Active Listing  ·  107 days on market

12404 Reserve Creek Dr

Austin, TX 78748
$469,500
3 Bed 3 Bath 1,885 sqft $249/sqft Built 2017 0.27 acres 2-Car Garage Pool Gabardine Condo

Designed with flexibility in mind, this thoughtfully planned 3-bedroom, 3-bath home features **two bedrooms and two full bathrooms on the main level**, including the primary suite. The upstairs bedroom, full bath, walk-in closet, and covered balcony provide comfortable space for guests, extended family, a home office, or a second primary suite.

The open-concept living area features wood flooring, tall ceilings, abundant natural light, and a spacious kitchen with granite countertops, stainless steel appliances, abundant cabinetry, and a large center island. Enjoy the covered patio overlooking mature trees and beautifully maintained green space.

Residents enjoy the gated Gabardine community with a pool, clubhouse, walking trails, seasonal pond, and beautifully maintained common areas. The HOA provides exceptional value by covering exterior home maintenance, landscaping, lawn care, irrigation water, sprinkler system maintenance, gutter cleaning, tree trimming, exterior insurance, and community amenities—allowing you to enjoy your home instead of maintaining it. Conveniently located near shopping, dining, major commuter routes, and highly acclaimed Bowie High School.

At $249/sqft, this home is 36% 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

12404 Reserve Creek Dr, Austin, TX 78748

Property Details

Price $469,500
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 1,885 sqft
Lot Size 0.27 acres (11,669.72 sqft)
Year Built 2017
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Gabardine Condo
County Travis
Zip Code 78748
$/sqft $249/sqft
Days on Market ,
HOA $535.21/Monthly
Annual Tax Est. $9,875.8
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT228448344
List Date May 9, 2026
Elementary School Baranoff
Middle School Bailey
High School Bowie
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
2516 Hopsack Mills Rd
Gabardine Condo
$469,000 $195 3 bd / 3 ba 2,407 sqft , 2026-05-13
11614 Buster Crabbe Dr
Olympic Heights West
$475,000 $295 3 bd / 3 ba 1,608 sqft , 2026-06-27
2004 Garretts Way
Hills Of Bear Creek Sec 1
$478,900 $192 4 bd / 4 ba 2,496 sqft , 2026-08-15
3005 Shoot Out Ct
Shady Hollow Sec 06 Ph D
$449,000 $254 3 bd / 2 ba 1,765 sqft , 2026-08-19
12316 Sugar Leaf Pl
Southland Oaks Sec 03-C
$498,900 $317 3 bd / 2 ba 1,573 sqft , 2026-07-07

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
$2,254/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
$93,900
20% conventional investment loan

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

Estimated Gross Rent+$2,254
Principal + Interest−$2,562
Property Tax (~2.1% TX avg)−$822
Insurance (~0.5%)−$196
Est. Monthly Cash Flow $-1,326

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 July 22, 2026.

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