Active Listing  ·  23 days on market

12505 Monaghan Trl

Austin, TX 78727
$610,000
4 Bed 2 Bath 2,293 sqft $266/sqft Built 1983 0.24 acres 2-Car Garage Pool Milwood Sec 09

Custom home in the desirable Millwood neighborhood has rooms for gathering, hobbies, work and play. An addition and modifications built by the original homebuilder, Bill Milburn, add considerable square footage and utility not found elsewhere in the neighborhood and now being sold by just the second owner. The original three bedroom floor plan was modified to include a two room addition creating a forth bedroom as well as a large, discrete office/craft space that includes built-in desks, storage, file cabinets and a private entrance through sliding glass doors. A third custom space, a home office with full built-in desk and storage, is accessed just off the entryway. The great room has a vaulted ceiling, gas-fired stone fireplace and built-in bookcase that is plumbed for a wet bar. The primary bedroom and ensuite bathroom boast a large list of amenities including access to the covered back deck, walk-in closets, a double vanity and a spacious stand alone shower built for two. Solar tubes in every bathroom and office space ensure there is ample natural light. The kitchen is designed for the everyday home cook, with natural maple cabinets, engineered countertops and gas range. A large utility room with washer/dryer hookups and space for additional kitchen storage connects the kitchen to the garage. The wrap-around rear deck has a large covered area shaded from the afternoon sun, once hosting a large above ground pool (since removed). Area amenities include 40 acres of nature trails at Yett Creek Park and a pool, playscape and sport courts at nearby Balcones District Park. The house sits on a quiet cul-de-sac and is in the attendance zone for Anderson High School, Murchison Middle School and Summit Elementary and just minutes to major tech employers Apple, IBM and Oracle.

At $266/sqft, this home is 32% 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

12505 Monaghan Trl, Austin, TX 78727

Property Details

Price $610,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 2,293 sqft
Lot Size 0.24 acres (10,641.71 sqft)
Year Built 1983
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Milwood Sec 09
County Travis
Zip Code 78727
$/sqft $266/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $13,238
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246765731
List Date September 15, 2026
Elementary School Summitt
Middle School Murchison
High School Anderson
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
3907 Skipton Dr
Milwood Sec 04
$599,900 $369 4 bd / 2 ba 1,627 sqft , 2026-05-07
3802 Hawkshead Dr
Milwood Sec 04
$595,000 $314 4 bd / 2 ba 1,895 sqft , 2026-05-31
4804 Duval Rd #51
Grove at Duval Condominiums
$625,000 $294 3 bd / 3 ba 2,124 sqft , 2026-09-14
4519 Sidereal Dr
Milwood Sec 10
$550,000 $230 3 bd / 3 ba 2,388 sqft , 2026-07-29
12217 Antoinette Pl
Milwood Sec 07
$550,000 $306 3 bd / 3 ba 1,796 sqft , 2026-10-06

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
$2,928/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
$122,000
20% conventional investment loan

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

Estimated Gross Rent+$2,928
Principal + Interest−$3,329
Property Tax (~2.1% TX avg)−$1,068
Insurance (~0.5%)−$254
Est. Monthly Cash Flow $-1,723

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 17, 2026.

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