Active Listing  ·  60 days on market

12421 Painted Bunting Dr

Austin, TX 78726
$895,000
3 Bed 2 Bath 1,634 sqft $548/sqft Built 1992 2.47 acres Pool Painted Bunting

Private 2.47-Acre Retreat with Stunning Views, Metal Roof & Incredible Outdoor Living!

Nestled among mature trees on a peaceful 2.47-acre lot, this charming single-story home offers the perfect balance of privacy, comfort, and convenience. Inside, you'll find a spacious layout featuring upgraded luxury vinyl plank flooring, an updated kitchen, renovated bathrooms, and a bright sunroom where you can enjoy beautiful views of the surrounding landscape year-round.

One of the home's standout features is the durable metal roof, providing long-term value and peace of mind. Additional improvements include a new well pump installed in 2025 and a freshly recoated rear deck, making this property move-in ready while still offering opportunities to add your own personal touches.

Step outside to the oversized deck and experience the true highlight of the property. Whether you're enjoying your morning coffee, hosting friends and family, watching wildlife, or taking in spectacular sunsets, this expansive outdoor living space is designed to be enjoyed. The private backyard setting and breathtaking natural views create a rare sense of tranquility that's increasingly difficult to find in Austin.

If you've been searching for acreage, mature trees, scenic views, generous outdoor living space, and a home with meaningful updates already completed, this property is a must-see.

At $548/sqft, this home is priced 40% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

12421 Painted Bunting Dr, Austin, TX 78726

Property Details

Price $895,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,634 sqft
Lot Size 2.47 acres (107,462.52 sqft)
Year Built 1992
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Painted Bunting
County Travis
Zip Code 78726
$/sqft $548/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $15,169.46
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232769426
List Date June 5, 2026
Elementary School Grandview Hills
Middle School Four Points
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.

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
4510 Terry O Ln #326
STATION AT ST ELMO THE CONDOMINIUMS
$895,000 $466 3 bd / 3 ba 1,920 sqft , 2026-04-10
5508 Avenue G None
Highlands
$895,000 $486 4 bd / 3 ba 1,842 sqft , 2026-04-16
1800 Poquito St
Crows Sub Resub Lt 6& Pt Lt 7
$895,000 $419 3 bd / 3 ba 2,138 sqft , 2026-05-28
3129 Govalle Ave
Villa Govalle
$895,000 $464 3 bd / 3 ba 1,928 sqft , 2026-06-25
4530 Clawson Rd #1
Park Forest Sec 03
$899,000 $474 3 bd / 3 ba 1,896 sqft , 2026-01-18

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
$4,296/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
$179,000
20% conventional investment loan

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

Estimated Gross Rent+$4,296
Principal + Interest−$4,884
Property Tax (~2.1% TX avg)−$1,566
Insurance (~0.5%)−$373
Est. Monthly Cash Flow $-2,527

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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