Active Listing  ·  35 days on market

12601 Gristmill Cv

Austin, TX 78750
$575,000
4 Bed 3 Bath 2,177 sqft $264/sqft Built 1978 0.17 acres 2-Car Garage Pool Deerbrook Village

Wonderful 1-story with true "mother-in-law" plan (4 bedrooms/3 full baths/2 primary bedrooms) located on quiet culdesac in Anderson Mill! Remodeled in 2024 to open up the floorplan between kitchen & living area, the open concept plan offers abundant natural light from the updated Pella windows, along with tons of other upgrades (kitchen, bathrooms & wood flooring all recently remodeled). Great Room boasts vaulted ceilings, and grand stone fireplace. Lush backyard is a gardener's dream, with raised beds, irrigation system, chicken coop, and outdoor shower, and also features a sprawling composite deck for enjoyment & entertaining! Zoned to sought-after Round Rock ISD schools (Purple Sage Elem, Grisham Middle, Westwood High) and located conveniently close to local eateries, shopping & entertainment!

At $264/sqft, this home is 33% 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

12601 Gristmill Cv, Austin, TX 78750

Property Details

Price $575,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,177 sqft
Lot Size 0.17 acres (7,230.96 sqft)
Year Built 1978
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Deerbrook Village
County Williamson
Zip Code 78750
$/sqft $264/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,384.32
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244763534
List Date September 3, 2026
Elementary School Anderson Mill
Middle School Noel Grisham
High School Westwood
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 $599,000
Current ask $575,000
▼ Reduced $24,000 (-4.0%) 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
11601 Quarter Horse Trl
Village 18 At Anderson Mill Ph 02
$565,000 $268 4 bd / 3 ba 2,109 sqft , 2026-01-11
11307 Powder Mill Trl
Village 06 At Anderson Mill
$549,998 $260 3 bd / 2 ba 2,114 sqft , 2026-08-06
12332 Deerbrook Trl
Deerbrook Village
$549,700 $284 4 bd / 2 ba 1,936 sqft , 2026-08-13
12405 Burlywood Trl
Deerbrook Village
$519,999 $259 3 bd / 2 ba 2,007 sqft , 2026-09-09
12223 Old Stage Trl
Village 01 At Anderson Mill
$495,000 $302 4 bd / 3 ba 1,641 sqft , 2026-08-03

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
$2,760/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
$115,000
20% conventional investment loan

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

Estimated Gross Rent+$2,760
Principal + Interest−$3,138
Property Tax (~2.1% TX avg)−$1,006
Insurance (~0.5%)−$240
Est. Monthly Cash Flow $-1,624

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 25, 2026.

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