Active Listing  ·  159 days on market

12409 CENTRAL PARK Dr

Austin, TX 78732
$594,000
3 Bed 3 Bath 2,402 sqft $247/sqft Built 2006 0.16 acres 2-Car Garage Pool Steiner Ranch Parkside

FABULOUS ROOF JUST INSTALLED - MAY 2026!!!

Exceptional home in an award-winning community, ideally situated in a top-rated school district with a prime, convenient location. Enjoy walkability to charming local shopping, wonderful dining, and nearby schools. Property owners have the rare privilege of access to Lake Austin—one of Austin’s most treasured amenities.The home offers a beautifully designed layout that lives like a one-story, with a spacious bonus room upstairs. An open and airy floor plan features two generous living areas and two dining spaces, perfect for both everyday living and entertaining. The fenced backyard provides a serene outdoor setting with direct access to a walking path and greenbelt. There is a wonderful covered patio giving the property a perfect spot for outdoor living.This residence exudes charm and offers a truly special ambiance.

At $247/sqft, this home is 37% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

12409 CENTRAL PARK Dr, Austin, TX 78732

Property Details

Price $594,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,402 sqft
Lot Size 0.16 acres (6,926.04 sqft)
Year Built 2006
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Steiner Ranch Parkside
County Travis
Zip Code 78732
$/sqft $247/sqft
Days on Market ,
HOA $610/Semi-Annually
Annual Tax Est. $10,925.72
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT226514318
List Date April 17, 2026
Elementary School Laura Welch Bush
Middle School Canyon Ridge
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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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 · April 17, 2026 $615,000
Previous ask $599,000
Current ask $594,000
Reduced $21,000 (-3.4%) 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
3001 Centennial Olympic Park
Steiner Ranch Parkside
$580,000 $225 4 bd / 3 ba 2,575 sqft , 2026-06-16
2505 Golden Gate Park
Steiner Ranch Parkside
$620,000 $233 4 bd / 3 ba 2,666 sqft , 2026-07-01
3009 Centennial Olympic Park
Steiner Ranch Parkside
$565,000 $245 3 bd / 2 ba 2,307 sqft , 2026-07-01
12629 Lee Park Ln
Steiner Ranch Parkside
$624,000 $246 4 bd / 3 ba 2,533 sqft , 2026-07-31
2904 Centennial Olympic Park
Steiner Ranch Parkside
$550,000 $248 3 bd / 2 ba 2,216 sqft , 2026-07-23

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
$2,851/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
$118,800
20% conventional investment loan

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

Estimated Gross Rent+$2,851
Principal + Interest−$3,242
Property Tax (~2.1% TX avg)−$1,040
Insurance (~0.5%)−$248
Est. Monthly Cash Flow $-1,679

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 20, 2026.

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