Active Listing  ·  74 days on market

12501 Preece Dr

Austin, TX 78729
$480,000
3 Bed 2 Bath 1,741 sqft $276/sqft Built 1981 0.26 acres 2-Car Garage Pool Springwoods Sec 01

Brand New Roof!! Welcome to 12501 Preece Drive, a charming single-story home nestled on a spacious corner lot in the established Springwoods community. Offering 1,741 square feet of thoughtfully designed living space, this 3-bedroom, 2-bath residence combines comfort, functionality, and timeless appeal. The inviting floor plan features a bright living room anchored by a cozy wood-burning fireplace, an eat-in kitchen with a breakfast bar and center island, and a primary suite complete with double vanities and dual closets. French doors, plantation shutters, and abundant natural light enhance the home's character throughout. Step outside to enjoy the large fenced. backyard shaded by mature trees Conveniently located within Round Rock ISD and just minutes from major employers, shopping, dining, and entertainment, this home offers an exceptional opportunity to enjoy established neighborhood living in a prime Northwest Austin location.

At $276/sqft, this home is 29% 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

12501 Preece Dr, Austin, TX 78729

Property Details

Price $480,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,741 sqft
Lot Size 0.26 acres (11,238.48 sqft)
Year Built 1981
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Springwoods Sec 01
County Williamson
Zip Code 78729
$/sqft $276/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229738554
List Date June 1, 2026
Elementary School Live Oak
Middle School Deerpark
High School McNeil
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
8105 Elkhorn Mountain Trl
Hunters Chase Sec 01
$469,000 $229 4 bd / 2 ba 2,052 sqft , 2026-03-20
8905 Bridgewood Trl
Springwoods Sec 02e
$465,000 $217 4 bd / 3 ba 2,139 sqft , 2026-07-23
9513 Braeburn Gln
Forest North Estates Ph 3
$499,000 $337 3 bd / 2 ba 1,481 sqft , 2026-07-09
13202 ADONIS Dr
SPRINGWOODS 2G
$499,999 $237 4 bd / 3 ba 2,111 sqft , 2026-04-10
12604 Red Sparrow St #14
Springwoods Place Condos
$500,000 $281 3 bd / 3 ba 1,779 sqft , 2025-11-08

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
$2,304/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
$96,000
20% conventional investment loan

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

Estimated Gross Rent+$2,304
Principal + Interest−$2,620
Property Tax (~2.1% TX avg)−$840
Insurance (~0.5%)−$200
Est. Monthly Cash Flow $-1,356

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 28, 2026.

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