River Oak Lake Estates Sec 05
County Travis
Zip Code 78758
$/sqft $352/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $10,338.51
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246408262
List Date September 11, 2026
Elementary School River Oaks
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 →

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 · September 11, 2026 $674,999
Current ask $684,900
▲ Increased $9,901 (+1.5%) 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
1504 Corsac Way
Foxfield
$679,999 $360 3 bd / 3 ba 1,888 sqft , 2026-03-05
1300 Old Cedar Ln
River Oak Lake Estates Sec 06
$665,000 $347 4 bd / 2 ba 1,919 sqft , 2026-09-11
1506 Corsac Way
Foxfield
$651,999 $324 4 bd / 3 ba 2,015 sqft , 2026-08-13
1516 Garnaas Dr
Gracywoods
$650,000 $313 3 bd / 3 ba 2,080 sqft , 2026-07-24
1505 Corsac Way
Foxfield
$644,990 $288 4 bd / 3 ba 2,242 sqft , 2026-02-27

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
$3,288/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
$136,980
20% conventional investment loan

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

Estimated Gross Rent+$3,288
Principal + Interest−$3,738
Property Tax (~2.1% TX avg)−$1,199
Insurance (~0.5%)−$285
Est. Monthly Cash Flow $-1,934

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 · 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 27, 2026.

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