Active Listing  ·  110 days on market

12506 Painted Bunting Dr

Austin, TX 78726
$1,100,000
3 Bed 3 Bath 2,275 sqft $484/sqft Built 1964 4.00 acres Pool Painted Bunting

A rare opportunity to own 4 private acres in North Austin, just minutes from Hwy 620 and the Apple campus. Surrounded by mature oaks and natural beauty, this property offers a level of privacy, usable land, and flexibility that is increasingly hard to find this close to the city. The 1964 home blends timeless architectural character with thoughtful modern updates, including a remodeled kitchen, renovated primary suite with a new bath and oversized walk-in closet, updated secondary bathrooms, and fresh interior paint. The centerpiece of the home is a striking living room with mid-century influence, dramatic wood-beamed ceilings, natural stone accents, and a wall of windows that brings the Texas landscape into full view. Whether you're looking for a private residence to enjoy now or a future dream-home site while keeping the existing home as a guest house, the property offers a unique combination of character, functionality, and long-term potential. Just minutes from major employers, dining, shopping, entertainment, and everyday conveniences, the setting feels quiet, secluded, and far removed from the pace of the city. Fully usable 4-acre homesites rarely come available in this market area. Properties like this are hard to replace and even harder to forget once you’ve seen them.

At $484/sqft, this home is priced 24% 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

12506 Painted Bunting Dr, Austin, TX 78726

Property Details

Price $1,100,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 2,275 sqft
Lot Size 4.00 acres (174,196.44 sqft)
Year Built 1964
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Painted Bunting
County Travis
Zip Code 78726
$/sqft $484/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $10,314
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT226358824
List Date April 16, 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
2902 Oakmont Blvd
Brykerwoods Annex 02 Resub
$1,100,000 $422 4 bd / 3 ba 2,606 sqft , 2025-11-13
2806 W 44th St #B
Highland Park
$1,100,000 $489 3 bd / 4 ba 2,250 sqft , 2026-05-13
1204 W 22 1/2 St
Lawless
$1,100,000 $529 3 bd / 2 ba 2,080 sqft , 2026-05-14
1107 Bowie Rd
Austin Lake Hills Sec 02
$1,100,000 $371 4 bd / 4 ba 2,965 sqft , 2026-06-25
300 Marina View Ct
Rough Hollow
$1,100,000 $459 3 bd / 4 ba 2,399 sqft , 2026-07-10

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
$5,280/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
$220,000
20% conventional investment loan

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

Estimated Gross Rent+$5,280
Principal + Interest−$6,003
Property Tax (~2.1% TX avg)−$1,925
Insurance (~0.5%)−$458
Est. Monthly Cash Flow $-3,106

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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