Active Listing  ·  35 days on market

12505 Parkland Dr

Austin, TX 78729
$509,900
4 Bed 2 Bath 1,795 sqft $284/sqft Built 1975 0.26 acres Pool JOLLY OAKS PH 1

Beautifully remodeled 4-bedroom, 2-bath home offering approximately 1,795 square feet on an oversized 1/3-acre cul-de-sac lot. The property features a large in-ground pool, updated pool equipment, a recently refreshed pool finish, and a new 8-foot privacy fence—creating an impressive outdoor space ready for entertaining and relaxing.

The expansive backyard offers endless possibilities, with plenty of room for a BBQ area, outdoor kitchen, firepit, yard games, play equipment, or your own private retreat. One side yard provides potential space for boat or RV parking, while the opposite side offers additional room for outdoor seating, storage, or entertaining. With this much usable outdoor space, there is no shortage of ways to make the property your own.

Inside, the home has been thoughtfully updated with beautiful vinyl flooring throughout the main living areas, fresh interior and exterior paint, all-new windows, recessed lighting, and updated light fixtures. The remodeled kitchen features quartz countertops, updated cabinetry and finishes, generous workspace, and a bright, modern look. Both bathrooms have been refreshed with stylish tile and updated fixtures, including a spacious walk-in shower in the primary bathroom.

Located in Northwest Austin’s ETJ, this property offers the freedom of no HOA and a low estimated tax rate of approximately 1.5114%. The septic system was recently pumped and inspected, adding extra peace of mind for the next owner.

Enjoy convenient access to Hwy 183, SH-45, and MoPac, making it easy to reach major employment centers throughout Northwest Austin. H-E-B Plus!, Lakeline Mall, neighborhood restaurants, shopping, and a popular food-truck park are all nearby. Conveniently located near Apple and other major technology employers and zoned to highly regarded Round Rock ISD. This home delivers the updates, outdoor space, pool, privacy, and location that are becoming increasingly difficult to find in Northwest Austin.

At $284/sqft, this home is 28% 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 Parkland Dr, Austin, TX 78729

Property Details

Price $509,900
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,795 sqft
Lot Size 0.26 acres (11,395.3 sqft)
Year Built 1975
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision JOLLY OAKS PH 1
County Williamson
Zip Code 78729
$/sqft $284/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,602.11
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245346925
List Date September 3, 2026
Elementary School Forest North
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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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 · September 3, 2026 $529,900
Previous ask $519,900
Current ask $509,900
▼ Reduced $20,000 (-3.8%) 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
9507 Sherbrooke St
Forest North Estates Ph 2
$505,000 $281 5 bd / 2 ba 1,799 sqft , 2026-08-20
12604 Red Sparrow St #14
Springwoods Place Condos
$500,000 $281 3 bd / 3 ba 1,779 sqft , 2025-11-08
12223 Old Stage Trl
Village 01 At Anderson Mill
$495,000 $302 4 bd / 3 ba 1,641 sqft , 2026-08-03
12307 Boneta Cv
Los Indios Ph A
$495,000 $208 3 bd / 3 ba 2,382 sqft , 2026-09-28
13002 Cedarhurst Cir
Forest North Estates Ph 2
$540,000 $259 4 bd / 2 ba 2,086 sqft , 2026-04-15

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
$2,448/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
$101,980
20% conventional investment loan

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

Estimated Gross Rent+$2,448
Principal + Interest−$2,783
Property Tax (~2.1% TX avg)−$892
Insurance (~0.5%)−$212
Est. Monthly Cash Flow $-1,439

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 October 6, 2026.

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