Active Listing  ·  121 days on market

12515 Deer Falls Dr

Austin, TX 78729
$429,000
3 Bed 2 Bath 1,713 sqft $250/sqft Built 1983 0.17 acres 2-Car Garage Pool Hunters Chase Sec 02

Tucked away in the established Hunters Chase community, this charming North Austin home offers the perfect blend of convenience, character, and outdoor living. Ideally located just off Highway 183, you’ll enjoy quick access to major employers, shopping, dining, and everyday amenities while still feeling removed from the hustle and bustle. Inside, you’ll find a warm and inviting space designed for comfortable living, while the true showstopper awaits outdoors. Step into a beautiful backyard retreat featuring a spacious deck, mature landscaping, and plenty of room to relax, entertain, or enjoy peaceful Texas evenings. Adding a truly unique touch, this home includes a piece of Texas history. Suspended above the fireplace is an authentic glass tile salvaged from the Texas State Capitol during its historic restoration—a rare conversation piece that connects this home to one of the state’s most iconic landmarks. Whether you’re commuting to work, hosting friends on the deck, or simply unwinding in the backyard oasis, this special Hunters Chase home offers a lifestyle you’ll love coming home to.

At $250/sqft, this home is 36% 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

12515 Deer Falls Dr, Austin, TX 78729

Property Details

Price $429,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,713 sqft
Lot Size 0.17 acres (7,274.52 sqft)
Year Built 1983
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Hunters Chase Sec 02
County Williamson
Zip Code 78729
$/sqft $250/sqft
Days on Market ,
HOA $100/Quarterly
Annual Tax Est. $8,037.69
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232115769
List Date June 9, 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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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 · June 9, 2026 $449,000
Current ask $429,000
▼ Reduced $20,000 (-4.5%) 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
8914 Sparkling Creek Dr
Springwoods Sec 01
$425,000 $263 3 bd / 2 ba 1,616 sqft , 2026-05-10
7601 Windrush Dr
Milwood
$425,000 $244 3 bd / 3 ba 1,744 sqft , 2026-05-22
13517 Bolivia Dr
Milwood Sec 36
$435,000 $263 3 bd / 2 ba 1,657 sqft , 2026-08-26
12903 Stanzel Dr
Hunters Chase Sec 05 Amd
$420,000 $265 3 bd / 2 ba 1,587 sqft , 2026-10-03
9725 Meadowheath Dr
Anderson Mill Village
$419,000 $304 3 bd / 2 ba 1,380 sqft , 2026-09-29

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
$2,059/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
$85,800
20% conventional investment loan

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

Estimated Gross Rent+$2,059
Principal + Interest−$2,341
Property Tax (~2.1% TX avg)−$751
Insurance (~0.5%)−$179
Est. Monthly Cash Flow $-1,212

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 30, 2026.

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